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What impact will the Appraisal Institute Commercial Database have on the appraisal industry and Appraisal Institute members in particular?

April 26, 2017appraisal Commercial database impact Industry Institute members particular

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What impact will the Appraisal Institute Commercial Database have on the appraisal industry and Appraisal Institute members in particular?

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Technology and the expanding public real estate sector have dramatically affected the appraisal industry. Wall Street and Securitization demand different and faster data collection methods and analysis. Various data vendors have and will continue to try to develop information systems to meet this demand. However, the Appraisal Institute Commercial Database is the only information system that allows Appraisal Institute members to participate in establishing guidelines and standards for on-line data sharing. In so doing, Appraisal Institute members will be better able to control their destiny and remain at the forefront in the commercial real estate industry. …