Two Lanes: Bringing AI Into CRE Valuation Without Losing the Next Generation
AI is not the problem, and it is not the whole answer either. The answer is knowing which lane each technology belongs in. The question every CRE leader is asking Scroll through LinkedIn this month and you'll find the same question again and again: what happens when...
Judgment Endures
Here's to the ones who turned a cottage trade into a profession — and to everyone carrying their work forward. In 1972, I went to work as an associate for R.W. Crabtree, MAI. I didn't know it then, but I was joining a long line of people who had spent their careers on...
We Keep Admiring the Problem
Why the appraisal profession talks so much about its future, and so little about the solutions already in front of it A respected colleague recently posted a thoughtful reflection on where our profession is headed over the next five to ten years. His conclusion was...
Why AI Underwriting Pilots Fail — and What Deterministic Valuation Fixes
The diagnosis everyone is missing AI pilots in commercial real estate are not failing because the data is messy. They are failing because nobody built valuation expertise into the system doing the valuing. The numbers are real. JLL's 2025 Global Real Estate Technology...
Jarrett Asked What Would Bring Young People Into Appraisal. Here’s Our Answer.
A fair question deserves a real answer This week Jarrett Hardesty, former Vice President of the Kentucky Association of Appraisers, put a question to our profession that every firm owner should be asking. He opened with an observation anyone who has been to an...
AI Agent vs. Deterministic Engine: Two Valuations of the Flatiron Building, and Why Only One Holds Up
A widely shared post this week ran the Flatiron Building through an AI underwriting agent. From the address alone, in 89 minutes, it concluded: $161 million in, $739 million of condo sales out, roughly $350 million of profit, and a value of $530 million "today." I ran...
The Cost Approach’s Missing Piece
Let's be honest with each other. Most of us skip the cost approach whenever the scope of work lets us. We don't skip it because it lacks merit. We skip it because it takes hours, and because the one piece that makes it credible for anything short of a stabilized, new...
Paid for the License, Not the Analysis
Let's be honest about what clients pay appraisers for today. It is not our analysis. It is our license and our willingness to carry the liability. As those two barriers erode, our fees will keep falling, and no amount of tradition will stop it. In my last article I...
Build the Moat Now: Why Our License Won’t Save Us, and What Will
Every major technology shift becomes a race to build moats. Whoever digs first, and deepest, decides who gets to cross. Right now, two moats are being dug around commercial real estate valuation. One is ours: a deterministic, appraiser-controlled operating system,...
Their Moat or Ours: Why We Have to Move Before AI Does
Every major technology shift becomes a race to build moats. Whoever digs first, and deepest, decides who gets to cross. Right now, two moats are being dug around commercial real estate valuation. One is ours: a deterministic, appraiser-controlled operating system,...