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Cushman & Wakefield to participate in Appraisal Institute membership program.

Cushman & Wakefield, a global real estate services firm headquartered in New York, has elected to participate in the Appraisal Institute's Company-Wide Membership Program, taking advantage of special membership rates, program discounts and other incentives. The firm has enrolled its entire 181-person real estate appraisal division in the Appraisal Institute, of which 50% already hold the organization's MAI designation. Additionally, 48 of the firm's employees are already associate members of the Appraisal Institute and 38 are new associate members.

Cushman & Wakefield's decision to participate in the Appraisal Institute's Company-Wide Membership Program is largely due to the diligence and hard work of Bruce Kellogg, MAT, managing director at Cushman & Wakefield in Atlanta. "Being a member of various committees on the national level at the Appraisal Institute, I learned about the Company-Wide Membership Program in its early stages, and I felt it would be a perfect vehicle for Cushman & Wakefield to become involved with the Appraisal Institute," said Kellogg. "The generous discounts and other membership benefits offered through this program added to the financial feasibility of this deal for our company."

The Appraisal Institute's Company-Wide Membership Program requires that all of a firm's employees who provide appraisal services be either designated (MAI, SRPA or SRA) or associate members of the Appraisal Institute for at least two years.

As members of the Appraisal Institute, appraisers employed by the firm are also expected to make an active commitment to their own professional growth. They must also adhere to the Appraisal Institute's strictly enforced Code of Professional Ethics and Standards of Professional Appraisal Practice.

In return, participating firms receive special discounts of up to 20%, and the new members receive discounts on continuing education courses and seminars, textbooks and other benefits. The amount of discount a participating firm receives is based on the number of appraisers the firm employs. Special benefits include membership dues reductions, coupons for educational sessions and special course or seminar offerings tailored specifically for the firm's member employees.

The enrolling firm also is entitled to use the Appraisal Institute's logo and name for communications and various promotional materials, making known their commitment to the highest level of professionalism in appraisal services.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Feb 20, 2002
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