Appraisal Institute to Launch New Website This Weekend

ai-blog-presidents-header-2014In my first monthly email message, I want each of you to know how honored and excited I am to serve as your 2014 president. I look forward to working on your behalf in the coming year! Despite the nasty weather that’s embraced most of the U.S., the Appraisal Institute continues to move forward in many important areas, which are detailed below. I’m particularly pleased to share that AI will launch its new website on February 2, and I encourage you to check out all of the great new features and improved functionality. Here’s some more information on the website.

Appraisal Institute to Launch New Website This Weekend

The Appraisal Institute’s new and improved website will launch at 9 a.m. CST, February 2. The new site will feature a wide range of improvements to the overall user experience, including a comprehensive facelift and enhanced navigation. A PowerPoint presentation and FAQs throughout the site will provide tips and updates. AI also will unveil a mobile website on February 2.

SPECIAL NOTE: During the changeover to the new website, the Appraisal Institute’s website will be unavailable from 6 a.m. CST, Saturday, February 1, to 9 a.m. CST, Sunday, February 2. All web-related functions, including online education, will be unavailable during this time. [Read more…]

What Are Appraisal Institute Review Designations?

In the organization’s latest video, the Appraisal Institute invited President Ken P. Wilson, MAI, SRA, to share some exciting news. The AI Board of Directors has decided to issue AI’s first new designations in more than 20 years.

AI: Why did the Appraisal Institute create the review designations program?

KW: The Appraisal Institute Board of Directors adopted the review designations program after years of research, responding in part to the growing and important role that appraisal review plays in risk management and mitigation for many clients and users of appraisal services. [Read more…]

The Increasing Importance of Appraisal Reviews

Since the bubble burst, appraisals have been under what many would call unfair scrutiny. Appraisers for years have reminded anyone who would listen that they reflect what’s happening in the market; nevertheless, economic uncertainty and a fluctuating real estate market leave more room for concern.

realtor workThough always an important valuation function, review appraisals in the current climate have become even more prominent within the profession and play a vital role in risk management and mitigation.

The Uniform Standards of Professional Appraisal Practice defines an appraisal reviews as “the act or process of developing and communicating an opinion about the quality of another appraiser’s work that was performed as part of an appraisal, appraisal review, or appraisal consulting assignment.”

In their July 2007 research report, “Appraisal Reviews and Their Importance,” James R. MacCrate, MAI, and Noreen Whysel explain that a number of things could cause issues in an appraisal report, often requiring an appraisal review. These include the following: [Read more…]

AI Board Approves Continuing Education Revisions

borges_blog_header

I’m excited to share some important information about AI’s review designations program, which is a significant milestone in our organization’s history.

AI Selects Names for Review Designations

The Appraisal Institute’s Board of Directors voted October 30 to approve the review designations to be AI-GRS (Appraisal Institute – General Review Specialist) and AI-RRS (Appraisal Institute –Residential Review Specialist), and for the review designation program to
commence January 1, 2014. The AI-GRS and AI-RRS designations will be the Appraisal Institute’s first new designations in more than 20 years.

Beginning in 2014, AI will offer four new courses to address review designations. Review Theory — Residential and Review Theory — Generalare scheduled to be released in first quarter 2014. Review Case Studies — Residential and Review Case Studies — General are scheduled to premiere in July 2014.

Learn more about this terrific program and how our Designated members and others can get involved. [Read more…]

Appraisal Institute Seeks to Change Continuing Education Program

borges_blog_header
AI takes seriously its role as the premier provider of education for the valuation profession, and in that regard is seeking to make an important change to its continuing education program.

AI Sends Proposed Amendments to 45-Day Notice

The Appraisal Institute on October 7 sent proposed amendments to Regulation Nos. 4 and 10 to 45-Day Notice. The proposed amendments concern moving from an hours-based continuing education system to a points-based system. The AI Board of Directors will consider the proposed amendments at its November 21-22 meeting in Chicago.

Read a summary and the full text of the proposed amendments on the “My Appraisal
Institute” page
of the AI website (log-in required). Comments on the proposed changes should be emailed to 45daynotice@appraisalinstitute.org. [Read more…]

AI Officials Meet with Asian Leaders

borges_blog_header

AI takes great pride in its role as a thought leader in the real estate valuation profession, and I’m pleased to let you know that the organization recently released the latest addition to its body of knowledge: “The Appraisal of Real Estate, 14th Edition!” [Read more…]

Appraisal Institute Review Designations Education Now Available

borges_blog_header

As AI continues its leadership role in the valuation profession, I’m pleased to let you know that the organization’s Review Designations program is progressing nicely!

Registration Open for Review Courses

The Appraisal Institute soon will begin offering two Review Designations. Designated members in good standing pursuing an Appraisal Institute review designation will be able to fulfill certain education requirements beginning in October (for residential) and December (for general) by completing one or more of these review courses, depending on which designation they are pursuing (residential or general) and which Appraisal Institute designation they already hold, if any. [Read more…]

Appraisal Institute Discusses Goals for 2013 in Latest YouTube Video

President Richard L. Borges II, MAI, SRA, discusses the Appraisal Institute’s goals and priorities for 2013, including implementing the Candidate for Designation program; addressing changing appraiser demographics; enhancing appraiser education; instituting the Review Designations program; and combating unwarranted regulation in the appraisal profession.

Watch the latest YouTube video to learn more.

If you have an “opinion of value,” please share your comments.

Appraisal Institute Reveals New Review Designations Program in Latest YouTube Video

Sara W. Stephens, MAI, discusses the Review Designations program, the Appraisal Institute’s first new designation in more than 20 years. The program was created in response to the important role that appraisal review plays in risk management and mitigation for many clients and users of appraisal services.

Watch the YouTube video

If you have an “opinion of value,” please share your comments.

Appraisal Institute Makes History at May Board Meeting

blog_presidentheadersI’m proud to share that the Appraisal Institute Board of Directors’ May 7-8 meeting was historic.

Board Approves Review Designations

The AI Board of Directors has decided to confer the Appraisal Institute’s first new designations in more than 20 years.

In response to the growing and critically important role that appraisal review plays in risk management and mitigation for many clients and users of appraisal services, the Appraisal Institute Board of Directors voted May 8 at its meeting in Chicago to create a professional appraisal Review Designations program.

The program will become available once the necessary infrastructure is completed.

I’m also pleased to report that M. Lance Coyle, MAI, SRA, of Dallas was nominated for 2013 Appraisal Institute vice president by the AI National Nominating Committee at its May 6 meeting in Chicago.

National Nominating Committee Chair Joseph C. Magdziarz, MAI, SRA, announced the committee’s decision to the Board of Directors. Board members may file petitions for additional nominees until mid-June.

To learn about other action taken at the Board meeting, click here. [Read more…]