CHICAGO – RealEstateRama – The Appraisal Institute, the nation’s largest professional association of real estate appraisers, is seeking new faces and encourages recent graduates to consider a career in the valuation profession.
“One of the Appraisal Institute’s diversity, equity and inclusion priorities is to attract new individuals into the valuation profession,” said Appraisal Institute President Rodman Schley, MAI, SRA. “Our organization is working diligently to expand opportunities for aspiring appraisers and help them on their path to success.”
The Appraisal Institute has several existing programs concentrating on attracting new entrants to the profession, including the Appraiser Diversity Initiative with Fannie Mae and the National Urban League, along with the Minorities and Women Course Scholarship Program from the Appraisal Institute Education and Relief Foundation.
The Appraisal Institute Education and Relief Foundation has committed $150,000 over three years to the Appraiser Diversity Initiative. The scholarships cover the three entry level courses required of appraisers and winners are matched with advisers who help them through the education and credentialing process.
“There are numerous benefits to a career in real estate valuation, including flexible schedules, interesting assignments and a solid earning potential,” Schley said.
Appraisers play an essential role in the economy and the real estate industry by developing reliable and credible opinions of value for their clients. Appraisers offer risk mitigation to help ensure safety and soundness of the lending system. In addition to residential and commercial lending work, appraisers provide valuable services such as client counseling, litigation support, right-of-way and eminent domain work, taxation-related valuation and many other areas of specialization.
The Appraisal Institute Board of Directors adopted a strategic framework to enhance the Appraisal Institute’s affiliation model at its November 2020 meeting. This new framework is inclusive of all practicing appraisers affiliating with the Appraisal Institute, while maintaining AI’s ethics and continuing education requirements. With a more inclusive affiliation model, the Appraisal Institute aims to maintain distinction for Appraisal Institute Designated Members, while being inclusive of those who are new to the organization.
“Whether you are fresh out of college and are interested in the valuation profession, or you are looking at a career change, the Appraisal Institute is here with tools and resources to help you stand out in the profession,” Schley stated.
To learn more about an appraisal career, visit the Appraisal Institute website.
The Appraisal Institute is a global professional association of real estate appraisers, with nearly 17,000 professionals in almost 50 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org.
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