Berman nominated for vice chairman elect of Mortgage Brokers Assoc.

The Mortgage Bankers Association (MBA) has nominated Michael Berman, CMB, president of CW Capital as its vice chairman-elect. Berman will be elected by MBA members at the association's 95th Annual Convention, which will be held in October in San Francisco, California. Berman's nomination was announced at MBA's President's Conference, which is held each June. An active member for more than two decades, his nomination reflects his ongoing service and dedication to MBA and its members. Berman currently serves on MBA's board of directors, commercial/multifamily board of governors (COMBOG) and the 2008 Fannie Mae DUS Advisory Council.Â He also served on the audit committee and chaired the strategic planning committee in 2007 and served on MBA's council to shape change in 2006.

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Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4

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Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.

Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property

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The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.