I’m pleased to report that AI once again took a position in advocating for the valuation profession in our nation’s Congress. Learn more about that, and other timely updates, from the past month.
AI Urges Passage of Appraisal Portal Legislation
As you may know, the Appraisal Institute on July 9 sent a letter to Reps. David Kustoff, R-Tenn., and Ed Perlmutter, D-Colo., urging swift passage of HR 7688, the Portal for Appraisal Licensing Act of 2020. We expect that this legislation will amend the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to establish a portal for appraisal credentialing and AMC registration information, and for other purposes.
The Appraisal Institute noted in its letter that “the Portal for Appraisal Licensing Act of 2020 addresses all of these concerns by authorizing the Appraisal Subcommittee – a federal agency – to work with state appraiser regulatory agencies to establish a portal to provide appraisers one-stop shopping capabilities in applying for and renewing appraiser licenses and certifications. Enactment of the Portal for Appraisal Licensing Act of 2020 will dramatically improve the business and regulatory environment for appraisers and help attract and retain qualified practitioners to the appraisal profession.”
AI Webinars Continues to Provide Timely Information for Appraisers
Here’s some current and important information that may be useful to your business during this pandemic.
The Appraisal Institute continues to host a weekly AI Answers session most Wednesdays. These sessions are conducted via GoToMeeting. Please check out the recordings of these sessions.
During the July 1 session, Appraisal Institute Director of Government and External Relations, Bill Garber, and Director of Research & Corporate Engagement, K.C. Conway, MAI, CRE, CCIM, with the Alabama Center for Real Estate, discussed the latest economic indicators and the state of the real estate market.
The Appraisal Institute was pleased to host a session July 15 featuring Founder and Chief Executive Officer of Property Sciences, Inc, Paul Chandler, MAI, who shared some behind-the-scenes observations on AVM quality and reliability, and looked ahead to some issues facing regulators in developing AVM quality control standards.
On July 22, Bill Garber spoke with Jonathan Thatcher, CSCP, CLTD, CAE, senior manager of research for the Appraisal Institute, who analyzed recent time series survey results of appraisal professionals in the midst of the COVID-19 pandemic.
On July 29, Bill Garber was pleased to speak with Bob Wislow, chairman of Parkside-Realty Inc.; co-leasing agents, Camille Julmy and Katie Scott; and architect, Lamar Johnson with Lamar Johnson Collaborative, to discuss the first office building in the United States designed for the post-COVID-19 environment.
Learn the Latest News and Updates on How COVID-19 Affects Appraisers
With the pandemic still in existence, the Appraisal Institute wants to provide vital information on how the coronavirus pandemic is affecting appraisers. On our Coronavirus Updates page, you’ll continue to find news and updates from government-sponsored enterprises and agencies. You’ll also find all of AI’s resources that are relevant to the pandemic including: AI Answers, webinars, ANO articles, guides, summaries and emails.
Please visit the Coronavirus Updates page on AI’s website.
New Webinar Series Describes Desktop Appraisals
If you’re among the general and residential appraisers that serve lenders, I encourage you to check out AI’s 7-hour seminar, “Desktop Appraisals (Bifurcated, Hybrid) and Evaluations,” which will premiere Aug. 31.
The seminar will review the expectations of alternative appraisal services, potential uses, appraisal standard implications, scope of work and liability concerns as it applies to residential and commercial assignments.
Q2 2020 ‘Volunteer of Distinction’ Honorees Named
Congratulations to Charles L. Cather, SRA, (Ohio Chapter) and Betsy K. Hughes, SRA, AI-RRS, (Hampton Roads Chapter), who were honored by the Appraisal Institute for their AI, valuation profession and community service as a “Volunteer of Distinction” for second quarter 2020.
Any AI professional in good standing may nominate another AI professional in good standing at VOD@appraisalinstitute.org.
Other News Around the Appraisal Institute
And here’s some other important news from the Appraisal Institute:
- Be sure to save the date for the Appraisal Institute’s 2021 Annual Conference, Aug. 9-10, at the JW Marriott Orlando, Grande Lakes. Stay tuned for more details in the coming months.
- On July 1, North Carolina House Speaker Tim Moore appointed Jack C. (Cal) Morgan III, MAI, SRA, AI-GRS, owner of JC Morgan Company in Wilmington and chair of the city’s Zoning Board of Adjustment, to the state’s Appraisal Board. His term runs to June 30, 2021.
- AI posted a new video to its YouTube channel during the past month featuring information about AI’s media coverage highlights from January through June 2020.
- Have you read the latest issues of Valuation magazine and The Appraisal Journal? If not, check out the terrific content!
- The Appraisal Institute continues to expand its social media activities. Be sure to follow AI on Facebook, Twitter, LinkedIn and YouTube.
Have a safe month!