EASTERN BRANCH MEETING - Artificial Intelligence for Real Estate Appraisers

Over the last 40 years the way we work has changed enormously, but the next 40 years promise even greater change as we live through the AI (Artificial Intelligence) Revolution.  Instead of gathering data and manually analyzing it new technologies have the ability to do some of the analysis for us, quickly and routinely doing the calculations that we have done manually for many years. AI will enable appraisers to do thing faster and with greater precision than we ever thought possible.  Of course, with the potential comes the peril – dangers lurking in the shadows we must carefully consider in this time of rapid growth and change.  Two appraisers with a deep knowledge of AI – and experience in using it – will help us better understand the potential of AI for use in the world of appraisal.  Justin Gohn, MAI, SRA is an independent appraiser in Philadelphia who is certified in Pennsylvania, Delaware, and New Jersey.  He owns his own appraisal firm, Gohn & Co., and is President of the Philadelphia Metro Chapter of the Appraisal Institute.  Chandra Mast is a Pennsylvania State Certified General Appraiser and a Candidate for Designation in the AI.  She owns her own appraisal company and has also taught classes in residential valuation to realtors.  Both appraisers make extensive use of AI in their respective practices. 

Course Overview:

1. Intro to AI – what is it? How does it differ from ways we have used technology in the past?

2. Ways AI can streamline the appraisal process – from synthesizing facts to analyzing data quickly and accurately.

3. AI suitability for residential and commercial appraisals.

4. Other applications – identifying potential clients

5. Dangers of AI – pitfalls and perils

6. Coming Soon – what new technologies are under development?

7. Time for discussion/questions