Real Estate Appraiser Independence

Appraisers – AVMS To Finally Replace Appraisers?

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  AVMs to Finally Replace Appraisers? By Isaac Peck, Editor Since the 1990s, there have been those in the appraisal industry who’ve warned that appraisers would soon be replaced by automated valuation models (AVMs). Rapid technological innovation would quickly render the appraisal profession obsolete and properties would be appraised by computer algorithms combined with “big… Read More

“Low Bid” Appraisal Ordering and Its Effect on Quality

“Low Bid” Appraisal Ordering and Its Effect on Quality

by Isaac Peck, Associate Editor   Any appraiser who has worked with Appraisal Management Companies (AMCs) is likely familiar with the “order by email-blast” system that some AMCs rely on to fill orders. The process goes like this: an AMC sends an email blast to all appraisers within a… Read More

Appraiser Sues Over Blacklisting

Editor’s Note: This story, one of several recent instances of lone appraisers fighting back in court, is further proof that the tide is turning for appraisers: consider the spate of legislative reform now under consideration to support appraiser independence- as reported in the current WRE, and the stunning Fannie/Cuomo agreement, which while flawed, is a… Read More

From Appraising to Consulting

Editor’s Note: You’ll find Part Two of this story at WorkingRE.com (Premium Content). From Appraising to Consulting By Robert K. Bell, Jr., MAI (retired) Many appraisers can convert residential form reporting assignments to consulting assignments with some know how. Many of our appraisals should be labeled appraisal consulting reports, since they give a market value… Read More

Appraising to Consulting Part 2: Getting Started

Editor’s Note:  In Part One, Bob Bell, MAI (retired) explains how appraisers can convert residential form reporting assignments to higher-paying consulting assignments with just a little know how. “Many of our appraisals should be labeled appraisal consulting reports, since they give a market value and solve problem questions in the Highest and Best Use section… Read More