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Member David Wilk, MAI, Assistant Professor of Finance and the Director of Temple University's Real Estate program, joins FOX 29 to discuss the city's property assessments.
THE PHILADELPHIA METRO CHAPTER WELCOMES YOU!
Our chapter mission is to serve as leaders in the real estate appraisal and consulting professions. We provide the highest quality education, publications and library for our members.
We also promote our top-notch professional credentials and designations: the commercial MAI and AI-GRS designations, and the residential SRA and AI-RRS designations.
We support students joining us and the growth of emerging professionals. We adhere to our national standards of practice and code of ethics to uphold the Public Trust.
We are qualified appraisal professionals available to help and advise you with your property assessment and other valuation needs.
We have up-to-date information on:
- The latest Chapter News
- Chapter sponsored Meetings and Events
- Educational offerings, including seminars, courses, podcasts, and special events
- Local employment opportunities for job seekers and employers looking to hire
- Real estate links and resources for appraisers and property owners
- Facts on the role of appraisals and appraisers and how to identify qualified appraisers
- Access to our LinkedIn for discussing opportunities, identifying challenges, and working on real problems faced by our chapter’s members, candidates, affiliates and the general public.
Want to apply for the Philadelphia Homestead Exemption?
Philadelphia Homestead Exemption information
Interested in pursuing the real estate appraisal profession?
Email us to get connected.
General Appraisal Questions (not about a specific property)?
Follow us the Chapter LinkedIN or email!
Newly Designated Members
Congratulations to our newly designated members of 2023! We would like to recognize the following members: Michael Samuels, MAI, AI-GRS and Michael Ramos, MAI . Congratulations!
Appreciation
Our previous Boards of Directors, Past Chapter Presidents, and our Executive Director deserve our appreciation and immense gratitude for their leadership and the hard work they have done on behalf of the Chapter. The 2024 Officers and Directors look forward to continuing this tradition of leadership excellence.
Jan
22
Wed
Jan 22 @ 8:30 am – 4:00 pm
***This is a Nationally developed seminar with approvals for most states. If you need CE Credits for lots of states outside our tri-state area, this is a great option for you!***
NEW SEMINAR!
This seminar introduces both residential and commercial appraisers to artificial intelligence (AI) and its applications in the appraisal industry. You’ll gain a solid understanding of the history of AI, its building blocks, and the reasons why AI is becoming increasingly essential in data analysis. It also dives into the concept of generative AI and its potential benefits for appraisers. Through examples and case studies, you’ll develop a working knowledge of tools such as ChatGPT, a cutting-edge generative AI model.
Jan
24
Fri
Board Meetings are open to ALL members of the Philly Chapter! This board meeting will be accessible via the Zoom and we encourage you to attend!
If you would like the Zoom link, please contact Tiffany Lewis at tiffany.lewis@appraisalinstitute.org.
Jan
30
Thu
Join fellow young appraisers in the area to network and socialize. We have a big year coming up and we definitely our younger generation pumped and ready!
Admission is free, and the first drink is on us! Please register to give us a better sense of #’s if you know you will be attending!
Apr
7
Mon
Apr 7 @ 8:00 am – Apr 12 @ 4:00 pm
Full Details on Course Registration Site.
This course synthesizes the three approaches to value, examines their applications, and helps you apply basic and advanced valuation techniques. Case studies teach you how to address common but complex appraisal issues, including a leased fee not at market rent, a proposed property, a property in a market not at equilibrium, and a subdivision. The course emphasizes the need to test the reasonableness of all the conclusions in an appraisal.
Note. This is primarily a synthesis course, not a review course. Like all advanced education courses sponsored by the Appraisal Institute, the course naturally reviews many concepts taught in previous courses. However, it includes some new material and does not include a complete overview of the other courses. Therefore, Advanced Concepts & Case Studies should not be considered an adequate review for the comprehensive exam. To prepare for the comprehensive exam, participants must review all four advanced education courses, as well as basic concepts from qualifying education for certified general real property appraisers.
Apr
28
Mon
Apr 28 @ 8:00 am – May 1 @ 4:00 pm
Course Description
After a diagnostic quiz on the six financial functions of one and a brief review, the course begins with a thorough treatment of discounted cash flow (DCF) analysis. Topics include identifying components of a DCF, projecting cash flows, analyzing leases, solving for value in a variety of common situations, and supporting the discount rate. The effects of debt financing, including cash equivalence and equity analysis, are covered in detail. Income patterns and property models, including residual and other applications, are followed by material on how to select and support the discount rate. Also presented are the strengths and weaknesses of direct and yield capitalization. The final section reviews and summarizes the mathematical concepts involved with income capitalization and prepares you for not only the course exam but also the certification exam.
Course Objectives
- Forecast incomes and expenses for a multiyear holding period.
- Forecast reversions for a multiyear holding period.
- Discount overall mortgage and equity cash flows to present value.
- Use yield capitalization formulas to calculate present value.
- Use data and sources to select and support risk-adjusted discount rates.
- Solve problems in lease analysis, risk and investment analysis, leverage, and subdivision analysis.
- Value partial interests.
Oct
6
Mon
Oct 6 @ 8:00 am – Oct 9 @ 4:00 pm
This course emphasizes how strong writing and effective organization of an appraisal report are as powerful and essential as solid analysis. You’ll develop skills and strategies to harness language so that your value conclusion is clear and convincing to the intended user. Developing a credible opinion of value is only part of the appraisal process. Reporting it effectively conveys the appraiser’s competence. A poorly written report diminishes the credibility of even the most competent research and analysis. An appraiser who can combine robust analytical skills with strong communication skills gains a compelling competitive advantage. Through instruction and practice, you’ll learn how to effectively communicate a sound valuation analysis. Discussions and writing exercises use a variety of property types and valuation scenarios to address common issues specific to appraisal report writing. Real-world examples allow you to apply writing concepts including organization, writing tone, integration of image-based content, coherent sentence and paragraph structure, and the revision and editing process. Extended writing assignments focus on common appraisal writing challenges such as explaining the derivation and application of quantitative adjustments, communicating data-dense analysis, presenting highest and best use analysis, and writing an appropriate scope of work.
Objectives:
- Identify the nature of appraisal reports and report requirements.
- Identify and apply principles of grammar, punctuation, and usage specific to report writing.
- Recognize and apply a variety of written communication tools and methods to best convey an assignment’s results.
- Identify the importance of the intended user when writing an appraisal report.
- Practice presenting appraisal analysis and conclusions clearly and effectively.
- Understand the interconnectedness of the appraisal process and how to achieve a consistent and coherent appraisal report.
- Identify strengths and weaknesses of image-based description in appraisal reports, and practice designing effective graphs and tables.
Oct
20
Mon
Oct 20 @ 8:00 am – Oct 24 @ 4:00 pm
Full details and description on Course
Explore advanced applications of the income capitalization approach. Discounted cash flow analysis provides the framework for much of the discussion of investment analysis concepts, emphasizing an understanding of the relationships among the various components of DCF, financial leverage, and risk analysis. Hands-on computer spreadsheet modeling techniques are illustrated.
Note. This course is in the Real Estate Analyst Professional Development Program. View this list of FAQs, which includes information regarding the courses you’ll need to complete the program successfully.
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Appraisers Can Help Themselves Mitigate Liability Risk, New Book Says
CHICAGO (Aug. 29, 2019) –Appraisers who take on a variety of valuation assignments can manage the risks associated with their work by taking realistic, effective steps, according to a new book published by the Appraisal Institute.
