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Back to school: AI board votes to give members more continuing education options.

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.

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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.

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With changes adopted by the board, all practicing general Designated and general Associate 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 completing an ACO course; a Level II course; the Real Estate Finance, Statistics and Valuation Modeling course; a litigation, conservation easements or historic preservation easements certificate program; or other equivalent continuing education 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 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.

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Title Annotation:APPRAISAL REPORT
Publication:Valuation Insights & Perspectives
Date:Mar 22, 2010
Words:370
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