Alternative dispute resolution – including negotiation, mediation and arbitration – is a growing area in need of skilled real estate valuation professionals, according to a study published this week in The Appraisal Journal.

The Appraisal Journal is the quarterly technical and academic publication of the Appraisal Institute, the nation’s largest professional association of real estate appraisers. The materials presented in the publication represent the opinions and views of the authors and not necessarily those of the Appraisal Institute.

“Appraisers in Arbitration: What Areas of Service Might Valuers Provide?” by Paula K. Konikoff, JD, MAI, AI-GRS, outlines ways in which valuation professionals can apply their knowledge and experience as an expert valuation witness, arbitrator or consultant in arbitration. The article emphasizes the importance of clarifying the role of the valuer at the outset because each role connects to distinct functions, responsibilities and professional standards.

Read “Appraisers in Arbitration: What Areas of Service Might Valuers Provide?” in the Spring 2018 issue of The Appraisal Journal.

Also in The Appraisal Journal’s Spring 2018 issue:

“Alternative Measures to Improve Demand Forecasts,” by Emil Malizia, Ph.D., and Andrew Malizia, presents a dynamic method to adjust long-term economic forecasts for metro areas that are in flux. The adjustments provide a more accurate picture of local employment growth, which is tied to market demand.

“Using the Income Approach for Minority Interests,” by Dennis A. Webb, MAI, discusses methods of valuing undivided interests in real estate, specifically the discount for lack of control that applies for minority holdings in partnerships. The model presented in the article enhances existing approaches and bolsters partnership interest appraisals.