There are a couple of items on the national level that our chapter members should be aware of:
45-Day Notice of Proposed Amendments to AI Bylaws and Regulation No. 8
At its July 28-29, 2016 meeting in Charlotte, North Carolina, the Appraisal Institute Board of Directors will consider proposed amendments to Appraisal Institute Bylaws and Regulation No. 8, concerning Practicing Affiliate Chapter Service. If you have any comments on the proposed changes, please contact your elected Directors and/or send your comments via email to email@example.com. Comments sent to this email address will be compiled for distribution to the Board of Directors prior to the Board meeting. Click here to view the 45-Day Notice.
AI Exposure Draft of the Proposed Guide Note: Arbitration Arbitration is a form of dispute resolution. In arbitration, the parties to a dispute agree to present their case to one or more arbitrators who then render a final, and usually binding, decision to resolve the dispute. Clients often retain real estate valuation professionals (“Valuer” or “Valuers”) to provide services in arbitration matters as either arbitrators or expert witnesses. Both real estate valuation professionals and their clients would benefit from guidance concerning the following questions:
- What services can a real estate valuation professional provide in an arbitration matter; and
- What valuation standards and ethical rules, if any, apply to an arbitration matter?
The Professional Standards and Guidance Committee (PSGC) developed a proposed Guide Note that provides guidance relating to arbitration that can be useful for both valuation professionals and their clients. The Preamble to the Appraisal Institute Code of Professional Ethics and Standards of Professional Appraisal Practice states that Guide Notes are not part of the Standards but provide guidance on how the Standards may apply to specific issues. The Board of Directors directed distribution of an Exposure Draft of the proposed Guide Note on arbitration to Designated Members, Candidates, Practicing Affiliates and Affiliates for review and comment. Click here to view proposed Guide Note. If you have any comments on the Exposure Draft, please send your comments via e-mail to firstname.lastname@example.org. Comments sent to this e-mail address will be compiled for distribution to and review by the PSGC and the Board of Directors. The deadline for submission of comments is July 5, 2016. The PSGC will consider the comments received and decide whether to recommend to the Board of Directors any revisions to the Exposure Draft. The Board then will consider whether to adopt the proposed Guide Note as presented in the Exposure Draft, to adopt a revision of the proposed Guide Note or to take some other action.
On the local level the 2Q 2016 Government Relations Conference Call has been bumped from Thursday, June 30 to Thursday, July 14th. More information will be distributed to the Government Relations Committee in the upcoming week. If you are not on the committee, but would like to be included feel free to email Rob Duke, email@example.com. Anticipated topics covered on this call are:
-Proposed 2017 legislation
-Appraisal Summit update