ABOUT FLOODPOINT USA
Raymond E. Carroll MAI, SRA, CFM
State-Certified General Appraiser RZ165
Since 1975, Ray Carroll has been an independent fee appraiser practicing in Collier and Lee counties of southwest Florida. All this fast-growing coastal community is in a floodplain.
The Path to Becoming an Expert on 50 Percent Rule Appraisal Assignments.
A particularly challenging 50 Percent Rule appraisal assignment in 2014 led Ray to ask the State of Florida floodplain coordinator for clarification of some FEMA guidance. At his suggestion, Ray launched on a program of education and research that culminated in earning the CFM designation.
Education and research revealed that floodplain administrators are required to make determinations about the reliability of appraisal reports, but they get little or no training to assist that process. With very little helpful guidance, and much confusion about regulatory terminology, appraisers do their best, but often deliver unreliable appraisal reports.
Consequently, floodplain administrators and appraisers come to distrust each other, floodplain administrators discourage the use of appraisals, and the public loses the benefit of the independent professional appraisal that FEMA guidance says is the best way to determine the NFIP “market value.”
These days, making appraisals to support 50 Percent Rule determinations constitutes about 95% of Ray’s local practice. In addition to that, he enjoys training floodplain administrators about how to understand and evaluate appraisal reports, helping appraisers apply the best valuation methodology, and developing tools to help everyone involved in the process.
Ray Carroll is available to speak to your group, or to offer instruction, virtually or in person, on any of the subject matter contained herein.
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