AI Board of Directors Adopts 45-Day Notice Items During May Meeting

The Appraisal Institute Board of Directors voted to adopt four 45-Day Notice items during its May 12-13 meeting in Chicago. The 45-Day Notice items address Bylaws modernization, the Candidate for Designation program, alternate chapter representatives to regional committees and proposed amendments to the Appraisal Institute Code of Professional Ethics and Explanatory Comments to the Code of Professional Ethics.

The Board also:

• Directed to 45-Day Notice proposed amendments to Regulation No. 9 regarding eligibility to serve on regional nominating committees and regional nominations and elections and to direct distribution of an Exposure Draft of a proposed Regional Election Policy.
• Directed to 45-Day Notice proposed amendments to the Bylaws regarding removal of officers, directors and committee members, Executive Committee authority between meetings and Board ratification of Executive Committee actions.
• Referred proposed amendments to the Bylaws, Regulation No. 7, Regulation, No. 8 and Regulation No. 9 regarding eligibility for national, regional and chapter service to the Admissions and Designation Qualifications Committee for further study.
• Voted to approve the Appraisal Institute courses required to be completed in order to receive a Real Estate Analyst Professional Development Program Certificate of Completion.
• Voted to amend the Inflationary Dues Increase Policy.
• Voted to amend the Valuers Code of Professional Ethics.

Additionally, the Appraisal Institute held its Statutory Annual Membership Meeting.

The next Appraisal Institute Board meeting is scheduled for Aug. 4-5, 2022.