|
|
|
Atlanta Area Chapter Appraisal Institute
Summer 2016 Newsletter
|
|
| |
|
President's Message
Joe Anderson, MAI, President, Atlanta Area Chapter Appraisal Institute
Cogitate Peripherally from the Prism
First let me say it is an honor and privilege to serve as your chapter president for 2016. You have a great slate of officers and board members working on your behalf and I can't say enough good things about your Executive Director, Suzanne Brockway. She is like a graceful swan above the water and peddling like crazy below. If you have a great time at one of our events, please tell her thank you. If you have a problem with something, talk to me or one of the other board members.
 Hanging outside the board room where we meet quarterly is a portrait of Teddy Roosevelt with the quote "Every man owes some of his time to the upbuilding of the profession to which he belongs." I am extending that to all individuals (and dang it we need more women in our profession.) If you are interested in serving your profession, we will put your talents to work for you and your colleagues. Showing up at events and taking your CE with us is a great step to supporting your organization.
But you still might ask what has my AI Chapter done for me lately? AI ATL has provided you with seven CE class opportunities so far this year with more great CE to come. Pixel in September 29th for the State of Atlanta conference, by far our most popular event of the year. Also pixel in our August 24th meeting and CE that will feature some of your client base as panelists and speakers. A total of six professionals who hire appraisers on a daily basis will be featured. You can't get that online anywhere, so don't miss this opportunity. AI ATL has also provided seven qualifying and advanced education classes so far this year. We took the CE and chapter meeting show on the road to Callaway Gardens to provide our members a different experience of education outside the Perimeter. If you missed it, the CE was great and those I to spoke with enjoyed the event. AI ATL is once again providing opportunities to attend the AI National award winning cosponsored program
at the quarterly Georgia State Economic Forecast meetings. AI ATL also sent five members to LDAC, who met with Senator Isakson to discuss the unintended consequences of raising the de-Minimis, the possibility of a streamlined process for multi-state certification, as well as, discussions about evaluations. We have kept you up to date on issues at the Gold Dome as well. Speaking of politics, once the riots are over in Cleveland and Philadelphia, we plan to have some social gatherings at local watering holes. Let's face it Buckhead was named for a tavern and that makes it a long standing ATL tradition to gather in such places.
Just as the practice of appraisal has changed, so has the marketplace for education. Your board will be discussing how we roll with the changes at our next meeting. As you may have learned at a CE opportunity last year, only 12 people became registered appraisers in the preceding 12 months in Georgia. AI ATL has done a great job of mentoring candidates through the process to become designated-in fact you won an award for that. These two factors have resulted in a dwindling supply of candidates. Then consider that many young people today want an online delivery of the qualifying and advanced education classes and you have a perfect storm for live classes. So these are among the topics we are focused on this steamy hot summer. Breathe in the air and I hope to see many of you at the AI Connect in Charlotte, your next chapter meeting in the ATL or perhaps on the Dark Side of the Moon.
Upcoming Events
Education Schedule is provided further down this newsletter.
- Joint Region Meeting, Charlotte, NC - 7/24/16
- AI Annual Conference, Charlotte, NC - 7/25-27/16
- Chapter Lunch Meeting, Atlanta Realtors Center, 8/24/16
- State of Atlanta Conference, Cobb Galleria Centre, 9/29/16
- Chapter Dinner Meeting, Atlanta Realtors Center 11/10/16
|
September 29, 2016 - SAVE THE DATE!
Please join us for our 15th annual State of Atlanta conference, which provides real estate appraisers and professionals with a current understanding of the real estate market and economic trends in Atlanta and the region. By attending the conference, you will walk away with the latest data, which will place you at a competitive advantage.
Companies who sign up at least 5 employees or guests, will receive a free supporter level sponsorship. Contact Suzanne Brockway at sbrockway@aiatlanta.org for more sponsorship details and opportunities.
PROGRAM MODERATORS
Jean Moss, MAI, V
ice President/Director, Wells Fargo Bank - RETECHS, Atlanta, GA
Sandra Winter, MAI, AI-GRS,
First Vice President - Manager - Central Region, REVAL (Real Estate Valuations Group), SunTrust Bank, Atlanta, GA
CONFIRMED SPEAKERS
Dr. Rajeev Dhawan,
Director, Economic Forecasting Center, Georgia State University
Topic:
Local and National Economy
KC Conway, MAI, CRE,
Sr. VP CRM & Chief Appraiser, SunTrust Bank
Steve Palm, President, Smartnumbers
Topic: Single-Family / Residential Market Outlook
Chris White,
Executive Vice President, Market Leader, Savills Studley
Topic: Office Market
Eric Zimmermann, Managing Director, Eastdil Secured
Topic: Retail Market
Additional speakers and topics will be announced soon.
LOCATION
Cobb Galleria Centre, Two Galleria Pkwy., Atlanta, GA, 30339
|
|
|
3rd Quarter Chapter Meeting
Wednesday, August 24, 2016 - SAVE THE DATE
New Location
Atlanta Realtors Center, 5784 Lake Forrest Drive, Atlanta, GA, 30328
Schedule
8:30 a.m. - 12:00 p.m. - The Lender Client & the Appraiser: You're on the Same Team!
