The new edition is structured to follow the valuation process, moving from the identification of the problem through to the report of defined value. Significant changes in this edition include a step-by-step process for analyzing highest and best use, an up-to-date discussion of review theory and practice, and an intense focus on the property rights being appraised in a wide variety of valuation scenarios.
2021 affiliation invoices are now available. The due date is December 31, 2020. Please email aiservice@appraisalinstitute.org if you have any questions.
Since problem-solving is the foundation of an appraiser's skill set, “The Student Handbook to The Appraisal of Real Estate, 15th Edition,” includes practice problems that allow users of the handbook to test the knowledge they have acquired every step of the way, according to a book published by the [...]
Appraiser Diversity Workshop ScheduledThe Appraisal Institute is collaborating with the National Urban League and Fannie Mae to host a free virtual Appraiser Diversity Initiative workshop, “How to Become a Real Estate Appraiser,” Saturday, Jan. 30, noon- 1:15 p.m. EST.
The Federal Housing Finance Agency announced Jan. 14 that Fannie Mae and Freddie Mac will extend their flexibilities pertaining to both property appraisals and employment verification through Feb 28. The flexibilities were initially put in place in March 2020 and extended throughout last year in an [...]
Essential Worker Status May Help Appraisers Get Early VaccinationThe Appraisal Institute on Jan. 20 advised its professionals to check with state and local government agencies where they reside to see if the real estate appraiser profession falls into an essential workforce category that will give them early access to a COVID-19 vaccine.
Tom Hamilton, PhD, MAI, CCIM, CRE, FRICS is the Fogelson Distinguished Chair at Roosevelt University's Chicago School of Real Estate and founder and president of Karvel-Hamilton Real Estate Analytics. For over 20 years Dr. Hamilton has taught graduate and undergraduate real estate valuation courses, and for 30 years he has conducted valuation and appraisal services for the telecommunication and public utility industries and for numerous local and state agencies in the valuation of real property. Dr. Hamilton holds a BS, MS and a PhD (Real Estate) from the University of Wisconsin-Madison and an MS (Finance) from the University of Wyoming...
Jeff Jacobson, MAI, SRA is Vice President at Jacobson and Associates, Real Estate Appraisals and Consulting, in Sycamore, Illinois. During his 25+ years in the valuation and consulting of real estate, Jeff has extensive experience as an appraiser, consultant, expert witness, and investor. Jacobson is an approved instructor for the Appraisal Institute and the State of Illinois and actively teaches qualifying education courses including the Supervisory Appraiser/ Trainee Appraiser Course, Income Capitalization, among others. Jeff earned his Bachelor of Science degree from Bradley University in Business Management and Administration with a minor...
Joe Mags, Joseph Magdziarz, MAI, SRA, AI-GRS, AI-RRS has been an active instructor for AI for the past three decades. He was the 2011 National President and has served on the Education Committee in many capacities including Chair. Joseph is qualified to facilitate numerous courses and seminars.
Joe Wallace, MAI, is the Co-Founder and Managing Partner, at Praedium Valuation Group (PVG), which is headquartered in Chicago, IL. Mr. Wallace began PVG in 2001 and today the firm has a diverse service offering, which includes commercial valuations, residential valuations, litigation support and consulting services. PVG's clients include attorneys, developers, title companies, mortgage lenders and public agencies, as well as corporate and institutional owners and investors.
John Urubek, MAI, CCIM has been an appraiser for 40+ years and heavily involved in the Appraisal Institute's educational system for more than three decades. He is now approved to teach all general level and all advanced level courses needed to become an MAI. On a national level, he has served on the Curriculum, Body of Knowledge, and Education committees. Presently, he serves on the Board of Directors for the Chicago Chapter of the Appraisal Institute. He is a recipient of the national President's Award and the President's Award for the Chicago Chapter. He was extremely honored when inducted into the Instructor's Hall of Fame for the Chicago Chapter...
Kerry M. Jorgensen, MAI is an active real estate appraiser and owns a small firm in Utah. He has been an instructor for the Appraisal Institute for more than 30 years and has served that organization as a chapter president and on the national board of directors, as well as on numerous committees and project teams. He has authored courses and seminars and is a contributor to the current editions of The Appraisal of Real Estate and The Dictionary of Real Estate Appraisal. Among his awards and honors are the 2014 Armstrong-Kahn Award - For Outstanding Original Article in the Appraisal Journal, the 2015 Dr. William N. Kinnard, Jr...
