"The AppraiserLoop suite of services provides commercial real estate appraisers with a single bank of information and a set of Internet software tools that exist nowhere else in the market today," says John K. Wood III, Vice President of the new division. "(It) enables appraisers to produce appraisals, manage assignments, and store information and documents with much greater ease and efficiency."

The Appraisal Institute Commercial Database, which is being developed for AI by LoopNet, serves as a data cooperative for appraisers, who can contribute, store and retrieve information from it in the process of performing appraisals. For sign-ups through March 31, 2002, the discounted monthly subscription rates effective through September 30, 2002, are $35.00 for Designated Members of the Appraisal Institute, $50.00 for Associate Members and $65.00 for all other subscribers. After March 31, subscription rates increase to $40.00, $60.00 and $75.00 per month, respectively. Appraisers can access AppraiserLoop at www.Appraiser.LoopNet.com.