Members Win with Unified Voice on Appraisal Issues
Release Date: January 22, 2007
WASHINGTON, D.C. – Legislators and government officials will hear a unified voice from the real estate appraisal profession during 2007, thanks to an agreement signed by the four largest appraisal organizations in the United States. The Appraisal Institute, the American Society of Appraisers (ASA), the American Society of Farm Managers and Rural Appraisers (ASFMRA), and the National Association of Independent Fee Appraisers (NAIFA) have signed an agreement that will enable the organizations to work cooperatively in the area of government relations. Under the agreement, the Washington, D.C. Office of the Appraisal Institute will be responsible for monitoring proposed real estate legislation and will keep members of all four organizations informed of relevant federal and state regulatory real estate issues.
“For the past few years the Appraisal Institute has worked successfully with the ASA and ASFMRA in advocating for issues that are important to our members,” said Don Kelly, the Appraisal Institute’s Chief External Relations Officer. “This year we are proud to be joined by NAIFA because the more we can speak as a unified profession, the more success we will have in influencing public policy.”
The legislative issues and activities the appraisal organizations will pursue during 2007 include:
-Achieving appraisal licensing reform to ensure greater professionalism;
-Combating mortgage fraud by working with Congress and other organizations on solutions to the deficient regulatory structure for the appraisal and lending communities;
-Supporting appraiser independence as a consumer benefit;
-Promoting professional appraisers as a resource for a wide array of real estate concerns.
”The issues of mortgage fraud and predatory lending are likely to be near the top of the agenda for several Congressional committees,” noted Bill Garber, Director of Government Affairs for the Appraisal Institute. “It’s important that the top real estate appraisal organizations speak with a unified voice to help enact change.”
As the leading organization for professional real estate appraisers, the Appraisal Institute represents more than 21,000 members worldwide. Members benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA and SRA designations. Appraisal Institute members adhere to a strictly enforced Code of Professional Ethics and Standards of Professional Appraisal Practice. For more information regarding the Appraisal Institute, please visit www.appraisalinstitute.org
The American Society of Appraisers is an organization of appraisal professionals and others interested in the appraisal profession. International in structure, it is self-supporting and independent. The oldest and only major appraisal organization representing all of the disciplines of appraisal specialists, the society originated in 1936 and incorporated in 1952. ASA's headquarters is in the metropolitan Washington, D.C., area. For more information on the American Society of Appraisers, please visit www.appraisers.org.
The American Society of Farm Managers and Rural Appraisers was founded in 1929 to create and maintain a professionally trained group of farm managers, rural appraisers, review appraisers and accredited agricultural consultants capable of providing expert guidance and assistance to farmland owners, farmers, and other groups which have caretaking responsibilities for farm lands and rural properties. These caretakers include banks, insurance companies, attorneys, accountants, etc. For more information on ASFMRA, please visit www.asfmra.org.
Headquartered in Chicago, the National Association of Independent Fee Appraisers was founded in 1961 as a nonprofit professional association of real estate appraisers. Today, the Association has chapters throughout the United States, Mexico, Canada, and continues to grow both in number and stature. The Association's objectives are to raise the standards of the appraisal profession, gain recognition for its members as qualified professionals, and to promote fellowship among appraisers. For more information on NAIFA, please visit www.naifa.com.