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Otis
Certified Residential
Joined: 11 Aug 2007
Posts: 2899
Location: High and Dry
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 Posted: Wed Nov 21, 2007 1:32 pm Post subject: Letter to the AI, ASA & ASFMRA (Merger attempts) |
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| Quote: | TO: Board of Directors
FROM: President Terry R. Dunkin, MAI, SRA
Cc: Appraisal Institute Membership, 3rd Directors, Audit Committee, AI Unification
Project Team, Ray Brownfield, President, ASFMRA, John Willey, President, ASA
DATE: November 20, 2007
SUBJECT: Letter to the Board of Directors from President Terry Dunkin, MAI, SRA
Fellow Board Members:
Following our meeting earlier this month and subsequent discussion, a brief review on unification is in order. Last February, the Board authorized the Appraisal Institute's unification project team to pursue a plan for bringing together the Appraisal Institute (AI), the American Society of Appraisers (ASA) and the American Society of Farm Managers and Rural Appraisers (ASFMRA). To guide the project team, the Board passed the following motion:
That the Allied Efforts Project Team be directed to negotiate and develop a plan of unification among the Appraisal Institute (AI), American Society of Appraisers (ASA) and American Society of Farm Managers & Rural Appraisers (ASFMRA) organizations for consideration by the Boards and members of each organization.
That the Project Team update the Board of Directors on the development of the plan including necessary details at each Board of Directors meeting.
That the Project Team and Board of Directors members communicate effectively and in detail with the membership on the goal and proposed plan of unification.
That the Allied Efforts Project Team, as expeditiously as possible, develop an action plan including a timetable for consideration at the April 2007 Board of Directors meeting.
Unification Team meetings began shortly thereafter and, excluding numerous phone calls, e-mails and other types of correspondence, the Unification Team (AI/ASA/ASFMRA) met almost a dozen times. In July, the team hired Dadie Perlov, a professional facilitator with extensive experience in association mergers and unification efforts. With Ms. Perlov's facilitation, the culmination of the team's efforts was manifested in the presentation of its draft unification plan to the joint meeting of the AI/ASA/ASFMRA Boards of Directors on November 6.
In preparation for the joint meeting, the draft plan and pro-forma financials were to be distributed to each Board for its review. Unfortunately, due to the very tight timeline on which the Unification Team operated, these materials were not provided to you until a few days before the joint Boards' meeting. Thus, the Unification Team's presentation on the morning of November 6 left many of you with a number of questions, particularly regarding the financials.
At the end of the joint Boards' meeting, on the morning of November 6, each Board was asked to approve the following motion:
"To accept the Unification Team's report and provide funding in an amount not to exceed $200,000 to continue development of the final plan by March 1, 2008, to unify the profession." (The Appraisal Institute's portion of this funding most likely would be $100,000.)
When we took up this issue during our November 6 afternoon meeting, it was clear to me that all in attendance were anxious to weigh in. This included members of the AI Unification Project Team and Dadie Perlov, who were invited to attend and participate in the open meeting session.
Following an extensive question-and-answer period, we went into Executive Session, again inviting the project team to be present. The debate was lengthy and thorough, as most of you introduced a wide variety of views on the proposed plan and its specific elements. Project team members also were asked to contribute during the candid session.
At the end of the discussion, the Board did not approve the motion put forward by the Unification Team, and instead adopted the following motion:
"To direct the President and the Executive Committee to continue working with the (AI) Unification Project Team on a potential unification effort."
Since departing New Orleans, I already have reached out to the presidents and leadership of ASA and ASFMRA to assure them that the AI Board of Directors is committed to pursuing unification with their organizations. I also advised them that while some elements of the proposed plan are acceptable to the Board, others are not. However, I stated that these are issues we can discuss further in pursuit of finding a solution that is acceptable to all three organizations.
It is important to note that recent discussions between the Appraisal Institute and the National Association of Realtors (NAR) regarding possible affiliation played no role in our deliberations or decision on unification with ASA and ASFMRA. Unification and possible NAR affiliation are independent of one another and this fact was communicated to ASA and ASFMRA leaders on several occasions well in advance of the New Orleans joint Boards' meeting.
Going forward, the Executive Committee would like to meet with the AI Unification Project Team the week of November 26-30, subject to availability, to review and discuss the Appraisal Institute's position on elements of the proposed unification plan and to formulate alternatives that we think are acceptable to all three organizations.
The Executive Committee and AI Unification Project Team encourage and welcome your input on this important decision that will be addressed again at the next Board meeting, February 4-5, 2008. We will continue to keep you informed on this matter as developments occur. |
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Jay Trotta
Member
Joined: 12 Aug 2007
Posts: 812
Location: Snowglobe
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| Posted: Wed Nov 21, 2007 3:41 pm Post subject: |
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looks like they got the herd together, starting drinking from the trough and found it slightly tainted (Timothy Leary toys) and decided on further talks to clarify some of the questions......hmm
interesting, but what will it do for the masses  clearly the AI has the Commercial side together, and in leaving behind the Residential side, it just begs the question, when it's settled, will the Resodential Appraiser be any better off just a few pennies worth
_________________
As President Ford said, "A government big enough to give you everything you want, is strong enough to take everything you have."
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Ter Shields
Certified General
Joined: 17 Aug 2007
Posts: 546
Location: Springtown, AmeRica
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| Posted: Thu Nov 22, 2007 10:37 pm Post subject: |
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might relate to 'if i cannot be the big dog and you be the tail...i don't wanna play' syndrome
_________________
The Chinese never ask about Price. They only ask about supply. - Prince Saud, minister SABIC
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