I’m pleased to report that AI once again took a leadership role in advocating for the valuation profession in our nation’s capital. Learn more about that, and other timely updates, from the past month.
AI Condemns NCUA Action on Appraisal Thresholds
The Appraisal Institute on July 19 vigorously condemned action by the National Credit Union Administration, calling the NCUA’s decision to effectively reduce the number of appraisals required for commercial real estate loans irresponsible, radical and dangerous. The organization further called for congressional oversight.
The NCUA Board of Directors quadrupled – from $250,000 to $1 million – the appraisal threshold for nonresidential real estate loans.
Jody Bishop Elected 2020 AI Vice President
You might be interested to learn that the Appraisal Institute Board of Directors elected Pledger M. (Jody) Bishop III, MAI, SRA, AI-GRS of Charleston, South Carolina, as 2020 vice president at its July 25-26 meeting in Denver. Bishop’s one-year term at the Appraisal Institute will begin Jan. 1, followed by one year each as president-elect, president and immediate past president.
Bishop serves as a non-voting member of the Appraisal Institute Board of Directors due to his position on the Audit Committee. He has chaired the General Demonstration of Knowledge Grading Panel and has served on the Admissions and Designations Qualifications Committee. He has served as president of the South Carolina Chapter. He also is an AI associate instructor, has been a seminar and webinar author, and has served as discussion leader at the Leadership Development and Advisory Council conference.
He was named the 2018 recipient of the Edward W. Adams, SRA, Outstanding Board Services Award, was presented a 2017 President’s Award and received a 2017 Volunteer of Distinction recognition.
AI Annual Conference Highlighted by Presenters, Networking
If you weren’t in Denver this week, you missed out on the 2019 Appraisal Institute Annual Conference, which drew more than 525 attendees to the Mile High City.
The valuation profession’s premier event featured two terrific general sessions, 30 breakout sessions, abundant networking opportunities (including an event at Coors Field) and an exciting awards program … not to mention a dinner followed by dancing to music played by a band of AI professionals, known as When Nothing Else Works.
The keynote speaker at this year’s event was entrepreneur, celebrated artist and executive coach Allison Massari. The survivor of two life-threatening car crashes, severe burns and a traumatic head injury, her message showed attendees how to find peace, purpose and happiness, giving them the tools to rise above any obstacle.
Nearly a Dozen Professionals Honored with Awards
I’d like to personally congratulate the 11 valuation professionals who were recognized by their peers at this week’s AI Annual Conference, including Steve Roach, MAI, SRA, AI-GRS, who was honored with the Lifetime Achievement Award, and President’s Award recipients Stephanie Coleman, MAI, SRA, AI-GRS, AI-RRS, and Immediate Past President Jim Murrett, MAI, SRA.
Winners of AI Education and Relief Foundation awards were: Stephen Fanning, MAI, AI-GRS (James H. Pritchett Award); Robert Moorman, MAI, SRA, AI-GRS (Y.T. and Louise Lee Lum Award); Mark Ratterman, MAI, SRA (George L. Schmutz Award); and Leslie Sellers, MAI, SRA, AI-GRS (Dr. William N. Kinnard Jr. Award).
Winners of The Appraisal Journal awards were: Chris Yost-Bremm, Ph.D., and Thomas Jackson, Ph.D., MAI (Richard U. Ratcliff Award); Michael Sanders, MAI, SRA (Swango Award); and Dennis Webb, MAI (Armstrong/Kahn Award).
Read more about the award winners.
Q2 2019 ‘Volunteer of Distinction’ Honorees Named
Congratulations to the AI professionals honored by the Appraisal Institute in second quarter 2019 as a “Volunteer of Distinction:”
- Nicole Allen, MAI, AI-GRS (Virginia Commonwealth Chapter) and
- Joseph Mier, SRA, AI-RRS (Louisiana Chapter).
Any AI professional in good standing may nominate another AI professional in good standing at VOD@appraisalinstitute.org.
Check out the Nomination Form and Program Description for further details.
Other News Around AI
And here’s some other important news from the Appraisal Institute:
- If you haven’t already done so, check out the latest quarterly editions of Valuation magazine and The Appraisal Journal, which contain timely and informative articles about relevant topics.
- In collaboration with Freddie Mac, AI has added new offerings around the country of its practical appraisal training for appraisers to address manufactured housing valuation assignments for Freddie Mac’s CHOICEHomeSM. See the new offerings of this great initiative.
- Coming soon: the Appraisal Institute will launch a new online association management system, or AMS, this fall. More information about this software, affecting all AI professionals, will be forthcoming.
- AI posted a new video to its YouTube channel during the past month featuring Barb Cantrell, MAI; and Eric Schneider, MAI, SRA, AI-GRS, discussing the best parts about being an appraiser.
- AI also posted some interesting content to its “Opinions of Value” blog: Diminution Valuation Assignments Enhance Importance of Highest and Best Use, a guest post by Ben Sellers, MAI; and Scott Robinson, MAI, SRA, AI-GRS, AI-RRS; Where you Gonna Look for RMATs?, a guest post by Dennis Scardilli, Esq., MAI; Steve Roach, MAI, SRA, AI-GRS; and Leslie Sellers, MAI, SRA, AI-GRS; and Valuing Timeshares Requires Special Care: The Appraisal Journal.
- The Appraisal Institute continues to grow its social media activities. Be sure to follow AI on Facebook, Twitter, LinkedIn and YouTube.