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    AI News Releases Nov 15, 2022

    Ranch Properties are Grabbing the Spotlight, Appraisers Need to Understand the Land: Valuation Magazine

    CHICAGO (November 15, 2022) – Whether they’re meant as rural retreats or working agricultural operations, ranch properties of all shapes and sizes are in high demand. When it comes to appraising them, find out why appraisers need to start with the land in the third quarter 2022 issue of Valuation magazine.

    Whether it's 10,000 acres or 100, ranch properties are grabbing the spotlight now more than ever, and since the beginning of the pandemic, have been snapped up across the country — often at a premium.

    Read "Home on the Range" in the latest issue.

    Also in this issue:

    • When appraisers are retained to offer testimony in court, a well-tailored engagement agreement is an essential tool that both ensures valuation professionals get paid and minimizes the risk of misunderstandings or legal claims by clients. Learn the six items that appraisers acting as expert witnesses should include in an engagement agreement. Read more.
    • Claire Aufrance, MAI, SRA, recipient of the Appraisal Institute Women’s Initiative Committee SPOTLIGHT Award, on feeling inspired and supported as an appraiser, and the joy of 'detective' work. Read more. 
    • Appraisal Institute President Jody Bishop, MAI, SRA, AI-GRS, talks about how AI is taking action and leading the conversation about appraisal bias. Read more.
    • Plus: Tech Bytes, The News in Numbers and more! 

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    The Appraisal Institute is the leading professional association of real estate appraisers. The Appraisal Institute’s Code of Professional Ethics and Standards of Professional Practice comprise requirements for ethical and competent practice, and advance equal opportunity and nondiscrimination in the appraisal profession. The Appraisal Institute’s work includes an array of professional education and advocacy programs, and stewardship of the highest level professional credentials in residential and commercial real estate appraisal.