AI Submits Letter to ASC Opposing Appraisal Waivers

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I’m pleased to report that AI has taken another important step in its ongoing advocacy efforts on behalf of the valuation profession! Learn more about that and other important updates during the past month.

AI Submits Letter to ASC Opposing Appraisal Waivers

The Appraisal Institute on Dec. 7 joined nearly two dozen valuation organizations in submitting a letter to the Appraisal Subcommittee regarding a request from TriStar Bank for a temporary waiver of certain requirements to utilize a certified appraiser under Title XI of FIRREA.

If the waiver is approved, it would apply to all institutions, not just the requesting organization.

Read the letter.

AI Publishes Book on Subdivision Valuation

The Appraisal Institute on Dec. 19 published “Subdivision Valuation,” second edition, by Don M. Emerson, Jr., MAI, SRA.

The book provides a comprehensive overview of the methodology used in valuing existing and proposed single-unit residential subdivisions. Market and neighborhood analysis, highest and best use, profit and timeline concepts, land value, yield, line-item profit and discounting procedures are described in detail and new case studies are presented to illustrate lot presales, mortgage financing, bulk sale forecasts and the time-zero profit dilemma.

Learn more and purchase your copy!

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, AI Vice President Stephen Wagner, MAI, SRA, AI-GRS, attended the National Association of Home Builders Mortgage Roundtable, Nov. 30-Dec. 1, in New York.

Additionally, Immediate Past President Scott Robinson, MAI, SRA, AI-GRS, AI-RRS, represented AI at the World Association of Valuation Organizations (commonly known as WAVO) Workshop, Nov. 28-29, in Singapore where he presented, “AVMs, BPOs and Evaluations vs. Appraisals: A U.S. Perspective.”

Other News Around AI

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

Since this is the last message of my presidency, I’d like to express my unwavering appreciation to my fellow members of the Executive Committee, the Board of Directors, region and chapter leaders, and all the staff of the Appraisal Institute for their significant efforts, which helped our organization grow in a meaningful way during the past year.

I’d also like to thank my fellow AI professionals, including the many I’ve met during my travels around the country. You are among the best and brightest in the valuation profession, and I’m grateful for your time and effort for our organization and for our profession.

Here’s wishing you a joyous holiday season and a successful New Year!