How will the Commercial Database impact the appraisers role?
More and more appraiser assignments are coming from distantly based clients. Because it will be a true national database, the Commercial Database will enable appraisers to connect with those non-local clients as the “local market expert”. Second, because they will have real-time access to comparable data, appraisers will be able to analyze real property at the speed of business. Third, the Appraisal Institute Commercial Database will free up appraisers time so they can expand their skills into complementary areas traditionally served by economists, property managers, land-use specialists and segments of the brokerage community. …
