RAC Town Hall Meeting - June 26, 2025
"Appraisal Soup-Let’s Talk”
A thought-provoking conversation for many of us, this Town Hall session will dive into a variety of current topics in our profession:
AI Lawsuit, do you still believe in your designation and AI? Why or why not?
GSE complaint increases, do these all need to go to the States? (No, I can address this with some facts.)
GSE Form changes, for better or worse? A two-sided coin.
Bias and Discrimination, is it a thing? 2023 = over 34,000 complaints (DOJ, HUD) filed but not one legal decision by judge or jury yet or a state agency acting. (Colorado case is a fraud case though it started as Discrimination.)
PAREA and PATHWAYS, will the flood gates open? Where are all the applicants and why?
Joseph Palumbo, SRA, ASA, CTA is the Chief Operating Officer for Worth Valuations Services, Inc. Prior to Worth, he was Vice President of Real Estate Service at Weichert Workforce Mobility where he was employed since 2007. He was responsible for managing North American home disposition for relocating employees which includes appraisals, home inspections, and property resale. He was also responsible for developing and implementing best practices for property disposition. Joe has been involved in the real estate industry since 1986, as a staff appraiser with World Savings, eventually moving to management at CitiBank and Washington Mutual. In 1991 to 1999, he was self-employed. Joe is a published author for several industry magazines.
An instructor since 1995, Mr. Palumbo specializes in teaching USPAP. He is one of 405 AQB certified instructors out of 75,000 appraisers in the United States. He has been selected by the Appraisal Institute from a small panel of qualified instructors to teach internationally. He has presented classes in Beijing, China and Mexico City, Mexico. Joe has an SRA designation from the Appraisal Institute where he has served his local chapter as Public Relations Chair, Education Chair and Board Member. He also has an ASA designation from the American Society of Real Estate Appraisers. Joe is a past adjunct faculty member for NYU and Baruch City College in NYC. Joe is also a licensed Relator and certified tax assessor in the state of New Jersey.
In March 2011, he was appointed to the NJ State Appraisal Board by Governor Christie, and he has served since including President for three terms in his tenure.