The Montana Chapter Welcomes You!

The Montana Chapter is part of the Appraisal Institute, a global professional association of real estate appraisers, with nearly 19,000 professionals in almost 60 countries. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS, and AI-RRS designations. Learn more at appraisalinstitute.org.

Click here to find a professional Montana Real Estate Appraiser
(Montana Real Estate Appraisers with education beyond the minimal requirements for obtaining a license to practice as a Montana Real Estate Appraiser!)


current Montana mapping and real-time data tracking of Covid-19 Pandemic:

Covid 19 in Montana for Montana Real Estate Appraisers          Montana Governor, Steve Bullock, issued a
Directive implementing Executive Orders 2-2020 and 3-2020 and providing guidance
for the phased reopening of Montana and establishing conditions for Phase One” on April 22, 2020.

On March 28, 2020, the U.S. Department of Homeland Security, Cybersecurity & Infrastructure Security Agency, issued a Memorandum on Identification of Essential Critical Infrastructure Workers During COVID-19 Response.

Montana Real Estate Appraisers ARE INCLUDED in the list of “essential businesses and operations” during the implementation of these executive orders.

MT Governor Bullock announcement to implement phased reopening of Montana as of 5-6-2020.

MT Governor Directive of 3-26-2020 Implementing Executive Orders 2-2020 and 3-2020, Section 11. Essential Businesses and Operations (f):  “Financial and real estate services and institutions. Banks, consumer lenders, including but not limited, to pawnbrokers, accountants, consumer installment lenders and sales finance lenders, credit unions, appraisers, realtors or others providing real estate services, title companies, financial markets, trading and futures exchanges, affiliates of financial institutions, entities that issue bonds, related financial institutions, and institutions selling financial products;…”

What does this mean for Montana Real Estate Appraisers?

While our professional services are considered essential, it is up to each and every real estate appraiser to decide what scope of work is required to produce credible results and stay informed during this pandemic.

Coronavirus Update from the Appraisal Institute

More information on Covid-19 aka Coronavirus for
Montana Real Estate Appraisers.

(last updated 5-8–2020 by Darwin Ernst, SRA, AI-RRS)
Please feel free to contact Darwin if you have specific questions regarding appraisal assignments related to Covid-19 if you cannot find the answers in the info below and he will try to help answer your questions.)

To learn more, feel free to read these documents:

The Appraisal InstituteGuide Note 10, Appraising in the Aftermath of a Disaster, and Guide Note 12, Analyzing Market Trends.

Learn the latest developments in these important areas:

Federal Resources
Government-Sponsored Enterprises
8. Fannie Mae’s “COVID-19 Frequently Asked Questions – Selling” (May 5, 2020)
7. Fannie Mae Lender Letter LL-2020-04 (May 5, 2020)
6. Fannie Mae Lender Letter LL-2020-03 (May 5, 2020)
5. Fannie Mae: Videos, FAQs & Other Guidance for Appraisers (May 4, 2020)
4. Fannie Mae’s “DU Validation Service Release Notes” (May 1, 2020)
3. Freddie Mac’s Live Virtual Inspection Guidance (April 20, 2020)
2. Freddie Mac Multifamily “Property Inspection Guidance Third-Party Reports” (Mar 25, 2020)
1. Freddie Mac’s “Selling Guidance Related to COVID-19” (March 23, 2020)

Agencies
9. Federal Reserve economic research and other resources (May 15, 2020)
8. CFPB: Mortgage Origination FAQs on ECOA Valuations Rule (April 29, 2020)
7. CFPB: Application of Provisions in TILA-RESPA Integrated Disclosure Rule (April 28, 2020)
6. Federal banking agencies to defer appraisals and evaluations (April 14, 2020)
5. Veterans Affairs Dept. “Valuation Practices during COVID-19” (April 10, 2020)
4. USDA Grants Temporary Exceptions to Interior Inspection Appraisals (March 27, 2020)
3. FHA: “Exterior-Only and Desktop-Only Appraisal Scope of Work Options” (March 27, 2020)
2. VA Dept. “Modified Set of Instructions … for Desktop Appraisals” (March 27, 2020)
1. VA Dept. “Special Relief for those Potentially Impacted by COVID-19” (March 16, 2020)

CARES Act
3. Senate Small Business & Entrepreneurship Committee: Guide to CARES Act (April 7, 2020)
2. SBA: Small Business Guidance & Loan Resources – CARES Act (April 7, 2020)
1. SBA: Coronavirus Relief Options – CARES Act (April 7, 2020)

Appraisal Institute Resources
AI Answers and Videos
6. AI Answers: initial impacts and expectations for appraisers (May 13, 2020)
5. AI Answers: flexibilities deadline, CFPB guidance, inspection legislation (May 6, 2020)
4. AI Answers: Residential Appraisal Virtual Inspection Apps (April 29, 2020)
3. SBA’s Paycheck Protection Program for Appraisers & Small Businesses (April 23, 2020)
2. AI Answers: Exterior-Only/Desktop Appraisals and State Orders (April 22, 2020)
1. AI Facebook Live: federal agencies’ rule on appraisal deferrals (April 15, 2020)

Webinars
3. AI Webinar: Valuation Impacts Of COVID-19 (April 17, 2020)
2. Webinar: “COVID-19 Latest Developments and Collaborative Efforts” (March 31, 2020)
1. AI webinar: “COVID-19 – Rapid Response and Latest Developments” (March 23, 2020)
Guides, Summaries and Emails
5. AI’s Flexibilities Guide: Permissible Appraisal Requirements – Excel (April 14, 2020)
4. AI’s Flexibilities Guide: Permissible Appraisal Requirements – PDF (April 14, 2020)
3. AI Summary of Coronavirus Emergency Aid Package (March 26, 2020)
2. AI President’s Email to AI Professionals (March 16, 2020)
1. AI President’s Email to Chapter Leaders (March 16, 2020)
Click here to read AI’s latest Appraiser News Online Articles related to Covid-19
Industry Resources
4. NCREIF Valuation Committee COVID-19 Documents (May 5, 2020)
3. NAIC Q&A on Guidance for Mortgages for Statutory Financial Statements (April 22, 2020)
2. NCREIF Valuation Committee Bulletin: Property Inspections (April 2, 2020)
1. ASC memo: “State Appraisal/AMC Program Guidance” (March 26, 2020)

Click here to find a professional Montana Real Estate Appraiser
(Montana Real Estate Appraisers with education beyond the minimal requirements for obtaining a license to practice as a Montana Real Estate Appraiser!)

Montana Real Estate Appraisers who have completed the Litigation Professional Development program.

 

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