News: Spotlights

2021 Year in Review: Maria Hopkins, Real Estate Appraiser, Maria Hopkins Associates

Maria Hopkins
Maria Hopkins Associates

How has your working environment changed over the last year? The first thing that happened when the pandemic hit was to send all but one employee home to work remotely. We are all so fortunate that technology is where it is to allow us to function like that. We then had to figure out how to train new people remotely because the appraisal industry just got busier with a huge shortage of appraisers. The strict safety protocols I put in place when inspecting each property kept me from getting COVID even though I was in hundreds of properties. I have these same protocols still in place even though I’m vaccinated. I learned that I can still run circles around people half my age when I have to.

What are your predictions for your industry in 2022? There will continue to be a shortage of appraisers in 2022. Many appraisers are heading toward retirement and there still have not been enough changes to bring in enough trainees. I suggested allowing 5 trainees per licensed supervisor instead of 3. It’s a reasonable number. I was training that many before licensing began. Trainees can be at all different stages of training.

What is the best advice you have received, and who was it from? The best advice I received in my career was from my mentor Steve Byrnes. Learn to say no. Don’t ever cross over that ethical line and good thing will always come to you. Your reputation and credibility is everything in this industry. I try and pass that advice on. I can always teach someone the profession. But you can’t teach someone to be honest and ethical. They have to pass that test to stay in my company. I also had an older attorney friend Roger Leland, who sent me the book (Don’t Sweat the Small Stuff). He taught me that whenever something seemed difficult that it probably meant I was tired. Sleep on it and the answer will come to you in the morning. He was right. It always does.

MORE FROM Spotlights
Spotlights

The New England Real Estate Journal presents the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary
Navigating conversations and industrial real estate: Unveiling the intricacies with a dash of dad jokes - by David Skinner

Navigating conversations and industrial real estate: Unveiling the intricacies with a dash of dad jokes - by David Skinner

Here are a few of my favorite topics of conversation: politics, religion, money, and relationships. Other than a below average level of social capability, why do you suppose that those are some of my favorite conversation pieces? Well, I believe that there is a fascinating truth hidden within these realms
CRE market continues to navigate and adjust - by Kristie Russell

CRE market continues to navigate and adjust - by Kristie Russell

The New Hampshire commercial real estate landscape has experienced notable fluctuations in recent years. Within the office sector, there has been a consistent uptick in available space since 2020, attributed to a wave of companies downsizing or closing their New Hampshire operations. However,
Risk-based capital requirements: Impact of rules on commercial real estate loans - by Michael Chase

Risk-based capital requirements: Impact of rules on commercial real estate loans - by Michael Chase

Two popular sources of commercial real estate financing are banks and insurance companies. According to the Mortgage Bankers Association, banks and insurance companies combined hold 54% of the nearly $4.7 trillion in outstanding commercial mortgages as of the end of 2023. Both of these lender groups are subject to regulations