Randall Neff is a partner in Neff Valuation Group in Peoria, Illinois. Neff Valuation Group is a diverse practice that completes valuations of residential, multifamily, commercial and industrial properties for a variety of client types. Randall has been an appraiser since 1982, primarily involved in the valuation of commercial and industrial properties. He has been an instructor for approximately 20 years.
Search the Appraisal Institute's comprehensive appraiser database that lists professionals from all over the world. It has become an indespensible resource to those seeking valuation services, as well as a source of business for appraisers themselves.
This Directory lists real estate appraisers who are Designated Members, Candidates for Designation, or Practicing Affiliates of the Appraisal Institute.
Designated members who hold the MAI, SRPA, SRA, AI-GRS and AI-RRS designations have met rigorous requirements relating to education, experience and demonstration of knowledge, understanding and ability.
"The Chicago Chapter of the Appraisal Institute offers the best real estate appraisal education in the industry. The Chapter offers many gatherings, ranging from meetings, seminars, classes and social events which allowed me to meet and mingle with like minded professionals and expand my network"
-David Binz, SRA
"Being a designated member has opened many doors. I get inquiries from all around the country looking for work from MAI's. I have also made many friends and have enjoyed the classes and seminars. I think anyone involved in the real estate industry would benefit working with AI. The Chicago Chapter of the Appraisal Institute is a comfortable facility with a friendly and knowledgeable staff."
-Bruce Darata, MAI
"CCAI has a proud history as being "the" innovative leader and influence in the Appraisal Institute. An aspiring appraiser cannot find a better environment or mentor network that encourage success. It offers outstanding opportunities in appraisal education and leadership. Many members have developed national fame for their specialties, published books and journal articles, seminars, and contributions to the profession. CCAI is truly a treasure. Nearing the end of my career, I personally realize the importance of CCAI in where I've been, what I've done, what I've learned."
-Richard C. Sorenson, MAI
"Whether just starting your career or already established, membership in The Appraisal Institute provides a wide variety of quality education options, consistently high ethical standards, and a variety opportunities to network with other appraisers, and related real estate and financial market participants."
-Karen T. Emerle, SRA
"Benefits of membership include up-to-date continuing education, opportunities to serve the appraisal professionals in the industry in various capacities, social interaction and access to a vast network of appraisal professionals. An MAI since 1984, and a member of the Chicago Chapter since1981, I strongly believe the Chicago Chapter of the Appraisal Institute could be an advantageous association for anybody who desires to be in the appraisal industry."
-Michael A. Wolin, MAI SRA
"The Appraisal Institute is the premier professional organization in the appraisal industry and the MAI designation is the most prestigious in the industry and widely recognized world-wide. The Chicago Chapter of The Appraisal Institute is an important appraisal industry organization that advocates for its members through educational services, legislative activities and social activities."
-John C. Satter, MAI
"Being a member of the Chicago Chapter of the Appraisal Institute has provided me with many wonderful networking opportunities with other appraisers from all over the country. Classes are offered at convenient locations both downtown and in the suburbs. The Chicago Chapter has provided me with an outstanding education through their vast offerings of qualifying education on my path to designation as well as continued education course offerings to help maintain my state licenses. I have made many great friends and colleagues at the Chicago Chapter, and am honored to be a part of this professional organization."
-Alexandra M. Meade, MAI, AI-GRS
"I joined the Chicago Chapter of the Appraisal Institute because of the excellent educational resources afforded members and the ability to speak with seasoned veterans of the Chicago Chapter of the Appraisal Institute. It is truly difficult to find fellow appraisers that truly understand the business and have such a depth of insightful knowledge. The Chicago Chapter is the proverbial North Star of chapters, in my opinion, as the depth of appraisal knowledge in the Chicago chapter runs from rural to urban properties and from nationwide to worldwide properties. Every commercial and residential appraiser would benefit from joining the Chicago Chapter just to be well informed and to have the ability to call a knowledgeable fellow appraiser for those complex assignments or insight into running a fee shop."
-Mark T. Gasick, SRA, AI-RRS
"The Chicago Chapter of the Appraisal Institute has been a great source of education to advance my career in the real estate appraisal industry. It also offers many opportunities for networking with my peers, as well as serving the organization."
