News: Spotlights

Getting involved - Improving outlook, business and profession

The great Billie Holiday once sang "All of me, why not take all of me"? Many appraisers might share those same feelings though not about a tempestuous relationship but about a tempestuous profession. From all sides, the appraisal profession seems in flux and under pressure and one cannot open an email nor have a conversation without hearing more discouraging news. More regulations, lower fees, more disciplinary actions...it's no wonder the profession is "graying!" More so from the stress than the lack of new appraisers entering the field, it appears. Surely there must be some good news? In fact, if one takes a few minutes to observe around them, there is quite a lot to feel positive about. To start, we can take a look in our own backyard. This week, the MBREA holds its annual Expo featuring presentations from industry leaders, outstanding networking opportunities and a chance to see the local and regional appraisal industry in its finest setting. Besides the annual Expo, the MBREA offers on-going continuing educational classes, free member workshops, a web forum to communicate and discuss issues with peers and the chance to benefit from the other numerous events and offerings that make the MBREA one of the premier professional associations for appraisers in the United States. If you are not a member, consider joining and if you are a member, consider getting more involved. It is almost guaranteed that your business will benefit as you help benefit your profession. On a broader national scale, there are other positive indications that appraisers are weathering the storm. Numerous local and regional associations and coalitions are forming to represent and defend professional appraisers. Legislation favorable to appraisers is seeing the light of day and individually and collectively appraisers are finding solutions to working with AMC and lender demands, unrealistic value expectations from the public and real estate agents, and adverse regulation. Many appraisers are thinking outside the box and finding reliable income streams by working with lawyers, local community lenders and other sources. Both individual appraisers and their associations are finding assistance and support from knowledgeable attorneys, insurance professionals and others engaged in risk management and educational services. There are some fine publications and websites available as well to assist the appraiser on a variety of practice matters. Regardless of your views of whether the housing market is improving or not, many appraisers are finding ways to improve their skills, their methods of operation and ultimately their success. It may take some effort and maybe a different way of thinking but by getting involved with groups like the MBREA and by taking advantage of the many other resources available, one can indeed find success and satisfaction in today's appraisal world. John Torvi is vice president of marketing and sales at the Herbert H. Landy Insurance Agency in Needham, Mass. and Chair of the MBREA's marketing and membership committee.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

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!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
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