As many U.S. homeowners begin receiving their property tax bills, the Appraisal Institute today offered suggestions to potentially make the tax appeal process easier, such as working with one of the organization’s Designated Members to learn about the local appeals process and to discuss options.
Craig Steinley to Become President of Appraisal Institute on Jan. 1Craig Steinley, MAI, SRA, AI-GRS, AI-RRS, of Rapid City, South Dakota, will begin his one-year term as president of the Appraisal Institute on Jan. 1. The Appraisal Institute is the nation’s largest professional association of real estate appraisers with over 16,000 professionals in almost 50 countr [...]
With cap rates and interest rates expected to peak later this year, the opportunity to buy real estate assets at lower prices likely won’t last long, according to CBRE’s H2 2022 Cap Rate survey, GlobeSt.com reported March 14. CBRE expects federal fund rates to surpass 5% this year and drop to about [...]
FHFA Delays Fee for Buyers with Higher Debt-to-income RatiosThe Federal Housing Finance Agency on March 15 announced that it will delay by three months the implementation of the DTI ratio-based fee, which is a new upfront fee for Fannie Mae and Freddie Mac borrowers with higher debt-to-income ratios. The fee has been controversial amongst some industry group [...]
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.
Robert M Kruse, MAI
Michelle Sae Lee, MAI
Benjamin Slagter, MAI
Valentina S. Maljarenko, SRA
Andrew Voorheis, SRA
DaShawn A. Weaver-Drew, SRA
Alan R. Geerdes, MAI, AI-GRS
As the Appraiser for the Army Corps of Engineers, Detroit District, Real Estate Division, studies and analyzes appraisal reports for adequacy and relevancy of data, technical accuracy, compliance with appraisal practices, and adherence to policies and procedures. For more information please go to https://www.usajobs.gov/job/705267700
About the position Real Estate Analysis Corporation (REAC) is seeking applications for a trainee appraiser to appraise and/or assist in appraising a variety of commercial property types. At REAC, all appraisers are trained to complete the entire appraisal process from beginning to end. Our staff includes MAI appraisers and certified general appraisers who will train you and assist you in obtaining the hours needed to obtain your certified general appraiser license. This position involves field and office work. Location Location: Commercial District in River North, 440 N Wells, Chicago, IL 60654 (remote/hybrid opportunities after training is complete). Appraisals are mostly for properties in the Chicagoland area. Benefits • Health, vision, dental, disability insurance. • 401K with matching program. • Assistance in your education fees needed to obtain your certified general appraiser license. • Continuing education fee reimbursement. • Hybrid work schedule. Essential Job Functions • Serves as a member of a commercial appraisal firm • Learns and implements appraisal theory, methodology and processes. • Understands and clearly communicate, 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 Qualification Requirements • Completion of coursework for the Associate Real Estate Trainee appraiser license • Must have car transportation for the performance of field work. • Must possess a valid driver’s license. • Bachelor's degree in finance, accounting, public administration, real estate or related field. Additional Requirements • Exceptional customer service skills • Experienced with Google Suite • Experience on Slack, preferred • Experience with technology including desktop computer, and MS Windows and MS Office suite. • Strong math and numerical analysis skills. • Ability to work in a variety of work schedules including compulsory work periods. Knowledge and Skills • Ability to establish and maintain effective working relationships with fellow workers, outside agencies, and the general public. • Ability to work with a team and collaborative environment. 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. Please send your resume and cover letter to Brad Braemer at brad.braemer@reac.com
Brad Braemer
brad.braemer@reac.com
Wintrust Financial is seeking a licensed Certified General Real Estate Appraiser to join our expanding team of Commercial Real Estate reviewers. The position entails conducting formal/written technical appraisal reviews for due diligence purposes on CRE located nationwide. This includes existing, proposed new construction, redevelopment, and adaptive reuses of multi-family, mixed use, office, industrial, retail, senior housing, special purpose, senior housing and going concern property types. A solid understanding of bank financing, components of an appraisal, regulatory compliance requirements and hands-on real estate experiences are desired attributes. The successful candidate will have expertise in DCF analysis & an extensive valuation background. The position may include formal review of various types of Environmental Assessment reports (Phase I ESAs) after requisite training. This is NOT an entry-level position, although bank and environmental review experience is not mandatory. Demonstrated technical writing/communication skills are requisite for interaction with internal lending and credit colleagues, including expertise in dispute resolution. We offer a supportive Team approach with tools needed for the successful candidate. We offer a flexible hybrid working environment (50% in-office/remote), annual bonus program, and support for CE and dues. This is not a fully remote position, although we expect to relocate our current offices to Rosemont in 2Q2023. Holidays, weekends and personal time is yours to have along with great benefits. Contact me for more information and how to apply.
