AI Seeks Proposals for 2016 Annual Conference Educational Sessions

If you’ve ever considered submitting a presentation proposal for the Appraisal Institute’s Annual Conference, now is the time!

AI Seeks Proposals for 2016 Annual Conference Educational Sessions

The Appraisal Institute is seeking proposals by December 31 for panel sessions and presentations for its 2016 Annual Conference. AI is seeking highly skilled speakers who can address issues and topics of interest to the valuation profession. All panels/presentations will be assigned to one or more of the following tracks:

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5 Tips to Help Ensure a Credible Appraisal

The appraisal process can mystify homeowners. They may not understand why an expensive renovation added so little to the value of their home, or why the house across the street has a higher asking price. That feeling can be minimized when consumers realize there are actions they can take to help during the appraisal process. Here are four tips to share with homeowners that can lead to a credible opinion of value:

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AI Seeks Proposals for 2016 Annual Conference Educational Sessions

If you haven’t had the opportunity to check out AI’s latest Dictionary of Real Estate Appraisal, I’d encourage you to do so.

AI Publishes Updated Dictionary of Real Estate Appraisal

The Appraisal Institute on October 27 published “The Dictionary of Real Estate Appraisal,” sixth edition, which includes more than 5,000 entries, 1,250 revised definitions and 450 new terms and has been updated for consistency with current professional standards documents and with Appraisal Institute materials.

Also featured are new and revised glossaries to help real property valuers understand the language of related professionals in areas such as architecture and construction; mathematics and statistics; environmental contamination; agriculture, forestry, soils and wetlands; and green and energy-efficient building.

Other addenda contain information on real estate organizations; important U.S. government agencies, legislation and programs; significant U.S. Supreme Court decisions; and useful measures and conversions.

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Video: Appraisal Institute Connecting the Valuation Profession

In our increasingly connected world, the Appraisal Institute leads the way for the valuation profession by connecting appraisers to each other and providing the expertise, knowledge and perspective needed to excel in the profession.

The Appraisal Institute’s latest video outlines AI’s 80-year history of leveraging growth with the strength of its 21,000 professionals to move the valuation profession forward.

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Appraisal Threshold Debate a Sign of Bigger Problems

In recent remarks to a community banking conference, St. Louis Federal Reserve President James Bullard joined the chorus of voices within the banking sector suggesting one way to ease the regulatory burden of banks would be to raise the threshold for when an appraisal is required.

“Inflation adjustment alone suggests that the threshold in 2015 should be higher,” Bullard explained. “We estimate the number of required appraisals would decline significantly.” The threshold currently stands at $250,000 transaction value for any real estate and $1 million for owner-occupied commercial real estate loans, but some proposals would double the threshold, at least for real estate.

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Why Take on an Appraiser Trainee?

As any seasoned appraiser knows, training is a crucial component in learning the best practices of the valuation profession. Supervising appraisers who work with appraiser trainees have a great opportunity to share their knowledge and experience to train the next generation of appraisers.

The Need for New Appraisers

The valuation profession is shrinking at a rate of nearly 3 percent per year and has declined by 20 percent since 2007, according to the Appraisal Institute’s latest statistics. The profession is also aging, with 62 percent of professionals above the age of 51 and 57 percent with more than 20 years of experience in the field.  Although the size of the valuation profession has dwindled in recent years, the dedicated and experienced appraisers who now make up the majority of the profession have a great opportunity to impart their wisdom and expertise with up-and-coming individuals. [Read more…]

Video: Valuing Stigmatized Properties

In his years as a valuation professional, Randall Bell, Ph.D., MAI, has specialized in generating opinions of value for property that has been damaged or stigmatized. There are hundreds of ways a property could deemed as stigmatized or damaged, including environmental contamination, construction defects, natural disaster and criminal activity.

In the Appraisal Institute’s newest video, Bell speaks about his various valuation assignments from around the world and answers the following questions: [Read more…]

AI Responds to Appraisal Foundation Letter

September 25, 2015

To AI professionals and others in the real estate valuation profession: The Appraisal Institute is proud of its many decades of service to the appraisal profession and to the public.  As the largest professional real property valuation association in the world, we understand and accept our responsibilities in upholding high standards and ethics, while creating and sharing a body of knowledge that is unrivaled.

In recent years, the Appraisal Institute’s calls for modernization of the regulatory framework for real estate appraisers have upset some very powerful interests that, until recently, have gone unchecked. The AI – and, frankly, all appraisers – recently received yet another hostile communication from The Appraisal Foundation. This latest salvo unfairly and irresponsibly attacks the Appraisal Institute, and is one of a series of incursions that are unprofessional, misleading and harmful to the profession. Further, this September 9, 2015, letter clearly illustrates poor stewardship of critical responsibilities granted to TAF by the United States Congress. Sadly, these attacks are designed to protect TAF’s interests rather than the appraisal profession and those who work in it. We are dismayed!

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AI Urges NCUA to Hold Line on Credit Union Construction Loans

I’m pleased to report that AI continues its advocacy on behalf of its individuals and the valuation profession as a whole.

AI Urges NCUA to Hold Line on Credit Union Construction Loans

In an August 31 comment letter on the National Credit Union Administration’s proposed rule to expand credit union business lending, the Appraisal Institute asked the NCUA to mirror regulations and guidance issued by federal bank regulatory agencies relative to construction and development loans. AI also asked the NCUA to conduct meaningful oversight should credit unions expand their lending footprint.

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