s
10
Growing Business in a Down Economy
By Phil Britt
Most economists don’t expect the economy to turn
around until the second half of the year. Until then,
savvy appraisers can still expand their businesses
through improved marketing efforts, industry rosters
and referrals as well as diversification of their core
practices.
15
2009 Regulation Outlook
By Bill Garber, director of government and external relations
This year will likely begin a new era of regulation of
the mortgage sector, including potential changes to the
appraisal regulatory structure, economic stimulus and
plenty of opportunities for professional appraisers.
17
HVCC: What Does It Mean to Appraisers?
By Aaron Hultgren, communications specialist
The release of the Home Valuation Code of Conduct
has generated strong reaction in the appraisal community. Valuation asks residential appraisers to comment
on how “the Code” will affect their business, appraisal
quality and the industry as whole.
PUBLISHED BY THE APPRAISAL INSTITUTE VOL. 14, NO. 1
Pg. 25
Pg. 20
Pg. 35
20
Matter of Opinion
By Stephanie Coleman, MAI, SRA
The large number of recent foreclosures has prompted the need for
BPOs, leaving many appraisers in
a position to expand into offering
price opinions. Coleman provides
answers to appraisers’ most pressing
questions.
DEPARTMENTS
5
Behind the Scenes
By Adam Webster, executive editor
6
On Point
By Appraisal Institute President
Jim Amorin, MAI, SRA
8
Appraisal Industry Headlines
25
It’s Your Business:
Survival Skills
By Jay Arthur
28
It’s Your Business:
Social Networking
By Danielle C. Leitch
32
Cool Tools: iPhone
By R. Wayne Pugh, MAI
35
Profiles: Charitable Chapters
By James Sobiesczyk
40
Appraisal Institute News
42
Economic and Market Indicators
44
Valuation Marketplace
and Ad Index