By Carlo L. Batts, MAI, Rittenhouse Appraisals
Professional organizations are an important way to help fulfill professional development goals, help grow a business, form professional and even personal relationships, and also give back to the community. Joining one helps keep individuals current on issues and opportunities, as well as the latest knowledge and best practices within their industry.
Many groups offer opportunities for education and learning, in the form of seminars, panel discussions, and lectures. Knowledge is also gleaned through discussion and sharing of information with other members. Being an active participant and working alongside others in the organization also contributes to enhanced leadership skills.
As a long-time member and the 2024 President of the Philadelphia Metro Chapter of the Appraisal Institute, I have seen and experienced the benefits of a professional organization.
The Chapter provides education, events, and resources to membership, and is also dedicated to growing the appraisal profession by hosting activities designed to introduce students to the industry.
Each year the local chapter develops a day-long, Real Estate Trends program. Held in April, 2024 marked the 10th annual program. Speakers covering several important topics joined us for the day, providing insights and valuable education. The day’s program included an economic update from Kali Aloisi, Outreach Economist of the Federal Reserve Bank, a session on the present and future applications of technology and artificial intelligence, a roundup on Center City Philadelphia, and information on tax credits, workforce housing, and CPACE funding.
We were also thrilled to include students from Drexel University, Temple University, Haverford College, and Lehigh University for part of the day. By all accounts, it was an exciting time for them and an encouraging sign to us seasoned professionals as we look to the future.
Our chapter’s parent organization, the Appraisal Institute, has launched the Appraiser Diversity Initiative (ADI) in partnership with Freddie Mac, Fannie, Mae, and the National Urban League.
This nationwide program is focused on attracting individuals to the real estate appraisal industry and fostering diversity in the profession. The initiative provides education about the appraisal profession and provides resources for interested individuals to utilize.
One workshop of ADI was held in Philadelphia in June. The event was a success as 10 candidates applied and were interviewed that evening. Furthering the goal of bringing young talent to the industry, in August our chapter is hosting a Young Appraiser Networking Night.
Local, seasoned appraisers will be in attendance to share their experiences and help expand the network of those entering the profession. Our Chapter members understand the importance of giving back and know how critical these types of interactions and relationships are to growing a successful career.
Engaging with other professional organizations is another way to build networks and opportunities. This fall the Philadelphia Metro Chapter of the Appraisal Institute is teaming up with CCIM for a Site To Do Business course. The day-long event includes in-person lecture and hands-on exercises. The course helps satisfy continuing education credits and concludes with a networking event for all attendees.
Whatever the objective, taking the time to be involved with a professional organization is crucial for furthering professional development, growing a business, and forming valuable relationships.
They provide opportunities for self-improvement, as well as giving back to others and the community.
Carlo L. Batts, MAI, is the principal of Rittenhouse Appraisals, a regional commercial real estate valuation firm based in Center City Philadelphia.
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