News: Appraisal & Consulting

Stephen Dunn - MBREA Strength in Numbers membership campaign

Appraisers across the country are beginning to experience the effectiveness of organized action. Most recently, appraisers in Massachusetts learned how their involvement in the legislative and regulatory process brings about positive change. MBREA launched a grassroots effort targeted towards the legislature to bring about a change in the way the state evaluates appraiser compliance with USPAP continuing education requirements. Within weeks of asking appraisers to contact their state senators and representatives, USPAP became a buzz word around the State House. MBREA members and staff met with several members of the house and senate and secured a commitment to file legislation to correct the issue. We continue to push forward on the issue even after the State Board adopted a new enforcement policy, in order to bring relief to those appraisers disciplined before the change. We then asked appraisers to attend a hearing by the Joint Committee on Consumer Protection and Professional Licensure on May 17th. More than 30 appraisers arrived for the hearing MBREA's appraisal management company licensing bill and showed the committee that the appraisal community strongly supports the bill. What this demonstrates is the strength that comes with numbers. Neither of these events would have happened if individual appraisers had not rallied around these causes. For too long now, appraisers have felt victimized with unstoppable wave after wave of new requirements and regulations overtook them and came close to swamping the profession. Provided an outlet and means to focus their frustration with the havoc wreaked on their profession, appraisers pushed back with a significant impact. MBREA is proud to have been at the forefront of action in Mass. We were energized by the very appraisers we energized. Here is one reality of the situation. MBREA counts as members about 25% of the licensed and certified appraisers in Massachusetts. Our efforts, while benefitting our members, also benefits 2,100 appraisers across the state that do not belong to MBREA. Imagine how our effectiveness would be multiplied if 1 out of every 2 non-member appraiser joined MBREA today. MBREA recently introduced its Strength in Numbers membership campaign. We have eliminated the excuse that membership costs too much by reducing the first year's dues to $195 and waiving the $50 joining fee. Even if $195 for one year seems to be high, consider the value you receive through your membership - by associating with the state's premier professional appraiser organization. Stephen Dunn is president of the MBREA and principal of AppraisedValue.com, real estate appraisers in Kingston, 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