The new “ABC’s of the Appraisal Business” is designed to inform students of changes occurring in the appraisal industry that are impacting their day to day business. Recent events have created a generational change in the appraisal industry. These events include the sub-prime mortgage meltdown, the collapse of financial markets, the transformation of the banking business and the impact all of these events have on the day to day appraisal business.
The seminar starts with a background of the appraisal business and brief history of the real estate industry to help students understand the appraiser’s role today. This includes the development of the government sponsored enterprises (GSE), Fannie Mae and Freddie Mac, and their impact on the appraisal business. The Home Valuation Code of Conduct (HVCC) is discussed in great detail so that students will know exactly what the HVCC is and is not. Many of the facts and myths of the agreement are discussed in the class. The session includes an in-depth conversation on Appraisal Management Companies (AMC). The attributes of good AMC’s and not so good AMC’s are covered as well as suggestions the students might want to consider as they deal with AMC’s. There is also a discussion of legislation that is being proposed that would include the regulation of AMC’s. Finally, the class will learn about recent appraisal-related developments at the National Association of Realtors (NAR) and the Appraisal Foundation.
The course is made available by Joseph C. Traynor, President of Traynor & Associates. Mr. Traynor is a licensed and certified residential appraiser in Indiana. Mr. Traynor has taught real estate and appraisal courses for the Metropolitan Indianapolis Board of Realtors (MIBOR), the Indiana Association of Realtors, the Fountain Warren County Board of Realtors and the Real Estate Careers Institute. Mr. Traynor has also taught for the Wisconsin Association of Realtors, The Indiana Bar Association and the National Association of Realtors (NAR). Mr. Traynor is a member of the NAR and served as the 2003 Appraisal Chair. Mr. Traynor is also the 2010 vice chair of the Appraisal Foundation
Organizations interested in offering this training should contact Mr. Traynor at 317.813.4990 or email@example.com.