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The Appraisal Institute, the nation’s largest professional association of real estate appraisers, announced today that the organization’s Practical Applications of Real Estate Appraisal program (AI PAREA) for the licensed residential path has launched broadly, and registration is now open.
Cindy Chance Named New Appraisal Institute CEOThe Appraisal Institute, the nation’s largest professional association of real estate appraisers, today announced that Cindy Chance has been named Chief Executive Officer.
Five federal agencies announced June 8 that they’re seeking public comments on proposed guidance to modify the reconsideration of value process for residential appraisals. The guidance addresses appraisal independence and responsiveness to consumers. Comments are due by Aug. 8.
Fed Cites Progress on Curbing Inflation, Wants Better ResultsInflation is cooling, but not fast enough for the Federal Reserve and it remains well above the central bank’s 2% target, Fed Chair Jerome Powell said June 14, The Associated Press reported. Powell noted that actions necessary to slow inflation, from lower apartment rents to slower-growing wages, ar [...]
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.
Arthur Murphy, III, MAI
Benjamin Slagter, MAI
Morgan Wiseman, MAI
Valentina S. Maljarenko, SRA
Andrew Voorheis, SRA
DaShawn A. Weaver-Drew, SRA
Alan R. Geerdes, MAI, AI-GRS
Full-time Shift Start Time: 8:30 A.M. Shift End Time: 4:30 P.M. AFSCME 3835 Posting Salary: $94,905 Organization: Cook County Elected Officials This is an AFSCME 3835 Bargaining Unit Position Job Summary Reporting directly to the Director of Valuations Research, the Interventions Analyst researches, reviews, and analyzes documentation to prepare written and oral defenses of the Cook County Assessor’s Office’s (CCAO) assessment value of properties within Cook County in appeals, as well as performing audits of appeal work, and various other research duties. In performing these duties, the Assessment Interventions Analyst ensures that the CCAO and Departmental policies are implemented appropriately and accurately in the valuation of property. The Assessment Interventions Analyst provides good customer service to CCAO staff, taxpayers, and other stakeholders. Essential Job Duties • Identifies Industrial and Commercial (I/C) properties that are likely to be appealed outside of the CCAO and prepares documentation and justifications for the CCAO valuation. • Works with the Director of Valuations Research to write appraisal rebuttals and to defend values in interventions to the Cook County Board of Review in written documents. • Assists other taxing bodies with documentation of CCAO valuation methodology. • Reviews and audits appeal work by CCAO (I/C) Valuations staff for accuracy and quality of narrative justifications; reviews outside appraisals for accuracy and quality; prepares recommendations and makes revisions to appeals as necessary. • Conducts other types of special assessments as assigned from time to time by the Director of Valuations Research. • Performs other duties and assignments, as required, to achieve the overall goals of the Valuations Department. • Meets designated assessment cycle deadlines. • Effectively responds to and follows instructions and directions in accordance with management objectives. • Applies CCAO policies and other applicable rules and guidelines to remain current and uniform with other CCAO departments. • Ensures accuracy and thoroughness in all assignments and completes work in accordance with the Valuation Department’s work standards. • Learns and implements new technology in a timely manner. • Works extended hours and overtime as needed. The duties listed are not set forth for purposes of limiting the assignment of work. They are not to be construed as a complete list of the many duties normally to be performed under a job title or those to be performed temporarily outside an employee's normal line of work. Minimum Qualifications • Bachelor’s Degree from an accredited college or university. • Five (5) years of full-time work experience in commercial property assessment, commercial property valuation, or commercial real estate appraisal, including reviewing appraisals. • Two (2) years of previous experience reading legal documents related to real estate, which may include leases, purchase and sale agreements, court motions, and foreclosure proceedings. Preferred Qualifications • Two (2) years of full-time experience writing appraisals and appraisal rebuttals. • Two (2) years of full-time work experience in the legal field, with a focus on real estate. • Certified General Real Estate Appraiser license, or previously held appraisal license. • Juris Doctorate degree from an accredited university. • Paralegal certificate from a training program approved by the American Bar Association, with a focus on real estate. • Proficiency with Microsoft Excel. Knowledge, Skills, and Abilities • Knowledge of CCAO policies, practices and guidelines or the ability to quickly gain such knowledge. • Knowledge of CCAO procedures related to CCAO operations, function, activities and the property tax system, or the ability to quickly gain such knowledge. • Knowledge of major commercial property types, and how they are valued. • Prior knowledge of the three approaches to value commercial real estate. • Ability to understand and develop arguments supporting the CCAO valuation methodology in collaboration with I/C analyst staff and management. • Strong interpersonal skills, especially the ability to argue and defend valuation methodology and calculations in meetings and official hearings, in person or in video conferencing. • Ability to interpret and evaluate outside commercially prepared property appraisals and the ability to prepare rebuttals of those appraisals. • Familiarity with mapping and aerial imagery technology, including Cook Viewer and other mapping software. • Ability to converse knowledgeably and communicate effectively, both orally and especially in writing, in meetings and one-on-one with both management level staff, I/C analyst staff, and outside stakeholders, for example legal counsel and taxing bodies. • Knowledge of basic statistics and research procedures. • Strong math skills. • Strong organizational and time management skills as required for managing multiple different projects and assignments concurrently. • Knowledge of materials, software, equipment, and procedures utilized by CCAO, or the ability to quickly gain such knowledge. • Ability to adjust to new techniques and procedures. • Ability to meet CCAO and departmental deadlines, production goals, and effectively utilize time with very limited oversight. • Ability to make analytical decisions in a timely manner. • Ability to coordinate and carry out instructions. • Must be computer literate, with skill and efficiency in entering and retrieving data, and have the ability to work with the internet, CCAO systems and databases, Microsoft Word and Excel. Physical Requirements • Visual acuity to review and edit written and electronic communications for long periods of time. • Repetitive use of hands to handle and/or operate standard office equipment. • Occasionally required to lift and carry up to fifteen (15) pounds of documents. ANNUAL SALARY: $94,905 GRADE: 21 This is an AFSCME 3835 Bargaining Unit Position https://cookcountyil.taleo.net/careersection/120/jobsearch.ftl?lang=en
Seeking a motivated and detailed-oriented individual to join a growing small business within the Commercial Real Estate industry. Responsibilities: • Independently conduct site visits and photograph various commercial properties throughout Cook County. • Research and draft market analyses for a variety of commercial property types. • Learn to independently draft appraisal reports for Industrial, Commercial, Office, Multi-family, and specialty properties. • Become acquainted with the legal aspects of the tax appeal process and the appraisal industry, while achieving and maintaining an appraisal license • Utilize appraisal software and Excel to produce high-quality appraisal reports Qualifications: • Possess or working towards a Bachelor’s degree in Real Estate, Finance, Economics, or other related fields • A strong interest in Commercial Real Estate • Be able to read and interpret basic income and expense statements. • Understand commercial lease types and the expenses associated with them. • An understanding of income analysis as it pertains to income generating real estate investments. • Mastery of MS Office Suite and SharePoint • Ability to meet stringent deadlines. • Organizational skills and the ability to work on multiple projects at once. • Professional written and verbal communication skills Perks: • Competitive pay (base-salary with bonus) • 401k and health insurance • Opportunity to grow and develop skills required for a career in Commercial Real Estate Appraisal (mastery of the property tax and valuation components of the commercial real estate sector) • Dedicated supervisor and team to facilitate career growth and aid in complex properties About MVS As a regional commercial real estate appraisal and consulting firm, MVS utilizes the latest technology and techniques to provide quick and accurate valuation services for a variety of clients across the Midwest. Property types include Class A multifamily high-rises, Class A office buildings, hotels, industrial complexes, golf courses, movie theaters, student housing, cannabis production facilities, shopping centers and malls, and single-tenant retail buildings among others. As such, no project is too cumbersome for our team. At MVS, we pride ourselves on our highly educated team that has knowledge to work on complex properties while also being able to learn and develop new techniques as the Commercial Real Estate industry evolves. Please Submit Resume and Cover Letters to: Terry Fallen, tfallen@mvschicago.com
Terry Fallen
