Common Errors and Misconceptions in Yellow Book Assignments
This workshop will deal with common errors that occur in appraisal assignments prepared under the Uniform Appraisal Standards for Federal Land Acquisitions, known as the Yellow Book. Most appraisals prepared for the federal government and many appraisals for clients that involve federal funding must comply with Yellow Book standards. This program will provide guidance beyond what’s covered in a basic UASFLA seminar, and discuss misconceptions about the Yellow Book and address deficiencies, errors and fatal flaws found in Yellow Book appraisals. The discussion also contrasts Yellow Book requirements with those of the Uniform Standards of Professional Appraisal Practice.
Eric Paul Griffin, MAI, review appraiser, Office of Valuation Services, U.S. Department of the Interior
Download the presentation: Common Errors and Misconceptions in Yellow Book Assignments
Effective Collateral Risk Management
The appraisal industry is experiencing “Scope Creep” — a continual layering of requirements that were put in place to help mitigate historic losses in the mortgage market. These requirements are bundled with expanded service level requirements calling for compressed delivery times, which can make it difficult for appraisers to function in an efficient manner. This panel will examine the current situation and work toward ideas for improvement.
Leland Trice, principal, The Trice Group
Danny Wiley, vp, staff appraiser manager, LSI
Rick Foos, president, Foos & Associates
Ernie Durbin, director of valuation technologies, Valuation Vision
Robert Murphy, director, Property Valuation & Eligibility, Single-Family Credit Policy, Fannie Mae
Mark Liley, chief appraiser, Flagstar
Download the presentation: Effective Collateral Risk Management
Residential Nightmares: A Complex Residential Litigation Case Studies Workshop
Participants will learn valuable tools for solving complex appraisal problems, including techniques for presenting and defending appraisal conclusions and opinions. These advanced residential valuation techniques will be illustrated with three case studies:
A construction defects case involving a house built on a dumpsite
A title insurance claim for an island home with a disappearing boat dock
A “simple” eminent domain easement purchase with surprises galore
Sandra K. Adomatis, SRA, owner, Adomatis Appraisal Service
Joni L. Herndon, SRA, owner, Real Property Analysts/Gulf Coast
Shawn Wilson, MAI, owner, Compass Real Estate Consulting, Inc.
Download the presentation: Residential Nightmares: A Complex Residential Litigation Case Studies Workshop
Advanced Statistical Methods in Real Estate Appraisal
Appraisal literature has recently focused a significant amount of attention to hedonic modeling, survey research, expert systems, meta-analysis and other advanced techniques that many appraisers run into during review assignments, litigation or consulting projects. This workshop will provide an overview of these techniques, discuss their usefulness in certain assignments and provide examples on how appraisers can implement them. Attention will be paid to compliance with Uniform Standards of Professional Appraisal Practice and the Code of Professional Ethics and Standards of Professional Appraisal Practice, as well as other supplemental standards.
John A. Kilpatrick, Ph.D., MAI, FRICS, CEO, Greenfield Advisors LLC
Richard J. Roddweig, MAI, Clarioin Associates, Inc.
Download the presentation: Advanced Statistical Methods in Real Estate Appraisal
Part 1 | Part 2 | Part 3
Going Concern Issues in Hospitality Valuation
Recent changes to Small Business Administration policies require appraisers to allocate values among real property, personal property and business/intangible assets and to have passed an Appraisal Institute course or carry a business valuation designation to perform certain going concern appraisals. The Interagency Appraisal and Evaluation Guidelines and real estate lending regulations also require an appraisal of the market value of the real estate, further affirming the importance of allocation. This session will focus specifically on hospitality properties and will serve as a complement to and a framework for the Appraisal Institute’s “Fundamentals of Separating Real Property, Personal Property, and Intangible Business Assets” course. Participants will be asked to present case studies and to share their valuation techniques for hospitality assignments in order to better understand how to identify potential going concerns and the methodologies for estimating the value for going concerns.
Scott Biethan, MAI, CB Richard Ellis
Eric Hector, MAI, Keystone Consulting
Kerry Jorgensen, MAI president, Jorgensen Appraisal, Inc.
Arthur Neudek, MAI, National Valuation Consultants
Download the presentation: Going Concern Issues in Hospitality Valuation
Part 1 | Part 2 | Part 3
Transportation Oriented Development: A Return to Mixed-Use Communities
Real estate developments that focus on sustainability also are putting a greater emphasis on public transportation, which has resulted in more high-density mixed-use communities with convenient access to mass transit. Speakers will discuss how transit systems, such as Denver’s $7.8 billion FasTracks project and construction of the city’s new $488 million Union Station hub, can affect site and building design, “place making,” parking, zoning/entitlements, real estate finance, public/private partnerships and transportation demand management.
Laura Aldrete, AICP, senior supervising planner — PlaceMaking group, Parsons Brinckerhoff
Tim Baldwin, AICP, associate, Steer Davies Gleave
Bill James, MAI, president, James Real Estate Services & Director, Regional Transportation District, Denver
Andy Knudtsen, principal, Economic Planning Systems, Inc.
David Tryba, FAIA, lead design principal, Tryba Architects
Download the presentation: Transportation Oriented Development: A Return to Mixed-Use Communities
Part 1 | Part 2 | Part 3
Working with an AMC: Finding Common Ground
This session will focus on regulations affecting the appraisal profession as they pertain to the Dodd-Frank Act and appraisal management companies. Topics will include the AMC structure, operations, review process and responsibility to a client; an independent appraiser’s responsibilities to a client and an AMC; and working with an AMC to handle increased client requirements. The session will offer insight from an appraisal company working with multiple AMCs and discuss how AMCs can help educate, advocate for and improve relations with appraisers.
George K. Demopulos, SRA, president, chief corporate appraiser, Lincoln Appraisal & Settlement Services
Jennifer Schnell, SRA, senior review appraiser, Lincoln Appraisal & Settlement Services
Alan Hummel, SRA, chief appraiser, Forsythe Appraisals
Bill Waltenbaugh, SRA, chief appraiser, Kirchmeyer & Associates
Thomas Kirchmeyer, SRA, president, Kirchmeyer & Associates
Chuck Mureddu, managing director, QVS
Download the presentation: Working with an AMC: Finding Common Ground:
Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6