President’s Message

Greetings fellow Appraisal Institute members. I am honored to be your 2022 President of the Metro Chapter of the Appraisal Institute and promise to do all I can to ensure our continued success. The state of our profession is evolving which will bring challenges as well as opportunity. The need for expertise has never been greater and that is where we excel. But we must also find a way to eliminate the barriers to entry to our profession to ensure our future and grow our Chapter.

Great challenges lie ahead as the uncertainty of COVID continues, more challenges will occur and while I am proud of how we have reacted to the fluidity of events to date, we must remain vigilant and continue to creatively find solutions and lead our profession. Monitoring and shaping governmental issues will be on our forefront.

The Appraisal Foundation, in an effort to increase barriers to entry and to promote diversity, is looking to add alternative paths to experience necessary for licensing and the Appraisal Institute is working to facilitate that change. This includes accredited Universities having some of their course work count towards designation path requirements. Appraisal experience obtained virtually is also being explored.

Our Monmouth University partnership is still in the works but COVID has delayed getting the enterprise to a closed deal. Chris Otteau, MAI and James Meehan, MAI continue to work on making a joint conference and solidifying that partnership.

We are considering a Hybrid Conference in the Spring and hope to be able to be both in-person and Virtual to accommodate all who want to attend. We do plan to be back in Princeton, but still working out details for whether to do the Conference in the Spring or Fall. Beyond that we are always working towards in person meetings again and will do so when reasonably feasible.

I want to thank Chris Otteau for his service, especially during another tumultuous year. Under his leadership, our finances have remained in good shape despite the challenges with Virtual education and limited conferences due to the pandemic.

Our Chapter will be as strong as our members, I encourage all of you to be involved and share your ideas—we will be the better for it!

In close, again I thank you for the opportunity to be the President of the Chapter.

Happy Holidays,

John J. Musnuff, MAI

2022 Metro NJ Chapter President

John J. Musnuff, MAI

2022 Chapter President