-Cameron Rex, MAI
"The Chicago Chapter of the Appraisal Institute has established itself as one of the leading providers of appraiser education and training in the country, and actually the world. With the expansion and establishment of the four different designations, MAI, SRA, AI-GRS, and AI-RRS, education and training is more important than ever in the advancements of our careers as appraisers. Become a member of the Chicago Chapter and give some of your time and energy to make it great. It really is going to give back to you as much as you give to the organization and more. Whether it be sponsorships, or donations of time, it will make a difference in your life and career as an appraiser."
-Mark S. Whitsitt, SRA
"Prior to joining the Chicago Chapter, the leadership was very helpful to me, when I approached them with questions. So, I joined the chapter. Since joining, leadership opportunities have been made available to me that were not available at other chapters. I have also participated as a member. The members have been very supportive of me and helpful in my journey. I have enjoyed my time with the chapter members and hope to continue to do so."
-L. Stacy Letton, MAI, SRA
"As the owner of a small appraisal firm, I often struggle to find new opportunities to meet leaders and experienced appraisers in our industry. Becoming a member of the appraisal institute and getting involved in the chapter, has given me access to a vast network of these professionals, and has been the single greatest decision I have made as a leader, appraiser and a business owner."
-Sam Louise, Standard Valuation Services
"The Chicago chapter of the appraisal institute is a wonderful resource for continuing education and appraisal networking. I look forward to the annual conditions of the market seminar every year."
-Susan Z. Ulman, MAI
"Joining the Chicago Chapter of the Appraisal Institute was a defining moment in my career and over time has converted my business into a professional firm. The appraisal industry is changing and building strong relationships with other professionals is essential to staying ahead. Nowhere else can you find better real estate valuation experts."
-Kenneth J. Mrozek, Jr., MAI, SRA
"The Chicago Chapter’s website is my go-to resource in finding appraisers for my firm. In addition to being able to post available positions, I also can take a look at appraisers who are seeking work. This is a great resource available to Appraisal Institute members and affiliates."
-Kent D. Steele, MAI
"Becoming a member of the Chicago Chapter of the Appraisal Institute provided me an opportunity to network, as well as, employment opportunities. The majority of my employment opportunities were due to membership and access to the CCAI website. The benefits are surmountable when it comes to membership discounts on courses, educational offerings, employment postings, scholarship opportunities, etc. The Chicago Chapter of The Appraisal Institute is a professional powerhouse for real estate appraisers and other professional organizations of real estate services."
-Barbara Neal
"I have found the instructors at the Chicago Chapter and the fellow members are extremely willing to help others in this profession to succeed. Their help extends beyond the classroom into ones daily business practice. The Chicago Chapter of The Appraisal Institute has provided me with the tools to help me be better prepared for the challenges facing our profession. CCAI has been and continues to be made up of people who recognize a need and are willing to work to fill that need to improve the organization or a fellow member, often at great sacrifice to their own to their own needs."
-John G McMahon, SRA, AI-RRS
"The local chapter has the most comprehensive and frequent CE and QE offerings available to appraisers. The Staff at CCAI always WOW's the membership in customer service."
-Keith Wolf, SRA, AI-RRS
"The Chicago Chapter of The Appraisal Institute provides one of the largest networks of appraisers in the US. To be a part of the Chicago Chapter has not only benefitted person growth but professional growth as well. I believe any company would benefit with working with the CCAI. With an extensive membership and networking opportunities there is no limit to the cross impacts between business. The CCAI values its members and looks out for their best interests. To be as successful as it has been year over year is a testament to the strength its community."
-Kenneth Konrath, MAI
"I feel honored to be affiliated with what I considered to be some of the best appraisers in the country. The Chicago Chapter of the Appraisal Institute keeps me up to date with issues and I stay informed of the changes in the profession, some I even had to privilege of participating in their development. The Chicago Chapter gave me a good foundation for my career and has sustained me as I near retirement. But, one of the most important benefits are the relationships I developed with other members of the Chapter that have created lasting friendships."
-Sharon Bagby, SRA
"The Chicago Chapter of the Appraisal Institute provides high quality professional education, industry support, interesting social events and chances to become involved and meet with other appraisers. If you are looking to expand your appraisal knowledge and network with other appraisers, the chapter is by far the best option."
-Keith Solomon, MAI
These scholarships are funded by the Chicago Chapter of the Appraisal Institute. To learn more about the Chicago Chapter of the Appraisal Institute’s Scholarships visit this site. To make a donation or if you have any questions please contact Sarah Walsh at sarah@ccai.org.
