Category: RAC Leaders

RAC member Tom Allen elected to represent TAFAC on TAF Board of Trustees

RAC president Jonathan Miller spoke with RAC member Thomas E. Allen, SCRP from Oklahoma this morning (who is also first vice president and a former president of RAC). Tom mentioned that he attended the The Appraisal Foundation Advisory Council (TAFAC) meetings last Thursday/Friday in Washington DC and was elected to represent TAFAC on The Appraisal Foundation Board of Trustees next year.

Tom recalled that:

without RAC, this would never have happened. RAC has presented so many opportunities for me.

Congratulations to Tom for this achievement and for his leadership in RAC and the appraisal profession!

The Appraisal Foundation Advisory Council (TAFAC) is composed of 60 non-profit organizations and government agencies. TAFAC member organizations represent various professions and occupations with an interest in valuation including appraisers, home builders, real estate brokers, financial institution regulators, federal land acquisition agencies, the secondary mortgage market and the private mortgage insurance industry.

Customary and Reasonable Fees: The Elephant in the Room

Appraisal Buzz, Spring 2016Ernie Durbin

By Ernie Durbin, SRA, CRP, RAC Member

Wikipedia describes the metaphor “the elephant in the room” as, “an obvious truth that is either being ignored or going unaddressed. The idiomatic expression also applies to an obvious problem or risk no one wants to discuss.”

Somehow, recent events in the valuation space have deflected attention away from the elephant in the room, customary and reasonable fees. Real estate appraisers are resilient folks. They can adapt to change as well as any other professional. But like everyone else, they don’t want to do more work for less pay. Most of the issues facing the valuation space today point to one simple problem- customary and reasonable fees. It’s time to address this obvious problem and the risks that it poses to our industry.

Enjoy the full article here.

 

RAC Members Recognized by Worldwide ERC

RAC members Tom Allen, SCRP, and Craig Gilbert, CRP, SRA, have been recognized by Worldwide ERC and will be honored at the National Relocation Conference this week in Las Vegas.

Tom Allen, SCRP, has earned WERC’s 2015 Distinguished Service Award.  By earning this award he also achieves Senior Certified Relocation Professional status, and joins only 170 Worldwide ERC members who hold this designation.

Tom has been a member of RAC since 1995, and is RAC’s treasurer.  He started his real estate appraisal and consulting firm in Tulsa, Oklahoma in 1971.

Craig Gilbert, CRP, SRA, has been awarded Worldwide ERC’s 2015 Meritorious Service Award.  Craig was previously awarded the President’s award for development of the 2010 WERC relocation appraisal report.

Craig is one of the founding members of RAC, and serves on the board of directors.  He has been an active appraiser since 1975.  His firm is located in Huntington Beach, California.

Joseph T. Sodano: RAC Appraiser As Entrepreneur

RACsodano

Many members of RAC are entrepreneurs, breaking out on their own to startup an appraisal practice. One of our distinguished members, Joseph T. Sodano SRA, SCRREA, SCRP who covers the counties of Morris, Union, Essex, Somerset and Hunterdon in New Jersey, has launched Sodano Appraisal Services, LLC.

As a relocation industry thought leader, Joe has been providing relocation appraisal services since 1977, earning his SRA in 1983 and his SCRP in 2013. He was awarded WERC Distinguished Service Award 2014. His professional accomplishments are too numerous to place in the blog.

Please email Joe and wish him well!

RAC goes Hollywood, conveying what we are all about

Ok, not Hollywood. But we’ve got a story to tell.

Over the past several years it has become apparent that RAC needed to get the message out: not only are our members the best relocation appraisers in the business (we literally wrote the book on relocation appraisal), but our members are the best residential appraisers in North America. With the significant depletion of experienced, high quality appraisers since the onset of the financial crisis, RAC members fill the void by specializing in complex residential properties including relocation, litigation support, testimony and reviews.

We really want you to know that.

The video project was spearheaded by RAC member and former president Jim Goodrich with help from members Suzanne Bloyed and Jonathan Miller – and invaluable contributions from current RAC president Michael Cook. The presentation conveys who we are and the benefits of becoming a member of RAC.

– Exposure to new clients and new sources of business
– Aligned with a highly regarded appraisal brand
– Interaction with well experienced residential appraisers
– Education opportunities including conferences and events
– Leadership opportunities to help professional growth
– and many more…

RAC Board Member Ernie Durbin, SRA, CRP Named to Appraisal Practices Board (APB)

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RAC member Ernest “Ernie” Durbin, SRA, CRP, was elected for a three year term to the Appraisal Practices Board of the Appraisal Foundation.

The Appraisal Practices Board is described on the Appraisal Foundation web site as follows:

The APB was officially formed by The Appraisal Foundation Board of Trustees on July 1, 2010. The APB has been charged with the responsibility of identifying and issuing opinions on Recognized Valuation Methods and Techniques, which may apply to all disciplines within the appraisal profession. The APB will offer voluntary guidance in topic areas which appraisers and users of appraisal services feel are the most pressing.

Ernie is also on the RAC board of directors and a never-ending resource of new ideas to RAC members and the industry in his quest to help appraisers become more efficient, making his election to the APB a perfect fit.

CONGRATS ERNIE!

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With A Membership of the Best Real Estate Appraisers in North America…

MSC Poitrait 2-2014

You can’t enable change in an organization without a strong leader. RAC has one in Michael Cook, our current president.   Like the predecessors in his position, Michael is a successful and experienced appraiser who was drawn to RAC for many of the same reasons many long time members were:

I am a member of RAC for two reasons. I like being associated with the best residential appraisers in the nation and I like the opportunity it provides me to learn from them and the organization.

RAC’s collective knowledge is an essential asset in a world where high quality appraisal expertise is becoming harder to find.

RAC members have adapted and are now utilizing their appraisal expertise for more than relocation appraisal. Their services now include the valuation of complex residential properties, litigation support, testimony and appraisal review. This expansion of our membership’s services offers our members and future members more learning opportunities. It also affords RAC the opportunity to be of service to a variety of other users of valuation services.

Here’s the full story.

We look forward to Michael’s leadership in 2014!

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