CHICAGO – RealEstateRama – The Appraisal Institute is addressing unconscious valuation bias while also expanding opportunities for aspiring appraisers, according to an article in Valuation magazine’s third/fourth quarter 2020 issue.
Valuation magazine is a quarterly publication of the Appraisal Institute, the nation’s largest professional association of real estate appraisers.
In the newest issue’s cover story, “Taking Stock,” 2021 Appraisal Institute President Rodman Schley, MAI, SRA; President-Elect Pledger M. “Jody” Bishop III, MAI, SRA, AI-GRS; Vice President Craig Steinley, MAI, SRA, AI-GRS, AI-RRS; and Immediate Past President Jefferson L. Sherman, MAI, AI-GRS, talk about the state of the valuation profession, what’s changed as a result of the pandemic and the challenges ahead.
Also in this issue:
“Saying Good Buy” helps sole proprietors and shareholders in larger valuation firms or appraisal management companies understand the complex and multistep process involved in selling their firm or shares in a firm. This article also gives important details on preparing valuation firms for sale and factors affecting a sale price.
“Putting the Coronavirus to the Test” discusses how, through impairment testing, appraisers can help companies understand the effects of COVID-19 on their real estate assets and financial reporting. This article dives into steps that appraisers and companies can take in order to be ready to ensure compliance.
“Changes Ahead” addresses policy issues that AI’s Washington office has identified as likely affecting appraisers this year. This article also includes valuation-related measures that saw action and consideration in the 116th Congress and could advance in the 117th.
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The Appraisal Institute is a global professional association of real estate appraisers, with over 17,000 professionals in almost 50 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org.
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