Thank You to Our
2024 Annual Sponsors!

Platinum Sponsor

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Bronze Sponsors

Colliers
Penn Center
Coyle&Lynch
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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:

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.

Oct
14
Mon
Advanced Market Analysis, Highest and Best Use @ Giant Community Center - Willow Grove
Oct 14 @ 8:00 am – Oct 18 @ 4:00 pm

Full Course information is available on the Registration Site

Other Notes:

Instructor:  Rick Carlile, MAI, SRA

Timing:  The course will run from 8 am to 4 pm.  Lunch will be on your own, but most students choose to either bring their own, or grab something from the hot bar in the venue.

Location-  Giant Community Center, Willow Grove –

This location is a meeting room above a Giant grocery store! You can actually enter through the grocery store or there is a side entrance specifically for the meeting rooms.

Plenty of free on-site parking and access to and from Center City via SEPTA Regional Rail station within walking distance.

Please email contact@aiphilametro.org for any other questions!

Nov
19
Tue
Becoming Proficient in Fractional Interest Valuation @ ZOOM
Nov 19 @ 9:00 am – 1:00 pm

Becoming Proficient in Fractional Interest Valuation

Register HERE

**Please Note**  We are offering this course at a minimal price for those interested in the topic.  For those that wish to t incorporate this into their business, instructor Dennis Webb ASA, MAI, FRICS does have an accompanying textbook and software.  These are NOT required for the course but encouraged to take the topic further.  These will be offered to purchase at a reduced price for those taking the course.  

 

Course information:

This seminar is about real breakthroughs in fractional interest valuation, as well as fundamental keys to successful multidisciplinary valuation assignments. It offers the appraisers who have a foundation in the income approach exactly what they need to understand, communicate and execute fractional interest valuations and gain their client’s trust; plus, emphasize their objective judgment, thereby proving their worth against the coming threats of AI and AVMs. The keys and resources you need to accomplish this are available to you in this eye-opening 4-hour seminar.

·        Part 1 – Fundamental Realities is about the real fundamentals of multidisciplinary valuation and the unfortunate roots of fractional interest valuation.

Learning objectives

1.     Know the fundamental challenges of multidisciplinary valuation

2.     Understand why machines cannot replace our “good” judgment

·        Part 2 – The Story of Shared Ownership shows you how intangible benefits create shared ownership in the first place, and how understanding those benefits will allow you to help your clients with buyouts and other market demands.

Learning objectives

1.     Become familiar with the lifecycle of fractional interest holdings.

2.     Recognize intangible benefits that have major effects on value.

3.     Assist client with partner and inter-generational buyouts.

·        Part 3 – Mastering the Method offers a view of the fundamental differences between real property appraisal methods and business valuation methods. We then follow a case, demonstrating how the income approach (2.0) is applied to the facts & circumstances of fractional interest holdings.

Learning objectives

1.     Learn how available methods connect with the partnership facts, or don’t.

2.     Understand how a familiar DCF model (2.0) works for fractional interests.

·         Part 4 – How You Can Do It Now briefly demonstrates PrimusPVX® online software that values fractional interests. The software’s dashboard guides the user through a carefully organized checklist of all of the facts and circumstances that are likely to be important for the holder of a fractional interest in real estate. It’s algorithm completely eliminates the need to build valuation models, while providing instant results for all input changes.

The result is that the valuer is free to focus entirely on the right questions to ask in all required valuation “languages,” and apply their judgment exactly where it matters in the valuation process.

Learning objectives

1.     Learn to ask the right questions, regardless of your disciplinary expertise.

2.     Incorporate the facts and circumstances of the case in your story of value.

3.     Discover how you can fit the scope of your work to your client’s needs.

4.     Become proficient in fractional interest valuation.

Attendees will have what they need to add fractional interest valuation to their real property practice, or to support their existing valuation practice with essential fact checklists and supplemental models.

Dec
3
Tue
Business Practices and Ethics @ ZOOM
Dec 3 @ 9:30 am – 4:00 pm

Join us on December 3 for our first statewide hybrid BP&E offering. Attendees can join via Zoom from the comfort of your own home/office, or in person in Lancaster.  The Western PA, Keystone and Philadelphia Metro. Chapters are teaming up to provide all the educational offerings you need.  

Tuesday, December 3, from 9:30-4 pm

This registration is for the ZOOM portion of the class.  If you’d like to take the course in person in Lancaster, email the chapter at contact@aiphilametro.org.

This is a ZOOM Classroom!  The ZOOM link will be emailed to registrants the week of the class.  Materials will be available to download in your AI Account.  Please have them downloaded before the beginning of class. Hard copies of the material can be ordered at the time of your registration.

If  you would like the in person option for this course in Lancaster, PA you can register here: https://www.appraisalinstitute.org/education/search/business-practices-and-ethics/523764

 

Please note:  100% attendance is REQUIRED for the course.  Attendance checks will take place throughout the class and students are expected to be on camera for the duration.  If this requirement is not met, credit will not be given.  This is to be treated as a classroom setting.

Virtual Regulations:  Students must have computer, webcam & microphone capability to participate & receive continuing education credit. The platform will be interactive and live. The instructor must be able to physically see and interact with all students and students must be able see and interact with the instructor. A copy of your driver’s license must be emailed to the Chapter office as verification after you have registered for the offering prior to the offering start date. You will receive a separate email from the Chapter Office with log-in/access information. You do not need a paid account from ZOOM to participate. If you are using your Ipad/Iphone/smartphone please download the ZOOM app prior to offering. Please check your webcam privacy settings on your computer. If you have a Lenovo laptop, you must have the Lenovo Vantage App installed on your computer for webcam to work.

Dec
9
Mon
Annual Holiday Party- Save the Date! @ Fogo de Chao
Dec 9 @ 6:00 pm – 9:00 pm

Save the Date for the 2024 Annual Holiday Party and Installation of Officers!

Registration opening in October!

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.

 

Click Here for Full Article