As a risk management firm which has been serving real estate appraisers for over 20 years, we are in a relatively unique position in terms of offering suggestions how to improve the current residential real estate appraisal process. To offer some perspective, during our history we have had close to 20,000 appraisers as members of our risk management family and we have been actively involved in the resolution of close to 2000 claims brought against appraisers, both inside and outside of the courtroom. Furthermore, our management team has been around long enough to witness not only the most recent collapse of the real estate market, but also the all of the previous collapses dating back to the 1970’s.
July 2013 Blog Posts
In states such as California, it is well settled that real property owned by the government is exempt from taxation. See, e.g., Cal. Const., art. III, §3. What happens, though, when states lease public lands to private persons? One would assume (correctly) that such private possessory interests are taxed, but how and, more specifically, on what appraised basis? The recent appellate decision in Cal. State Teacher’s Ret. Sys. v. County of Los Angeles (2013) 216 Cal.App.4th 41 addresses these questions, particularly in the light of appraisals of private possessory interests on public land.
Here at FREA and ALIA, we believe in good and fair competition. We are well aware that we compete with many other companies to earn your business – and that we have to work very hard to keep it. So, we were surprised to learn recently that one of our competitors has been making false statements about our family of companies, saying that FREA is closing its doors and that ALIA’s prices for E&O coverage are inflated.
Every day we all engage in some form of marketing. For those in a service industry, the product being marketed is really you, the service provider, and this is especially true if you are running a small business or are a sole proprietor. So, the question really is how you can promote you more effectively. Here are a few simple tips which will help you get more business and make more money.