The Appraisal Institute told attendees of the AI
Chapter Leadership Program Sept. 19 that it
encourages chapters to develop and support
state advocacy programs that advance the
organization’s public policy goals.
As part of these efforts, AI said that
chapters should coordinate and partner with
other stakeholders who have a shared interest
in state legislative and regulatory matters
affecting professional real estate appraisers.
However, chapters must not partner with
organizations that can cause them to adopt or
support a position on legislative or regulatory
matters that’s contrary to or inconsistent
with the Appraisal Institute’s efforts or
position, or that may compromise a chapter’s
ability to independently determine its position on an issue.
During the third quarter of 2014, the Appraisal
Institute bestowed 238 designations, including
92 MAI designations, 36 SRA designations,
92 AI-GRS designations and 18 AI-RRS designations.
Designated members make a commitment to
advanced education and defined ethical requirements. The MAI designation is held by appraisers
who are experienced in the valuation and evaluation of commercial, industrial, residential and other
types of properties, and who advise clients on real
estate investment decisions. The SRA designation
is held by appraisers who are experienced in the
analysis and valuation of residential real property.
The AI-GRS designation is held by appraisers who
are experienced in general appraisal review while
the AI-RRS designation is held by appraisers who
are experienced in residential appraisal review.
Find more information on designations at
REPORTS IN SHORT
Appraisal Institute news in brief
AI testifies before IRS on
REIT property definitions
Appraisal Institute Immediate Past President
Richard L. Borges II, MAI, SRA, AI-RRS, testified
before the Internal Revenue Service Sept. 18, where
he addressed the IRS’ proposed definition of “real
property,” which would greatly increase the number
and types of assets that could be classified as
such, thereby making them eligible as a real estate
investment trust under the Internal Revenue Code.
In his testimony, Borges questioned the inclusion
of “goodwill” in the definition of real property, as that
is considered separate from real property in real estate
valuation theory and practice. Until that testimony was
delivered, IRS officials did not appear to understand that
there is a separate classification for intangible assets
that are distinct from real property assets.
Read more on the IRS proposal and
Borges’ testimony at
IRS clarifies need
for PTIN number
IRS attorneys confirmed that appraisers don’t have to
obtain a Preparer Taxpayer Identification Number when
signing Form 8283 as part of a charitable contribution
tax return. Previously, IRS officials advised appraisers to
obtain P TIN numbers. The confirmation came during
a presentation at the Land Trust Alliance 2014 held
Sept. 18–20 in Providence, Rhode Island, and attended
by AI Immediate Past President Richard L. Borges II,
MAI, SRA, AI-RRS, and AI’s Washington office staff.
AI, USGBC talk
Appraisal Institute President-Elect M. Lance Coyle,
MAI, SRA, addressed the U.S. Green Building Council
in Washington on Sept 17, where he talked about
valuation methods and techniques used by appraisers to value high-performance buildings and about AI’s
leadership role in green and energy-efficient valuation.
View Coyle’s presentation to the USGBC
Appraisal Institute Immediate Past President Richard
L. Borges II, MAI, SRA, AI-RRS, testifies before the
Internal Revenue Service on Sept. 18.
Chapters also are asked to avoid sponsoring statewide government relations
coalitions that compete with designations
and education programs offered by the
Appraisal Institute. Lastly, AI maintains a
strong presence in Washington and is actively
engaged on federal legislative and regulatory matters. Chapters must coordinate
any actions (including as part of a coalition
group) on federal legislative and regulatory
matters with the national GRC and staff to
ensure consistency and effectiveness.
AI encourages chapters to develop state advocacy programs
Questions on these issues can be emailed
to Scott DiBiasio, AI’s manager of state
and industry affairs, at sdibiasio@