News: Appraisal & Consulting

President's message: Associations are important

Professional association is defined as "An organization composed of members of a particular profession that regulates entry to and sets and maintains standards for that profession," Encarta Dictionaries. Why are professional associations important in the real estate appraisal profession, and for that matter, any profession? Professional associations provide an organized format for practitioners to develop a body of knowledge, expand opportunity for professionals to expand their skill set, while developing and maintaining professional standards and governance for the membership. Throughout my years of involvement with the American Institute of Real Estate Appraisers, and the Appraisal Institute, I have been exposed to many opportunities. First and foremost, the Appraisal Institute has provided the basis for education fostering the foundation for a career path in real estate appraisal. It has evolved into opportunities for leadership within the organization on both a local, regional and national level. Over the past decade, I have attended national events including conferences, annual meetings, regional governance and have met appraisers and valuation professionals on both a national and international level. The Massachusetts and Rhode Island chapter sponsored my attendance to the Leadership Development Advisory Council (LDAC) that planted and cultivated the seeds for leadership within the association. This experience consisted of organized brainstorming to tackle some the challenges facing the profession at the time, as well as provided the opportunity to lobby leadership on Capitol Hill for issues faced in our highly regulated Industry. The Appraisal Institute reinstated the annual meeting several years ago, affording an exceptional opportunity for networking with professional in the valuation, regulatory and financial services field. To me, the most valuable experiences have been with the educational offerings, as well as opportunities to collaborate and work with educators and other leaders in education and other aspects of our profession, and has provided the opportunity to be involved with national initiatives on designation development, strategic planning and education offerings. I encourage each member, candidate and affiliate to look into these opportunities provided by our professional association. Locally, our chapter fosters the development of each and every member, candidate and associate by providing opportunities to advance their own professional development, through education and delivery of services through an exceptional group of staff and volunteers. Our summer cruise was a success and I would like to thank both Lianne Andreucci and Melanie Kosich, MAI for pulling together it all together. Be well. Ken Dicks is the 2015 president of the Mass./RI chapter of the Appraisal Institute and director residential real estate appraisal risk at Santander Bank, Dorchester, Mass.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
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