Saying he was "thoroughly and unrepentantly optimistic," Appraisal Institute President Richard L. Borges II, MAI, SRA, told AI Annual Meeting attendees in Indianapolis July 23 that “the Appraisal Institute’s greatest days are ahead of us – not behind us.”
Speaking at the 2013 AI Connect’s opening general session, Borges said that the AI Board of Directors has asked the Strategic Planning Committee to investigate a number of ideas that will help the Appraisal Institute not only face competitive challenges today but will enable the organization to become stronger for the future, better serving AI professionals and the public. He noted that SPC is investigating a number of issues that will help determine what AI and the profession will look like in the future.
“When the Board rolls out these new and exciting ideas, they will be part of a complete, strategic package that has the potential to be unique, visionary, far-reaching and game-changing … all while certainly being rooted in the basic values and goals of this organization,” Borges said.
During the event’s July 25 general session, The Appraisal Foundation Board of Trustees Chair Steven G. Elliott, SRA, MRA, told attendees that even as the real estate market continues its slow recovery, the valuation profession still faces numerous challenges, such as market conditions, government intervention, client expectations and many others.
Elliott also took a look into the future to postulate how appraisers will respond to these challenges, and went on to discuss potential opportunities that may exist for appraisers. “One in every three babies born today will live to be 100 (years old). Think of all the construction,” Elliott told attendees.
Elliott also discussed his views on issues such as professional standards, qualifications, designations, education, ethics and methodology practices.