12:15 p.m. - 2:00 p.m. - Atlanta Area Chapter Lunch Meeting
Continuing Education & Attendance Policy
The Appraisal Institute has approved 3 ½ hours of continuing education credit. We have applied for 3 ½ hours approval with the Georgia Real Estate Appraisers Board. 100% attendance of classroom time is required to receive credit. One (1) hour of extra AI CE credit is approved for attendance at both the seminar and chapter meeting. Please be advised that the lunch meeting is not approved for state CE credit.
ABOUT THE SEMINAR
Lender Client & the Appraiser: You're on the Same Team, 8:30 a.m. - 12:00 p.m.
This new seminar is designed to delve into the relationship between bank reviewers and appraisers. The seminar will discuss key issues from both sides of the equation and provide practical ways to maximize the interaction for both parties. The first portion will present helpful tips for the appraiser to understand when working for a lender client, followed by a discussion of pro-active ways for the lender-client to provide the appraiser with a quality experience. Both portions will provide common pitfalls to avoid and the seminar will end with interactive examples of review experiences. It will include substantial class discussion in order to explore ways to make the review experience a positive interaction with the same goal. The seminar will conclude with a mock review of the following local bank reviewers.
Bank Reviewer Panel
- Donna Bordelon, Vice President, Director of Valuation Services, State Bank & Trust Company
- Joe Conlon, MAI, Appraisal Administrator, Fidelity Bank
- Adam Trammell, MAI, Collateral Appraiser III, Wells Fargo Bank
- Tim Wagoner, SRA, AI-RRS, Vice President / REVAL, SunTrust Bank
Seminar Instructor & Developer
Jody Odom, MAI, AI-GRS, CRE, is
a Commercial Review Analyst for South State Bank in Fort Mill, SC. Ms. Odom has been in the appraisal industry since 1983 having worked for numerous firms such as Laventhol & Horwath, Landauer, GMAC Commercial Mortgage, and LandAmerica, where she was Chief Appraiser. She has also owned her own appraisal firm and prior to joining South State Bank as a reviewer, she enjoyed 12 years partnering with her husband at Richard Odom & Associates in Rock Hill, SC. Ms. Odom has served on numerous Appraisal Institute local, regional and National committees including having the honor of being Chapter President for both the Atlanta Area and South Carolina Chapters. In addition to her Appraisal Institute volunteer service, she also is active with the Counselors of Real Estate in North and South Carolina.
ABOUT THE CHAPTER MEETING
Keynote Presentation, 12:15 p.m. - 2:00 p.m.
Speaker: John C. Danner, MAI, SRPA, SRA
, Real Estate Appraiser, National Parks and Reclamation Division, Eastern Regional Office, Office of Valuation Services, U.S. Department of the Interior. Mr. Danner will cover the following topics:
- Federal agencies that use real estate appraisers (opportunities abound)
- Bids, proposals, and suggestions on what to include in a proposal
- Yellow Book opportunities and requirements
- Differences between traditional and yellow book appraisals
- Federal acquisition procedures (need for detailed property description)
- Common appraisal issues with real world example
|
Education Schedule
Advanced Education
Advanced Market Analysis & Highest & Best Use, Sept. 26-30, 2016
Advanced Concepts & Case Studies, Dec. 5-10, 2016
Qualifying Education
General Appraiser Income Approach / Part I, July 11-14, 2016
General Appraiser Income Approach / Part II, Aug. 8-11, 2016
General Market Analysis & Highest & Best Use, Aug. 22-25, 2016
General Appraiser Report Writing & Case Studies, Oct. 17-20, 2016
Continuing Education
The Lender Client and the Appraiser: You're on the Same Team!, Aug. 24, 2016 (3 1/2 hours)
State of Atlanta Conference (15th Annual), Sept. 29 (3, 4, or 7 hours)
Seminar TBA, Nov. 10, 2016 (3 1/2 hours)
|
Education Scholarship Program - Application Deadline
Deadline to submit an application is September 30, 2016.
The scholarships will be awarded within 30 days. Persons awarded the scholarship will be asked to attend the Chapter meeting for the formal presentation announcement.
Overview of the Requirements:
- Applicant must be an Atlanta Area Chapter Candidate for Designation or Practicing Affiliate actively pursuing the MAI, SRA , AI-GRS, or AI-RRS designation.
- Applicant must have attended a minimum of 2 Atlanta Area Chapter Appraisal Institute meetings within the past eighteen months.
- Applicant must submit a list of completed Appraisal Institute courses, to date.
- Applicant must submit a resume or statement of qualifications.
- Applicant is asked to list any Honors, Awards or Distinctions, any extracurricular activities, affiliations with other professional organizations, and any volunteer or community service.
- Applicant must state if he/she is a previous scholarship recipient of this award.
- Applicant must submit a maximum 500 word written essay stating why he or she should be awarded the scholarship, highlighting professional goals and experience. In this essay, applicant should list educational plan for the MAI, SRA, AI-GRS, or AI-RRS designation.
