John Forsythe

Title: President & CEO
Company: Forsythe Appraisals, LLC

Why did you become an appraiser?

It was the early 1980’s and I was intrigued with joining my father Jerry and brother Tim in the appraisal business.  The concept of being out of the office, inspecting homes and being provided new assignments daily was like driving race cars compared to selling auto and life insurance.

What has been the highlight of your professional career so far?

Obtaining my SRA was an accomplishment.  I also take great pride in hiring, training and working with excellent appraisers, and in having developed a vision with Tim for growing Forsythe Appraisals from a small Minneapolis/St. Paul company into the largest independent residential appraisal firm in the United States. 

What piece of advice would you offer young people considering a career in this profession?

Find the right mentor that wants to invest in you and be loyal.  Ethics, competency and professional conduct are more than merely adhering to USPAP.  They are the keys to having a successful rewarding career. The entry to appraising is tougher than ever before, but in time you will be rewarded as fewer candidates are willing to pay the price for a seat at the table.

What book would we find on your nightstand right now?

The latest Vince Flynn novel, and “1001 Ways to Motivate Yourself and Others

Do you have a favorite quote? Why?

A quote from my father ”Everyone works hard to be in the game, why wouldn’t you do a little bit more and be the best.”

If you could change one thing about the appraisal industry today, what would it be?
Appraiser credibility is at its lowest level in my career. I believe appraisers must embrace tools like regression analysis and utilize technology to analyze much more data than ever before. Our clients have endless data and unless we show thoroughness in our reports, the assumption will continue to be, the appraiser must have been unaware. The result is addendum requests and ever increasing hours per report. 

We call appraising our profession and yet we perform in a manner very similar to 20 years ago, and then wonder why fees are also consistent with 20 years ago.

Unless we create a manageable and financially feasible entry path for new appraisers, within 10 years we will no longer be able to meet the needs of the lending world. The market will find another solution.

When not at work, you are most likely…

with my wife, daughter and son, often spending time at our lake home.

What is the best thing about your job?

I work with the best customers and appraisers in the industry. We take our work seriously but not ourselves.

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