This month, I’m pleased to report that the Appraisal Institute has been particularly active in Washington, D.C., representing the interests of its members and those of the valuation profession.
AI Tells Congress of ‘Dangerous’ Regulation
During my Capitol Hill testimony, June 28, on behalf of the Appraisal Institute, I warned the House Financial Services Committee’s Subcommittee on Insurance, Housing and Community Opportunity that a “new and excessive” form of regulation is about to be enacted without Congressional authorization, and that such a scheme could damage the valuation profession.
I further testified to the Capitol Hill hearing that although appraising is the most heavily regulated activity within the mortgage and real estate sectors, appraiser regulatory agencies are planning to enact further changes that would threaten to tie the hands of appraisers, curtail innovation and increase regulatory burdens on appraisers and financial institutions.
The Appraisal Institute offered a seven-part legislative proposal to realign the appraisal regulatory structure.
Click here to view written testimony by witnesses at the hearing. Once on the homepage, click on the individual names for the testimony.
Appraisal Institute Leads Way on Separating Fees
The Appraisal Institute reiterated its support of separating appraisal and appraisal management company fees on mortgage disclosure forms, June 20, in written testimony to Congress.
AI and the American Society of Farm Managers and Rural Appraisers originally voiced support when drafts of the Consumer Financial Protection Bureau’s proposed Consumer Disclosure Form were released in February.
Special Introductory Fee Expires Soon
Don’t forget that sign-up is under way for the Appraisal Institute’s Candidate for Designation program. The 2013 annual fee for the Candidate program is $450, but current Associate members who enroll in the Candidate program by Aug. 31, 2012 will receive a special introductory Candidate program fee of $395 – a $55 discount. Click here to learn more.
Annual Meeting Registration Deadline Approaching
Registration for the 2012 Appraisal Institute Annual Meeting, to be held Aug. 1-3 in San Diego, closes on July 20. Join fellow AI members for three days of education, exhibits, networking, awards and fun. Click here to register.
Other News Around AI
And finally, here’s some other important news from the Appraisal Institute:
- AI premiered a new education offering, June 26-27. Case Studies in Appraising Green Commercial Buildings is the latest course in the Valuation of Sustainable Buildings Professional Development Program.
- The Appraisal Institute’s “Guide Note 12: Analyzing Market Trends” addresses to what extent appraisers are responsible for recognizing changes in market conditions, and what steps appraisers must take to ensure due diligence is done regarding the analysis of market trends. Download it here.
If you have an “opinion of value,” please share your comments.