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        celebrate90
90th_Anniversary  
 
With 90 years of history, the Appraisal Institute continues to serve as the nation's largest professional organization of real estate appraisers. Through its designation programs, educational offerings, advocacy efforts and publishing endeavors, the Appraisal Institute maintains its leadership position within the real estate industry and continues to be a leader in the global valuation profession.
 
A special thanks to our sponsor:   LIA

 

spotlight  
YT LUM Portrait

Y.T. Lum, MAI

 

Y.T. Lum was active in general real estate, including valuations, consultation, and property management. He was Executive Vice President of the Lum Yip Kee, Limited, and has held appointments from four Governors to the Board of Appraisers of the Oahu Land District of his state. A graduate of the University of Hawaii with a major in economics, Mr. Lum, held memberships in the Society of Real Estate Appraisers, the Appraisal Institute of Real Estate Appraisers, the Institute of Real Estate Management, the American Society of Real Estate Counselors, National Association of Real Estate Boards, the American Right of Way Association, and the Urban Land Institute. Keep Reading

 
 
90club


AI isn't the only one embracing 90 years! These dedicated members are still practicing at 90+ years!

Norman R. Benedict, Sr., MAI, SRA, AI-GRS­
 
Jesse B. Vance, Jr., MAI, SRA
 
W. Calvin Reynolds, MAI, SRA
 
Stephen P. Kisska, MAI, SRA  
R. Lee Walker, MAI
 
 
 

 

Val_Q1_thumb.    valuation_white


As the Appraisal Institute celebrates 90 years, some of the organization’s longest-serving professionals talk about their start in the industry, their love for their work and the changes they’ve seen during their careers. Read the article in the Q1 2022 edition of Valuation magazine.  

 

giveaways

In honor of our 90th milestone, we're treating you to some great stuff! We'll be sending out email surveys to our members, which upon your response, you'll be entered to win one of these great prizes! 

stdb_logo1 drone watch airpods
Year Subscription(s) Drone Apple Watch 7 Apple Pro Airpods

 

For more information see all rules and regulations. 

 

honorable_mentions

Our members have contributed so much to the valuation profession, but are more than just valuers. Take a look at these inspiring members throughout the last 90 years: 

1930 1940 1950 1960 1970 1980 1990 2000 2010 2020

 

 1930s  red_line2

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Designated in 1932, this former MAI became an appraiser in 1922 and contributed to the development of the real estate tax system in Cook County (Chicago, IL) and the foundations of real estate appraisal itself. His MAI was conferred by the American Institute of Real Estate Appraisers (AIREA), which was founded this same year.

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Designated in 1935, this former SRA was the first to earn the SRA designation conferred by the Society of Real Estate Appraisers, which was founded the same year.
1940s  red_line2

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Designated in 1944, this former MAI was a direct descendant of passengers of the Mayflower who arrived in Plymouth, MA, in 1620. He began his real estate career in his family business which was established in 1899 in New Jersey. He went on to serve as New Jersey Chapter President of AIREA in the 1960’s. His wife went on to earn her MAI and SRA in 1965 and 1966. She was one of the first women to hold these professional designations.
1950s  red_line2

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Designated in 1956, this former MAI served with his brother in WWII. Together they opened their real estate company in 1951.

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Designated in 1957, this former MAI served in the Navy in World War II and repaired patrol torpedo boats. He was also known for delivering Meals on Wheels until he was 97 years old. He passed away at 105 years of age.

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Designated in 1958, this former MAI, AIREA national President, and gifted instructor, led the committee that established the Y.T. and Louise Lee Lum Library with the Lum family in 1992.

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Designated in 1959, this former MAI and 1st Lieutenant in the 4372nd Baking Company, hid in foxholes on Utah Beach 30 days after D-Day, and baked bread for troops on the beaches and throughout France.
1960s  red_line2

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Designated in 1960, this former MAI was not only the first African American to earn the MAI designation, but he was also the first African American President of AIREA. He was a leader in breaking racial barriers in the appraisal industry. His son and business partner earned his MAI designation in 1979 and spends much of his time volunteering for the Appraisal Institute today.

