Deadline Approaching for Online Conference Registration

 

Amorin blog header

If you’re planning to be in Ottawa, Ontario, June 8-11, for the 2017 International Valuation Conference, time is running out to get the best available registration rate!

Deadline Approaching for Online Conference Registration
Online registration for the International Valuation Conference, hosted by the Appraisal Institute and the Appraisal Institute of Canada, closes May 30. After that, onsite registration will be available, but at a higher rate. Also, remember to book your room at one of the hotels where AI and AIC have negotiated room rates: The Novotel Ottawa (reference Appraisal Institute/Appraisal Institute of Canada) and Les Suites Ottawa (reference group code AIC2017).

If your passport expires before December 8, you’re running out of time to renew! Average time to obtain or renew a passport is six weeks, so apply now. And, don’t forget to contact your mobile carrier to ensure that your phone will work in Canada. Best of all, the exchange rate currently is favorable, so your dollar will go further.

The International Valuation Conference will be one of this year’s largest networking and professional development opportunities within the valuation profession, offering:

  • Hundreds of AI and AIC members and valuation partners;
  • Educational sessions offering up to 80 AI continuing education points and 10.5 state CE credits;
  • Exhibits of cutting-edge valuation products and services;
  • An awards reception and gala dinner;
  • Networking with peers; and
  • Opportunities for exploring Canada’s capital city, Ottawa, as Canada celebrates 150 years as a nation.

Learn more about the International Valuation Conference and register.

AI Testifies Before Congress on VA Loans

Speaking at a Capitol Hill hearing, the Appraisal Institute on April 4 advocated for appraiser independence in the federal program that provides housing loans to military veterans.

AI Vice President Stephen Wagner, MAI, SRA, AI-GRS, told the Subcommittee on Economic Opportunity of the House Committee on Veterans’ Affairs that, “The Appraisal Institute supports the basic framework of the VA Fee Panel in contrast to what is currently found in the Federal Housing Administration or the private sector.” He added, “By comparison, the structure of the Fee Panel facilitates a greater degree of appraisal independence and represents a much more positive environment for real estate appraisers.”

Learn more about AI’s testimony.

AI Joins Key Industry Groups in Letter Supporting Consumer PACE Loan Protections

The Appraisal Institute on April 24 joined more than two dozen other real estate organizations in expressing support for federal legislation that would enhance consumer protection requirements for Property Assessed Clean Energy loans, known as PACE loans.

PACE loans are mortgage financing and should be subject to federal consumer protection requirements. The bill would provide these loans the same Truth in Lending Act consumer protections required of other mortgage products, including the Consumer Financial Protection Bureau’s “Ability-to-Repay” and “Know Before You Owe” rules and Home Ownership and Equity Protection Act standards.

Learn more.

AI Participates In Key Industry Events
In keeping with the Appraisal Institute’s commitment to convey its thought leadership to real estate professionals and others, I was joined by Chief Executive Officer Fred Grubbe, MBA, CAE, at the American Real Estate Society (commonly known as ARES) Annual Conference, April 4-8, in Coronado, California, where Fred addressed AI’s educational and designation offerings for academicians and AI staffed its exhibit booth.

Also, President-Elect Jim Murrett, MAI, SRA, and Immediate Past President Scott Robinson, MAI, SRA, AI-GRS, attended the Association of Appraiser Regulatory Officials (commonly known as AARO) Spring Conference, April 7-9, in Tampa, Florida, where Scott discussed modernizing the appraisal regulatory structure.

Additionally, Jim, Scott and Fred represented AI at The European Group of Valuers Associations Valuation Conference, April 20-22, in Belgrade, Serbia, where Scott presented on valuer licensing in the U.S.

AI also exhibited at the American Bar Association Spring Symposia CLE Meeting, April 19-21, in Denver.

Other News Around AI

And here’s some additional important news from the Appraisal Institute:

Have an outstanding month!

 

 

5 Questions for Commercial Solar PV Valuation

guest-blogger-banner-1

The following is a guest blog by Timothy P. Runde, MAI, LEED APsolar_panel

Valuation of solar photovoltaic systems is emerging as a must-have competency for commercial appraisers, but developing a credible opinion of value can be challenging. Whether you’re new to solar valuation or you have a portfolio of valuations under your belt, here are five questions worth considering for your next solar PV assignment. [Read more…]

VIDEO: International Valuation Conference Offers Wide Array of Educational Opportunities

UntitledThe Appraisal Institute’s latest video features Appraisal Institute 2017 President Jim Amorin, MAI, SRA, AI-GRS, and Appraisal Institute of Canada President Dan Brewer, AACI, P.App, discussing the educational opportunities for attendees at this year’s International Valuation Conference, taking place June 8 – 11 in Ottawa, Ontario.

