PRESIDENT'S MESSAGE

 

2Q 2022 President’s Message – Michael T. Mooring, MAI

 

I hope everyone is enjoying their summer. It seems universal that everyone is extremely busy so remember to take some time to smell the roses and take a nice vacation this summer.

The Louisiana Chapter is in sound financial shape. We were very pleased with the attendance for the “Property Measurement & Pricing Seminar” that was instructed by Cheryl Bella, MAI and the “Inconsistency: it’s hidden in Plain Sight in Your (commercial) Appraisal” seminar instructed by Rick Carlile, MAI, SRA. The feedback was positive for both courses, and we look forward to providing other interesting continuing education courses in the future. Please choose to get your education from the Appraisal Institute. It is the best quality education, and the fees are the lifeblood of the chapter.

The pandemic forced immediate changes in the way education is delivered mostly in the form of virtual classes. The Appraisal Institute recently approved concurrent education (in person/virtual) on a national level. Look for this type of education delivery to become more common in the future. 

On the legislative front, the Louisiana legislature passed Senate Bill 367 and will become effective upon Governor John Bell Edwards signature. The new law creates major changes to our current Appraiser Certification law including a new licensed residential category. Certification titles have changed from “residential certified real estate appraiser” to “certified residential appraiser” and “general certified real estate appraiser” to “certified general appraiser”.

Additionally, the Certified Residential appraiser level has changed regarding appraising other property types less than or equal to $500,000 market value.  It was previously set at $250,000 transaction value. Please take time to become familiar with the new law.

We are continually searching for members to participate in leadership roles and would love to see some new faces come forward. Please contact us if you would like to get involved.

Have a great summer.

Michael Mooring, MAI

2022 President, Louisiana Chapter of the Appraisal Institute