BREAKING: AQB Adopts Changes to Real Property Appraiser Qualification Criteria By The Appraisal Foundation, posted 24 Aug 2021 Excerpt: (Washington, DC) August 24, 2021 – The Appraiser Qualifications Board (AQB) today adopted a new edition of the Real Property Appraiser Qualification Criteria (Criteria). The Criteria set qualification standards for real property appraisers in the United States and provide continuing education guidelines for current appraisers to maintain their appraisal license.“The pandemic forced everyone to be flexible,” said AQB Chair Mark Lewis. “And the AQB was no exception. We temporarily allowed education which was approved for in-person learning to be converted to online synchronous courses to respond to lockdowns and stay at home orders. Over time, the AQB saw a tremendous response from appraisers who were able to take advantage of this new educational opportunity. The AQB is responding to that feedback by making these temporary changes permanent.”Among the updates included in the newest edition of the Criteria are: Synchronous courses will now be considered equivalent to in-person classroom courses. Synchronous courses will no longer be required to have delivery mechanism approval under the Criteria and an alternative course delivery mechanism approval for asynchronous courses was introduced. Hybrid courses must meet the requirements for each specific course delivery method (e.g., a course that is hybrid synchronous/asynchronous must meet the synchronous requirements for the synchronous portion of the course and the asynchronous requirements for the asynchronous portion of the course). Qualifying and continuing education courses may use remote proctoring, including bio-metric proctoring.These changes will go into effect on January 1, 2022.The Appraiser Qualifications Board also adopted a General Interpretation of the Criteria to emphasize that education and experience verification must be completed before an applicant is approved to sit for the National Exam, and that applicants cannot self-verify their experience to qualify for the National Exam.For more information, please visit appraisalfoundation.org. AQB results for thies changes are a path in the right direction.
What Do Appraisers Have to do With Me? By ASA, posted 24 Aug 2021 Excerpt: The information found in this section of the ASA website was designed just for you – consumers of appraisal services – to learn more about appraisals, appraisers and why you should be picky when you decide to hire a professional appraiser. We invite you to explore our FAQs and our Consumer Library for tips on collectibles and much more. Very informative from a different perspective; consumers – what they are asking. Some of these questions appraisers hear all the time during an inspection repeatedly. I found keeping it simple saves a lot of time, if it is a knowledgeable answer.
NAHB Housing Market Index: "Builder Confidence Steadies as Material and Labor Challenges Persist" By Jill Mislinski, Advisor Perspectives, 20 Sep 2021Excerpt: The National Association of Home Builders (NAHB) Housing Market Index (HMI) is a gauge of builder opinion on the relative level of current and future single-family home sales. It is a diffusion index, which means that a reading above 50 indicates a favorable outlook on home sales; below 50 indicates a negative outlook. The latest reading of 76 is up slightly from last month. Challenges in labor retention and the cost of material is new construction has always been a concern to investors and contractors. NAHB is a good source of information as it does have a finger on the pulse of this segment of the housing market.
Fastest Home Building Activity Continues in Suburban, Exurban Communities By NAHB Now, 07 Sep 2021 Excerpt: Residential construction continued to shift toward the suburbs and lower-cost markets, and this trend is especially pronounced within the multifamily sector, according to the latest Home Building Geography Index (HBGI) released today by NAHB. Residential construction is just starting to pick up in the areas as material costs have been declining since April. With the demand for new inventory, new construction play a vital role. Though the typical seasonal slow down is here, favorable weather may sustain it for a while longer.
The Appraisal Profession By The Appraisal Institute, posted 07 Sep 2021Excerpt: An appraisal is a professional appraiser’s opinion of value. The preparation of an appraisal involves research into appropriate market areas; the assembly and analysis of information pertinent to a property; and the knowledge, experience, and professional judgment of the appraiser. The Appraisal Profession requires new Appraisers to keep the profession moving forward. With this profession it differs in how people learn and grow within the profession. Most Appraisers are independently owned and operated, and knowledge must be sought out to learn more. As one seeks to learn what the Appraiser profession entails, starting with the Appraisal Institute may answer some of your questions.
When Value Matters - Hire an ASA Designated Real Property Appraiser By ASA, posted 21 Sep 2021Excerpt: Important COVID-19 UpdateASA, Other Organizations Urge Passage of the Charitable Conservation Easement Program Integrity ActASA Releases September Discipline-Centric Monthly NewsletterPhone Apps for ProductivityHow the Internet Ruined Art A short video on “Value Matters” and important updates on many subjects for the appraiser.