Appraisal Institute Outlines 2017 Plans: Valuation Magazine
January 6, 2017 08:00 AM
CHICAGO (Jan. 6, 2017) – The Appraisal Institute has the plans and momentum to address opportunities and challenges facing the real estate valuation profession, the organization’s 2017 elected officers said in an article published in Valuation magazine’s Fourth Quarter 2016 issue.
Valuation magazine is a quarterly publication of the Appraisal Institute, the nation’s largest professional association of real estate appraisers.
In the magazine’s cover story, “A Framework for the Future,” the Appraisal Institute’s 2017 elected officers – President Jim Amorin, MAI, SRA, AI-GRS; President-Elect James L. Murrett, MAI, SRA; Vice President Stephen S. Wagner, MAI, SRA, AI-GRS; and Immediate Past President Scott Robinson, MAI, SRA, AI-GRS – discuss AI’s plans to further expand internationally and to oppose over-regulation of the profession.
They also address the organization’s three-year strategic plan, its recent congressional testimony on appraiser regulatory relief, and its growing emphasis on green valuation, among many other issues. The Appraisal Institute’s 2017 national officers also include AI Chief Executive Officer Frederick H. Grubbe, CAE, MBA.
Read “A Framework for the Future” in Valuation magazine’s Fourth Quarter 2016 issue.
Also in this issue:
In “The Benefit of Hindsight,” the Appraisal Institute explores the federal bank regulatory agencies’ intent to propose regulatory relief measures for banks, which may involve a reduction in appraisal requirements and an increase in appraisal threshold levels. AI opposes such measures, noting that the last round of changes — 22 years ago — missed the mark, and revisits the 1994 decisions to better understand how the agencies may approach a new round of relief.
“The Grass is Not Always Greener” examines how international appraisers face liability risk that may be two to three times worse than that faced by their U.S. counterparts due to the types of appraisal reports produced overseas and seemingly less sympathetic court systems.
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The Appraisal Institute is a global professional association of real estate appraisers, with nearly 20,000 professionals in almost 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org.