Appraisal Institute News

May 18, 2023 08:00 AM

Appraisal Institute PAREA Program Receives Approval from Appraiser Qualifications Board

The Appraisal Institute announced today that the Appraiser Qualifications Board has provided approval of AI’s Practical Applications of Real Estate Appraisal program for the licensed residential path.

May 11, 2023 08:00 AM

Potentially Increase Your Home's Value, Appraisal Institute Says

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today encouraged homeowners to focus on easy ways to potentially improve their property’s value.

Mar 08, 2023 08:00 AM

Appraisers Can Help Take Guesswork Out of Property Tax Appeals

As many U.S. homeowners begin receiving their property tax bills, the Appraisal Institute today offered suggestions to potentially make the tax appeal process easier, such as working with one of the organization’s Designated Members to learn about the local appeals process and to discuss options.

Dec 19, 2022 08:00 AM

Craig Steinley to Become President of Appraisal Institute on Jan. 1

Craig Steinley, MAI, SRA, AI-GRS, AI-RRS, of Rapid City, South Dakota, will begin his one-year term as president of the Appraisal Institute on Jan. 1. The Appraisal Institute is the nation’s largest professional association of real estate appraisers with over 16,000 professionals in almost 50 countries. Steinley’s one-year term as president will be followed by one year as immediate past president in 2024. He also will serve as chair of the National Nominating Committee in 2024.

Nov 17, 2022 08:00 AM

Appraisal Institute Announces Resignation of CEO Jim Amorin

The Appraisal Institute announced today that CEO Jim Amorin, MAI, SRA, AI-GRS, will resign effective Feb. 14, 2023. He will conclude five years of service as the organization’s CEO and is moving on to pursue other opportunities.

Nov 15, 2022 11:00 AM

Ranch Properties are Grabbing the Spotlight, Appraisers Need to Understand the Land: Valuation Magazine

Whether they’re meant as rural retreats or working agricultural operations, ranch properties of all shapes and sizes are in high demand. When it comes to appraising them, find out why appraisers need to start with the land in the third quarter 2022 issue of Valuation magazine.

Oct 20, 2022 08:30 AM

Appraisal Institute Tells Homeowners How to Prepare for an Appraiser's Visit

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, is encouraging homeowners to be prepared when an appraiser visits.

Oct 04, 2022 08:30 PM

Appraisal Institute Offers Numerous Opportunities for Aspiring Appraisers

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, is seeking new faces and encourages recent graduates and aspiring appraisers to consider a career in the valuation profession.

Aug 11, 2022 08:30 AM

Hybrid Appraisals Can Offer New Opportunities for Appraisers: The Appraisal Journal

Appraisers should be prepared with the knowledge necessary to meet the demand for bifurcated or hybrid appraisals, according to an article published this week in The Appraisal Journal.

Jul 26, 2022 08:30 AM

Rapid Growth and Influx of New Residents Pushes Austin Affordability to the Limit: Valuation Magazine

The Mountain West states are seeing a surge of new residents — and home prices are skyrocketing. Find out how some of the most popular areas are handling the influx and the challenges to their economies and lifestyles in the second quarter 2022 issue of Valuation magazine.

Jul 07, 2022 08:30 AM

New Appraisal Institute Book Shares Advice for Appraisers in Real Estate Arbitration

Arbitration is increasingly seen as an efficient and cost-effective alternative to litigation, and valuation professionals are often called on to serve as arbitrators, expert witnesses and consultants in arbitration matters, according to a book published by the Appraisal Institute, the nation’s largest professional association of real estate appraisers.

Mar 31, 2022 08:30 AM

Appraisal Institute Reinstated as Sponsor of The Appraisal Foundation

The Appraisal Foundation today announced the Board of Trustees voted to reinstate the Appraisal Institute as an Appraisal Sponsor of The Appraisal Foundation.

Jul 27, 2021 08:00 AM

Pandemic Continues to Impact Entertainment Real Estate Values: Valuation Magazine

It’s likely to take a year or two for entertainment real estate values to get past the economic shock of the coronavirus pandemic, according to an article in Valuation magazine’s second quarter 2021 issue.

Jul 21, 2021 07:59 AM

Differences in Asset Quality Must be Considered When Valuing Golf Courses: The Appraisal Journal

Valuation professionals should consider the differences in the business intangible property and real property of public golf facilities and of private golf and country clubs, according to an article published this week in The Appraisal Journal.

Jun 17, 2021 09:06 AM

Appraisal Institute Encourages Graduates to Consider the Valuation Profession

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, is seeking new faces and encourages recent graduates to consider a career in the valuation profession.

Jun 04, 2021 09:30 AM

Appraiser Diversity Initiative Sponsorship Program Seeks Applicants

The Appraisal Institute, in collaboration with Fannie Mae and the National Urban League, today announced it is seeking applicants for their Appraiser Diversity Initiative Sponsorship Program.

