April 2024

6B — April 2024 — New Jersey — M id A tlantic Real Estate Journal


www.ai-snj.org Telephone 856-415-0281 • Fax 856-415-1952

SNJ AI UPCOMING EVENTS Desktop Appraisals (Bifurcated, Hybrid) and Evaluations Monday, June 3, 2024 ZOOM (7 CE hours) Check in begins at 8:15am; class starts at 8:30am Instructor: Mark Smeltzer, MAI, SRA, AI-GRS NO DOUBT ABOUT IT, DESKTOP APPRAISALS ARE HERE TO STAY. Recently released by Fannie Mae, after March 19, 2022, loan case files meeting certain requirements will receive the option to obtain a desktop appraisal reported on Uniform Residential Appraisal Report (Desktop) (Fannie Mae Form 1004 Desktop). As the world changes, so do processes and methods used in many businesses including the appraisal profession. While alternative appraisal services like bifurcated, hybrid, and desktop appraisals and evaluations aren’t new, they are becoming more popular. Many appraisers are uncertain about the general requirements of each service, how appraisal standards might apply, and how these services might create liability. You’ll gain more clarity about the different services being requested which will help you to decide if these services are for you. It will review the expectations of alternative appraisal services, potential uses, appraisal standard implications, scope of work, and liability concerns as it applies to residential and commercial assignments. And it will review evaluation formats and the business opportunities for them. FOR REGISTRATION, VISIT: www.ai-snj.org

2024 OFFICERS AND DIRECTORS President: Sherrie Lisa Galderisi, SRA, AI-RRS Sherrielisa43@aol.com Vice President: Maria Nucci, SRA, AI-RRS sjappraisalassociates@gmail.com Treasurer: Meghan Payne, MAI Mpayne@capvalpartners.com Secretary: Deborah Tordella, MAI, SRA Dptordella@gmail.com Directors: Steve Bartelt, MAI, SRA, AI-GRS Danielle Fischer Lee Ann Kampf, MAI Jerry McHale, MAI Kathy Turley Errett Vielehr, MAI Past President: Robert Klein, MAI, AI-GRS

The Appraisal Institute is helping lead an Appraiser Diversity Initiative with Fannie Mae, Freddie Mac, and the National Urban League. The Appraiser Diversity Initiative is the premier nationwide program designed to attract new entrants to the real estate appraisal field while fostering diversity in the profession. Working through the National Urban League's Regional Entrepreneurship Centers, the Appraiser Diversity Initiative is designed to reach diverse, talented candidates and educate them about the appraisal profession; provide resources for interested candidates to help them get on a path to success; and offer guidance from appraisers employed by Fannie Mae and Freddie Mac. Find more here: https://www.appraisalinstitute.org/advocacy/appraiser-diversity-initiative

RESIDENTIAL ROUNDTABLE 2024 THURSDAY, MAY 2, 2024 Bonesaw Brewing Company, Lager Loft,

570 Mullica Hill Rd, Glassboro, NJ CHECK-IN BEGINS AT 12:45 PM Register Here: tinyurl.com/3k6d6rua

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