The Appraisal Institute (AI), the nation’s largest professional association of real estate appraisers, announced it has, for the first time, bestowed its residential review designation to a previously non-designated member, AI announced in a release.
Kansas resident Kathy S. Kocour received her AI-RRS designation in June. The AI-RRS membership designation is held by real estate appraisers who are experienced in residential appraisal review, and who have met rigorous professional requirements relating to education, testing, experience and demonstration of knowledge, understanding and ability, the release said.
Kocour is the first individual to receive the AI-RRS without holding a previous Appraisal Institute designation. She is a review appraiser for UMB Bank in Kansas City, Mo., where she manages private wealth appraisals. Kocour has worked in the valuation profession for more than 10 years.
The Appraisal Institute established a professional appraisal review designation program in response to the growing and critically-important role that appraisal review plays in risk management and mitigation for many clients/users of appraisal services.
“Appraisal reviewers play an important role in the residential real estate market, and we applaud Kathy for her tremendous accomplishment,” Appraisal Institute President Jim Amorin said.