API partners with IAAO

Photo Glenn Hunt
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THE Australian Property Institute (API), and the International Association of Assessing Officers (IAAO) have entered into a formal partnership.

The partnership aims to promote and improve the appraisal and assessment industry through additional professional development opportunities and advocacy of the role the industry plays.

API CEO Amelia Hodge said the partnership has the shared vision of advocating for the industry and advancing the standards and education of the profession.

“We believe this work will ultimately have the highly desirable effect of improving the valuations and property industry in Australia and around the world,” she said.

IAAO executive director Ron Worth: “We believe that our efforts can be magnified through cooperation and coordination and are very much looking forward to collaborating with the API. Providing additional education opportunities in the United States, Australia, and around the world will help improve the appraisal and assessment industry.”

The partnership agreement outlines the following key objectives:

  1. Support and provide continuing education for professionals in the industry
  2. Support and develop jointly, professional development materials and programs at national/international conferences or with chapters, if feasible, in the future
  3. Encourage institutions of higher education, the local government agencies and the public to promote the profession of assessment and appraisal
  4. Help young professionals in the assessment and appraisal profession to recognise the value of joining and participating in their associations and professional societies
  5. Invite each other to designate a representative to serve on their appropriate committees or task forces responsible for promoting professional development

Earlier this year the API and IAAO jointly presented an International Research Symposium in Melbourne, offering an exploration of the intersection of public policy and mass appraisal standards, guidance, and implementation challenges. IAAO and API are reviewing offering a symposium again in 2021.

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