What is the Problem with the Appraisal (Valuation) Profession?

Having been a member of the valuation profession for more then 40 years, I have experienced many deceptions which are promulgated on the public by professional administrators (for example the Appraisal Institute) and the educators who form the basis for this profession (who teach the practitioners within this profession). But is this definition and understanding representative of

Are you aware that the valuation profession is based on a myth?The myth (illusion) revolves around the core

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Foreclosure Rates, Appraiser Ratios, Florida Follow-Up, and More!

Foreclosure Rates and Appraiser Ratios

It is well known that Broward County Florida is in the top 10 counties in the country for high rates of foreclosure. What you may not know is that Broward County is also home to one of the largest real estate schools - responsible for the graduation of hundreds of residential real estate appraisers.

I was reading recently that Florida is second only to California in the number of residential appraisers. California

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Appraisers Must Unite as One Voice

Uniting as one voice is the only way to protect the future of the appraisal profession and, most importantly, the real estate appraiser.

We can no longer sit at our desk behind a computer hoping someone will take care of current events or intend to get around to doing something. This is the downfall of the appraisal profession.

Union of Real Estate Appraisers is “Uniting appraisers to preserve and improve the appraisal profession.” This union will be the means

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A Look at South Florida’s Residential Real Estate Market (Part 2)

Here we go with my second installment for the FNC Blog.

Significant changes in the South Florida market since last week: First of all, it was published that unemployment in south Florida is up 30% from last year. That is to suggest that the 2008 unemployment rate of 7% has increased to 10% in 2009. Some of the articles in the local papers have suggested that this will be a benefit for employers who will now be able to hire workers for even less.

What does this mean for the

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A Look at South Florida’s Residential Real Estate Market

Living and working in south Florida during the past three decades has been nothing short of a “roller coaster ride." My first job opportunities were appraising residential properties immediately following the Savings and Loan collapse. Later I worked through the real estate recession in the 1990s and now we are in the midst of the great decline of the 2000 era. Florida, especially south Florida always seems to have higher appreciation rates and even more substantial price drops than the

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