The Appraisal Institute has a great opportunity for valuation professionals and others to gain visibility at the organization’s biggest event of the year. Learn more about that and see other important updates from AI during the past month.
AI Seeks Proposals for Sessions at 2018 Annual Conference
The Appraisal Institute is seeking proposals by Dec. 1 for presentations at the Appraisal Institute 2018 Annual Conference, July 30-Aug. 1, in Nashville, Tennessee. The conference theme is “Setting the Stage for Success.”
Attendees of previous AI Annual Conferences said they were particularly interested in these topics:
- Business best practices
- New technology and resources
- Sustainability in real estate
- Capital markets issues
- Market analysis
- International valuation
- Property rights issues
- Litigation support
- Residential issues and practices.
Learn more about submitting a presentation.
AI Joins 35 Groups Seeking to Halt Appraisal Waivers
The Appraisal Institute on Sept. 7 joined about three dozen valuation groups in asking Congress to call on the Federal Housing Finance Agency to prevent Freddie Mac and Fannie Mae from issuing appraisal waivers.
The government-sponsored enterprises recently announced plans to no longer require appraisals for first purchase loans, as well as for mortgage refinancing.
AI Hosts Property Rights Symposium
The Appraisal Institute on Sept. 6-7 hosted a Property Rights Symposium at its Chicago office, where valuation experts discussed valuing the fee simple interest in real estate sold as leased. This issue is critical for eminent domain and property taxation scenarios, which seek the value of fee simple, and for mortgage lending, among others.
Read more about the Property Rights Symposium.
AI Joins Letter in Support of Proposed HUD Deputy Secretary
The Appraisal Institute joined nearly 60 other organizations in submitting a Sept. 4 letter to Senators Mitch McConnell, R-Ky., and Chuck Schumer, D-N.Y., in support of Pam Patenaude’s nomination to be deputy secretary of the U.S. Department of Housing and Urban Development.
Read the letter.
AI Project Team Begins Search for New CEO
Earlier this month, I appointed eight AI Designated Members to the CEO Search Project Team. Their assignment is to identify and recommend to the Board of Directors one or more candidates to serve as the Appraisal Institute’s next chief executive officer. (You might recall from my email to all AI professionals last month that the Board accepted Fred Grubbe’s resignation on Aug. 24.)
The CEO Search Project Team consists of Scott Robinson, MAI, SRA, AI-GRS, chair; Sandy Adomatis, SRA; Roger Bush, MAI, SRA; Joe Comperchio, SRA; Woody Fincham, SRA, AI-RRS; Charlie Lentz, MAI; Sara Stephens, MAI, AI-GRS; and Joe Woods, Jr., SRA. Joan Barngrover will serve as staff liaison.
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, Immediate Past President Scott Robinson, MAI, SRA, AI-GRS, presented at the Association of Romanian Valuers (commonly known as ANEVAR) Valuation Conference, Sept. 9, in Bucharest, Romania, on “Valuation Methodology for Chapter 11.”
Additionally, I was joined by Vice President Stephen Wagner, MAI, SRA, AI-GRS, for a presentation at the IAAO International Conference on Assessment Administration, Sept. 24-27, Las Vegas, where we presented “Valuation Challenges: Cap Rate, Highest and Best Use, RCN.”
Scott also spoke at the Iowa Commercial Real Estate Expo, Sept. 27, in Des Moines, where he addressed “Appraisal: What is the Value?”
Other News Around AI
And here’s some additional important news from the Appraisal Institute:
- AI posted a new video this month to its YouTube channel featuring Michelle Alexander, MAI; Rob Caringella, MAI, SRA, AI-GRS; and Frank Lucco, SRA, discussing how being an AI Designated Member has helped their career.
- If you haven’t already done so, I encourage you to check out the latest quarterly editions of Valuation magazine and The Appraisal Journal, which contain timely and informative articles about relevant topics.
- The Appraisal Institute Relief Foundation can help AI professionals and others who are impacted by Hurricanes Irma, Harvey and Maria. AIRF also welcomes donations. Since Aug. 28, when AIRF initially appealed for donations to aid those impacted by Hurricane Harvey, the organization has raised nearly $23,000.
- Be sure to follow AI on Facebook, Twitter, LinkedIn and YouTube.
Have an outstanding month!