AI Lobbies to Modernize Appraisal Regulatory Process
More than 100 Appraisal Institute professionals will go to Capitol Hill May 4 to urge congressional support for the modernization of the appraisal regulatory process.
Attendees of AI’s annual Leadership Development and Advisory Council conference, held May 3-5 in Washington, will lobby lawmakers to take legislative action to address appraisal modernization and the regulatory burdens that appraisers face. A hearing on the issue was held in November 2016, but so far no legislation has been introduced.
The Appraisal Institute believes that legislation is vital because the ranks of real estate appraisers have significantly declined in recent years, and AI research projects a further decline in the appraiser population over the next five to 10 years.
Key issues the Appraisal Institute wants to see addressed: …continue reading the rest of this post: AI Lobbies to Modernize Appraisal Regulatory Process