Floor Plans Could Be an Issue in Appraising
I’m an AI “member” (because I pay membership dues) even though I’m not supposed to say it that way. Technically, I am an Appraisal Institute Practicing Affiliate.
Regardless, an AI email earlier on 6/29/22 had this news:
The ‘link’ they have in that posting goes to a different case.
If you want to see how the ‘floor plans’ issue wound its way through the Supreme Court, you can use this link.
What does this mean for our work, when a ‘Floor Plan‘ is required as an exhibit in our reports? I don’t know!
I suspect we’ll be hearing and seeing more about this in the coming days.
But, maybe a way to solve this issue is to call the exhibit a DIAGRAM of the structure. Label the report page “Structure Diagram”, which does not infringe on the words ‘Floor Plan’ which seemed to be a crux of the original lawsuit.
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