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 It is impossible for a man to learn what he thinks he already knows. (Epictetus)

 

 

As the end of a difficult year approaches, I think back to what was accomplished during the past "slow year" in the business cycle.  With the oversupply of downtime, most appraisers exclaimed what they need to do, what they should do, what they want to do; and sadly, most did nothing.  I have found that my key to keeping sharp in this industry is to continuously attempt to educate myself through various paths.  I interact here on Active Rain with other industry professionals, hoping to glean knowledge from others experiences, I also belong to numerous online forums (InlandCAAppraisersForum@yahoogroups.com, Total2000UsersGroup@yahoogroups.com, http://appraisersforum.com/) that provide idea sharing and the offering of recommendations to difficult appraisal issues.  In addition to peer knowledge, structured education is essential in gaining reliable and applicable knowledge.  Over the last 15+/- years of live courses with numerous appraisal schools ( Lincoln Graduate Center, McKissock Appraisal School, Bert Rodgers School of Real Estate, IFREC), I have found the Appraisal Institute to have the most consistent quality in both instructors and course framework.  

It finally appears that clients are now scrutinizing appraisers for both education and experience thus, the utilization of my extra time to pursue more education, has placed me above and beyond many of my local competitors.  Another added benefit I have found is that I avoid the procrastination game that many appraisers typically play as the cycle deadline approaches.  The Florida appraisal license cycle ends 11/30/2008 requiring 30 hours of continuing education including USPAP, FL Law, Roles & Responsibilities, and 17 hours of general electives.  Many appraisers will begrudgingly wait until September of 2008 to begin the dreaded CE courses. My path enables me to complete all that is required  which permits me to circumvent the mass rush to get everything turned into the state for renewal.  Yes, education is expensive, and in a down year may not be prudent for most.  On the flip side, if one treats this as a professional career, the expense could be offset with knowledge that can help expand your client base.

school 22

 

Knowledge is of two kinds: we know a subject ourselves, or we know where we can find information upon it.

 (Samuel Johnson)

 


Moving History in Oviedo, Florida
Robert Elfand, RAA
Rumblings in the darkness is beginning to become a familiar sound around the historical section of Downtown Oviedo. Last night, the continuing fight to save another piece of Oviedo history took place when the Spencer House was repositioned to it&…
Website for Real Estate Market Intelligence?
Robert Elfand, RAA
A colleague had recently urged me to take a look at Altos Research a real estate research company that produce real estate market trend reports. Altos claims to offer "Real Time Real Estate Research" for various MSA's that seemed to…
The public perception of the appraisal profession
Robert Elfand, RAA
Pick up a local magazine or watch the nightly news and you can usually find a blurb or sound bite regarding the current real estate market, more specifically how the appraisal fits into the process. The appraisal industry is suffering some of the…
Broken Promises should be a two way street
Robert Elfand, RAA
LSI A Fidelity Information Services Company has reiterated an attempt to sway appraisers to comply with the company's SLA (Service Level Agreement). Although we have limited experience with LSI (only WaMu orders) and have not worked with them…
First Large Scale Homebuilder files Chapter 11
Robert Elfand, RAA
I don't know where I have been, but I just read the story that Levitt and Sons filed for bankruptcy in Broward County, Florida on Friday. The builder listed assets of less than $1 million dollars and a debt load of over $100 million. They have…
Oviedo Mayoral Election Results
Robert Elfand, RAA
November 2, 2007 The Seminole County Supervisor of Elections has posted the final results in the election for Oviedo's Mayor. With eight of 8 precincts reporting: Mary Lou Andrews 1, 021 56. 9% Tom Hagood 702 40. 7% Although both of the candidates…
An Appraiser, just one notch below the mailman
Robert Elfand, RAA
"Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds" Over the length of my appraisal career, I have performed appraisal inspections during 100+ degree afternoons,…
Live Oak Reserve Stats
Robert Elfand, RAA
This is the continuation of the previous market analysis post on Oviedo Real Estate. These numbers are taken from the local MLS (as of 10/31/07) and do not include any FSBO or private builder transfers. The extracted figures and graphs help to…
Oviedo Market Stats
Robert Elfand, RAA
This week I wanted to show what what types of data that I look at each time I am asked to perform a residential property appraisal. I will typically include a graphic representation of these numbers in my reports as they tend to illustrate the…
 

Robert Elfand, RAA

Oviedo, FL

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Appraisal issues and opinions on both a national level and local happenings in the Central Florida real estate market.


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