AI Backs Revisions as Senate OKs Banking Reform Bill

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I’m proud to tell you that the Appraisal Institute continued its legislative and regulatory advocacy leadership in March, working for the entire valuation profession! Here’s more about that, and other news, from the past month.

AI Backs Revisions as Senate OKs Banking Reform Bill

The Appraisal Institute led nearly three dozen valuation organizations in supporting revisions to a bipartisan Senate bill that passed March 14. The measure, which now goes to the House, rolled back many post-financial-crisis banking rules found in the Dodd-Frank Act.

Although the Appraisal Institute took no position on the bill, it endorsed changes to proposed appraisal exemptions found in a previous version of the measure.

Learn more and read the Appraisal Institute’s letter.

Registration Now Open for AI’s 2018 Annual Conference

The Appraisal Institute has opened registration for its 2018 Annual Conference, July 30-Aug. 1, at the brand new JW Marriott hotel in downtown Nashville, Tennessee.

Register by April 13 to be entered into a drawing to win one of three American Airlines flight vouchers good for round-trip travel to Nashville! Full terms and conditions of this drawing can be found here.

Alison Levine, a best-selling author and mountain climber focused on leading teams in extreme environments, and Don Gossman, SRA, an appraiser and author who worked with the FBI and U.S. Attorney’s office to help break up a mortgage fraud ring, will be the keynote speakers at the Annual Conference.

I hope to see you at the AI Annual Conference, which will feature informative speakers, extensive opportunities for networking, education sessions (with the chance to earn Appraisal Institute and state continuing education credit), an awards ceremony, vendor exhibits and plenty of opportunities to explore Nashville.

Learn more about the AI Annual Conference and register.

AI to Premiere Commercial Leases Course

The Appraisal Institute will premiere “Evaluating Commercial Leases: The Tenant and the Terms Both Matter” on May 18 in Chicago.

This seven-hour seminar introduces participants to how the terms of a lease and the risk profile of the tenant influence the valuation of commercial real estate.

Learn more about the course and register.

AI Works with RESNET to Create Appraisal Portal

The Appraisal Institute on March 13 announced a joint effort with the Residential Energy Services Network to launch an appraiser portal that allows AI professionals to access data for properties with Home Energy Rating System Index scores.

Learn more about the AI-RESNET relationship. If you missed the joint March 28 webinar, you can access it here.

AI Contributes at Major Industry Events

In keeping with the Appraisal Institute’s commitment to convey its thought leadership to real estate professionals and others, I co-presented with Sandy Adomatis, SRA, at the RESNET Building Performance Conference, Feb. 26-28, in Orlando, Florida, on “The New AI Residential Green and Energy Efficient Addendum: Auto Populate it with HERS” and “How Energy Raters Survive HERS in the Real Estate Transaction.” I also presented to the RESNET board of directors, of which AI Immediate Past President and Acting CEO Jim Amorin, MAI, SRA, AI-GRS, is a member, on the partnership between the two organizations.

Additionally, I presented at the Realtors Land Institute National Land Conference, March 12-14, in Nashville, Tennessee, on “Intersection of Appraisal & Environmental,” and at the Urban and Regional Information Systems Association/International Association of Assessing Officers GIS/CAMA Technologies Conference, March 19-22, in Houston, on “Rise of the Machines: Appraisals vs. AVMs.”

AI also exhibited at Valuation Expo, March 19-21, in Charleston, South Carolina, during which President-Elect Stephen Wagner, MAI, SRA, AI-GRS, moderated the panel “Appraisal Policy and Procedures,” and taught the Appraisal Institute course, “7-Hour National USPAP Update.”

Other News Around AI

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

  • AI welcomes ideas for guest posts on its “Opinions of Value” blog. Any topic of interest to valuation professionals will be considered, and residential subjects are of particular interest. Check out the guest blogger submission guidelines.
  • The Annual Meeting of the Appraisal Institute Membership, held pursuant to the Illinois General Not-for-Profit Corporation Act, will take place May 10 at Appraisal Institute headquarters in Chicago. The meeting will commence at approximately 9 a.m. CDT and run until all business is concluded. The purpose of this meeting is to discuss the state of affairs of the Appraisal Institute.
  • The Appraisal Institute continues to grow its social media activities. Be sure to follow AI on Facebook, Twitter, LinkedIn and YouTube.