2014 Summer Newsletter

FAQ’S FOR PROFESSIONAL DESIGNATIONS

IAAO designees are expected to continue professional growth by participating in educational events and are required to fulfill continuing education requirements in order to maintain their designation. The following information outlines the recertification program and its requirements: •Recertification cycles begin on January 1st and continue for five consecutive years, ending on De- cember 31st. For a new designee, the recertification cycle begins on January 1st immediately follow- ing the date the designation is conferred. •Designees (with the exception of CMS) are required to complete at least two 7-hour USPAP update courses. •Designees (optional for CMS) are required to complete IAAO Workshop 171 (classroom or online) dur- ing the five-year cycle. •Credit hours can be reported to Matt Hernandez ( hernandez@iaao.org ) in January or February of each year, or when all recertification requirements have been fulfilled. More information regarding designation recertification, including the Procedure for Completing Con- tinuing Education Log, the Recertification Extension Applications, and IAAO Procedural Rules can be view at www.iaao.org . •All designees must complete at least 70 credit hours during each recertification cycle.

RES DESIGNATION CHANGES

Please be advised that the requirements for the RES designation will be changing. According to the IAAO:

members applying for candidacy on or after January 1, 2015, must,

prior to receiving the RES designation, hold a Bachelor’s degree or

higher from an accredited college or university.

NEED FINANCIAL ASSISTANCE?

The IAAO Executive Board has established a Scholarship Fund for the purpose of promoting ad valorem appraisal professionalism. The Scholarship Fund is available to all IAAO members who need financial assistance to:

•Attend IAAO educational activities

•Attend the IAAO Annual Conference

•Attain an IAAO professional designation

•Perform research

The Jeff Hunt, CAE, Memorial Candidates Trust grants financial assistance to professional designation candidates who demonstrate financial need and intend to use the funds to complete the require- ments of a professional designation. You may contact the IAAO Education Manager ( spiegel@iaao.org ) or visit www.iaao.org for more information.

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Summer 2014 Newsletter of the FCIAAO