Holly McQuestion
hmcquestion@wintrust.com
Open to Public, www.usajobs.gov/job/697329900 Open to Federal employees, www.usajobs.gov/job/697329200 The General Services Administration (GSA) Public Buildings Service (PBS) The Office of Real Property Utilization and Disposal, is Hiring for a GS-1171-13 Appraiser/Realty Specialist. The position location is Boston, MA Area GSA is one of the most desired workplaces in the government, consistently rated as one of the top ten Government agencies in employee satisfaction. GSA offers a comprehensive federal employee benefits package and an environment that supports a healthy work-life balance, and competitive compensation with performance awards. As an Appraiser you will serve as consultant/advisor for the national real property disposal program, developing and coordinating appraisal strategy and policy with leadership and regional disposal appraisal staff. Oversee appraisal services for the national real property appraisal program that pertain to the disposal of real property, related personal property, and machinery and equipment, and include appraisal review, consultation, feasibility studies, and market analysis. As a real estate specialist conduct federal real estate transactions of unique and valuable excess federal properties, under laws, rules and federal regulations governing real estate. This position is an exciting and dynamic opportunity primarily in support of the federal government’s sale and disposition of federal real estate. The position will appeal to skilled candidates who enjoy challenges and thrive in a fast-paced real estate environment. Control and manage the valuation federal real estate sales function primarily for locations and property within the states of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, New Jersey, New York, Puerto Rico, Virgin Islands, Illinois, Indiana, Minnesota, Michigan, Ohio, Wisconsin. A vast portfolio of diverse property types will be valued from office buildings, historic properties, military bases, multi-family housing, aircraft hangers, large rural acreage, warehouses, lease fee & lease hold positions, Etc. Work will typically be accomplished through contracting with local real estate experts/appraisers working with selected experts to ensure valuation reports are developed to professional standards and statutory requirements, quality control will be conducted by the selected candidate for the valuation program. The position requires superior communication skills, valuation skills developed from private sector and public sector experience. To be considered all applicants will need to meet the basic eligibility requirements and the specialized experience. The specialized experience requirement is one year of specialized experience equivalent to the GS-13 level or higher in the Federal service. Specialized experience is experience preparing, reviewing, and analyzing complex and varied real estate appraisals for industrial or commercial and multipurpose properties, and structuring complex federal real estate transactions. In addition, all applicants must meet the Selective placement factors. To be considered you must hold and maintain a valid State Certified General Appraiser's License (Any State). A photocopy of this document must be provided at the time of application. The position location is Boston, MA. The starting range based on locality for this position is $124,283 at the GS-13/1. All applicants must submit a complete online application including any required documents prior to 11:59 pm Eastern Time on the closing date of the announcement. Please Apply through USAJOBS through the link below Open to Public, www.usajobs.gov/job/697329900 Open to Federal employees, www.usajobs.gov/job/697329200 Thank you for your interest in working for the U.S. General Services Administration!
This is a position of the senior appraiser in an IRS district office with responsibility for appraisal projects that are highly complex and controversial. Functions as a technical authority on issues requiring the application of new theories and standards to appraisal problems: not susceptible to treatment by accepted and established procedures; or no accepted or established appraisal procedures exist. The following are the duties of this position at the full working level. If this vacancy includes more than one grade and you are selected at a lower grade level, you will have the opportunity to learn to perform these duties and receive training to help you grow in this position. Performs unique, often controversial, and precedent setting appraisals of real and personal property where the appraisal will have significant tax impact, affect large segments of taxpayers, and will involve intense public scrutiny, with potential to affect legislative change. Provides expertise to government attorneys on cases with probable litigation potential. Serves as expert witness in U.S. Tax Court or U.S. District Court. Personally performs appraisals and reviews appraisals prepared by recognized experts and authorities in the industry and other valuation specialists in the group. Conducts conferences with taxpayers, representatives, and experts to explain findings which are often vigorously contested. Prepares appraisal reports which represent the Service's position and documents conclusions with accurate facts and arguments for unagreed issues. Examines and appraises extensive property holdings in estate portfolios of prominent, recognized business, entertainment and industry leaders often widely publicized and intensely scrutinized. Serves as a team member on CEP and large business examinations. Identifies and develops significant issues which may be unusual and unique, subject to interpretation and may be adopted as the Service position in all similar cases. Issues are often complicated by numerous layers of related corporations and partnerships, self serving contracts and legal agreements, creative financing and conflicting economic or business options and alternatives. Observes and studies materializing trends in the appraisal industry and promulgates the application of emerging theory and methodology to affect changes in Service practice and policy. For more information, please go to https://www.usajobs.gov/job/683063900#duties
J2C Valuation is growing! We are looking for a GC Licensed appraiser to join our team. Compensation is commensurate with experience. Free health insurance. Remote working.
Joseph Calvanico
joe@j2cvaluation.com
Looking to join an amazing Appraiser Team as an Analyst/Trainee! I have years of professional experience in business banking, consulting, lending, etc. which I am determined to carry over to the appraisal industry. I am newly licensed in Illinois as an Appraiser Trainee and I can assist you with financial analysis/market data for client-facing documents and presentations while also analyzing market rates, expenses, comps and trends. Let's connect now before things get too busy (and you NEED someone like me on your team!) Teresa Blomquist 773-517-3157
Teresa Blomquist
teresablomquist@icloud.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
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.