The Appraisal Institute announced it has expanded its Valuation of Sustainable Buildings Professional Development Program’s online registries of residential and commercial appraisers.
Placement on the registries shows potential clients and employers that these individuals have obtained knowledge on green and energy-efficient valuation. The global professional association of real estate appraisers expanded the list of those eligible to be listed in the online registries in response to requests from clients seeking to hire commercial and residential appraisers who had participated in the Appraisal Institute’s program.
The registries, found on the Appraisal Institute’s website, now list the names of AI Designated members, Candidates for Designation, Practicing Affiliates, Affiliates and non-AI professionals who have successfully completed the courses in the program.
“The Appraisal Institute is excited to expand these ‘green’ registries and continue to help educate appraisers and other professionals interested in the valuation of energy-efficient residential and commercial properties,” said Appraisal Institute President Ken Wilson.
Currently there are four courses as part of the Appraisal Institute’s program: Introduction to Green Buildings: Principles & Concepts; Case Studies in Appraising Green Residential Buildings; Case Studies in Appraising Green Commercial Buildings; and Residential and Commercial Valuation of Solar. The Institute plans to add additional courses to the program as relevant information develops on green buildings and the best practices for appraising such properties.
The National Association of Home Builders encourages lenders to consider requiring the use of an appropriately qualified appraiser to value green properties, citing the Appraisal Institute as a solution for training on valuing green properties and in finding an appraiser who is qualified to understand its real market value.
Interested parties can learn more about the Valuation of Sustainable Buildings Professional Development Program on the Appraisal Institute’s website.