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NEWS YOU CAN USE

March 30, 2015

Arizona Passes Law Eliminating Appraisal Board: 

Arizona Gov. Doug Ducey on March 12 signed into law SB 1480, legislation that eliminates the Arizona Board of Appraisal effective July 1. The ABOA’s administrative functions will be reassigned to the Department of Financial Institutions. This provision was included in the state’s FY 2016 budget that passed the legislature March 7. 

Arizona will join a handful of states that don’t have an appraiser board or commission. According to the Executive Summary accompanying the Governor’s budget proposal, the action was necessary because the shrinking population of licensed appraisers was depleting ABOA revenues and that was "threatening the ability of the Board to fulfill its statutory obligations.”

During the debate on the legislation, concern was expressed about assigning oversight of appraisers to the same agency in charge of overseeing and regulating state chartered financial institutions and mortgage loan originators. According to the Appraisal Subcommittee’s Policy Statements, "States should maintain an organizational structure for appraiser certification, licensing and supervision that avoids conflicts of interest.” However, the Policy Statements also say that a "State has flexibility to structure its Program so long as it meets its Title XI related responsibilities.” The ASC did not take a position on the Arizona legislation. 

In a March 12 email to its members, the Phoenix Chapter of the Appraisal Institute stated that the "PCAI Board is reaching out to the Superintendent of Financial Institutions to be a source of information, offer assistance on behalf of our members and to aid in addressing concerns of our members.” Additionally, the PCAI stated that it will "work to ensure that the organizational structure complies with Appraisal Subcommittee and that Arizona maintains its current ‘excellent’ rating as determined by the ASC.”

View a copy of SB 1480 (specifics are on pages 5-10).

March 25, 2015

The Appraisal Foundation: The Appraisal Foundation Adopts Updated Qualification Criteria for Personal Property Appraisers. To access a full copy of the Second Exposure Draft, which will be the basis for the new Criteria, click here

March 19, 2015

US Department of Housing and Urban Development: FHA Single Family Housing Policy Handbook (Handbook 4000.1)

March 16, 2015

The Appraisal Foundation: The Appraisal Standards Board (ASB) met in New Orleans, LA on February 6, 2015, and adopted the 2016-17 USPAP. Please click here for a meeting summary. For an overview of adopted changes, please click here: 2015 Summary of Actions. 

The Appraisal Foundation: The next public meeting of the Appraisal Practices Board (APB) is approaching. The meeting is being held in Nashville, Tennessee, on Friday, May 1, 2015, from 9:00 am - 12:00 pm. Click here to register. 

The Appraisal Foundation:
The Appraiser Standards Board (ASB) has issued the following: 2015 Summary of Actions Related to Proposed USPAP Changes.

Board of Trustees:

The Appraisal Foundation (TAF) is seeking qualified candidates to serve as At-Large Trustees on its Board of Trustees (BOT). Completed applications for At-Large Trustee vacancies must be received by April 1, 2015. 

  • Applications are encouraged from individuals with leadership experience who have an interest in the valuation profession. 

  • At least one of the four Trustees chosen for the class of 2016 will be an individual who represents the interests of consumers.

  • To find out more about the BOT, review a list of qualifications, or download the application package, please click here.

Appraisal Practices Board:

TAF is seeking up to three qualified candidates to serve on the Appraisal Practices Board (APB). The APB is charged with identifying and issuing Valuation Advisories, which serve as voluntary guidance that may apply to all disciplines within the appraisal profession. Completed applications for the vacancies must be received by April 1, 2015.

  • TAF will consider qualified leaders in the valuation profession or individuals involved in various appraisal disciplines such as real property, business valuation and personal property.

  • APB members oversee the development of Valuation Advisories which are written by panels of Subject Matter Experts (SMEs). 

  • To find out more about the APB, review a list of qualifications, or download the application package, please click here.


February 24, 2015

The Appraisal Foundation: The next public meeting of the Appraiser Qualifications Board is approaching. The meeting is being held in Seattle, WA. on March 20, 2015, from 9:00 am - 12:00 pm. Click here for more information. 

February 17, 2015

The Appraisal Foundation: The Appraiser Standards Board (ASB) has issued the following: 2015 Summary of Actions Related to Proposed USPAP Changes.





 

ASSOCIATION NEWS

March 17, 2015

NAIFA's 2015 National Conference: Plan on attending the 2015 NAIFA National Education Conference held in Las Vegas, NV, October 19th – 22nd at The Mirage Hotel. This year's education portion is in conjunction with ASA. Registration is now open!!!  Click here to register! . 

February 3, 2015

Save the Date!

NAIFA 2015 Instructor’s Conference
Thursday-Friday, April 30-May 1
Hyatt Regency O’Hare Hotel
Rosemont, IL


NAIFA Spring 2015 Board of Directors Meeting
Saturday, May 2, 2015
Hyatt Regency O’Hare Hotel
Rosemont, IL


January 30, 2015

Announcing the NAIFA chapter member designation competition!

For details, please click here. 

January 29, 2015

Announcing the NAIFA "Member Get a Member" Contest!

For details, please click here.

 

January 28, 2015


AHP Insurance:
NAIFA Members now have access to individual health insurance options. Click here to learn more.
 
January 5, 2015 

 

New Jersey NAIFA: The 2015 Education Conference is being held this year from April 16-17. Click here view program details and access registration information.

 

 

ANNOUNCEMENTS

Managing your NAIFA profile:

Think of your online NAIFA profile as an online resume. Like a resume, your NAIFA profile provides your contact information, experience, education, professional recognition, skills/qualifications, and much more. Your NAIFA profile is your online advertisement to over 700,000 annual visitors to NAIFA's website. Be sure to keep it up-to-date and accurate to ensure that when people are looking for an appraiser - they find you!
Click here to learn how to manage your online profile.

Bradford Technologies

Member Only Benefit! Bradford Technologies has become a NAIFA Preferred Partner and will be offering NAIFA members an exclusive Appraisal World Benefits Package. Included in this package is CompCruncher, CompCruncher Concierge Service, CompCruncher Skills Assessment, and Directory Plus AppraisalWorld Membership. Click here to learn more!

Valuation Research

If you would like more information about the analytical tools offered by Valuation Research, LLC, please go to their website (www.valuationresearchllc.com) and register. Registration is free. Once you’ve registered you can download whitepapers, view analytics, watch a tutorial on products, and download applications. If you have any questions, feel free to contact Mark Stockton directly at: mark@valuationresearchllc.com.

 

 

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Calendar

4/13/2015
Residential Appraising in a Changing Market

4/14/2015
Understanding and Using Comparable Transactions

4/15/2015
2014-2015 National USPAP Update

4/16/2015 » 4/17/2015
2015 Educational Conference


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National Association of Independent Fee Appraisers
330 North Wabash Avenue, Suite 2000, Chicago, IL 60611
Phone: 312-321-6830 Fax: 312-673-6652 Email:
info@naifa.com

If you are looking for the National Association of Insurance and Financial Advisors, an unaffiliated insurance & financial association, click here.