News: Finance

MA & RI Chapter of the Appraisal Institute February/March schedule

In February and March, the Massachusetts and Rhode Island chapter of the Appraisal Institute will continue to offer the timely and cutting edge appraiser education that professional appraisers expect from the Appraisal Institute. Their education, seminars, and programs committees are working hard to bring timely and topical programs to appraisal professionals throughout the area. In addition, students have more choices how to take their education with more online courses and seminars being offered. Fulfill on your education needs by taking courses and seminars from the world-wide leader of appraisal education Interested in the new Appraisal Institute Review Designation courses? The chapter is offering Review Theory - Residential on April 28 - 30 in Braintree, MA and Review Theory - General on June 9 - 13 in Woburn. Save the date and look for information about how to register for these classes in the near future. General Appraiser Income Approach, Part 1 - February 12 - 15 * Location: Crowne Plaza Woburn, 15 Middlesex Canal Park, Woburn. * Hours: 8:30 a.m. - 5 p.m. * Tuition: $490 AI Price; $540 Full Price (after 1/28, add $50) Credit Hours: 30 hours (Be sure check with your state licensing board for approval.) 2014 - 2015 7 Hour National USPAP Update Course - February 27 * Location: Sheraton Providence Airport Hotel, 1850 Post Rd., Warwick, RI * Hours: 8:30 a.m. - 5 p.m. * Tuition: $200 AI Price; $250 Full Price (Price includes a copy of 2014-2015 USPAP) * Credit Hours: 7 hours (Be sure check with your state licensing board for approval.) Litigation Assignments for Residential Appraisers: Doing Expert Work on Atypical Cases - March 5 * Location: Crowne Plaza Woburn, 15 Middlesex Canal Park, Woburn * Hours: 8:30 a.m. - 12:30 p.m. * Tuition: $125 AI Price; $150 Full Price (after 2/28, add $25) * Credit Hours: 4 hours (Be sure check with your state licensing board for approval.) General Appraiser Income Approach, Part 2 - March 12 -15 Location: Crowne Plaza Woburn, 15 Middlesex Canal Park, Woburn * Hours: 8:30 a.m. - 5 p.m. * Tuition: $90 Al Price; $540 Full Price (after 2/25, add $50) * Credit Hours: 30 hours (Be sure check with your state licensing board for approval.) 2014 - 2015 7 Hour National USPAP Update Course - March 19 * Location: Crowne Plaza Woburn, 15 Middlesex Canal Park, Woburn * Hours: 8:30 a.m. - 5 p.m. * Tuition: $200 AI Price; $250 Full Price (Price includes a copy of 2014-2015 USPAP) * Credit Hours: 7 hours (Be sure check with your state licensing board for approval.) Basic Appraisal Principles - March 20, 21, 27, and 28 * Location: University of Phoenix, Braintree Campus, 2 Adams Place, Braintree/Quincy, MA * Hours: 8:30 a.m. - 5 p.m. * Tuition: $435 AI Price; $485 Full Price * Credit Hours: 30 hours (Be sure check with your state licensing board for approval.) For more information and to register for these course offersing please visit the MA & RI Chapter of the Appraisal Institutes website at: http://www.ma-appraisalinstitute.org/.
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Columns and Thought Leadership
Are appraisers on the same page as the assessor? - by Richard Seman

Are appraisers on the same page as the assessor? - by Richard Seman

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

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
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

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
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski

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.