Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California

Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California
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Thursday, October 13, 2022

FREE TACOS with Purchase of Real Estate Appraisal! Mary Cummins Real Estate Appraiser

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FREE TACOS   with purchase of real estate appraisal,
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When times are tough the tough get tacos! Two more days left in Hispanic Heritage Month. I'm Latino and speak Spanish. Ven por tacos! Joking not joking ;-) Cummins Real Estate Services #tacos #realestate #realestateappraiser #realestateappraisal #losangeles #california #marycummins 

Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.


Mary Cummins, Mary K. Cummins, Mary Katherine Cummins, Mary, Cummins, #marycummins #animaladvocates #losangeles #california #wildlife #wildliferehabilitation #wildliferehabilitator #realestate #realestateappraiser #realestateappraisal #lawsuit real estate, appraiser, appraisal, instructor, teacher, Los Angeles, Santa Monica, Beverly Hills, Pasadena, Brentwood, Bel Air, California, licensed, permitted, certified, single family, condo, condominium, pud, hud, fannie mae, freddie mac, fha, uspap, certified, residential, certified resident, apartment building, multi-family, commercial, industrial, expert witness, civil, criminal, orea, dre, brea insurance, bonded, experienced, bilingual, spanish, english, form, 1004, 2055, 1073, land, raw, acreage, vacant, insurance, cost, income approach, market analysis, comparative, theory, appraisal theory, cost approach, sales, matched pairs, plot, plat, map, diagram, photo, photographs, photography, rear, front, street, subject, comparable, sold, listed, active, pending, expired, cancelled, listing, mls, multiple listing service, claw, themls, historical appraisal, facebook, linkedin DISCLAIMER: https://mary--cummins.blogspot.com/p/disclaimer-privacy-policy-for-blogs-by.html

Thursday, September 22, 2022

California Appraisal Guidelines for Elimination of Bias per Business Professional Code 11360 a - Mary Cummins

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The California Bureau of Real Estate Appraisers (BREA) just released updated guidelines for basic and continuing education educators and course providers so they can update mandatory classes on bias per January 2023 changes. Below is the BREA notice and guidelines. 


This bill was approved in 2011 before the recent false narrative of the "racist appraiser." It has already been covered and taught in existing courses. I just took the California Laws class and it covered exactly this. The bold portions are new. This is the 2022 change to the code which takes effect January 1, 2023, 


"(a) The director shall adopt regulations governing the process and procedures for renewal of a license or restoration of a license to active status that shall include, but not be limited to, continuing education requirements, which shall be reported on the basis of a four-year continuing education cycle, and, for each licensee renewing on or after January 1, 2023, include at least two hours of elimination of bias training, either individually or as part of a broader course.

(b) An applicant for renewal of a license shall be required to demonstrate the applicant's continuing fitness to hold a license prior to its renewal. Applicants shall also fulfill continuing education requirements established pursuant to this section and shall be required to take a minimum of four hours of federal and California appraisal related statutory and regulatory law every four years.

(c) Beginning January 1, 2023, as part of the continuing education required by this section, a licensee shall complete at least one hour of instruction in cultural competency every four years.

(d) The cost of any educational course required by this section shall not be borne by any client served by a licensee.

(e) For purposes of this section, "cultural competency" means understanding and applying cultural and ethnic data to the process of care that includes, but is not limited to, information on the appropriate treatment of, and provision of care to, the lesbian, gay, bisexual, transgender, and intersex communities, ethnic communities, and religious communities.


This is obviously common sense. Of course you can't legally act in a discriminatory manner against anyone in business and housing. No one should ever do that in any part of their life, business or personal, be it legally mandatory or not.  


"California Bureau of Real Estate Appraisers

The Bureau of Real Estate Appraisers (Bureau) has updated its Course Guidelines for Elimination of Bias that the Bureau sent out on Monday. The Bureau has added the description of the Strategies to overcome implicit bias.

 

The Course Guidelines were developed to maintain a certain level of consistency and uniformity to the course content. The Course and Provider Expectations is to establish a clear guide on course development and delivery.