May 27, 2021 08:00 AM

Appraisal Institute Offers Landscaping Tips for Homeowners

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today encouraged homeowners to hire an appraiser to offer ideas about how to enhance their property’s landscaping and potentially boost their sales price.

May 11, 2021 08:00 AM

Complete Smart and Necessary Home Renovation Projects: Appraisal Institute

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today encouraged homeowners to focus on cost-efficient improvement projects when seeking to potentially improve their property’s value during the ongoing coronavirus pandemic.

Apr 27, 2021 08:00 AM

Appraisal Institute Continues to Fight Unconscious Bias: Valuation Magazine

Bias, both unconscious and structural, present a wide-ranging, multifaceted challenge to the real estate industry and have deep historical roots, according to an article in Valuation magazine’s first quarter 2021 issue.

Apr 22, 2021 08:00 AM

Appraisal Institute Opens Registration for 2021 Annual Conference

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today announced it has opened registration for its 2021 Annual Conference, Aug. 9-10, in Orlando, Florida.

Apr 21, 2021 08:00 AM

New Appraisal Institute Text Examines Appraising Automobile Dealerships

Since valuing automobile dealerships requires specialized knowledge of the operation of auto dealerships and the physical features of dealership properties, “A Guide to Appraising Automobile Dealerships,” second edition, includes case studies, real-life examples and guidance from industry experts, according to a book published by the Appraisal Institute, the nation’s largest professional association of real estate appraisers.

Mar 04, 2021 08:00 AM

Appraisal Institute Debuts New and Improved Residential Education Offering

The Appraisal Institute on Feb. 22 debuted a new and improved education offering, “Appraising Condos, Co-ops, and PUDs.”

Feb 18, 2021 08:00 AM

Appraisal Institute, Fannie Mae, National Urban League Award Scholarships to Strengthen Diversity in Profession

The Appraisal Institute in collaboration with Fannie Mae and the National Urban League today announced the first class of 2021 aspiring real estate appraisers receiving scholarships through the Appraiser Diversity Initiative. The scholarship recipients were Jamilah Abdur Rahman, Philadelphia; Angela Anderson, Portsmouth, Rhode Island; Heather Boyd, Waynesville, North Carolina; Vernon Davis, Jr, New Orleans; Devyn Gonzalez, Dallas; Akil Henderson, White Plains, Maryland; Theresa Kennedy, Atlantic

Jan 20, 2021 08:00 AM

New Appraisal Institute Text Demonstrates Essential Valuation Techniques

Since problem-solving is the foundation of an appraiser's skill set, “The Student Handbook to The Appraisal of Real Estate, 15th Edition,” includes practice problems that allow users of the handbook to test the knowledge they have acquired every step of the way, according to a book published by the Appraisal Institute, the nation’s largest professional association of real estate appraisers.

Jan 14, 2021 08:00 AM

Appraiser Diversity Workshop Scheduled

The Appraisal Institute is collaborating with the National Urban League and Fannie Mae to host a free virtual Appraiser Diversity Initiative workshop, “How to Become a Real Estate Appraiser,” Saturday, Jan. 30, noon- 1:15 p.m. EST.

Jan 12, 2021 08:00 AM

Appraisal Institute Helps Tackle Unconscious Valuation Bias: Valuation Magazine

The Appraisal Institute is addressing unconscious valuation bias while also expanding opportunities for aspiring appraisers, according to an article in Valuation magazine’s third/fourth quarter 2020 issue.

Dec 30, 2020 08:00 AM

Rodman Schley to Become President of Appraisal Institute on Jan. 1

Rodman Schley, MAI, SRA, of Arvada, Colorado, will begin his one-year term as president of the Appraisal Institute on Jan. 1. The Appraisal Institute is the nation’s largest professional association of real estate appraisers with over 17,000 professionals in almost 50 countries.

Oct 22, 2020 08:00 AM

Appraisers Must Identify the Scope of Work, New Book Says

The scope of work concept is fundamental to appraisal, and its proper application ensures that appraisers can provide various services and maintain flexibility in their assignments, which has become increasingly important in our rapidly changing business environment, according to a book published by the Appraisal Institute, the nation’s largest professional association of real estate appraisers.

Oct 16, 2020 08:00 AM

Appraisal Organizations Join Forces to Support Training, Ethics to Combat Bias

The Appraisal Institute, the American Society of Appraisers, the American Society of Farm Managers and Rural Appraisers and the Massachusetts Board of Real Estate Appraisers today announced their collective support for the development of additional training that addresses unconscious bias in valuation, and for each organization to individually review its Code of Ethics and other governing documents to further ensure awareness and compliance among its membership and the valuation profession as a

Oct 07, 2020 08:00 AM

Assembled Workforce an Important Consideration in Property Valuation: The Appraisal Journal

Separating the value of a trained workforce from the overall value of a going concern requires economic analysis, not just the subtraction of employee salaries, according to an article published this week in The Appraisal Journal.

