The Appraisal Institute Board of Directors approved a “Certificate of Completion – Fundamental International Curriculum” at its May 9-10 meeting in Chicago. The curriculum will include AI’s “International Basic Appraisal Principles,” “International Basic Appraisal Procedures” and “International Valuation Standards Overview” courses.
The Board also adopted proposed amendments to the Bylaws and Regulations 8, 9 and 10 regarding Past President Designated Member status and Temporarily Non-Practicing status. The 45-Day Notice was distributed to Designated Members, Candidates, Practicing Affiliates and Affiliates on March 25.
The Board also approved sending to 45-Day Notice proposed amendments to Regulations 1 and 2 that would remove the e-demo report and defense of reports as options for completing the demonstration of knowledge requirement.
In other action, the Board of Directors:
- Amended policy for the courses requirement for General Candidates for Designation by removing the requirement to take and pass “General Appraiser Report Writing and Case Studies.”
- Approved a transfer of funds (in the amount of the 2018 audited surplus) from the reserve fund to the operating fund.
- Elected Elaine Liz-Ramirez, MAI, to fill a vacancy on the Audit Committee.
- Approved the merger of the Memphis Chapter and the Greater Tennessee Chapter (to be known as the Tennessee Chapter of the Appraisal Institute).