 

Again, the Bureau hopes this information helps Course Providers to develop the course content.

https://www.brea.ca.gov/pdf/CourseGuidelinesforEliminationofBias.pdf

Elimination of Bias
Course Guidelines

The following are guidelines for the use by course providers in preparing the basic education (BE) and continuing education (CE) on Elimination of Bias to meet the requirements of the California Business and Professional Code Section 11360 (a).

The two courses (at least one hour of Cultural Competency and at least two hours of Elimination of

Bias) are completely different courses, and the course content should be developed as two separate

courses. While the two course can be combined into at least 3 hours of training, the subject matter

for each course must be relevant to that course’s subject and its subtopics. The core time should be

spent on the topic subject matter with some time allocated to how the content applies to the

appraisers and/or appraisal industry.

Elimination of Bias Minimum Requirements

Beginning January 1, 2023, the license renewal will require at least two hours of Elimination of Bias

course required for by Section 11360 (a) must include the following:

a) The importance of the course and why it’s necessary for anyone including appraisers.

b) Impact of biases on consumer and on individual’s life.

c) History of Federal Fair Housing Act.

d) Primary definitions of the types of bias with meaningful examples. At a minimum, the following

definitions should be included in the training:

i) Stereotype: A widely held but fixed and oversimplified image or idea of a particular type of

person or thing. Generally, an often unfair and untrue or only part true belief that many

people have about all people or things with a particular characteristic.

ii) Discrimination: The practice of unfairly treating a person or group of people differently from

other people or groups of people. The ability to recognize the difference between things

that are of good quality and those that are not, or a difference that is understood or

recognized.

iii) Prejudice: An unfair feeling of dislike for a person or group because of race, sex, religion,

etc., or a feeling of like or dislike for someone or something especially when it is not

reasonable or logical, or a pre-judgement towards a person or group.

iv) Racism: poor treatment of or violence against people because of their race; the belief that

some races of people are better than others.

v) Bias: Bias is a human trait resulting from our tendency and need to classify individuals into

categories as we strive to quickly process information and make sense of the world. To a

large extent, these processes occur below the level of consciousness. It is a tendency to

believe that some people, ideas, etc., are better than others that usually results in treating

some people unfairly; a strong interest in something or ability to do something.

vi) Unconscious/implicit bias: Implicit bias involves all of the subconscious feelings,

perceptions, attitudes, and stereotypes that have developed as a result of prior influences

and imprints. It is an automatic positive or negative preference for a group, based on one’s

subconscious thoughts. Implicit bias is unconscious, automatic, and relies on associations

that we form over time. Biases are formed toward groups of people based on what we see

in the media, our background, and experiences. They reflect how we internalize messages

about society rather than our intent.

vii) Conscious/explicit bias: Explicit bias is the traditional conceptualization of bias; individuals

are aware of their prejudices and attitudes toward certain groups. Positive or negative

preferences for a particular group are conscious."

Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.


Mary Cummins, Mary K. Cummins, Mary Katherine Cummins, Mary, Cummins, #marycummins #animaladvocates #losangeles #california #wildlife #wildliferehabilitation #wildliferehabilitator #realestate #realestateappraiser #realestateappraisal #lawsuit real estate, appraiser, appraisal, instructor, teacher, Los Angeles, Santa Monica, Beverly Hills, Pasadena, Brentwood, Bel Air, California, licensed, permitted, certified, single family, condo, condominium, pud, hud, fannie mae, freddie mac, fha, uspap, certified, residential, certified resident, apartment building, multi-family, commercial, industrial, expert witness, civil, criminal, orea, dre, brea insurance, bonded, experienced, bilingual, spanish, english, form, 1004, 2055, 1073, land, raw, acreage, vacant, insurance, cost, income approach, market analysis, comparative, theory, appraisal theory, cost approach, sales, matched pairs, plot, plat, map, diagram, photo, photographs, photography, rear, front, street, subject, comparable, sold, listed, active, pending, expired, cancelled, listing, mls, multiple listing service, claw, themls, historical appraisal, facebook, linkedin DISCLAIMER: https://mary--cummins.blogspot.com/p/disclaimer-privacy-policy-for-blogs-by.html

