Appraisal Institute Removed Craig Steinley From Leadership After 3Hour Board Meeting The Organization Probably Won’t Survive Its Long Term Ethics Lapse The Vast Majority Of Membership Are Excellent Professionals Wronged By Leadership Silence [Apologies in advance, but there is so much content in this post that it might break the email by not loading all the graphics. To make it easier to read...
It's Been Four Days Since The NYT Piece, And The Appraisal Institute Sits On Its Hands The Appraisal Institute Is A Hotbed Of Sexual Harassment The Appraisal Institute Hid Fraudulent Test Scores The Appraisal Institute has been sitting on their hands since last Thursday, yet they are finally getting the attention they have long deserved. That bombshell New York Times article on the terrible...
Appraisal Institute Is The Perfect Comp For NAR’s Bad Behavior Former Appraisal Institute President Files Lawsuit Over Her Termination Missing Ethics In The Appraisal Industry’s Largest Trade Organization A while back, I wrote that the Appraisal Institute (AI) was the perfect comp for NAR's bad behavior. Today's blockbuster New York Times story Appraisal Trade Group Accused of Covering...
SeatTime Is The Primary Emphasis Of Real Estate CE Classes CE Classes Are A Cottage Industry That Likely Doesn’t Try To Protect The Consumer Professional Competence Should Be Rewarded, Not Punished I’ve always been a fast test taker. I can’t explain it, but in high school and college, I was always one of the first students to turn in my exams. I’m certainly not the smartest, as my grades would...
Appraisal Waivers Are No Free Lunch Data Cancer Is A Serious Problem Fannie Mae Is Going Rogue The ability to do an appraisal for Fannie Mae or Freddie Mac is getting rarer these days now that the GSEs are waiving appraisals on the majority of transactions. Despite drones being everywhere and the GSEs being in receivership, the latter is desperate for higher loan volumes to feed their origination...
NAR Is Toxic Entity Per DOJ Actions So The MLS Industry Is On Their Own Local Appraisers Need To Convey To Their MLS The Fields Needed To Fairly Value Purchase Prices Recorded Will Vary Significantly Based On How Commissions Are Handled Since the SitzerBurnett decision in 2023 and the NAR Settlement in 2024, the real estate brokerage world has been largely devoid of leadership. Multiple Listing...
• A Manhattan Townhouse At 34 E 62nd Street Exploded In A Divorce Proceeding
• Most Of The Value Is Found In The Land Because Improvements Depreciate
• The Property Was Sold And Resold Over The Years For Higher Prices
• A Brutal Murder Seemingly Had No Impact On The Market Value Of The Home
• Stigma Can Have A Fleeting Influence On Values If Supply Is Tight
• No Clear Understanding Why Some Communities Respond More Than Others
• TAF Was Created To Maintain The Appraiser Licensing Nomenclature
• Created By Congress, TAF Is A Not-For-Profit Without Oversight
• TAF Failed To Protect The Public Trust, Causing Appraisers To Disappear Soon
AVMs are incredibly inaccurate and are being misused in property valuation AVMs don't consider the condition of a home The mortgage industry's push toward automation has reduced valuation accuracy AVM or Automated Valuation Models have been incorrectly seen as the humanless way to value property. The technology has been drifting into mortgage lending reliance for more than a decade because it has...
The post 6-2025: Manhattan Months of Supply by Price first appeared on Miller Samuel Real Estate Appraisers & Consultants. [...]
![[Podcast] Episode 4: What It Means With Jonathan Miller](https://millersamuel.com/files/2025/04/WhatItMeans.jpeg)
Episode 4 is out! I touch on the 2 scandals coming out of the Appraisal Institute and more on tariffs. I spoke at a new development real estate event in [...]