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Designated in 1965, this former SRA earned his MBA from the Harvard Business School and was an avid Red Sox fan. He was a “Hats off to Hero’s” honoree at Fenway Park for his service in World War II.

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Designated in 1964, this former MAI was Canada’s last surviving Battle of Britain pilot and squadron leader. He passed away in June 2019, less than three months before his 103rd birthday.

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Designated in 1964, this former SRA was one of Arkansas’ longest married couples. He and his wife shared 77 years of marriage.

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Designated in 1966, this former SRA was a published author and a World War II, Battle of the Bulge, POW.

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Designated in 1967, this SRA was our first member designated in Japan.

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Designated in 1968, this former SRPA Designated member was the first to earn this designation.
1970s  red_line2

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Designated in 1974, this MAI was the second President of the Appraisal Institute (merged from AIREA and Society) in 1992 and the first female President of AI.

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Designated in 1975, this former RM loved a good ping pong game! She was AI’s oldest living female RM Designated member at the time of her passing in 2020.

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Designated in 1976, this former MAI, AI-GRS and AI (Appraisal Institute) Instructor was affectionately known as “Graph Man”, and frequently taught AI courses in a cape!

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Designated in 1977, this former SRA was appointed as the Deputy State Treasurer of Arizona and served as chairman of the Arizona Civil Rights Commission under three different state governors.

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Designated in 1977, this former SRPA, SRA was a cast member of the television show, The Little Rascals.

1980s  red_line2

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Designated in 1981 and 1984, this MAI, SRA has exhibited one of the world’s finest collections of textiles (from ethnic minority artists in China) at the George Washington University Museum and The Textile Museum.

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Designated in 1986, 2011, and 2015, this MAI, SRA, AI-GRS has traveled the world teaching for AI. He passed the appraisal bug to his daughter who also earned her MAI, SRA. Like father like daughter!

1990s   red_line2

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Designated in 1991, this MAI helps Habitat for Humanity rebuild homes damaged in the Southern California wildfires. Our member says, “It’s rewarding, and the victims of these disasters are very grateful.” He volunteers through the United Methodist Committee on Relief (UMCOR), which serve people of all faiths and goes where there is need.

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Designated in 1991, 1997, 2014, and 2017, this former MAI, SRA, AI-GRS, AI-RRS, was an AI Past President and represented the AI globally, including serving on the board for WAVO (World Association of Valuation Organizations). He also has an AI national award named after him.

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Designated in 1992, this MAI was the first female chair of the Young Advisory Council (YAC), now known as Leadership Development Advisory Council (LDAC).

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Designated in 1992, this MAI and PhD appraises the most notorious crime scenes in history. He is an appraiser of stigmatized properties (murder, crime, and disaster sites).

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Designated in 1997, this SRA received a national award for his volunteer work teaching poetry to children. He also teaches poetry, reading and writing to seniors and prison inmates and has been doing so for more than 20 years.

2000s  red_line2

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Designated in 2005, this MAI was the first Turkish member of the Appraisal Institute. She has spent many years establishing the foundations of the appraisal profession in Turkey. She was AI’s first international member of the Board of Directors.

2010s  red_line2

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Designated in 2014, this former MAI, SRA, AI-GRS, AI-RRS, and AI Past President, was the first individual to earn the AI-GRS designation in January of 2014, 21 days after the launch of the review designations.

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Designated in 2010 and 2017, this MAI, SRA was the first German member to earn two AI designations. He has also served the AI as a member of the International Relations Committee.

2020s   red_line2

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Designated in 2020, this MAI, SRA, AI-GRS was the youngest member (born in the 1990’s) to earn three AI designations in two-months.

Thank you for your continued membership, and for being such a passionate, ever-growing community of members.

Tell us your notable events so we can keep our history alive!!  cvann@appraisalinstitute.org

 

 
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