US Government Outsources Nearly All Real Estate Appraisals: Valuation Magazine
June 21, 2016 09:00 AM
CHICAGO (June 21, 2016) – Real estate appraisers seeking exciting and challenging assignments can look toward the U.S. government — the nation’s largest land owner — for valuation opportunities, according to an article published in Valuation magazine’s second quarter 2016 issue.
Valuation magazine is a quarterly publication of the Appraisal Institute, the nation’s largest professional association of real estate appraisers.
In the new issue’s cover story, “Official Business,” appraisers from the Interior Department, General Services Administration and State Department discuss the many opportunities for real estate valuation work with the federal government, which outsources 95 percent of its appraisal work. While the work can be difficult to get and the standards rigorous, the professional rewards are numerous and the properties are varied, ranging from federal courthouses to abandoned missile silos.
Read “Official Business” in Valuation magazine’s second quarter 2016 issue.
Also in this issue:
“Value Proposition” discusses the many challenges of generating a credible opinion of value on a commercial property which has a long-term lease, whose existence may depend on the continuation and solvency of a tenant.
“Smart Growth” provides insight into how to manage the growth of a valuation business, which if not well-managed, can lead to a host of problems ranging from a shortage of people to declining quality and overextended finances.
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The Appraisal Institute is a global professional association of real estate appraisers, with nearly 20,000 professionals in almost 60 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.