APPRAISAL REPORT
News from
the Appraisal
Institute
Writing and Valuation Analysis course or the
General Appraiser Report Writing and Case Studies course for the MAI designation. The Appraisal
Institute had required both courses for the MAI
designation, which meant that general Associate
members were required to attend 70 hours of
report writing education.
In other action, the board decided that the
Appraisal Institute’s online directory will include
a statement next to each Designated member’s
listing indicating whether he or she has completed
the standards and ethics requirement of the AI
continuing education program. The change will
be effective Jan. 1, 2011. The board already had
decided to include such a statement for Associate members beginning next year. Beginning Jan.
1, 2012, a statement as to whether a Designated
member holds the status “continuing education
completed” will be included with his or her listing
in the directory.
The board’s next scheduled meeting is Aug. 12–13
in Chicago.
AI Board votes to give members more continuing education options
BACK TO SCHOOL
THE APPRAISAL INSTITUTE BOARD
OF DIRECTORS VOTED AT ITS APRIL
18–19 MEETING IN NAPLES, FLA.,
to provide practicing Designated members and
practicing Associate members with additional
options to fulfill their Appraisal Curriculum Overview continuing education requirements.
All practicing Designated members with continuing education cycles beginning Jan. 1, 2007,
or later must complete an ACO requirement.
All practicing Associate members with continuing education cycles beginning
July 1, 2010, or later must
complete an ACO requirement.
Previously, completion of the
appropriate ACO course was
required in these time frames.
With changes adopted by the
board, all practicing general
Designated and general Associ-
ate members can satisfy the
ACO requirement by completing
the general ACO course; a Level II course; a
litigation, conservation easements or historic
preservation easements certificate program; or
other equivalent continuing education approved
by the Admissions and Designation Qualifications
Committee.
Similarly, practicing residential Designated
members and residential Associate members
now may satisfy the ACO requirement by complet-
ing an ACO course; a Level II course; the Real
Estate Finance, Statistics and Valuation Modeling
course; a litigation, conservation easements or
historic preserva-
tion easements
certificate program;
or other equivalent
continuing educa-
tion approved by the Admissions and
Designation Qualifications Committee.
At its meeting, the board also
voted to require general Associate
members to attend either the Report
All practicing Designated members with con -
With changes adopted by the
ACO requirement by completing
a nt
members and residential Associate members
now may satisfy the ACO requirement by complet
e
tion approved by the Admissions and
c
members to attend either the Report
The Appraisal Institute has
partnered with ExactBid
to offer AI’s Designated
members a free three-county
listing in its Real-estate
Information Management
System, or RIMSCentral, a
Web-based commercial real
estate appraisal ordering and
management system.
Using RIMSCentral, MAI,
make the connection
members into the RIMS
community,” says Andrew
Maisel, ExactBid’s vice president of sales and marketing.
“These estab-
lished and
respected
appraisers
will join
the more
than 12,000
professionals
already using
RIMSCentral
“We are excited to wel-
come Appraisal Institute
AI offers Designated members free ExactBid listing
ci
to manage their engage-
ments and grow their
businesses.”
According to Maisel, more
than 20
percent of all
commercial
real estate
lender trans-
actions in the
U.S. last year
were ordered
through
RIMSCentral.
RIMSCentral’s appraiser
directory and search engine
can be accessed at www.
rimscentral.com. The direc-
tory listing will augment
the Appraisal Institute’s
free online directory of its
members, which is available
at www.appraisalinstitute.org/
findappraiser.
