Category: Appraisal & Consulting
The timely demise of the MC 1004: A new era for market analysis? - by Bill Pastuszek
September 14, 2018
The GSEs (aka Fannie and Freddie) recently announced that the addendum to the Appraisal Report known as Market Conditions Addendum Form 71, also known as the MC 1004, no longer needs to be included.
Your next appraiser may have a familiar name - Brian White
September 14, 2018
Many articles have been written on the aging of the real estate appraisers and the potential lack of residential and commercial appraisers in the near future. Within the past 18 months, both the Appraisal Institute (AI) and the National Association of Realtors (NAR) prepared research papers
What we need to know about the Appraisal Standards Board - by Steven Spangle
September 14, 2018
In order to provide transparency and encourage a broad input of ideas the Appraisal Standards Board (ASB) makes no changes to the Uniform Standards of Professional Appraisal Practice (USPAP) without first exposing proposed changes to the public and requesting comments.
Life estates and an approach to valuation - by Marc Nadeau
September 14, 2018
Inherent in the fee simple ownership of real estate is something that is commonly referred to as the “Bundle of Rights”. The Bundle of Rights is in effect the exclusive right, use and disposition of the property that belong to the property owner.
MA/RI Chapter of Appraisal Institute president’s message for September - by Bud Clarke
September 14, 2018
The Appraisal Institute recently held its 2018 Appraisal Institute Annual Conference at the Downtown JW Marriott Nashville on Monday July 30, through Wednesday, August 1. The meeting featured world-renowned keynote speakers, nearly 30 breakout sessions
Counselors attend the annual meetings to compare notes - by David Kirk
September 14, 2018
Markets are persistently positive, with moderate volatility in securities and capital markets registering earnings reports, transactions and bankruptcies, tweets and trade news. August nonfarm payrolls increased by 201,000 jobs, nicely rebounding from 147,000 in July.
Disruptive tech in commercial real estate - by Daniel Calano
September 14, 2018
A lot has been written about disruptive technology. At its simplest definition, disruptive technology is a completely new approach to a problem or business, typically only available because of a growing digital culture.
Update from the State House for appraisal professionals - by Allan Cohen
August 10, 2018
I wrote two articles, Column A and Column B, for today’s NEREJ. I tossed Column A. Here is Column B: The state’s 190th legislative session was not kind to the real estate appraisal profession. Mandatory licensing, which is commonplace
The value of industrial buildings these days - by Eric Reenstierna
July 13, 2018
When we peel back the veneer and see how industrial buildings tick, we find that the same factors that made them more or less valuable in 1996 still apply today. Pick a building up, move it five miles down the highway, and you may find that it has gone up or down in value by 20%.
Reporting changes: What you need to know about proposed 2020 USPAP changes - by Bill Pastuszek
July 13, 2018
Reporting is at the heart of what appraisers do. Whatever was done, good or bad, to reach the conclusion gets communicated mostly through written appraisal reports. Here are some things to know about proposed 2020 USPAP changes currently being exposed.
Highest and best use analysis in a hot market - by Maria Hopkins
July 13, 2018
As developable land becomes more and more scarce especially in the Eastern area of the state, those wanting new construction have often had to buy an existing house and gut renovate or demolish and rebuild.
Compliance: Why would it take so long to get it right? - by Wayne Valliere
July 13, 2018
As a field practitioner, I have often wondered, about the Federal National Mortgage Association (FNMA) forms not being USPAP compliant (Why aren’t FNMA Forms USPAP compliant?). I guess FNMA, either hasn’t heard of USPAP; or like most federal and state government agencies, just don’t care.
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