Live from AI Connect: July 29

AI Connect HeaderGeneral Session Addresses Key Valuation, Legal Issues

Small EdAttendees of the Appraisal Institute Annual Meeting’s closing general session on July 29 were enlightened by Edward J. Pinto, American Enterprise Institute resident fellow and co-director of AEI’s International Center on Housing Risk, who addressed, “Appraisal Theory: Back to Fundamentals;” and Susan Talley, an attorney at Stone Pigman Walther Wittmann L.L.C. in New Orleans, and co-chair of the firm’s Real Estate, Finance and Construction Practice Group, who discussed, “Valuing Lawyers: How a Client’s Legal Team Can Improve the Valuation Process.”

Talley SmallPinto told the audience that the Appraisal Institute should be out front on the issue of intrinsic value. He added that an appraisal should be the guard rail protecting the interests of the lender, investor and borrower. Talley noted that appraisers and lawyers should work together to further their clients’ interests. She further advocated that when appraisers are serving as an expert, they should work with their counsel to understand all the rules under which they operate.

AI Honors 8 National Award Winners

GroupJohn P. Fredrickson, MAI, SRA, of Walla Walla, Washington; Jerome Haims, MAI, SRA, of New York; and Richard A. Stephens, MAI, SRA, AI-GRS, of Little Rock, Arkansas, were honored with the Lifetime Achievement Award and Michael V. Tankersley, MAI, SRA, AI-RRS, of Lewisburg, Tennessee, was named the recipient of the Outstanding Service Award during the Appraisal Institute Annual Meeting Wednesday in Dallas. President’s Award recipients were Kerry M. Jorgensen, MAI, of Sandy, Utah; Ruth A. Kelton of Dallas; R. Wayne Pugh, MAI, of Baton Rouge, La.; and Ken P. Wilson, MAI, SRA, of Plano, Texas.

2016 Annual Meeting

Save the date for next year’s Appraisal Institute Annual Conference, July 25-27, 2016, in Charlotte, N.C.

Join the conversation on Twitter: #AIConnect15

Live from AI Connect 2015: July 28

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Connect with Your Colleagues

The Appraisal Institute Annual Meeting offers unparalleled opportunities for attendees to network with leaders in the valuation profession. To reconnect with long-distance friends and colleagues, or to contact new acquaintances, view the directory of registered attendees online to help locate and reconnect with colleagues. [Read more…]

Live from AI Connect 2015: July 27

AI Connect HeaderNational Geographic Photographer Inspires Attendees

Award-winning National Geographic magazine photographer and Academy Award-nominated motion picture director Dewitt Jones, keynote speaker at this year’s AI Connect, told attendees on Monday to train their technique and put themselves in the place with the most potential. Jones encouraged nearly 400 attendees to create an extraordinary vision that everyone knows is possible every day, and to continually find the next right answer. [Read more…]

AI Responds to Appraisal Foundation Letter

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June 26, 2015

Dear Appraisal Institute Colleague:

If you haven’t had the opportunity to see the Appraisal Institute’s response to The Appraisal Foundation’s “Legislative Alert,” I encourage you to read it.

AI Addresses The Appraisal Foundation’s Letter on Federal Regulations

Earlier this month, you may have received or at least heard of a letter from The Appraisal Foundation titled “Legislative Alert.” This letter contained inaccurate and incomplete information.

The Appraisal Institute has maintained a full-time staff and office in Washington, D.C., for decades. With the guidance and direction of the Board and the Government Relations Committee, AI consistently protects the interests of not just AI professionals, but all valuation professionals, at the state and federal government levels.

Read more about AI’s efforts. [Read more…]

Debunking Myths about Home Appraisals

Before consumers purchase a home, or refinance an existing mortgage, obtaining an appraisal is a crucial step in the process. However, some misconceptions exist about appraisals and appraisers and the Appraisal Institute encourages homeowners and prospective homebuyers to understand the following myths and realities.

comparablesMyth:  Assessed value should equate to market value.

Reality: While most states support the concept that assessed value approximates estimated market value, this often is not the case.

[Read more…]

A Special Message from the AI President

Special AnnouncementDear Colleague:

Earlier this week, you may have received or at least heard of a letter from The Appraisal Foundation (TAF) titled “Legislative Alert.” This letter contained inaccurate and incomplete information. Therefore, here’s some information you should know regarding TAF’s letter.

The Appraisal Institute (AI) has maintained a full-time staff and office in Washington, D.C., for decades. With the guidance and direction of the Board and the Government Relations Committee, AI consistently protects the interests of not just AI professionals, but all valuation professionals, at the state and federal government levels. [Read more…]