Opinions of Value provides the appraiser perspective on developments in the valuation profession, insight on legislative and regulatory issues and outlook on industry trends.
In the organization’s latest YouTube video, the Appraisal Institute invited Paula Konikoff, JD, MAI, chair of the Appraisal Institute’s Professional Standards and Guidance Committee, to discuss 2014-15 USPAP updates, including the process the Appraisal Standards Board used to adopt the latest edition of USPAP, the new Report Options that will be part of the 2014-15 edition of USPAP, and other changes made that might impact appraisers.
Appraisal Institute’s blog, “Opinions of Value,” was honored May 1 with a Hermes Creative Award from the Association of Marketing and Communication Professionals. The blog received a Gold Award for the corporate blog category for interactive, electronic and social media. About 19 percent of the contest’s more than 5,600 entries won the Gold Award for excellence in the marketing and communications industry.
Developing an opinion of value for a special-purpose property can present challenges. It requires an appraiser to appropriately value distinctive physical features, as well as functional, economic and historical influences, often with limited comparables.
Appraisal Institute Vice President M. Lance Coyle, MAI, SRA, reveals details about this year’s Annual Meeting that will be held July 23 – 25 at the Hyatt Regency in Indianapolis in the organization’s latest video.
Dear Appraisal Institute Colleague:
A career in real estate appraisal can offer a multitude of opportunities to young professionals. With more than half of appraisers reaching retirement age, there has never been a better time for recent graduates to become the future of the valuation profession.
An appraisal career can offer many benefits to young professionals, and there’s never been a better time to consider a career as a real estate appraiser. While many job-seekers may not realize the abundant opportunities the valuation profession can offer, even fewer fully understand what an appraiser does day to day.
Appraisers are typically experts at analyzing real estate markets and property value, but appraisers who work from a home-based office or run their own small business may not be familiar with what it takes to manage an office. Preparation, organization, accessibility, administrative support and marketing are all crucial elements for a small business to thrive.
For students who are approaching college graduation, or those who have recently finished their university careers, the future can hold many unanswered questions. While many struggle to find jobs related to their degrees, a good deal of those who secure employment will do so at the price of lower-level and lower-paid positions.
The Appraisal Institute’s Residential Green and Energy Efficient Addendum is intended to help analyze values of energy-efficient home features and is the first form of its kind intended for appraisers’ use. The Appraisal Institute originally issued its form in 2011 as an optional addendum to Fannie Mae Form 1004, which is the appraisal profession’s most widely used form for mortgage lending purposes.
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