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Appraisal Institute

J. Scott Robinson Named VP of Appraisal Institute

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J. Scott Robinson, MAI, SRA, of Salisbury, N.C., was elected 2014 vice president of the Appraisal Institute, the nation’s largest professional association of real estate appraisers. Robinson’s one-year term at the Appraisal Institute will begin Jan. 1, followed by one year each as president-elect, president and immediate past president.

“I am humbled and honored by this opportunity, and I promise to give everything I have to this role,” Robinson said. “I’m grateful to everyone who helped me reach this point in my career.”Click to continue

Appraisers Remain Optimistic About Their Future

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More than three-fourths of U.S. real estate appraisers are very or somewhat positive about the demand for their services over the next one to two years, according to an Appraisal Institute survey. Eighty percent of residential appraisers and 78 percent of commercial appraisers said they are upbeat about their future, according to the survey conducted in May-June by the Appraisal Institute.Click to continue

Not All Renovations Positively Impact Property Values: Appraisal Institute

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The Appraisal Institute advised homeowners to use discretion when deciding which home improvement projects to take on, saying that not all renovations positively impact property values. “Projects that take a home significantly beyond community norms are often not worth the cost when the owner sells the home,” said Appraisal Institute president Richard L. Borges II, MAI, SRA. “If they don’t match what’s standard in a community, they’ll be considered excessive.”Click to continue

Landscaping and Upkeep Key to Increasing Property Values

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The Appraisal Institute advised homeowners to properly maintain their landscaping, which can significantly affect property values. “If a landscaping change is positive, it can often enhance price and reduce a home’s time on the market,” said Appraisal Institute President Richard L. Borges II, MAI, SRA. “But if the change is negative, it can lower the price and lengthen the time a home remains for sale.”Click to continue

International Property Management Standards Coalition Lands Appraisal Institute

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The Appraisal Institute joined some of the world’s leading professional organizations on May 2 in forming the International Property Management Standards Coalition. The two-day meeting at the World Bank in Washington, D.C., focused on developing and embedding a single standard for the way property is measured worldwide.Click to continue

Appraisal Institute Signs MOU to Work on Green Initiatives With State of Colorado

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The Appraisal Institute has signed a memorandum of understanding (MOU) with the state of Colorado to promote a wide use of tools to document home energy features. The groups also will jointly develop valuation studies. The Appraisal Institute will work with the Colorado Energy Office to identify Colorado market-specific trends in energy valuation. The organizations plan to collect information about the impact of energy efficiency on the residential real estate market and to share that data as trends emerge.Click to continue

Mortgage Fraud Increase Shows the Importance of Valuation Professionals

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In the wake of recent studies that mortgage fraud in the United States continues to rise, the Appraisal Institute has encouraged lenders and consumers to work with valuation professionals who hold competence and ethics in the highest regard. Of course, fraud often involves multiple individuals, and no one segment of industry professionals alone can combat such activity.Click to continue

Lance Coyle Elected VP of Appraisal Institute

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M. Lance Coyle, MAI, SRA, of Dallas has been elected 2013 vice president of the Appraisal Institute. Coyle’s one-year term at the Appraisal Institute will begin Jan. 1, followed by one year each as president-elect, president and immediate past president. Coyle is principal of Coyle Realty Advisors, a Dallas-based real estate services firm engaged in fee-based investment property valuation, analysis, research, expert witness testimony and counseling. He has been engaged in valuation and counseling of investment real estate since 1985.Click to continue

Appraisal Institute Bestows Top Honors at Annual Meeting

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Two members received the Lifetime Achievement Award and four others received the President’s Award during the Appraisal Institute Annual Meeting Friday in Coronado, Calif. Jay M. Massey, MAI, SRA, of Dallas and F. Gregory Opelka, MAI, SREA, SRPA, SRA, of Glenview, Ill., received the Lifetime Achievement Award. President’s Award recipients were Jim Amorin, MAI, SRA, of Austin, Texas; Leslie P. Sellers, MAI, SRA, of Clinton, Tenn.; John P. Wintrol Esq. of Washington, D.C., and the Appraisal Institute staff.Click to continue

New Book Examines Water Rights and Their Impact on Appraisals

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With the world population estimated to have re­cently passed seven billion, the global freshwater market will be a “seller’s market” for the foreseeable future, according to a new book by the nation’s largest professional association of real estate appraisers. The Appraisal of Water Rights, published by the Appraisal Institute, encourages appraisers to become geographically competent in order to provide credible, reliable opinions of value for properties involving water rights.Click to continue