Worldwide ERC® and RAC announce the Winner of the 2021 Relocation Appraisal Report Writing Contest
Michael S. Cook, MAI, SRA, McKinney, TX
On Friday, September 17, 2021, Worldwide ERC®, the international workforce mobility association, and RAC, a premier organization providing valuation solutions for relocation and complex residential properties, announced and congratulated the winner of the 2021 Relocation Appraisal Report Writing Contest.
The appraisal reports were redacted so that the judges, who were report reviewers from relocation companies and appraisal management companies, did not know the identity of the contestants. The redaction was also done to protect private information about the subject properties.
Each section of the report was evaluated for the following:
Completeness (whether all necessary information was included, and if exhibits were useful and comprehensive)
Clarity of communication (descriptions were required to render a good understanding of the elements being defined, in complete sentences with appropriate grammar)
Thoroughness (whether the appraiser researched all of the important market factors that impact the analysis)
Internal consistency (ensuring that the facts presented in the report led to the conclusions and recommendations expressed by the appraiser)
Complexity of the assignment (determining if the report identified and communicated unique marketing challenges, and offered adequate justification for adjustments for unique/unusual challenges)
Since 1964, Worldwide ERC® has been committed to connecting and educating workforce mobility professionals across the globe. A global not-for-profit organization, we are headquartered in Washington, D.C., with offices in London and Shanghai, and are the source of global mobility knowledge and innovation in talent management from Europe, the Middle East and Africa, to Asia and across the Americas. For more information, visit www.WorldwideERC.org.
Founded in 1990, RAC continues to be the premier appraisal organization whose members focus on complex residential properties for relocation, litigation support, testimony and reviews. RAC Members provide valuation solutions, benchmarks and insights to enable their clients to make informed decisions. The organization is comprised of the best residential appraisers in the U.S. and literally wrote the book on relocation appraising. Please visit www.rac.net for additional information.