A new Appraisal Institute Registry has come out listing both Vermont residential and commercial appraisers who have successfully completed the Appraisal Institute's Valuation of Sustainable Buildings Professional Development Program. Residential appraisers must complete 28 hours of course work and pass three exams while commercial appraisers have to complete 35 hours of course work and also pass three exams.
According to Vermont Green Home Alliance (VGHA), the Registry "enables lenders or their Appraisal Management Company to draw appraisers from a pool of qualified appraisers on a high performance and/or "green" home." The Appraisal Institute Registry really gives a lender's purchasing agent or Appraisal Management Company more self-confidence when hiring an appraiser.
This new registry is giving appraisers an important new skill set. VGHA writes, "Ever increasing numbers of new homes and significantly renovated homes in Vermont are achieving energy efficiency levels well beyond what has existed in our traditional housing stock and the need for this training is great." An appraiser does not have to be an Appraisal Institute member to be on this registry. It is open to appraisers that meet all of the requirements. Take a look at the registry and learn more about what the program has to offer.