The Real Deal New York

NYC real estate pros are serving more as expert witnesses in court

By Guelda Voien | March 21, 2013 10:00AM

From the March issue: The average reader of The Real Deal may not need help assessing property values, but jurors and arbitrators do. And like doctors or other specialists, real estate professionals who serve as expert witnesses in court are well compensated for their services. For that reason, work as an expert witness has become an increasingly important source of supplemental income for many New York real estate professionals in the last few years — especially for appraisers, whose field has shifted dramatically since the downturn. [more]