This year has been a unique year and we have made every effort to adapt to these unprecedented times. Difficult decisions have been made to cancel and postpone several course offerings, social gatherings and Chapter meetings. Many of us prefer in-person meetings, and hopefully this will be a viable option in the near future. On a positive note, the virtual conservation easement class in September was a success, which had 70 attendees. We appreciate those who attended this offering. By the time this newsletter is published, we will have had the virtual offering, “What’s Up in Technology for Real Estate Appraisers” instructed by former Appraisal Institute President Wayne Pugh, MAI. This class is expected to have good attendance as well.
The Orientation, Planning and Board of Directors Meeting was held in September and those in attendance were board of directors, committee chairs and regional representatives. It is uncertain whether our education will be held in person, virtual or both in 2021. It is a license renewal year and we are hopeful that education will rebound. Education is the Chapter’s largest source of income that allows us to make the following events possible:
- Education Scholarships
- LDAC Scholarships
- Stipends to National and Regional Meetings
- Social Gatherings
As you make your education decisions for 2021, I ask that you please support the Alabama Chapter’s offerings so we can continue to give back to our membership.
We must continue to adapt to the changing market and provide our clients with expert analysis. Updates in regard to COVID-19 continue to be published on the Appraisal Institute’s national website as a member benefit.
The 15th edition of “The Appraisal of Real Estate” was recently released. Some of the significant changes noted from The Appraisal Institute in this edition are:
- New chapters focused on applications of market analysis and highest and best use analysis;
- Additional emphasis on identifying the property rights to be appraised in an appraisal assignment; and
- Deeper discussion of accepted techniques for allocating value among real estate, personal property and non-realty items.
Thank you for allowing me to serve as 2020 Chapter President. Please feel free to reach out to me or other Chapter officers with questions or suggestions of how the Alabama Chapter can better serve its members.