Opening Pandora’s Box: The New Wild West of Appraisal Modernization

Date: May 10, 2023

Location:


Sponsor:
Washington DC Metropolitan Area Chapter
Contact:
Ms. Lewis
Phone:
(724)454-1596
Email:
tiffany.lewis@appraisalinstitute.org
Website:
http://www.appraisalinstitutedc.org/
Speakers:
Linne, Mark

     

Notes

This class will be held on ZOOM from 9-12:30 pm EST.

Please note:  This is a synchronous course held via ZOOM and will NOT take place in person.

100% attendance is required with working webcam and microphone. Students MUST be on camera for the entirety of the course.  Attendance will be monitored throughout. ZOOM Link will be emailed to all registrants the week of the course.

This course is put on by the AIDC Chapter.  Approved for 4 hours of CE for PA, MD, VA, and DC  only.


Synopsis:

 

This presentation will focus on the potential, risks, and opportunities that artificial intelligence, machine learning and blockchain technology offer to society in general and to valuation in particular.  The presentation will provide participants with an understanding of the progression of technology that ultimately culminates in progressive changes to the appraisal profession as a result.  Professionals face challenges from this new technology, but the presentation will focus on how appraisers can leverage their skillsets in a manner that ensures their successful transition into real estate analysts.  Details of the Spatial Web and the changes it will bring will also be examined with an overview of the potential of this provocative change. The last 1/3 of the seminar will focus on both re-engineering and appraisal modernization and the efforts by both Fannie Mae and Freddie Mac to change the current paradigm of the profession and change the manner in which appraisal are analyzed and completed for the GSEs.  Topics will include waivers, bifurcation and the impact of data standards and the new Uniform Appraisal Data set.

Additional Information

National Disclaimer

This Educational Program was developed by an outside party. The Appraisal Institute Chapter made arrangements for the Third-Party to offer the Program with the intent of addressing topic(s) based on a certain chapter or local need for such topic, solely educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program and does not endorse the Program or its content.

The content of this Program, including but not limited to any written materials and presenter comments, does not represent the viewpoint of the Appraisal Institute (defined as including but not limited to, the national organization, its Regions, Chapters, members, candidates, affiliates and staff) unless formally adopted by the national Board of Directors. Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program. The Appraisal Institute does not publish examination review materials. The content of the Program is subject to court decisions and local, state and federal laws and regulations and any such revisions of such laws and regulations.

This Program is presented with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting or other professional advice or services. Nothing in the Program is to be construed as the offering of such advice or services. If expert advice or services are required, attendees and readers are responsible for obtaining such advice or services from appropriate professionals.

State Credit

Please note that 100% attendance is required in order to receive any approved state credit or to be awarded AI CE points. It is imperative that you check with your state board for state approval information before completing registration.

Other Information

If you have a disability and require accommodation, please notify the sponsor at least two weeks in advance for reasonable accommodations to be arranged.

The Appraisal Institute reserves the rights to cancel, limit, or reschedule the program and to change instructor assignments and facility locations at any time.