These scholarships are funded by the Appraisal Institute Education Trust (AIET). To learn more about the AIET, visit the Appraisal Institute Education Trust. Or visit the Charitable Entities section to make a donation. Please email educationtrust@appraisalinstitute.org if you have any questions.
Smedmore Montgomery Bernard, Jr., MAI
Abby C. Cain, MAI
Charles J. Crawmer, MAI
Marie-Danielle Faucher, MAI
Jacqueline L. Hujar, MAI, AI-GRS
Pedro Davi Jimenez, MAI
Salvatore A. Louise, MAI
Michael S. Lysien, MAI
Vytautas Norusis, MAI
Nina Audre Owen, MAI
Christy Simon Whitt, MAI
Jourdan E. Sullivan, MAI
Ibiyinka A. Aboyade-Cole, MAI, AI-GRS
Joseph E. Batis, MAI, AI-GRS
Robert D. Becker, MAI, SRA, AI-GRS
Joseph J. Calvanico, MAI, AI-GRS
Karen L Dabek, MAI, AI-GRS
Jacqueline L. Hujar, MAI, AI-GRS
Holly E. McQuestion, AI-GRS
John R. Yast, MAI, AI-GRS
Warren C. Grover, SRA, AI-RRS
The Chicago office of Integra Realty Resources, the nation’s largest independent valuation and consulting firm with Industry leading tools and technology is seeking a Commercial Real Estate Researcher to assist our office of commercial real estate appraisers with management of data used in the analysis of complex commercial real estate and production of commercial real estate appraisal reports. Position involves researching commercial real estate transactions, including sales, rentals and lease rates. The job requires working closely with commercial real estate appraisers internally and various external data sources, including third party data aggregators, real estate brokers, buyers, sellers and government agencies. Entering collected and verified data into Integra’s proprietary software and third-party software. Requirements include self-motivation with ability to work autonomously and as a team member, excellent organizational skills, time management and attention to detail. Solid understanding of Microsoft Word and Excel. Ideal candidate will have a background in real estate but not required. Potential for flexible schedule. This is a full time position with competitive compensation and benefits including insurance and 401K. Please send your resume to rdevries@irr.com.
Ron DeVries
rdevries@irr.com
Becoming a Principal Appraiser would allow you to be involved with the Chief County Assessment Office within local government, ranging from operational and communicative duties to serving as a representative of the department and the County. Your day will consist of managing various cases, utilization of a mass appraisal system, generating and distributing reports to up to 18 township offices, and complete special projects as assigned. You will have endless opportunities to impact and make a difference within Lake County. Being able to build working relationships with employees, 30 countywide departments and the public, is sure to keep you interested and continuously learning. In order to be successful in this role you should have a bachelor’s degree or equivalent experience. Individuals should first be a high energy teammate ready to collaborate with others, have a working knowledge of real estate, real property appraisal work, construction, or a related field, possess the ability to effectively problem solve, have the ability to communicate within the team and the public, and work both individually and in a team atmosphere. Requires Certified Residential Appraiser license in the State of Illinois and Certified Illinois Assessing Officer designation from the Illinois Property Assessment Institute. Assessing Officer Licensure.
Alyssa Juergensen
ajuergensen@lakecountyil.gov
Chicago Commercial Appraisal Group is a commercial appraisal firm that provides a wide variety of commercial Appraisals with an emphasis on ad valorem assessments in Cook County. We have 10 commercial appraisers including two MAI’s and are seeking to add another split fee appraiser. We prefer an experienced residential appraiser who is looking to switch to the commercial side of the business. Our ideal candidate is familiar with the south side of Chicago and southern Suburbs although they will appraise all over the Chicago Metro Area. Email resumes please. No phone calls.