Saturday, July 30, 2022

2022 State of Real Estate from Greater Los Angeles Realtors by Mary Cummins Real Estate Appraiser

mary cummins, real estate appraiser, los angeles, california, 2022 state of real estate, otto catrina, steven thomas, california association of realtors, great los angeles realtors, reports on housing
mary cummins, real estate appraiser, los angeles, california, 2022 state of real estate, otto catrina, steven thomas, california association of realtors, great los angeles realtors, reports on housing

Really good webinar on 2022 State of Real Estate from Greater Los Angeles Realtors ( https://www.facebook.com/GreaterLARealtors @GLA_Realtors). The speakers were Otto Catrina from the California Association of Realtors ( https://www.facebook.com/CAREALTORS @CARealtors) and Steven Thomas of Reports on Housing ( http://www.facebook.com/reportsonhousing @housereports). If you're a member of GLAR, a video of the webinar will be here along with the slides. https://www.greaterlarealtors.com/members/new-updates If you're not a member my summary is below along with most of the slides. 

The biggest issue of course was the Fed interest rate increase of .75%. This has really slowed the housing market which was the intent of the rate increase. The Fed and others expect a target Fed rate of 2.5 to 2.75% in 2023. This rate affects generally shorter term interest rates such as credit card rates, car loans and equity lines. It does affect long term home loan rates but not as directly or quite as much. 

Europe also has inflation but they don't have the Fed controls that the US has. Steven Thomas is not calling a recession right now even though we had two quarters of decline in GDP. He will call a recession if the GDP declines for a longer period. The job market is still strong as is real estate. He uses six factors in determining a recession.

Steven Thomas coined the term the "pandession" which is a combination of the pandemic and recession. It's not a recession. The current market today is affected by the pandemic and lack of balanced supply and demand of homes. Last year was a supply catastrophe. It's still a seller's market but as rates rise, demand slows and supply starts to rise. People don't want to sell because they love their current mortgage rate. If they don't buy a new home after selling, they'd have to deal with high related rent. 

Thomas stated this is not a bubble. There will be no housing crash. People have lots of equity. Home values are still doing well. Most homeowners today have good credit as opposed to 2007/2008 when they gave loans to everyone even people with bad credit. Our issue today is lack of supply though it's changing. 

We have a headwind right now which is slowing things. It will continue to the end of the year but home values won't plunge. Luxury has really slowed. "Luxury market got a cold because of what has happened recently on Wall Street." We may have a recession next quarter but it won't affect housing that much. Not all recessions affect housing. All these comments go along with his slides, charts, research and numbers. 

Below are the slides from first Otto Catalina of CAR then Steven Thomas of Housing Market in chronological order. I missed a few. The slides are larger after the first 20 when I expanded my view. Click to see images larger. If you're in real estate sales or appraising, Thomas' newsletter subscription looks pretty good and it's affordable. I may subscribe as he really has his finger on the pulse of the market. He runs a lot of numbers and makes some great charts and graphs besides giving his experienced common sense commentary. If you're in real estate in Los Angeles, makes sense to join GLAR. If you're in real estate in California, join CAR at least for the forms. 

mary cummins, real estate appraiser, los angeles, california, 2022 state of real estate, otto catrina, steven thomas, california association of realtors, great los angeles realtors, reports on housing
mary cummins, real estate appraiser, los angeles, california, 2022 state of real estate, otto catrina, steven thomas, california association of realtors, great los angeles realtors, reports on housing

mary cummins, real estate appraiser, los angeles, california, 2022 state of real estate, otto catrina, steven thomas, california association of realtors, great los angeles realtors, reports on housing
mary cummins, real estate appraiser, los angeles, california, 2022 state of real estate, otto catrina, steven thomas, california association of realtors, great los angeles realtors, reports on housing














































Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.


