HISTORY

The New York Appraisal Management Company was formed in 1995 and our goal at that time was to take advantage of the growing technological revolution in order to make the appraisal process more efficient.  Our goal remains the same today as we are focused on providing the highest level of customer satisfaction to our clientele. 

Since 1995, we have worked with hundreds of clients and maintain a stellar reputation for delivering a high quality product in the shortest possible time.  As a result of our years of experience, we are able to deliver our appraisal reports faster than our competition.

Our appraisal reports are used for a variety of functions including mortgage lending, quality control, loss mitigation, tax certori, estate planning, financial planning, marital resolution and as a guide for buyers and sellers.

QUALIFICATIONS

The New York Appraisal Management Co. is headed by Albert Gabberty and Ted Zarembo.  Together, Al and Ted offer more than 50 years of experience in the valuation industry.

Albert Gabberty has been focusing on residential valuation for 20 years and holds the SRA designation from the Appraisal Institute.  Albert is a New York State approved appraisal instructor and committee chair for the New York City Chapter of the Appraisal Institute.  Currently, Albert is a state certified appraiser in both New York and Connecticut.

During his career Albert has served as the Vice-President of Settlement Services for a top-10 mortgage  lender, Regional Chief Appraiser a national settlement services company and held this same position for a national due diligence firm serving the capital markets.  Albert started the New York Appraisal Management Co. in 1995 which specializes in residential valuations and appraisal reviews.

Ted Zarembo has been in the valuation industry for more than 30 years and holds designations from the Appraisal Institute, Counselors of Real Estate and the Royal Institute of Chartered Surveyors.

During his career, Ted has held the position of Assistant Vice President at Chemical Bank, Senior Vice-President at CB Richard Ellis and Chief Appraiser/SVP at the Greater New York Savings Bank.  Most recently, Ted worked with the R.V.I. Group and was responsible for underwriting, due diligence, appraisal administration and new product development. 

Ted recently joined the New York Appraisal Management Company and is the managing partner of the commercial business unit.

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About the Appraisal Institute  

The Appraisal Institute is an international membership association of professional real estate appraisers, with more than 21,000 members and 99 chapters throughout the United States, Canada and abroad. Its mission is to support and advance its members as the choice for real estate solutions and uphold professional credentials, standards of professional practice and ethics consistent with the public good.

The Appraisal Institute is the acknowledged worldwide leader in residential and commercial real estate appraisal education, research, publishing and professional membership designation programs. Its extensive curriculum of courses and specialty seminars provides a well-rounded education in valuation methodology for both the novice and seasoned practitioner.

The Appraisal Institute also houses the Lum Library, which provides support for the research needs of members as well as the profession at large. The Lum Library section of our Web site allows members to retrieve for full text articles and more.

Members of the Appraisal Institute form a network of highly qualified professionals throughout the United States and abroad. They are identified by their experience in and knowledge of real estate valuation and by their adherence to a strictly enforced Code of Professional Ethics and Standards of Professional Appraisal Practice.

Membership is open to appraisal practitioners as well as to individuals from allied fields. Designated members may hold the MAI, SRPA or SRA membership designation. Currently, the Appraisal Institute confers one general (commercial) designation, the MAI, and one residential designation, the SRA. The associate member category is for individuals who engage in activity governed by the Uniform Standards of Professional Appraisal Practice. Affiliate membership is open to individuals who are not performing USPAP-related work but wish to be allied with the Appraisal Institute such as bankers, attorneys, and government agency representatives.

The Appraisal Institute is committed to creating a progressive environment for minorities and women who are interested in membership in the organization and pursuing a career as a professional real estate appraisers and analyst. We have worked to enhance diversity in the real estate appraisal profession and the association through our Membership Diversity Committee.

As the world’s largest publisher of real estate appraisal literature, the Appraisal Institute offers a wide range of books and other materials on a variety of subjects ranging from basic valuation theory and techniques to advanced applications. The Appraisal Institute is also the publisher of The Appraisal Journal, long respected for its authoritative and well-researched articles, and the industry business magazine, Valuation Insights & Perspectives. And for our Internet audience, Appraiser News Online offers regular updates on the appraisal industry.
 
The Appraisal Institute is also active in advocacy efforts on behalf of its members and the industry at large. Primarily through its Public Affairs office in Washington, D.C., the organization communicates regularly with legislators and regulators to encourage the adoption of appraisal policies that best serve the public interest.

Appraisal Institute designated members have met rigorous requirements relating to education, testing, experience and demonstration of knowledge, understanding and ability. Most designated members hold one or more of the following designations:

Education:

• Receive a passing grade on 11 examinations that reflect 380 hours of classroom instruction and that test the appraiser’s knowledge of basic and advanced appraisal principles, procedures and applications; report writing; valuation analysis and standards of professional practice
• Receive a passing grade on a four-module, two-day comprehensive examination
• Hold an undergraduate degree from a four-year accredited educational institution

Experience: Receive credit for 6,000 hours of experience, including 3,000 hours of specialized appraisal experience, all of which must meet strict criteria.

Demonstration Report: Receive credit for a demonstration appraisal report relating to income-producing property that demonstrates the ability to present a properly supported value estimate or opinion evaluating the nature, quality or utility of a parcel of real estate or any interest in, or aspect of, real property, including handling physical incurable depreciation, or fulfill an approved comparable alternative.

Education:

• Receive a passing grade on six examinations that reflect 200 hours of classroom instruction and that test the appraiser’s knowledge of appraisal principles, residential valuation techniques, report writing and standards of professional practice
• Hold an Associate degree from an accredited educational institution (or satisfy a specified alternative)

Experience: Receive credit for 3,000 hours of Residential Appraisal Experience (must cover at least 24-months).

Demonstration Report: Receive credit for a demonstration appraisal report relating to a residential property that demonstrates the ability to present a properly supported value estimate or opinion evaluating the nature, quality, or utility of a parcel of real estate or any interest in, or aspect of, real property, or fulfill an approved comparable alternative.

About the royal institute of chartered surveyors

The Royal Institution of Chartered Surveyors – RICS – is one of the most respected and high profile global ‘standards and membership’ organizations for professionals involved in land, property, construction and environmental issues with...

• 136 years of representing property professionalism
• 120,000 members across 120 countries worldwide
• 400 degree level courses approved worldwide
• 500 research and policy papers published per year
• 50 national associations, linked groups and societies
• 160 diverse ‘specialisms’ – represented across 16 ‘faculties’

Accountable to both members and the public, RICS has three main roles:

1. To maintain the highest standards of education and training
2. To protect consumers through strict regulation of professional standards
3. To be the leading source of information and independent advice on land, property, construction and associated environmental issues.

Our members do a lot more than people realise…
The property market plays a key role in the global economy; comprising in some countries as much as 20% of the Gross National Product. With a resource this vital, businesses, governments and society need advice they can trust….and our members are the professionals they turn to.

Our members’ services are diverse. Not only are they experts in all matters relating to real estate and construction, but they can also offer strategic advice in the economics, valuation, finance, investment and management of all the world’s physical assets. From the construction of major public buildings to surveying the sea bed, from managing large property portfolios to auctioning antiques and much, much more!

This is why at RICS we call our members ‘property professionals’.

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CONTACT INFO:

The New York Appraisal Management Co.
2426 Wood Avenue
Bellmore, NY  11710

Phone  (516) 826-4371
Fax      (516) 826-4376