tfallen@mvschicago.com
About the job Real Estate Analysis Corporation (REAC) located in the Commercial District of River North in Chicago, is seeking applications for an experienced appraiser (certified general appraiser or MAI appraiser) to appraise a variety of commercial property types. This position involves field and office work. About the Company REAC is a boutique full-service real estate valuation and consulting firm that was founded in 1977. For over 45 years, REAC has forged an untarnished reputation for ethical valuation and rigorous data quality standards, making REAC the preferred opinion of value for litigation purposes. Our team undertakes hundreds of assignments each year valuing all types of commercial and industrial properties including office buildings, hotels, shopping centers, restaurants, gas stations, movie theaters, bowling alleys, warehouses, industrial buildings, data centers and much more. Our clients range from Fortune 500 companies to local independent owners. Most of our appraisals are for property tax appeals; however, we also provide appraisals for sale purposes, financing, and review appraisals. We appraise properties throughout the United States. Location: Commercial District in River North, 440 N Wells, Chicago, IL 60654 (hybrid opportunity after training is complete). Appraisals are mostly for properties in the Chicagoland area, but some travel may be required to other areas of the United States. Responsibilities • Serves as a member of a commercial appraisal firm. • Learns and implements appraisal theory, methodology and processes. • Understands and clearly communicates, in writing and orally, basic concepts related to the valuation of commercial property. • Prepares research and documentation in defense of values. • Accurately and efficiently collects data to support analysis and valuation. Minimum Qualifications • Possession of a Certified General Real Estate Appraiser license. MAI designated appraisers preferred. • Must have car transportation for the performance of field work. • Must possess a valid driver’s license. • Must possess at least 3 years of experience in commercial appraisal work. • Minimum of an associate’s degree or 2 years college level coursework in business, finance, accounting, public administration, real estate or related field. • Ability to render identification and technical descriptions concerning structural features, construction methods. Additional Requirements • Exceptional customer service skills. • Experienced with Google Suite. • Experience on Slack, a collaborative application tool. • Experience with technology including ERP Software, desktop computer, and MS Windows and MS Office suite. • Ability to work in a variety of work schedules including compulsory work periods. Benefits • Health, vision, dental, disability insurance. • 401K retirement plan with employer match. • Continuing education and licensing fee reimbursement. • Hybrid work schedule. Next steps Please email your resume to Brad Braemer at brad.braemer@reac.com
Brad Braemer
brad.braemer@reac.com
Argus Cash Flow and Valuation Modeling MAI appraiser available to perform Argus valuation modeling. I have been using Argus for over 20 years and am very proficient. Fees are on a case-by-case basis and are a function of the project size, number of tenants, lease structures, abstracting, and overall complexity of the modeling. I also have the ability to analyze outputs and offer suggestions to improve the modeling. Please contact Andrew G. Bussen, MAI at abussen@bussencompany.com or (608) 310-7570 for additional information.
Andrew Bussen
abussen@bussencompany.com
I have appraised single family, 2-4 unit buildings, condo and coop units, land as well as field and desk reviews in Cook, DuPage, Kane, Kendall, Lake, McHenry and Will counties in Illinois for the past 22 years.
Joseph Ziegler
Barkingandnotnoing@gmail.com
Estimates of the number of missing homes vary widely, but one thing has become clear: While the housing supply shortage is a national problem, solving it is often a local one. In this report, Fannie Mae economists Kim Betancourt, Stephen Gardner, and Mark Palim examine the contours of housing supply for 75 major U.S. metropolitan markets in a way that might offer clues to addressing the housing supply crisis at the local level.
Read the full Housing research publication here .
Annual Report FY22 - Illinois Department of Financial and Professional Regulation Professional Regulation
NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members
September 2022 Fannie Mae Appraiser Update. In this edition, they explore the topic of competency. First, they focus on why competency matters and the important role appraisers have. Next, they dive into a discussion of how to gain and maintain competency. They also provide an update on the Appraiser Diversity Initiative (ADI) and introduce you to a few of the appraiser trainees who have been through the program.
Third Exposure Draft USPAP - July 26, 2022