e all know that highest and
best use (H&BU) analysis is
the foundation of any market
value estimate, and has an important and practical
application within our Standards rules. Paying a little
more attention to H&BU will better our profession
as a whole, and help members prepare improved
reports. Through all of this, we will help clients
understand the nature of our appraisal or consulting
assignments which may result in a reduction in their
perceived need to lodge complaints.
The AIC Consolidated Regulations are quite
clear in outlining the two goals of our professional
practice process. The first goal is to educate our
members to prevent reoccurrence of situations
that essentially motivate people to complain, and
the second goal is to ensure procedural fairness
throughout the complaint investigation and the
disciplinary process. From time to time, we are
asked to investigate complaints that essentially
revolve around the matter of H&BU.