Deadline Approaching for Online Conference Registration

 

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If you’re planning to be in Ottawa, Ontario, June 8-11, for the 2017 International Valuation Conference, time is running out to get the best available registration rate!

Deadline Approaching for Online Conference Registration
Online registration for the International Valuation Conference, hosted by the Appraisal Institute and the Appraisal Institute of Canada, closes May 30. After that, onsite registration will be available, but at a higher rate. Also, remember to book your room at one of the hotels where AI and AIC have negotiated room rates: The Novotel Ottawa (reference Appraisal Institute/Appraisal Institute of Canada) and Les Suites Ottawa (reference group code AIC2017).

If your passport expires before December 8, you’re running out of time to renew! Average time to obtain or renew a passport is six weeks, so apply now. And, don’t forget to contact your mobile carrier to ensure that your phone will work in Canada. Best of all, the exchange rate currently is favorable, so your dollar will go further.

The International Valuation Conference will be one of this year’s largest networking and professional development opportunities within the valuation profession, offering:

  • Hundreds of AI and AIC members and valuation partners;
  • Educational sessions offering up to 80 AI continuing education points and 10.5 state CE credits;
  • Exhibits of cutting-edge valuation products and services;
  • An awards reception and gala dinner;
  • Networking with peers; and
  • Opportunities for exploring Canada’s capital city, Ottawa, as Canada celebrates 150 years as a nation.

Learn more about the International Valuation Conference and register.

AI Testifies Before Congress on VA Loans

Speaking at a Capitol Hill hearing, the Appraisal Institute on April 4 advocated for appraiser independence in the federal program that provides housing loans to military veterans.

AI Vice President Stephen Wagner, MAI, SRA, AI-GRS, told the Subcommittee on Economic Opportunity of the House Committee on Veterans’ Affairs that, “The Appraisal Institute supports the basic framework of the VA Fee Panel in contrast to what is currently found in the Federal Housing Administration or the private sector.” He added, “By comparison, the structure of the Fee Panel facilitates a greater degree of appraisal independence and represents a much more positive environment for real estate appraisers.”

Learn more about AI’s testimony.

AI Joins Key Industry Groups in Letter Supporting Consumer PACE Loan Protections

The Appraisal Institute on April 24 joined more than two dozen other real estate organizations in expressing support for federal legislation that would enhance consumer protection requirements for Property Assessed Clean Energy loans, known as PACE loans.

PACE loans are mortgage financing and should be subject to federal consumer protection requirements. The bill would provide these loans the same Truth in Lending Act consumer protections required of other mortgage products, including the Consumer Financial Protection Bureau’s “Ability-to-Repay” and “Know Before You Owe” rules and Home Ownership and Equity Protection Act standards.

Learn more.

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, I was joined by Chief Executive Officer Fred Grubbe, MBA, CAE, at the American Real Estate Society (commonly known as ARES) Annual Conference, April 4-8, in Coronado, California, where Fred addressed AI’s educational and designation offerings for academicians and AI staffed its exhibit booth.

Also, President-Elect Jim Murrett, MAI, SRA, and Immediate Past President Scott Robinson, MAI, SRA, AI-GRS, attended the Association of Appraiser Regulatory Officials (commonly known as AARO) Spring Conference, April 7-9, in Tampa, Florida, where Scott discussed modernizing the appraisal regulatory structure.

Additionally, Jim, Scott and Fred represented AI at The European Group of Valuers Associations Valuation Conference, April 20-22, in Belgrade, Serbia, where Scott presented on valuer licensing in the U.S.

AI also exhibited at the American Bar Association Spring Symposia CLE Meeting, April 19-21, in Denver.

Other News Around AI

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

Have an outstanding month!

 

 

Cautious Optimism on Appraisal Thresholds

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The following is a guest blog by Justin D. Slack, MAI, SRA, AI-GRS, AI-RRS.

While urging caution to federal regulators on raising appraisal thresholds, the Appraisal Institute is heartened by the agencies’ latest action, in which safety and soundness concerns outweigh the zeal for loan production.

The Office of the Comptroller of the Currency, National Credit Union Administration, Federal Deposit Insurance Corporation, and the Board of Governors of the Federal Reserve System on March 20 submitted a report to Congress on the results of a once every 10-year review of the Economic Growth and Regulatory Paperwork Reduction Act of 1996. The review, which technically began in 2014 with initial comment requests and included several rounds of outreach meetings into 2016, was summarized and presented in the Joint Report to Congress.

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Deadline Approaching for ‘Early Bird’ IVC Registration

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If you’re thinking about heading to Ottawa, Ontario, for the 2017 International Valuation Conference, you can save yourself some money by acting today!

Deadline Approaching for ‘Early Bird’ Registration 

If you’re planning to attend the International Valuation Conference, hosted by the Appraisal Institute and the Appraisal Institute of Canada, you have just over two weeks – until April 18 – to register at the lowest available rate. Also, remember to book your room at one of the hotels where AI and AIC have negotiated room rates.

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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.

[Read more…]

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.

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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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