12A — April 2025 — Appraisal Institute Southern NJ Chapter — M id A tlantic Real Estate Journal
www.marej.com
www.ai-snj.org Telephone 856-415-0281 • Fax 856-415-1952 Market Conditions Analysis in Residential Appraising Wednesday, June 4, 2025 3:00 – 5:00 pm (2 CE hours) Zoom Developed and Instructed by Jason A. Tillema, SRA, AI-RRS https://www.appraisalinstitute.org/education/search/market-conditions-analysis-in-residential-appraising-c-so-nj/524695 The Market Conditions Analysis session has become even more crucial in light of Fannie Mae’s recent policy updates. Effective February 4, 2025, Fannie Mae has introduced new requirements for appraisers, emphasizing the importance of thorough market analysis and time adjustments. This class is specifically designed to help appraisers meet these new GSE guidelines and will provide practical methods for developing value trends and corresponding market condition adjustments. Participants will learn how to: 1. Establish a minimum 12-month timeframe for deriving overall market trends 2. Differentiate between overall market trends and adjustments applied to individual comparable sales 3. Provide comprehensive market analysis supporting both the indicated overall market trend and market- derived time adjustments The session will also address Fannie Mae’s emphasis on the importance of analyzing comparable sales for changes in market conditions between the contract date and the effective date of the appraisal. Attendees will gain insights into acceptable practices for making time adjustments, including: • Utilizing home price indices (HPIs) • Using MLS data and reports • Conducting statistical analysis • Exploring other commonly accepted methods By participating in this seminar, appraisers will not only enhance their technical expertise but also ensure compliance with the latest GSE requirements. This event aligns perfectly with the Appraisal Institute’s commitment to providing quality education and upholding ethical standards in the appraisal profession. Don’t miss this opportunity to elevate your skills, deepen your understanding of the evolving appraisal landscape, and connect with fellow professionals dedicated to excellence in the field. VISIT www.ai-snj.org TO REGISTER!
2025 OFFICERS AND DIRECTORS President: Maria Nucci, SRA, AI-RRS Vice President: Meghan Linaris, MAI Treasurer: Deborah Tordella, MAI, SRA Secretary: Joshua Garretson, MAI, SRA, AI-GRS Past President: Sherrie Lisa Galderisi, SRA, AI-RRS Directors: Steve Bartelt, MAI, SRA, AI-GRS Michael Descano, MAI Danielle Fischer Lee Ann Kampf, MAI
Jerry McHale, MAI Errett Vielehr, MAI
2025 SNJAI Upcoming Education Visit www.ai-snj.org for more information Real Estate Finance, Statistics, and Valuation Modeling May 8-9, 2025 14 CE hrs + 1 hr exam Hampton Inn & Suites Deptford, 1253 Hurffville Road, Deptford, NJ 08096 Instructor: Vince Dowling, MAI, SRA
The Appraiser as an Expert Witness: Preparation &Testimony May 13-14, 2025 14 CE hrs + 1 hr exam Hampton Inn & Suites Deptford, 1253 Hurffville Road, Deptford, NJ 08096 Instructor: Vince Dowling, MAI, SRA
7-Hour National USPAP Continuing Education Course Thursday, May 15, 2025 Sign in at 8:15am; class starts at 8:30am
Zoom
Instructor: Brian Flynn, MAI, AI-GRS
PA Appraisal Statutes, Regulations & Board (Mandatory in your PA cycle!) Tuesday, June 3, 2025 Sign in at 8:15; seminar is 8:30-10:30am (2 CE hours)
Approved in PA
Zoom
Instructor: Mark Smeltzer, MAI, SRA, AI-RRS
New Jersey Appraiser Law & Regulations (Mandatory class in your NJ cycle!) Tuesday, June 3, 2025 Sign in at 10:45; seminar is 11:00am – 1:00pm (2 CE hours)
Approved in NJ
Zoom
Instructor: Susanne Curran, MAI, AI-GRS
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