Richard Borges

Richard L. Borges II, MAI, SRA, is the 2013 president of the Appraisal Institute, the nation's largest professional association of real estate appraisers. Based in Chicago, the Appraisal Institute has more than 23,000 professionals in almost 60 countries.

Appraisers Optimistic on Future

Friday, September 27, 2013

In a recent survey conducted by the Appraisal Institute, the majority of real estate appraisers said they were optimistic about their future and that of the profession.

The 2013 Real Estate Appraisal Outlook found that demand for appraisal services has increased and that local markets were stronger than a year ago. However, while responses were generally positive when it came to overall business, the potential for training new professionals was slightly behind, with less than one-fifth of those surveyed saying they planned to add trainee appraisers to their staff.