On September 7, 2010, the Appraisal Institute (AI) released a statement withdrawing their sponsorship of the Appraisal Foundation. Calling the Foundation’s statement unjust and unwarranted, the statement said the “Foundation’s decision to sanction the Appraisal Institute for conduct said to have violated the Foundation’s Bylaws is simply wrong.” A video message to members from AI President Leslie Sellers can be viewed here. A copy of the letter from AI stating their immediate withdrawal from the Foundation is available for members of AI.
As of this posting, the Appraisal Foundation has not made any public statements about the withdrawal of AI. Their most recent statement was issued on September 3, 2010.