Posted by Cochise on April 01, 2008 at 13:51:52:
"That the current and immediate past Chief Appraisers of the Department of
Justice, each acting in his capacity as a member of the Appraisal Institute,
reviewed the new seminar on Conservation Easements, criticized the inclusion of
Public Interest Value in said seminar? And
that both members were then excluded from further review or activities?
that the cosponsor of the Conservation Easement seminar, the ASFMRA,
continues to complain about the concept of Public Interest Value included in
the materials or added by instructors?
that the AI President failed to have incorrect materials removed that he had
promised ASFMRA would be removed?
that, nevertheless, another proposed seminar on Green Buildings also
contains the same types of Public Interest Value concepts?
That the Chief Appraiser of the Department of Justice recently sent a letter to the
AI President raising issues of appraiser competency and expressing the
Department’s concern about extreme divergences in appraisals prepared for
litigation, and the AI’s administration of standards?
That the State of California, after a lengthy study by state agencies, publicly
concluded that two MAIs (currently in prision for fraud and other charges) had seriously violated USPAP and related
requirements? And
that this was despite a letter from the Appraisal Institute’s Director of Ethics
and Standards Counseling that found no problem with their appraisal?
that the AI took no apparent steps to respond to the State of California’s
concerns about this matter?
that the case has subsequently been cited in a California Legislative
Analyst’s report calling for reforms in appraisal legislation and in the abovecited
letter from the Chief Appraiser of the United States Department of
Justice to 2008 President Pugh?
That the Business Enterprise Value seminar is being continued and is now being
revised for future offerings? And
that this seminar was discontinued years ago when governments in the U.S.
and Canada threatened to sue the AI, because of materials contained in the
seminar and when complaints were received from the American Institute of
Certified Public Accountants and business valuers that the concepts in the
course were counter to USPAP, as well as accounting and business value
standards?
that after raising the above issues, two members who raised them were
dropped from the Business Enterprise Value seminar team?"
http://www.zimbio.com/pilot?ZURL=%2FReal%2BEstate%2Farticles%2F2428%2FAppraisal%2BInstitute%2BRelationship%2BNAR%2BQuestioned&URL=http%3A%2F%2Fappraisalnewsonline.typepad.com%2Fappraisal_news_for_real_e%2Ffiles%2FAI_Are_You_Aware.pdf