Rhode Island chapter of Appraisal Institute offering overview April 18th-19th
The Rhode Island Chapter of the Appraisal Institute will be offering the two day Appraisal Curriculum Overview (15 Hours), on April 18th and April 19th. This offering will be at the Radisson Hotel (Airport) in Warwick, R.I.
The Appraisal Curriculum Overview is a relatively new requirement established by the Appraisal Institute for residential designated (SRA, RM) and residential associate members must attend the first day of the Appraisal Curriculum Overview (8 Hours). Residential designated and associate members are welcome to attend the second day to receive the full 15 credit hours. (RI - MA) The second day activities will address general designated (MAISRPA, SREA) and general associate must attend the first and second day of the Appraisal Curriculum Overview (15 Hours).
The instructor for both days will be Joseph Magdziarz, MAI, SRA, president of the Appraisal Institute.
Upon completion of the first day of instruction (April 18th) a cocktail hour with hors d'oeurvres is planned (further information to follow) with an update presentation by the Appraisal Institute president regarding our professional input on improving the economy.
Registration information can be attained from the Rhode Island Chapter executive secretary Elsie John at 401-433-6985 or ejohn4@cox.net. More details on the course will be forthcoming but AI Members (designated/associate) should plan to take advantage of this local offering as it is a requirement.
William McGovern, SRA, is president, Rhode Island Chapter of the Appraisal Institute.
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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
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.
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.
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