Next Generation of Appraisers and Man vs. Machine

Jeffery Rauland, SRA, ASA, AI-RRS Man vs. Machine: Are Appraisers a Modern- Day John Henry?

As automated valuation models (AVMs), artificial intelligence, and large language models continue to transform the valuation industry, appraisers are faced with a critical question: should we compete with technology or learn to harness its power? Using the legendary story of John Henry as a compelling metaphor, Jeffery Rauland explores the evolving relationship between human expertise and emerging technology. Attendees will gain a deeper understanding of how AVMs work, how they compare to traditional appraisal methods, and how data-driven tools can enhance professional practice.

Through real-world examples, interactive discussion, and practical exercises, participants will discover ways to leverage regression analysis, machine learning, indexing, and AI-assisted reporting to improve efficiency, strengthen analysis, support adjustments, and elevate report quality. This thought-provoking session concludes with a powerful vision for the future of valuation: not man versus machine, but man with machine.

Marcus Moffitt, BBA, MPA The Next Generation of Appraisers: Preparing for the Future Workforce

The appraisal profession is entering a period of significant transition as a new generation of professionals enters the workforce and experienced appraisers begin to retire. Marcus Moffitt will explore the social, psychological, cultural, and historical influences that have shaped the values, expectations, and career perspectives of emerging professionals. From the lasting impact of COVID-19 to changing workplace priorities, attendees will gain valuable insight into what motivates the next generation and how firms can successfully attract, develop, and retain top talent. The presentation will also address the industry's looming brain drain as senior appraisers exit the profession, highlighting the importance of mentorship, training, and knowledge transfer.

With an emphasis on ethics and professional responsibility, Marcus will examine the "why" behind many appraisal practices and discuss how firms can prepare for a strong and sustainable future.