In my previous article I spoke of how technology in the appraisal profession has changed over the past several decades. In this article I will be addressing the coming changes likely to affect the profession over the next decade and the possible opportunities
Since 2017, the Massachusetts and Rhode Island Chapter of the Appraisal Institute has designated 29 professionals. This is a record number for the chapter and is driven by the recent increase of young professionals entering the industry, the chapter’s commitment to offering Appraisal Thresholds.
The National Credit Union Administration (NCUA) increases – quadruples – the commercial loan appraisal threshold for when a commercial real estate appraisal is not required from $250,000 to $1 million.
The Open Markets Committee (OMC) of the Federal Reserve Bank reduced rates to 2.00% - 2.25% at the meeting on July 31. Baked into mid-term rates are assumption of further FED upward action. Now some slack.
On August 1, The Appraisal Standards Board, an independent board of The Appraisal Foundation, announced it intends to consider the creation of specific standards for evaluations.Canton, MA
The Mass. Board of Real Estate Appraisers celebrates 85th
Anniversary Dinner and Hall of Fame Ceremony Wednesday, June 26th
at Blue Hill Country Club.Malden, MA
William Lanciloti Jr., SRA, AI-RRS of Suburban Appraisal Services has been awarded the Appraisal Institute’s AI-RRS designation, a designation held by real estate appraisers who are experienced in residential appraisal review. The designee, Lanciloti, was honored
Last week I attended the Massachusetts Board of Real Estate Appraiser’s Hall of Fame Dinner. The event was well-attended, happily so in an age of disinterest in attending meetings corporeally.
As an appraiser based in Orono, Maine and who specializes in timber properties I have an unusual perspective on the appraisal industry. Most people view the northern forests of Maine and the surrounding region as vast and remote,
Yes, there will be an appraisal management company registration system in place before long. Massachusetts faces a deadline of August 10th to enact its system. Everyone in the State House says they know the deadline is coming.