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Home | Daily Dose | National Appraisal Congress Launches, First Chairman Named
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National Appraisal Congress Launches, First Chairman Named

The Five Star Institute announced Monday the formation of the National Appraisal Congress (NAC). In response to a developing need for thought leadership and the promotion of best practices and execution, the NAC will serve as a collection of subject matter experts to foster collaboration in the real estate appraisal industry.

Jordan Petkovski was named the committee’s Chairman.

Petkovski has worked in the residential appraisal industry in various senior positions for more than 15 years. He currently serves as the Chief Appraiser for TSI Appraisal, a division of Title Source. Petkovski is a nationally recognized author and subject matter expert with respect to residential appraisal practices.

“I couldn’t be happier with the opportunity to serve,” Petkovski said. “Property appraisals are an important part of market valuations, and I’m looking forward to leading the NAC at a time in our industry where our profession is at the epicenter of stability and progress for housing and communities.”

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About Author: Colin Robins

Colin Robins
Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News' sister site.

One comment

  1. Avatar of Jim Moran

    The formation of the NAC is an excellent idea and Jordan Petkovski’s experience is a good fit.

    Market value is clearly the price a qualified buyer is willing to pay and a seller is willing to accept.
    Whereas, an appraisal is an assessment of an accumulation of points of statistical data reflecting value.

    During the past 5-10 years the advancement of home construction technology has improved so much that older homes have significant disadvantages from obsolescence, physically and technologically. It will be interesting to see how this aspect is addressed and incorporated into appraised valuations.

    Updating and renovating older homes is a very expensive proposition.

    The question becomes, how will this factor in to appraised valuations of older homes vs. new built.

    Krist Peetz (c) 2014

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