Mary Cummins, Mary K. Cummins, Mary Katherine Cummins, Mary, Cummins, #marycummins #animaladvocates #losangeles #california #wildlife #wildliferehabilitation #wildliferehabilitator #realestate #realestateappraiser #realestateappraisal #lawsuit real estate, appraiser, appraisal, instructor, teacher, Los Angeles, Santa Monica, Beverly Hills, Pasadena, Brentwood, Bel Air, California, licensed, permitted, certified, single family, condo, condominium, pud, hud, fannie mae, freddie mac, fha, uspap, certified, residential, certified resident, apartment building, multi-family, commercial, industrial, expert witness, civil, criminal, orea, dre, brea insurance, bonded, experienced, bilingual, spanish, english, form, 1004, 2055, 1073, land, raw, acreage, vacant, insurance, cost, income approach, market analysis, comparative, theory, appraisal theory, cost approach, sales, matched pairs, plot, plat, map, diagram, photo, photographs, photography, rear, front, street, subject, comparable, sold, listed, active, pending, expired, cancelled, listing, mls, multiple listing service, claw, themls, historical appraisal, facebook, linkedin DISCLAIMER: https://mary--cummins.blogspot.com/p/disclaimer-privacy-policy-for-blogs-by.html

Tuesday, July 12, 2022

Los Angeles Sixth Street Bridge and Texas Seventh Street Bridge Similarities - Mary Cummins real estate appraiser

After I posted about the new Los Angeles Sixth Street Bridge and viaduct a Texas friend told me it looked like the Fort Worth, Texas Seventh Street Bridge and viaduct. They look very similar. Some facts about both. 

The Los Angeles, California Sixth Street Bridge and Viaduct built 2022 is 3,500 ft long with 20 arches and four traffic lanes. It took six years at a cost of $588,000,000. It replaced the 1930 Sixth Street Bridge and Viaduct.





https://www.sixthstreetviaduct.org/

The Forth Worth, Texas Seventh Street Bridge and Viaduct built 2013 is 1,000 ft long with 12 arches and four traffic lanes. It took four months to build at a cost of $25,000,000. It replaced the 1919, 1954 Van Zandt Viaduct.


https://www.fortwortharchitecture.com/7thstbridge.htm

Arches are actually a common bridge element. Early bridges back before Roman times were arched for structural integrity. Here's an article on only arched bridges.

https://structurae.net/en/structures/bridges/arch-bridges

The original Sixth Street Bridge built in 1930 below had arches but only two. The LA bridge has arches that go below the bridge driving surface whereas the Texas one does not. Still, they are very, very similar bridges. I think at the very least the LA bridge was inspired by the Texas bridge.



Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.


Mary Cummins, Mary K. Cummins, Mary Katherine Cummins, Mary, Cummins, #marycummins #animaladvocates #losangeles #california #wildlife #wildliferehabilitation #wildliferehabilitator #realestate #realestateappraiser #realestateappraisal #lawsuit real estate, appraiser, appraisal, instructor, teacher, Los Angeles, Santa Monica, Beverly Hills, Pasadena, Brentwood, Bel Air, California, licensed, permitted, certified, single family, condo, condominium, pud, hud, fannie mae, freddie mac, fha, uspap, certified, residential, certified resident, apartment building, multi-family, commercial, industrial, expert witness, civil, criminal, orea, dre, brea insurance, bonded, experienced, bilingual, spanish, english, form, 1004, 2055, 1073, land, raw, acreage, vacant, insurance, cost, income approach, market analysis, comparative, theory, appraisal theory, cost approach, sales, matched pairs, plot, plat, map, diagram, photo, photographs, photography, rear, front, street, subject, comparable, sold, listed, active, pending, expired, cancelled, listing, mls, multiple listing service, claw, themls, historical appraisal, facebook, linkedin DISCLAIMER: https://mary--cummins.blogspot.com/p/disclaimer-privacy-policy-for-blogs-by.html