This is the first time in 13 years that the Appraisal Institute and Appraisal Institute of Canada will co-host an annual conference. [Read more…]

VIDEO: Why Valuation Professionals Volunteer for the Appraisal Institute

Volunteer_4Volunteering for the Appraisal Institute can be a rewarding part of a valuation career, say four AI Designated Members.

The Appraisal Institute released a video in which Leslie P. Sellers, MAI, SRA, AI-GRS; Ivette Collins, MAI; Ron D. DeVries, MAI, SRA; and James L. Henderson, SRA, discuss how volunteering for the organization has [Read more…]

Cautious Optimism on Appraisal Thresholds

guest blogger banner

The following is a guest blog by Justin D. Slack, MAI, SRA, AI-GRS, AI-RRS.

While urging caution to federal regulators on raising appraisal thresholds, the Appraisal Institute is heartened by the agencies’ latest action, in which safety and soundness concerns outweigh the zeal for loan production.

The Office of the Comptroller of the Currency, National Credit Union Administration, Federal Deposit Insurance Corporation, and the Board of Governors of the Federal Reserve System on March 20 submitted a report to Congress on the results of a once every 10-year review of the Economic Growth and Regulatory Paperwork Reduction Act of 1996. The review, which technically began in 2014 with initial comment requests and included several rounds of outreach meetings into 2016, was summarized and presented in the Joint Report to Congress.

changing_rules

[Read more…]

Deadline Approaching for ‘Early Bird’ IVC Registration

Amorin blog header

If you’re thinking about heading to Ottawa, Ontario, for the 2017 International Valuation Conference, you can save yourself some money by acting today!

Deadline Approaching for ‘Early Bird’ Registration 

If you’re planning to attend the International Valuation Conference, hosted by the Appraisal Institute and the Appraisal Institute of Canada, you have just over two weeks – until April 18 – to register at the lowest available rate. Also, remember to book your room at one of the hotels where AI and AIC have negotiated room rates.

[Read more…]

Key Lessons on Market Analysis and the Appraisal Process

guest blogger bannerBen image blog sizeThe following is a guest blog by Benjamin R. Sellers, MAI.

Market analysis sets the stage for the valuation of a property. If it’s not right, then the value of the property likely won’t be defensible.

Why market analysis is important

The market analysis section of most appraisal reports is often overlooked in terms of applicable data and analysis relating to the subject property and the market in which it competes. Too many appraisers take a “one size fits all” approach to this section.

Appraisers must recognize that the market is constantly changing, and that certain scenarios require a higher level of analysis to provide a credible report for the intended user. There is no fixed formula, and certain relevant criteria must be addressed in complex assignments.

[Read more…]

Defining the Appraiser’s Role in Arbitration

guest blogger bannerThe following is a guest blog by Paula K. Konikoff, JD, MAI, AI-GRS.

shutterstock_324390098Appraisers expanding their practices into the area of arbitration can expect to play one of two roles: arbitrators or expert witnesses.

They are most often engaged in arbitrations addressing rent re-sets required by ground leases, large space leases and net leases on whole properties. They can be retained as valuation experts, or they can be retained as one of or the only (sole) arbitrator.

In either case, the valuation expert is most often “acting as an appraiser” for purposes of complying with standards, either the Appraisal Institute’s Standards of Valuation Practice, or the Uniform Standards of Professional Appraisal Practice, commonly known as USPAP. This means that the valuer must comply with the ethics and competency requirements

[Read more…]

VIDEO: International Valuation Conference Offers Exciting Off-site Activities

UntitledIn the Appraisal Institute’s latest video, AI Chief Executive Officer Frederick H. Grubbe, CAE, MBA, is joined by Appraisal Institute of Canada Chief Executive Officer Keith Lancastle, CAE, MBA, to discuss the off-site and networking opportunities awaiting attendees at this year’s International Valuation Conference, taking place June 8 – 11 in Ottawa, Ontario.

This is the first time in 13 years that the Appraisal Institute and Appraisal Institute of Canada will co-host an annual conference. [Read more…]