It's Back Yet Again!! The Phoenix Chapter of the Appraisal Institute is excited to announced our annual Fall Forum on Real Estate Trends will be held on Wednesday, November 8th, 2023. As always, our forum will provide an overview of Arizona's economy, with local experts providing their view on development in central Arizona, along with presentations on specific property types. This year’s Fall Forum will be on November 8, 2023 and will be held at the same location as the previous one - (Desert Willow Conference Center – 4340 East Cotton Center, Suite 100). The forum will provide 7.0 hours of Continuing Education hours for the State of Arizona. There will be 9 presenters, speaking on a variety of topics as outlined under the "Meetings" tab. This seminar includes a continental breakfast, lunch, and drinks and snacks throughout the day.
Click on the following link to register for the Fall Forum November 8th, 2023: Register Here (Click the meetings tab for a schedule of speakers)!
For those Appraisal Institute members that often ask, “what the heck do you guys spend all our dues money on? The answer is sometimes, “we have a party”.
On May 24th, 2023 we held a statewide “Victory Celebration” at the Culinary Dropout to mark the passage of HB2230, which limits appraiser liability to 4 years, and was signed by Governor Hobbs on April 19, 2023. The new legislation becomes law 90 days after the end of the 2023 legislative session.
Although this successful legislative effort was spearheaded by the Phoenix Chapter, (and Dale Cooper in particular), it was a statewide effort, with all appraisers in the state asked to contact their Arizona State Representatives and speak in favor of the Bill. And they did.
Besides Dale, I would like to thank:
Southern Arizona Chapter of the Appraisal Institute and President Michael Bernstein
Coalition of Arizona Appraisers, and President Tanya Kleinschmidt
Real Estate Appraisers of Southern Arizona and President Christine Plunkett.
According to the Arizona Department of Financial Institutions, there are about 2,200 appraisers licensed in Arizona. Of those 2,200, only about 1,700 live in the state, with about 400-500 having reciprocal licenses with out of state addresses. Yet this small group of 1,700 appraisers reached out to their legislators, and were able to have a positive impact on the profession. This legislation offers a rare bit of good news to our industry.
Going forward the Chapter and I will be working on providing meetings of interest to all of our members, with special emphasis on our annual Fall Forum. This year we are hoping to involve more appraisal trainees by offering scholarships to cover the cost of tuition, allowing new appraisers the opportunity to meet with grizzled veteran appraisers.
Yours,
Jim Driskill
PCAI President
History of the Bill: Click Here!
Appraiser Liability Bill HB2230 was signed by Governor Hobbs on April 19, 2023, and is now law in Arizona! I would like to thank all of the appraisers in Arizona for their work at passing this essential legislation that will help with the personal economic security of licensed valuations professionals in our great state. In addition to our board, I would like to thank the Southern Arizona Chapter of the Appraisal Institute, the Coalition of Arizona Appraisers, and the Real Estate Appraisers of Southern Arizona, all of whom mobilized their members to contact their Legislators in support of this bill.
Special thanks goes out to Scott Dibiasio, Manager of State and Industry Affairs at the Appraisal Institute, and Dale Cooper, former President of PCAI and our current registered lobbyist.
Together we accomplished something great for our profession, and everyone should be proud that a small group of 2,000 were able to advocate for our vocation and get something done!
Yours
Jim Driskill
President of PCAI
History of the Bill: Click Here!
Appraiser Liability Bill HB2230 passed the Arizona Senate April 12, 2023, on a vote of 16-14-1. There was a suprising amount of opposition to the Bill, but this could have been in connection with negative perceptions of the Bill’s sponsor, Liz Harris, who was expelled from the House of Representatives after having brought in a speaker to the Legislature in February that accused Hobb’s and other state government officials of taking bribes from a Mexican drug cartel.
Because of the politics, HB2230 is at a precarious state, all appraisers are encourge to contact the Governor and encourage her to sign the bill into law. The Governor's contact information is given below.
Office of the Arizona Governor
State Capitol Executive Tower, West Wing
1700 W. Washington Street, Suite 230
Phoenix, Arizona 85007
Phone: (602) 542-4331
email link: Click Here!
Again the intent of the legislation is to limit the time frame that an appraiser can be sued for malpractice, negligence, errors, mistakes, omissions, or a breach - to 4 years. Contact the Governor today!
