Residential Schedule & Sessions    

Day 1 | Residential Track
Tuesday, September 24 | 8:00am – 12:00pm ET

Register Here for Residential Track

8:10 AM Appraisal Disputes and ROVs: Essential Knowledge for Appraisers
Adam Johnston | Candescent Capital Ventures
Appraisal disputes and reconsiderations of value (ROV) are a constant presence in real estate valuation. Increasingly, appraisal disputes and ROVs are escalating into licensing board complaints, lost business, and costly litigation. This session will explore recent regulatory and secondary market changes to the ROV process for mortgage lending and the impact of these changes on residential appraisers. Participants will learn about the typical processes employed by mortgage lenders in addressing appraisal disputes, changes needed to comply with recent regulatory guidance on ROVs, and the role of appraisers in resolving appraisal disputes. Lastly, we'll examine some examples of costly appraisal disputes, risks to appraisers, and tips for successfully responding.

9:00 AM It All Starts With Site Value
Timothy Andersen | Author, USPAP Instructor, Mentor, Teacher, and Podcaster
During the presentation, I will cover the topic that the value of real estate comes from the land, and all associated with it. The improvements to the underlying land merely contribute to its overall value. This presentation will also look at effective age, thus accrued depreciation, as a function of the market’s perception of any given property, rather than merely a function of the chronological age of any improvements. Given the appraiser can and must deduce and then extract effective age from market evidence, understanding the value of the underlying site is part of the process whereby appraisers avoid bias. Then, there will be some time at the end of the presentation for Q&A from the audience.

10:10 AM Artificial Intelligence
Jim Amorin, CAE, MAI, SRA, AI-GRS, CDEI, ASA | Author
I will present an overview of artificial intelligence, explaining what it is and the recent advancements made, particularly in machine learning and natural language processing. I will discuss how AI systems like ChatGPT and other large language models work. Next, specific AI applications and use cases relevant to the real estate appraisal field will be shown and demonstrated. An important section will focus on the ethical considerations around deploying AI in this industry, covering topics like avoiding bias in data and models, privacy concerns, transparency about using AI, and the need for human oversight particularly for high-stakes decisions like appraisals. Additionally, there will be time for an open Q&A where appraisers can ask about specific applications they're interested in or voice any concerns they have about rapidly advancing AI capabilities in their field.

11:10 AM Urban Appraisers Initiative
Julie Matteson McIntosh | Urban League of Central Carolinas’ Urban Appraisers Initiative (UAI)
The Urban League of Central Carolinas (ULCC) is a 46-year-old civil rights organization dedicated to economic empowerment, equality, social justice, and improving the quality of life for ALL underserved communities. It is an affiliate of the National Urban League Founded in 1910. The League works to close the equality gap by providing strategic programming and advocacy for quality education, stable employment, safe housing, and access to healthcare.

One of the signature programs is the Urban Appraisers Initiative (UAI), which focuses on how to provide solutions to address and rectify systemic biases in property valuations, ensuring fair and equitable assessments that support community investment and economic growth. The initiative is centered around increasing the number of diverse appraisers by identifying and incentivizing supervisors who are willing to help trainees meet the goal of becoming licensed.

I. Introduction (5 minutes)II. History and Mission of the National Urban League (10 minutes)
III. Programs and Services of the Urban League Central Carolinas (10 minutes)
IV. Introduction to the Urban Appraisers Initiative (UAI) (5 minutes)
V. Components of the Urban Appraisers Initiative (10 minutes)
VI. Impact and Success Stories (5 minutes)
VII. Challenges, Solutions, Future Plans (5 minutes)
VIII. Questions (10 minutes)
https://nul.org/
https://www.urbanleaguecc.org/
https://www.urbanleaguecc.org/urban-appraisers-initiative/