14A — September 11 - 24, 2020 — Appraisal — M id A tlantic Real Estate Journal
www.marej.com
A ppraisal Southern New Jersey Chapter www.ai-snj.org Telephone 856-415-0281 • Fax 856-415-1952
Southern NJ Chapter to Offer NEW Timely Seminar The Southern NJ Chapter of the Appraisal Institute will hold a BRAND NEW 7-hour continuing education seminar on October 30th via Zoom. The seminar, “Rapid Response: Market Analysis in Volatile Markets,” is a timely answer to today’s appraising issues. “Offering education on Zoom gives anyone ANYWHERE a chance to take advantage of our great seminars,” said Southern NJ Chapter President Michael Descano, MAI. “We are happy to offer this seminar as soon as it became available, and hope people find it interesting and informative.” This year, COVID-19 has had significant impacts on the economy. Businesses have either cut back or temporarily closed, employees have been laid off, businesses are filing for bankruptcy, employees are working remotely, commercial activities, real estate and other non-residential activities are making plans for a recession. While the housing market is still strong, that could change overnight. The market is too dynamic now to rely on monthly, quarterly, or annual sales reports to support opinions on market health. This seminar will show you how to locate contemporary data for your clients and will show you how to rapidly and accurately read and report on market changes. Seminar objectives are as follows: • Discover why market value appraisals should include a market analysis. • Learn how to quickly extract, compile, analyze, and present data so that the intended user can understand it. • Learn how to be consistent with all parts of the report. • Recognize the terms appraisers commonly use in market analysis reports. • Understand why market in the term “market value” is required. • Recognize the concepts that will help differentiate between a neighborhood and a market. • Identify the pros and cons of various tools used by residential appraisers for market analysis. • Become familiar with statistical tools to support your opinion of market supply and demand as well as highest and best use. • Become familiar with local, statewide, regional, and national databases that will help you analyze supply and demand. For more information on this seminar as well as other educational opportunities, visit www.ai-snj.org or email lisamayweiss@hotmail.com. The Appraisal Institute is a global professional association of real estate appraisers, with over 17,000 professionals in almost 50 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org. The Southern NJ Chapter of the Appraisal Institute has over 150 members. We are the home to appraising professionals in the following counties: Burlington, Camden, Gloucester, Salem, Atlantic, Cumberland, Cape May, Monmouth, Mercer and Ocean. Our members perform a variety of services ranging from single family valuation to feasibility studies for regional malls and hotel- casinos. Whether it’s assistance on a home purchase or providing expert testimony for litigation, Appraisal Institute members are uniquely qualified to meet these needs. Visit www.ai-snj.org for more information on the Chapter.
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