Sep 22, 2020 07:44 AM

Appraisal Institute Honors 17 National Award Winners

Sandra K. Adomatis, SRA, of Punta Gorda, Florida, was honored Monday with the Appraisal Institute’s Lifetime Achievement Award, and James L. Henderson, SRA, of Lakeland, Florida; Charles R. Mills, MAI, SRA, AI-GRS, of Jeffersonville, Indiana; and César Servando Cantú Martínez, MAI, SRA, AI-GRS, of Monterrey, Mexico, were recognized with the Outstanding Service Award during the Appraisal Institute Awards Ceremony, which took place virtually.

Sep 02, 2020 08:00 AM

New Appraisal Institute Textbook Addresses Time-tested Valuation Principles for Today’s World

In the midst of a global pandemic and social justice concerns, the Appraisal Institute today published “The Appraisal of Real Estate,” 15th edition. The textbook long has been recognized as the valuation profession’s most comprehensive source of information for appraisers and other real estate professionals.

Aug 07, 2020 07:28 AM

Craig Steinley Elected 2021 Appraisal Institute Vice President

Craig Steinley, MAI, SRA, AI-GRS, AI-RRS, of Rapid City, South Dakota, was elected 2021 vice president of the nation’s largest professional association of real estate appraisers Thursday by its Board of Directors during the Board’s virtual meeting.

Jul 30, 2020 01:32 PM

Upzoning Can Impact Appraisals, Places Emphasis on Highest and Best Use Analysis: Valuation Magazine

Many cities see upzoning as an effective way to expand affordable housing, but zoning changes can impact appraisals, so appraisers need to analyze the highest and best use of the property and land, according to an article in Valuation magazine’s second quarter 2020 issue.

Jul 21, 2020 09:57 AM

Appraisal Institute Urges Swift Passage of Appraisal Portal Legislation

The nation’s largest professional association of real estate appraisers this month sent a letter urging swift passage of the Portal for Appraisal Licensing Act of 2020 in the 116th Congress, which would amend the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to establish a portal for appraisal credentialing and AMC registration information, and for other purposes.

Jul 14, 2020 08:00 AM

Golf Course HOAs Should Carefully Consider Financial Security Options: The Appraisal Journal

Homeowners associations should carefully consider all available methods for maintaining value in golf course communities, according to an article published this week in The Appraisal Journal.

Jun 16, 2020 08:00 AM

Homeowners Can Help Appraisers During COVID-19 Pandemic, Appraisal Institute Says

Despite the coronavirus and safety considerations, homeowners can still work with appraisers to help provide a full picture of their property, the nation’s largest professional association of real estate appraisers said today.

May 12, 2020 08:06 AM

Landscaping Can Have Major Impact on Property Values: Appraisal Institute

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today advised homeowners that improving their property’s landscaping can result in a significant return on investment when selling the home.

Apr 28, 2020 08:15 AM

Appraisers Can Help Courts, IRS Navigate Conservation Easements, New Book Says

Governmental and judicial entities’ expanded oversight of the real estate appraisal process makes it imperative that those involved in valuing easement-encumbered properties demonstrate their competence to the Internal Revenue Service and the courts, according to a book published today by the Appraisal Institute under a licensing agreement with the Land Trust Alliance.

Apr 16, 2020 11:03 AM

Appraisers Must Adapt to iBuyer Models: Valuation Magazine

While the volume of home sales involving iBuyers is still fairly limited, the number of markets they reach is growing and their role in the residential real estate sector could be transformative, according to an article in Valuation magazine’s first quarter 2020 issue.

Apr 07, 2020 07:53 AM

Automated Valuation Models Need More Reliability: The Appraisal Journal

Since automated valuation model vendors use varying methodologies, valuation professionals should use caution when relying on AVM data, according to an article published this week in The Appraisal Journal.

Mar 26, 2020 07:56 AM

Real Estate Groups Ask Governors, Mayors for Appraisal ‘Stay at Home’ Exemptions

The nation’s largest professional association of real estate appraisers joined four other real estate organizations March 25 in asking state and local government leaders to include appraisers among “essential services” exempted from stay-at-home or shelter-in-place orders issued during the coronavirus (COVID-19) pandemic.

Nov 20, 2019 08:00 AM

Don’t Wait to Winterize Your Home, Appraisal Institute Advises

CHICAGO (Nov. 20, 2019) – The nation’s largest professional association of real estate appraisers today advised homeowners not to wait for the upcoming cold months to winterize their property.

Aug 29, 2019 08:00 AM

Appraisers Can Help Themselves Mitigate Liability Risk, New Book Says

Appraisers who take on a variety of valuation assignments can manage the risks associated with their work by taking realistic, effective steps, according to a new book published by the Appraisal Institute.

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