NAR - Appraisal Institute

[Deuce of Spades]

Frank - I was under the impression from the last FAR appraisal sub committee that the NAR Appraisal designation program was either a thing of the past or going away - did I misunderstand this?

I am not sure what NAR can do for us but it has to be more than it is now, bc they do NOTHING for us today. I asked the NAR appraisal rep to provide some informative information about our industry in the NAR newsletters that all we get and she hasn't come up with anything yet....just ads for the conferences and auction seminars? BUT I do understand the power of NAR and what it could do for appraisers - just concerned that with them not seeing our needs and concerns and working to be the benefit of the Realtors.
Have to be careful who you get in bed with....

 

[The Warrior Monk]

Does anyone else but me not see a slight conflict of interest here?

I happen to agree. The main benefit is power in numbers and lobbying, but when it comes to a conflict of interests (which, of course, is a given), the agents win due to sheer numbers.

 

[Lost Cause]

John,

You know this for a fact? Pleny of AI cash is to be absorbed by NAR? Just how familiar are you with the relationships between NAR and the Institutes, Societies and Councils?

Quite familiar. I was a member of the Institute when it split from NAR and fully approved of it then (though I wasn't able to vote on it when it happened). NAR took its share of membership dues and it was spent on lobbying; lobbying for things often detrimental to the appraisal profession. I also recall that independant lobbying was not permitted for the Institute, which may have been the issue that started things in motion towards the split.

Besides my dislike of paying for lobbying which is against my own best interests, there are other problems. I am not some raving anti-Realtor lunatic and I have nothing against NAR representing Realtors, but I think there's something inappropriate about Realtors and Appraisers being represented by the same organization. These groups interests only occasionally coincide.
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[PropertyEconomics]

AI doesnt have a tremendous amount of cash to be absorbed by anyone. The NAR membership by far exceeds the AI pittance.

And for what its worth Mr Harriman .. it wouldnt be so bad if AI lobbied for appraisers ... unfortunately I believe AI lobbies for AI .. not much more.

 

[Couch Potato]

If it means I could join the local MLS by being an AI member rather than a member of the local board of REALTORS®, I'm all for it.

 

[Francois K. Gregoire]

I can only say how it has worked in Arkansas. Thanks to the state Realtors, A real estate agent is now exempt from appraising regulations in the appraisal of an estate. In other words, in an area where an accurate appraisal is most necessary, a BPO or CMA can be used to set the value of an estate to determine value for taxation, IRS, or inheritance in court. In fact, a Realtor can even call it an "Appraisal" and he is determining "Market Value". We have a more recent law which prohibits a BPO from being called an appraisal or the value "market value" but it exempts that previous legislation by applying the new law only to Fed. Related Transactions. That's the kind of NAR I know.

Terr,

Clearly the situation in Arkansas is much different than the Sunshine State. Real Estate Brokers and Sales Associates in Florida have been able to appraise real estate since long before I was licensed as a broker (1977). However, we REALTOR-Appraisers were able to get the Florida Association of REALTORS to support and sponsor legislation that requires real estate licensees to comply with the Uniform Standards of Professional Appraisal Practice when they prepare an appraisal.

Keep in mind, the NAR does not get involved in state legislation. There is no way in the world a state association will pay any attention to appraisal issues if appraisers are not involved in the organization. Squeaky wheels get the grease.

 

[Francois K. Gregoire]

If it means I could join the local MLS by being an AI member rather than a member of the local board of REALTORS®, I'm all for it.

Greg,

That aint part of the deal.

As you know, in many parts of the country it is possible for non-members to participate in the local MLS. I know this is in the case in Florida, but not sure if so in Chapel Hill, Florida.

Take a look at the governing documents for the National Association of REALTORS for the specific membership requirements for Institutes, Societies and Councils. If an individual wants REALTOR services, they pay REALTOR dues. If not, they pay Institute Affiliate dues.

 

[Couch Potato]

Greg,

That aint part of the deal.

As you know, in many parts of the country it is possible for non-members to participate in the local MLS. I know this is in the case in Florida, but not sure if so in Chapel Hill, Florida.

Take a look at the governing documents for the National Association of REALTORS for the specific membership requirements for Institutes, Societies and Councils. If an individual wants REALTOR services, they pay REALTOR dues. If not, they pay Institute Affiliate dues.

I would not expect it to be part of the deal, but I can dream.

Actually I don't mind the REALTOR® dues as much as the AI dues now that I'm in North Carolina (Wayne took away the ability for us to change states for a while and I never bothered to look again to see it was back. LOL) where I am also a licensed broker. Unlike the Orlando area where there were local meetings and education, here in North Carolina there is only one chapter for the state and meetings are at least a two day event. AI and I will likely part ways at the end of this year. Being part-time, only one set of dues is in the budget. :new_smile-l:

 

[Doug Trites]

I think their rejoining inlight of what the AI has been doing with AI forms and their mining and selling of data ... Its a NO GO for me.
In my opinion AI needs NAR .. NAR doesnt need AI. The education remains availalbe to NAR members for $100 more per class and the savings isnt worth giving the monster another head.
Can anyone tell me where I can send a message to NAR about my opposition to this merger. It is NOT good for appraisers.

AF I agree with you all the way. It has appeared to me for quite awhile that AI had not been working the Appraisers, but has been working for them and how to get more money. It appears that they have been in favor of AMC and AVM's. Am I off base or have some of the others feel this way. I think Alamode has done more to support Appraisers then AI.:new_multi:

 

[Terrel L. Shields]

AI and NAR have a common thread. I wonder sometimes if AI has the best interests of the appraisal industry at heart just as I wonder if the NAR has the best interests of RE agents at heart. My broker nephew has the lowest of low opinions of both the state and nation NAR and their satellite state organizations which he sees as little more than blood suckers.