May 15, 2019
AI Board Approves Certificate of Completion for International Curriculum
The Appraisal Institute Board of Directors approved a “Certificate of Completion – Fundamental International Curriculum” at its May 9-10 meeting in Chicago. The curriculum will include AI’s “International Basic Appraisal Principles,” “International Basic Appraisal Procedures” and “International Valuation Standards Overview” courses.
The Board also adopted proposed amendments to the Bylaws and Regulations 8, 9 and 10 regarding Past President Designated Member status and Temporarily Non-Practicing status. The 45-Day Notice was distributed to Designated Members, Candidates, Practicing Affiliates and Affiliates on March 25.
The Board also approved sending to 45-Day Notice proposed amendments to Regulations 1 and 2 that would remove the e-demo report and defense of reports as options for completing the demonstration of knowledge requirement.
In other action, the Board of Directors:
Amended policy for the courses requirement for General Candidates for Designation by removing the requirement to take and pass “General Appraiser Report Writing and Case Studies.”
Approved a transfer of funds (in the amount of the 2018 audited surplus) from the reserve fund to the operating fund.
Elected Elaine Liz-Ramirez, MAI, to fill a vacancy on the Audit Committee.
Approved the merger of the Memphis Chapter and the Greater Tennessee Chapter (to be known as the Tennessee Chapter of the Appraisal Institute).
The Board also received the National Nominating Committee’s nomination of Matthew S. Myers, MAI, for the position of International Designated Member on the Board of Directors. The position is for a two-year term beginning Jan. 1, 2020. Board members may file petitions for additional nominees. The Board is expected to elect the International Designated Member to the Board of Directors at its next scheduled meeting.
Additionally, the Appraisal Institute conducted its annual membership meeting in accordance with the Illinois General Not For Profit Corporation Act of 1986. President Stephen Wagner, MAI, SRA, AI-GRS; President-Elect Jefferson Sherman, MAI, AI-GRS; Vice President Rodman Schley, MAI, SRA; and Immediate Past President James Murrett, MAI, SRA, reported on their activities on behalf of the Appraisal Institute, and CEO Jim Amorin, MAI, SRA, AI-GRS, reported on the activities of Appraisal Institute staff. Murrett presented the report of the National Nominating Committee, and Schley presented the Finance Committee’s report in addition to proposed amendments to the Bylaws and Regulations as noticed to AI professionals March 25.
The AI Board of Directors is next scheduled to meet July 25-26 in Denver.