This year’s Leadership Development and Advisory Council met May 18-20. This year’s conference welcomed more than 120 Appraisal Institute professionals to the Nation’s Capital. LDAC attendees met congressional members or staff to lobby for the HR5756- Portal for Appraisal Licensing Act of 2021. The Bill proposes the creation of a centralized federal database for appraisers and appraisal management companies rather than the individual states. The purpose is to streamline the licensure process using an online portal for payment of licensing fees, appraisal credentialing, AMC registration, and tracking continuing education credits. This is especially helpful for appraisers licensed in many states.
LDAC discussion topics included new AI membership and retention, how to promote the appraisal profession via social media, education on diversity, equity and inclusion, college/university outreach programs, and utilizing technology in appraisals. The discussion groups provided an opportunity for appraisers across the country to collaborate on introducing a more women and minority groups into the appraisal profession.
Maria Nucci, SRA, AI-RRS, attended LDAC for the first time and enjoyed the conference along with the Washington DC waterfront and historic landmarks. There was also the opportunity to socialize outside the discussion groups with appraisers from all areas to build new relationships with peers on a national level to learn the similarities and diversities in different markets. The AI Executive Board members also attended which was a great occasion to meet the board members on a more personal level. Maria looks forward to attending LDAC for the next two years.
Did You Know? Student Affiliate Membership to the Appraisal Institute is FREE!
PASS IT ON!!!!!
Why Become a Student Affiliate?
• No Annual Dues
• Meet appraisal experts and learn about the appraisal field
• Access to the prestigious Lum Library
• Affiliation with a local chapter, where you can network with appraisal professionals
and explore career opportunities
• Discounts on Appraisal Institute education and publications
• Complimentary Subscriptions to the award-winning Valuation magazine and The
Appraisal Journal
• The possibility of earning an AI designation
• Access to many additional AI Benefits
Questions? admissions@appraisalinstitute.org (312) 335-4111
UPCOMING EVENTS
For more info and registration links, visit www.ai-snj.org
New Jersey Appraiser Law & Regulations
Thursday, October 27, 2022 2 CE hrs
Seminar from 4-6pm, followed by dinner & chapter meeting
Adelphia Restaurant (downstairs), 1750 Clements Bridge Road, Deptford
Instructor: Mary Fox, MAI
Valuation of Conservation Easements
November 1-4, 2022 28 CE hrs + 2 hr exam
Rutgers Eco-Complex Conference Center, 1200 Florence-Columbus Road, Bordentown
Instructor: Susanne Curran, MAI, AI-GRS
Complex Valuation
Friday, December 2 7 CE hrs Adelphia, Deptford
Instructors: Randall Bell, MAI, PhD, and Michael Tachovsky. PhD of Landmark Research
• Complex Valuation is a new seminar developed to give appraisers the skills to value
both detrimental and beneficial conditions. The field of “complex valuation” involves
the real estate characteristics that are “atypical.” (Federal Regulations Part 34.42.).
• Many, if not most, valuation assignments involve a straightforward application of the
cost, income and sales comparison approaches to value. However, frequently complex
issues arise that involve either beneficial or detrimental conditions that can influence
the value of real estate. For example, beneficial conditions might result in an increase
in value, such as discovering minerals or oil on grazing land. Detrimental conditions
could result in a diminution in value, such as natural disasters or environmental
contamination.
• As real estate appraisers, understanding these complexities helps in developing a
credible opinion of value in these types of assignments. Although many complex
issues are addressed throughout appraisal literature and coursework, they are not
presented as a single framework. The purpose of the Complex Valuation course is to
provide real estate appraisers with a comprehensive under standing of the topic and
focus on these various property conditions and the valuation methodologies to address
them. Instructors present with a comprehensive PowerPoint presentation.
SAVE THE DATE: December 6 -- Installation of Officers and Directors/Holiday Dinner,
Terra Nova, Sewell