John Mello, Appraisal Institute

On May 20, the Appraisal Institute issued the organization’s national strategic plan for 2016-19. It is an outline that will guide its role as the appraisal profession evolves and adapts to economic and real estate markets’ changes, appraisal practices, regulatory environments and demographics. It is important for professionals who are associated with the Appraisal Institute to be aware of its action plan for the three years ahead. Accordingly, the Appraisal Institute’s announcement follows:

“CHICAGO – The nation’s largest professional association of real estate appraisers today announced a three-year strategic plan to address challenges and opportunities facing the organization and the real estate valuation profession.

The Appraisal Institute’s strategic plan outlines the organization’s core values, objectives and strategies from July 2016 through June 2019. The Appraisal Institute Board of Directors approved the plan during its May 5-6 meeting in Chicago.

“Implementing this strategic plan will help the Appraisal Institute to maintain its leadership role in the real estate valuation profession,” said Appraisal Institute President Scott Robinson, MAI, SRA, AI-GRS. “The plan provides a path to continued success for the Appraisal Institute and its professionals.”

The strategic plan includes five core values governing the Appraisal Institute’s continued growth and development:

Distinctiveness: Elevate the Appraisal Institute and its members within the valuation profession by virtue of designations, education and body of knowledge.

Innovation: Continue to be thought leaders by promoting innovation and addressing current developments within the valuation profession via education, information resources, benefits and setting standards for the profession.

Professional Responsibility: Encourage and support the highest level of ethical and professional behavior of all Appraisal Institute professionals.

Advocacy: Represent the interest of the appraisal industry and work toward advancement of Appraisal Institute professionals within it.

Leadership: Advance the interest of AI professionals, the real estate valuation profession and the public with integrity and excellence.

The strategic plan also includes four objectives:

1. Operate in ways that valuation professionals recognize as important and that encourage their ongoing affiliation with the Appraisal Institute.

2. Continue as the recognized leader of the real property valuation profession, including credentialing, ethics and standards, advocacy, the development and delivery of education, and the timely creation of quality programs and publications.

3. Operate efficiently to ensure Appraisal Institute’s financial stability.

4. Advance the Appraisal Institute as the leading international source of real property valuation knowledge.”

The board of directors, officers and committee chairpersons of the Appraisal Institute’s Massachusetts and Rhode Island chapter will implement the organization’s strategic plan into its operations.

The chapter acknowledges with appreciation the continuing sponsorships that have been provided for 2016 by Joseph J. Blake & Associates, Inc. and CB Richard Ellis/New England.

John Mello, SRA, is the 2016 president of the MA/RI chapter of the Appraisal Institute.