It’s old news for residential real estate appraisers – our numbers are dwindling. As of December 2019, the Appraisal Institute (AI) estimated that there were approximately 77,800 unique appraisers in the U.S. active appraiser population,
What’s built is what’s financed, mostly. Accordingly, good ideas in commercial real estate need buy-in from the capital markets, even where equity capital is substantial in the capital stack. Demand continues to be supported by job gains (net 225,000 newly hired in January 2020), m
They say there is an app for everything. You probably use many of them in your real estate work. You probably know a fair amount about social media, influencers, search engines and other ways to bring real estate to the consumer. But are you on top? Are you in control?
An eventful year, 2019 was, on many fronts. On the real estate end of things, it was a pretty much steady as it continues to go this time of year. The biggest surprise was that these markets keep on going, going, going, like that tired old TV Bunny!
First, I would like to thank the immediate past president John Beauchaine, MRA for his hard work and dedication as president of the Mass. Board of Real Estate Appraisers (MBREA). I have been fortunate during my time on the board of trustees to work with several dedicated presidents, Richard Simmons, Jr., RA, Marcus Johnson, MRA and Susan Mitchell, RA.
So you want to finance commercial real estate and the bank requires an appraisal. Here are a few things you should know about hiring an appraiser. As defined by the Uniform Standards of Professional Appraisal Practice (USPAP), the client is “The party or parties (i.e., individual, group, or entity) who engage an appraiser by
A call from a client requesting an appraiser to reconsider something in an appraisal is rarely welcomed. However, it has been happening since appraisal reports began being communicated in a written format.
The Massachusetts and Rhode Island Chapter of the Appraisal Institute had a very productive and successful 2019 under the leadership of Gregory Curtis, MAI! A very special thank you to Greg and our executive director, Lianne Andreucci! As always, our chapter continued to provide the best in appraisal education
Chicago, IL Jefferson Sherman, MAI, AI-GRS, of Highland Heights, Ohio, began his one-year term as president of the Appraisal Institute on January 1. The Appraisal Institute is one of the nation’s largest professional associations of real estate appraisers
Connecticut rings in the new year with five Public Acts which affect the real estate profession. Following are summaries of the acts; detailed information on all Public Acts can be found on the Connecticut General Assembly website: https://www.cga.ct.gov
