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Contributing to AIRD Is a Few Easy Clicks Away.

Appraisers have always relied on sharing data for real properties. Once it was on a small scale between one firm to another, then it moved to regional exchanges and now with the Appraisal Institute Residential Database and other national databases, comparable sales data is being exchanged nationally. Instead of reciting a few figures over the phone or sending a fax of a property report, the national exchange of property information through AIRD provides a systematic approach. Signing up and contributing to the database is also systematic, and now easier than ever.

What is AIRD?

AIRD is an Internet-based repository of residential property data that contains nonconfidential real property information from residential appraisers and other reliable sources, using a data storage standard developed by the Appraisal Institute to be consistent with USPAP guidelines. The national database is easily accessible and is intended as the source for residential property data by appraisers, mortgage lenders and others involved in the real estate transaction. While it does not perform the appraisal, it helps qualified appraisers do so, quickly and efficiently.

Gary Taylor, MAI, SRA, president of Rogers and Taylor Appraisers, Inc., in Hauppauge, N.Y., works with 15 other residential appraisers. "Our contributions cover homes in many parts of Long Island, which is valuable data to share," he said. In terms of getting data from the database, "We can use the information in AIRD to find comparable data more efficiently, saving us time," he added.

First Step: Explore

The first step is to pull up the Web site at www.airdport.com. If you do not have Internet Explorer 5.5, click Downloads on the top bar and follow the instructions for downloading the program. Once you have Internet Explorer 5.5, you can click on Sign Up on the lefthand side of the AIRDPort.com home page. You'll see an icon that says "Create AIRD User Profile." If you're a state certified or licensed appraiser, click on that and you'll move through steps 1 through 5 to receive your Data Contributor Profile. If you do not fit into this category you will be directed to e-mail AIRD at aird-info@airdport.com for how to proceed.

Contributing Data to AIRD

Return to the home page at wwwairdport.com, and in the lefthand column under the Database heading, you will see a place to type your user ID and password. Once that's completed, hit Go. On the next page, you have four choices: Search the Database, Submit Data, View/Edit Your Profile and Online Payment.

Since the last two are self-explanatory, let's start with an overview of submitting data. When you click on Submit Data, you have three choices: Upload Your Files, One-Page Interface or Mail Your Paper Records.

To Upload Your Files, click on that header and a page with your name, account ID and e-mail address on top will appear. Below you'll see File Source from one through five with a browser feature to pull up the file from your computer and a short description of the file to complete. Using your browser, find the appraisal file you want to contribute through your browser. Click on it as you would for an e-mail attachment.

This is where the simplicity of using a forms software package that is "Appraisal Institute (Al) Ready" becomes apparent. Al Ready refers to software that complies with the Appraisal Institute's Residential Data Storage and Transmission Standard. If you have Day One, Polaroid Digital Solutions or United Systems software you're done because the uploader automatically takes only the nonconfidential data from your report and creates a file tagged and attributed to you. Other software companies working toward Al Ready certification are Appraisal Partner, Inc., Software for Real Estate Professionals, WCA, Inc., Bradford-Technologies and Homeputer.

If you don't have an Al Ready forms software package, you can click on the one-page interface and electronically complete a form with the nonconfidential property information from your appraisal report. While not as quick as the first option, the guidelines are right there to help as you type in the information needed to contribute property data to AIRD.

The third option is to mail in your paper records for input. Directions and mailing labels are provided for you to easily download.

Using AIRD to Retrieve Property Records

To search the database, return to the page with the four usage choices and click on this option. You can enter the search criteria in all of the fields under Geographic Locale and Physical Traits or as few as state and ZIP code.

To experiment, you can enter CA and 90210 for your search and then hit Run Query. After many property records appear, click on the Details icon on the left of a property address. Next click on Make Subject on the top bar, and the property appears in a basic form. Return to the list of properties by clicking List View on the top bar. By selecting three additional properties and clicking Make Comp also on the top bar, you're steps away from having a suitable list. Click Form View on the top bar. The Uniform Residential Appraisal Report (URAR) 1004 is the default form where the subject property and three comparables appear. All the properties you chose are completed quickly On page 2, the three comparable properties instantly appear. The choices for other forms to populate include 2055 and 2065 (Desktop Underwriter Quantitative and Qualitative Analysis Appraisal Reports), 1075 (Individual Cooperative Interest Appraisal Report), 2070 (Condition and Marketability Report) and Employee Relocation Council Residential Appraisal Report.

Sara Patterson is a freelance writer who was formerly the Manager of Public Relations for the Appraisal Institute.

RELATED ARTICLE: Five Steps, Five Minutes, Countless Comps

Step 1: Your Contact Information. This includes all the basics of who you are and how to reach you. In addition, you must list your appraisal software program either by entering it or by scrolling through the prelisted choices.

Step 2: Your User Account Information. Here you determine your unique AIRDPort ID and AIRDPort password allowing you to contribure information and use the national database for residertial sales comparables. Also you are asked for a secret code;

Step 3: your Certification/License Information: Input your state and ID number for verification.

Step 4: Your Billing Profile, If you identify yoursalf as a member of the Apprasal Institure you will receive a discount when removing data from AIRD and a higher profit for your data contributions. Here your decide whether you'll use AIRD just to search for comparables; or also contribute data . To select comps you will be asked to define the coverage type you are seeking local national or single use in addition you can pull up a pricing guideline that outlines the cost of using the database.

Step 5: Your Data Contributor Profile. This collects and displays the information you have given in steps 1 through 4 for verification. The entire signup process should take less than five minutes.

Appraisers Make Contributions to AIRD a Habit

An appraiser for 16 years and his own boss for 11 of those, Stephen Salmon, SRA, contributes residential property data to the Appraisal Institute Residential Database (AIRD) almost daily. "I don't expect a windfall when ether users of AIRD search my data," he said. "I contribute because I think it's important to cooperate on Appraisal Institute initiatives and for others to use reliable information from appraisers."

The founder of Stephen Salmon, Inc., located in Mechanicsville, Va., a few miles east of Richmond, Salmon works for clients in Hanover, New Kent, King William and Henrico counties, as well as the city of Richmond. He is very comfortable with technology and not worried about submitting property information to the national database. "AIRD is one way to keep up with technology," he said.

At first, Salmon had to remember to contribute to AIRD. "The program is easy but contributing to AIRD had to become a habit for me," he said. "Now I remember to submit an appraisal report data to AIRD at the same time I'm sending a report to my client, it was that easy, once I registered and had Al Ready software."
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Copyright 2001 Gale, Cengage Learning. All rights reserved.

Article Details
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Title Annotation:Appraisal Institute Residential Database
Author:Patterson, Sara
Publication:Valuation Insights & Perspectives
Geographic Code:1USA
Date:Sep 22, 2001
Words:1355
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