CBRE - Fayetteville, NC

posted 6 months ago

Full-time - Senior
Fayetteville, NC
Real Estate

About the position

As a Vice President in the Valuation Advisory Services (VAS) at CBRE, you will play a pivotal role in the preparation of market value appraisals for real estate properties. This position requires a high level of independence and expertise, as you will be responsible for preparing comprehensive appraisal reports from start to finish, with oversight from a Managing Director, who must be a member of the Appraisal Institute (MAI). A specific emphasis is placed on candidates with Right-of-Way (ROW) experience, which is crucial for the role. Your responsibilities will encompass all aspects of appraisal, including detailed analysis to accurately value real estate assets. In this role, you will identify the value to be estimated by thoroughly studying the appraisal request, understanding the problem to be solved, and defining the scope of the project. This may involve various scenarios such as mortgage financing, insurance replacement cost calculations, estate valuations, tax appeals, corporate employee relocations, investments, or sales. You will calculate the valuation method by selecting appropriate approaches and techniques, such as cost, direct sales comparison, and income capitalization, while identifying key property characteristics and attributes. Your analytical skills will be put to the test as you research and analyze property information. This includes collecting, verifying, and analyzing data on similar properties, sales and listings, vacancies, absorption rates, demand studies, and various social, economic, governmental, and environmental factors. The preparation of the appraisal report will require you to describe the physical and economic characteristics of the property, the appraisal procedures used, and the information analyzed, while also disclosing any assumptions and hypothetical or limiting conditions. Maintaining the organization’s reputation is paramount, and you will be expected to conform to the Uniform Standards of Professional Appraisal Practice (USPAP) while keeping all information confidential. Continuous professional development is encouraged, and you will be expected to stay updated on current real estate values and property development potential, including land use restrictions. You will also have opportunities to participate in professional organizations and contribute to client development. As a leader, you will coordinate and assign tasks to co-workers within your team, lead project teams, and plan and coordinate assignments for lower-level employees. You may also be responsible for identifying training needs, studying performance, mentoring, and motivating your team members.

Responsibilities

  • Independently prepare market value appraisals on real estate with review by a Managing Director.
  • Prepare real estate appraisal reports from start to finish, including all Appraiser responsibilities.
  • Perform detailed appraisal analysis to value real estate.
  • Identify value to be estimated by studying appraisal requests and defining the scope of the project.
  • Calculate valuation methods by selecting appropriate approaches and techniques for valuing property.
  • Research and analyze property information by collecting, verifying, and analyzing data regarding similar properties, sales, vacancies, and market conditions.
  • Prepare appraisal reports describing physical and economic property characteristics and appraisal procedures used.
  • Maintain organization reputation by conforming to the Uniform Standards of Professional Appraisal Practice (USPAP).
  • Update job knowledge by studying current real estate values and property development potential.
  • Coordinate and assign tasks to co-workers within a team and lead project teams.
  • Identify training needs and mentor lower-level employees.

Requirements

  • Bachelor's degree from a four-year college or university required; Master's degree preferred.
  • A minimum of 10 years of commercial appraisal experience and 3 years of review experience.
  • General State Certification/License is required.
  • MAI and Right-of-Way (ROW) experience preferred.
  • Ability to comprehend, analyze, and interpret business documents.
  • Strong writing skills for reports, manuals, and articles.
  • Above-average knowledge of financial real estate terms and principles.
  • Complete understanding of approaches to value real estate assets.
  • High level analytical and quantitative skills with experience in developing strategic solutions.
  • Proficient in Argus, MS Word, and MS Excel.

Nice-to-haves

  • Institutional review experience is a plus.
  • Experience in mentoring and motivating a group.

Benefits

  • Comprehensive benefits package including 401k and extraordinary perks such as career growth and longevity.
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