The Appraisal Institute, the nation’s largest professional association of real estate appraisers, and Residential Energy Services Network, also known as RESNET, announced the signing of a “cooperation agreement” to promote education, research and data standards surrounding energy efficient homes.
RESNET, a U.S. standards-setting body for energy efficiency rating and certification systems, will work with the Appraisal Institute to present education programs on real estate valuation topics and building energy efficiency rating and certification systems to appraisers, builders, developers and other interested individuals.
According to a joint release from the organizations, AI and RESNET also agreed to cooperate in research and studies on topics of interest to both organizations.
Additionally, the groups also agreed to cooperate in developing data points relating to the rating of building efficiency and performance for use by appraisers in real property residential valuations.
“The Appraisal Institute is thrilled and honored to have this opportunity to further its leadership in green and energy efficient valuation by working with such a highly regarded organization as RESNET,” said Appraisal Institute President Scott Robinson.
“This agreement can serve to boost high energy performance homes in the market place,” said RESNET Executive Director Steve Baden. “Residential real estate professionals will be given tools to better know the energy performance of the home being appraised and find comparable homes in the market.”