Hotel Rooms Available for International Valuation Conference

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If you’re planning to attend the International Valuation Conference, now is a great time to make your travel arrangements!

Hotel Rooms Available for International Valuation Conference

Hotel rooms are available at properties surrounding the Shaw Centre, site of the 2017 International Valuation Conference, being held June 8-11 in Ottawa, Ontario.

Early bird registration closes April 18, so register today. Get the best available rate, and book your room at one of the hotels where AI and the Appraisal Institute of Canada have negotiated room rates.

If your passport expires before December 8, be sure to renew it today. Average time for a response is six weeks, so apply now. And don’t forget to contact your mobile carrier to ensure that your phone will work in Canada.

Learn more about the International Valuation Conference and register.

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New ‘Yellow Book’ Now Available

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I hope that you’re off to a good start in the new year!

If you’ve been waiting for the new “Yellow Book” to become available, I have some exciting news to share.

New ‘Yellow Book’ Now Available

A new version of the Uniform Appraisal Standards for Federal Land Acquisitions, commonly known as the “Yellow Book,” is available. The “Yellow Book” is promulgated by the Interagency Land Acquisition Conference for use by all agencies for federal land acquisitions.

Download a free copy of the document.

Additionally, the Appraisal Institute is scheduled to debut a new version of its Uniform Appraisal Standards for Federal Land Acquisitions: Professional Applications course in April in Chicago. There also is a recorded webinar available, Yellow Book Changes – Overview for Appraisers.

AI Publishes New Guide Note on Arbitration

Guide Note 16: Arbitration, approved by the Appraisal Institute Board of Directors in November, is now available on the AI website.

According to the Guide Note, real estate valuation professionals often are retained to provide services in arbitration matters either as arbitrators or expert witnesses. Arbitration is an alternate dispute resolution process in which the parties to a dispute agree to present their case to one or more arbitrators who render a final decision to resolve the dispute rather than try the issue in court.

Read Guide Note 16: Arbitration.

AI to Premiere Solar Course

The Appraisal Institute now offers four courses for individuals interested in completing the Valuation of Sustainable Buildings Professional Development Program. The fourth course – “Residential & Commercial Valuation of Solar” – is scheduled to premiere February 6-7 in Sacramento, California.

Attendees at the course will expand their knowledge base to understand how electricity is priced, how solar PV is priced and how solar PV functions to develop a credible opinion of value.

Learn more about the course, as well as other dates and locations.

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, President-elect Jim Murrett, MAI, SRA, presented at the Environmental Bankers Association Winter Conference, January 16-17, in Tampa, Florida.

Additionally, AI exhibited at the National Association of Home Builders International Builders’ Show, January 10-12, in Orlando, Florida, which featured nearly 1,600 exhibitors and almost 60,000 attendees.

Other News Around AI

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

  • Stay tuned for additional information about the 2017 International Valuation Conference, June 8-11, in Ottawa, Ontario. Registration will open soon. For now, learn more about this outstanding event!
  • Last year, the Appraisal Institute and its professionals appeared in more than 1,300 stories that ran in nearly 600 unique media outlets and were potentially read, seen or heard more than 1.8 billion times … with a value of nearly $1.9 million (according to vendor’s proprietary formula).
    • View a 4:30-minute video of AI’s July-December 2016 media coverage highlights on the Appraisal Institute’s YouTube channel.
  • AI recently posted a video in which I outline the organization’s plans for advancing the valuation profession.
  • The Appraisal Institute received an AVA Digital Award in the Informational category from the Association of Marketing and Communication Professionals for its video on Valuing Stigmatized Properties. AVA Digital Awards in an international competition that recognizes excellence by creative professionals responsible for the planning, concept, direction, design and production of digital communication.
  • If you haven’t already done so, check out the latest quarterly edition of Valuation magazine, which contains timely and informative articles about relevant topics.
  • The Appraisal Institute continues to grow its social media presence. Be sure to follow AI on Facebook, Twitter, LinkedIn and YouTube.