Gary Peterson
GPeterson@commercialappraiser.com
Are you ready to join the industry’s most innovative appraisal team? Accurity United is the premier appraisal firm in the Chicagoland Area. Our knowledge, expertise, and high-quality appraisal services are unmatched. Positions Available: Full time state licensed trainee appraisers in Illinois, Indiana and Wisconsin Salary: $40,000 - $50,000 with bonus incentives Education: High school or higher Experience: Minimum 1 year Computer Skills: Basic to advanced (knowledge of TOTAL appraisal software is a plus) Job Skills: Writing, communication, attention to detail Job Responsibilities: Market data collection and analysis, property inspections, online status updating, workflow monitoring and customer support Benefits: Back office support, expert assistance with complex assignments, discounts on industry related products, employment benefits including health, dental, vision, life and 401K Accurity United was founded by Rick Hiton and TJ McCarthy, merging two of the oldest and largest appraisal firms in Illinois. We are a training and education firm passionate about providing professional growth and opportunities for our appraisers. Our goal is to assist and support our trainees as they work toward attaining a state certified license in real estate appraisal. Learn more about us at www.accurityunited.com Interested in joining our team? Contact us at tjmccarthy@accurity.com today!
TJ McCarthy
tjmccarthy@accurity.com
Please postrnSeeking new partner.rnrnOver 40 year established appraisal firm in Traverse City. Four-person firm seeking new blood for sake of continuity and stability. Ideal candidate will be a designated member or advanced candidate. Buy in is working capital only plus small amount for fixed assets. The two existing partners will continue working. History of income and expense available with NA. Michael Tarnow, MAI, SRA, AI-GRS 231.995.8828
Michael Tarnow
mtarnow@nmrec.com
I am seeking a Supervisory for Appraiser Trainee. I just received my license as Associate Real Estate Trainee Appraiser in the State of Illinois and I come from Venezuela where I graduated as a Civil Engineer and Real Estate Appraiser. Here in the USA I also got a license as Life Insurance Producer and I work as such since I arrived in this great country. I am currently a Practicing Affiliate of the Appraisal Institue and I have my goal focused on advancing my professional preparation in the Appraisal area and I am committed to putting the best of my professional training at the service of a company dedicated to Valuation in the State of Illinois, USA.
Kenic Navarro
kenicnavarro@gmail.com
I am seeking a mentor for Appraiser Trainee. I just passed the examination and although I am fairly new to Appraiser career, I have been Real Estate Broker for many years. I also completed numerous BPO's and PCR's. I am located in Niles, IL. Feel free to contact me at piotrg66@hotmail.com.
Piotr Ganatowski
piotrg66@hotmail.com
Since 1994, ICAP has been representing the interests of Illinois real estate appraisers in Illinois and on the national level. This is the 2021 membership drive. Please, renew or begin your membership.
ICAP-PAC, the appraiser's political action fund, collects contributions from members and uses those funds to support candidates for public office who are supportive of appraiser related issues
The Appraisal Foundation makes USPAP introduction, and standards 1-4 available in a free/searchable PDF
The webinar included a Q&A with Mario Treto, Jr. the Director of the DRE for the Illinois IDFPR and Brian Weaver the Real Estate Appraisal Coordinator of the Illinois IDFPR.
The Director discuss broad topics related to the Division of Real Estate including the impact of the Covid-19 pandemic, how new processes have improved the Department in terms of case load backlogs and processing times. The Director also discussed some of his priorities with regard to the upcoming changes to the Appraisal Act and AMC Rules. Brian Weaver (Real Estate Appraisal Coordinator) covered more detailed topics and what ICAP members should expect to see going forward from the Department.
The letter states that our nation is reflecting on important matters of racial justice and discrimination, and this dialogue includes matters involving real estate financing and economic development and that real estate appraisers play an undisputedly important role in real estate development and financing central to taxpayer protection, safety and soundness of financial institutions and the protection of consumers
Video created by Jason Burley
When looking for stat-of-the-art conference facilities in a convenient downtown Chicago loation, look no further thatn the Chicago Education & Conference Center. Located along the Chicago River on Wacker Drive, we have combined the art and science of hosting a business meeting or conference ensuring every event is a success.
The Art
When you walk down the marble-lined hallway you will find two sophisticated conference rooms, each surrounded with beautifully carved wood panels, 18 foot high ceilings and a full 1,750 square feet of meeting space with seating for up to 68. You will also be surprised to learn that by simply removing the soundproof dividing wall the two rooms can be combined for 3,500 square feet and seating for up to 136 participants.
The Science
In addition to our elegance, you will find state-of-the-art technology. Unlike most conference centers which charge you outrageous fees for equipment, these two conference rooms come complete with wireless internet access, computer data projection, audio and video conferencing, white boards, tablet PC's and document projection at no extra cost. We even include our on-site technology staff, ensuring your conference will proceed flawlessly.