Appraiser Liability Bill HB2230 passed the Arizona Judicial Committee on March 9, 2023, and then passed the Senate Rules Committee on March 20, 2023. The bill had two "no" votes, on the Judicial Committee, and three "no" votes from the Rules Committee, but none-the-less passed both committees. The bill now goes the Senate floor.
According to the Arizona Legislative website, the bill has 27 Request to Speak (RTS) in favor of the bill, and 2 RTS against the bill. According to the website, Wendy Briggs of the American Property Casualty Insurance Association was against the bill, along with Jeanne Kentch, Mohave County Assessor. A link to the Arizona legislature's website to track the bill can be found here.
The intent of the legislation is to limit the time frame that an appraiser can be sued for malpractice, negligence, errors, mistakes, omissions, or a breach - to 4 years. Contact your Arizona Senator today!
Appraiser Liability Bill HB2230 passed the Arizona House on Wednesday February 22, 2023. The bill only had two "no" votes, coming from Cesar Aguilar in District 26, and Analise Ortiz in District 24. While this is certainly good news, the bill now goes to the Arizona Senate, where a similar bill died 4 years ago. For those Arizona appraisers that have not yet done so, please contact your respective senator from your district. Your district Senate representative, their phone numbers, and their email addresses can be found by using the links below.
Again, the intent of the legislation is to limit the time frame that an appraiser can be sued for malpractice, negligence, errors, mistakes, omissions, or a breach - to 4 years. Contact your Arizona Senator today!
Liz Harris, Arizona State Representative for District 13, has introduced a Statute of Limitations for appraisal reports. The intent of the legislation is to limit the time frame that an appraiser can be sued for malpractice, negligence, errors, mistakes, omissions, or a breach - to 4 years. Exceptions would include a claim that the appraiser knowingly and intentionally committed fraud, or made a gross misrepresentation. Co-sponsors as of this writing include Rachel Jones, District 17, and Austin Smith, District 29. The proposed bill number is HB 2230, and can be found here, (click link).
Current law provides for a "two year" statute of limitations, but the two years is based on when the aggrieved party "discovers" a problem with the appraisal. In practice, this means that an aggrieved party can "discover" a problem 3 years after the appraisal was written, or 7 years, or 10 years, or 15 years, or 20 years, or 25 years, etc. Given that the two year limit only starts when the aggrieved party says it starts, there is no current practical limit to appraiser liability in Arizona.
Appraisers are encouraged to contact their legislators and ask them to vote for this legislation, (House Bill 2230).
If you don't know who your legislator is, you can figure it out by clicking on the link below and entering your home address:
Find my legislative District, (click here).
Once you know your legislative district, the name, address and email of your legislator can be found below:
A list of legislators can be found here, (click).
Sample letters to legislators can be found below:
Sample Letter A
Sample letter (A) can be found here, (Click).
Sample Letter B:
Sample Letter (B) can be found here, (Click).
Additional Talking Points to Legislators can be found below:
Additional Talking Points, (Click).
Talking Points to Legislators from Dale Cooper
Dale Cooper Talking Points, (Click).
Talking Points From Scott DiBiasio
Scott DiBiasio Talking Points, (Click).
The Fall Forum will provided 7.0 hours of Continuing Education credit for Arizona appraisers. The forum included a continental breakfast, lunch, drinks and snacks throughout the day. This event, which keeps getting better every year, was organized by PCAI Education Committee co-chars Steve MacDonald, MAI, SRA, and Kevin Neal, MAI.
If you have questions about the Fall Forum or any PCAI activity, please contact Jenny at aiphoenix152@gmail.com
John Wyatt, MAI is in the process of finishing his two year term as President of the Phoenix Chapter of the Appraisal Institute. John was awarded a plaque at the Fall Forum by incoming President Jim Driskill, MAI SRA.
By the Numbers - As of November 2022, the chapter currently has 96 Designated Members, of which 8 are life members, 4 are semi-retired, 26 are Designated as residential. We have 28 Candidates, and 27 Practicing Affiliates.
Looking to serve your Chapter and network some more? Look no further. PCAI needs members to serve on the following committees.
Nomination Committee (helps facilitate annual chapter elections by seeking qualified candidates)
Education Committee (if you want to provide your input on classes that you feel should be offered by the Chapter - this is the committee for you).
Candidate Guidance Committee (looking to give back your time to assist PCAI members in getting their Designation? This is the committee for that).
If you are interested in any of these positions, please reach out to the Chapter office at: aiphoenix152@gmail.com