Have an outstanding month!

 

AI Premieres Latest Review Designation Course

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I hope you’re enjoying the holiday season and that 2016 was a successful year for you! This year has been both exciting and challenging for the valuation profession, and the Appraisal Institute has been busy on your behalf.

If you’ve thought about pursuing an Appraisal Institute review designation, or have been waiting for the latest education offering, I’m pleased to share with you some exciting news.

AI Premieres Latest Review Designation Course

Review Case Studies – Residential, which is the newest offering in AI’s review designation education line-up, premiered December 12-13 in Chicago.

Attendees who take the Review Case Studies – Residential course will apply the review process learned in Review Theory Residential by walking through a case study that focuses on a two-stage review assignment.

Learn more about the course and check the schedule for future offerings.

AI to Offer ‘Yellow Book’ Webinar

The Appraisal Institute will host a webinar, “2016 Yellow Book Changes – Overview for Appraisers,” in early 2017.

This program will provide an overview of the major changes to the 2016 version of the Uniform Appraisal Standards for Federal Land Acquisitions, commonly known as the Yellow Book. The program will provide an initial analysis of major issues and considerations that appraisers performing Yellow Book assignments should pay particular attention to, such as issues relating to “Larger Parcel,” market analysis and highest and best use.

The program will include a Q&A session for appraisers to understand the full context of the changes. Registration will open soon.

Other News Around AI

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

Finally, I want to thank you, again, for the opportunity to serve as your 2016 president. I have had the opportunity to personally meet or speak directly with many of you, and have enjoyed the feedback, constructive ideas and thoughts for our organization’s direction. I believe that the Appraisal Institute’s future is very bright as we move into our 85th year of service to membership, the profession and the public. We have so many opportunities in front of us, and I look forward to assisting in their pursuit.

I wish each of you a happy holiday season and look forward to continued service as your immediate past president next year under the leadership of 2017 President Jim Amorin MAI, SRA, AI-GRS, and the rest of the Board of Directors.

Sincerest wishes for a Happy New Year!

5 Misconceptions about Appraisals and Appraisers

While some real estate professionals and consumers might have a good understanding about appraisals and valuation professionals, some common misconceptions do exist.

Facts

Myth: Assessed value should equate to market value.

Reality: While most states support the concept that assessed value approximate estimated market value, this often is not the case. Examples include when interior remodeling has occurred and the assessor is unaware of the improvements, or when properties in the vicinity have not been reassessed for an extended period.

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AI Seeks Proposals for 2017 Conference’s Educational Sessions

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It’s hard to believe that we’re in the fourth quarter of 2016!  This year has really flown by, and I hope that this message finds your business doing well.

Do you have strong expertise in a specific valuation practice area? Have you ever considered sharing that knowledge with your fellow appraisers and others? If so, I’d like to encourage you to consider submitting a presentation proposal for the 2017 International Valuation Conference.

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AI Seeks Proposals for 2017 International Conference Educational Sessions

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Your association is in the midst of a busy few months, with AI’s other elected officers and I traveling throughout the country and around the world to enhance relationships, make new connections and help expand AI’s national and international opportunities.

AI Seeks Proposals for 2017 International Conference Educational Sessions

The Appraisal Institute is seeking proposals by October 28 for presentations for the joint AI-Appraisal Institute of Canada 2017 International Valuation Conference, June 8-11, in Ottawa, Ontario, Canada.
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AI Joins Industry Opposition to PACE Loan Changes

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As we near the end of summer, I hope your business has been good, but that you have had some time for some fun. I also want to express my concerns on behalf of AI for those who have been affected by weather, wildfire or other issues.

I’m proud to report that the Appraisal Institute has further expanded its role as the real estate valuation profession’s thought leader through the release of a new Guide Note.

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