- In lieu of an essay, two questions supplied by the Scholarship Committee may be answered. Examples: Why do you want this scholarship? Please discuss your interest in residential or commercial real estate appraisal and your career objectives. Please include why you believe your interest and objectives make you uniquely qualified for this scholarship.
- Applicant must provide a letter of recommendation from current or previous employer.
Qualified Candidates and Practicing Affiliates are encouraged to apply for this scholarship. Incidentally, if you know of an Atlanta Area Chapter Candidate for Designation or Practicing Affiliate, who may be qualified for an Atlanta Area Chapter scholarship, please forward this e-mail to that person.
Contact Lisa Jenkins Wells for more information at lwells@renasant.com. Please note that the scholarships will apply to in-classroom instruction held in Atlanta and offered by the Atlanta Area Chapter Appraisal Institute.
|
2016 LDAC Conference Report
By Andy Sheppard, MAI
The Leadership Development and Advisory Council ("LDAC") met May 25th through May 27th in Washington, D.C., to discuss topics oriented toward the short- and long-term future of the Appraisal Institute, including lobbying Senators and Representatives to modernize existing laws and regulations which would benefit the appraisal community. A total of 102 appraisers from across the country participated, including first-year participants Bo Bass, MAI and Gene Carden, SRA, AI-RRS; second-year participant Andy Sheppard, MAI; and, third-year participants Jeff O'Dell, MAI, and Sherry Watkins, MAI, FRICS, ASA, from the Atlanta Area Chapter.
(Left-Right): Gene Carden, SRA, AI-RRS; Bo Bass, MAI; Sherry Watkins, MAI; US Senator Johnny Isakson; Jeff O'Dell, MAI; and Andy Sheppard, MAI
This year's discussions involved the SRA designation, increasing the Appraisal Institute's market share while contemporaneously dealing with a diminishing supply of Candidates, regulations imposed on appraisers which limit our ability to use our skills with emerging valuation issues, and professional development opportunities for designated and non-designated members of the Appraisal Institute.
Byron Miller, SRA, AI-RRS, RRA, from Minneapolis, had participants contemplate the types of appraisals that designated and non-designated SRA members could potentially complete. MAI- and SRA-designated participants reiterated that there is considerable value in obtaining the designation, be it transitioning away from commodity assignments, higher fee splits within their organization, better fees, and/or generally more complicated and professionally rewarding appraisal assignments.
Chris Ponsar, MAI, SRA, from Honolulu, discussed the benefits of instituting or furthering outreach efforts to bring more appraisers into the Appraisal Institute, including examples of roundtables, luncheons, and after-hours events being done at various chapters, as well as a recommendation to the Executive Leadership in attendance aimed at reinstating the prior "Associate" level of membership.
Elaine Liz-Ramirez, MAI, CCIM, from Orlando, created groups tasked with discussing existing regulations, progressive post-designation education offerings, exploring regulations which preclude appraisers from certain revenue streams, and branding efforts to expand knowledge of the Appraisal Institute into other related organizations.
Rodman Schley, MAI, from Denver, focused on ways to make our "initials" matter, ways to inspire more members to participate, ways to diversify the profession, and ways to bring new and existing members up to the highest level of skill and professionalism. Peer review was a major topic of debate, with proponents and opponents agreeing that a system for providing constructive criticism is necessary.
LDAC participants were also given the opportunity to meet with their Senators and Representatives to discuss modernization of appraisal regulations and systems, including a potential increase to the de-minimis level from $250,000 to $500,000 which could suppress the need for appraisals on the majority of homes in the United States, establishing a portal allowing appraisers to be licensed in multiple states without completing and maintaining the paperwork imposed by the current system, and efforts that would allow appraisers to operate in the reported $800,000,000 "evaluation" and "BPO" markets currently being performed by persons not bound by USPAP regulations and without appraiser licenses.
The Atlanta Area Chapter participants maximized their time and planned five meetings with Senator David Perdue, Senator Johnny Isakson, Representatives Hines, Scott and Westmoreland. Unfortunately, with the Memorial Day weekend, most politicians, and even some staffers, were on vacation; however, we were able to meet with three staffers and Senator Isakson. All of the Congressmen/staffers stated they would advocate for changes that would help, rather than further restrict, the appraisal community, with the caveat that the forthcoming presidential election will dictate the volume and direction of regulations going forward. One of the more interesting things was being led by Isakson's staffer throughout various buildings and a ride on the restricted, albeit only 3,100 linear feet in distance, "Capitol Subway System" (aka "the shortest and most exclusive railway in the world.").
The Ted Anglyn Award went to San Antonian Brett Weatherbie, MAI. A run-off vote was used to determine the winner of 2017 Vice Chairperson and 2018 Chairperson, between Chris Ponsar and Rodman Schley; ultimately, Mr. Schley was elected to the position.
There was an all-time high of 22 participants vying for four Discussion Leader positions for next year's event, including Andy Sheppard, MAI (2nd Year) and Sherry Watkins, MAI, FRICS, ASA (3rd Year) from the Atlanta Area Chapter. Given the field of highly qualified candidates, most consideration was reportedly given to third-year participants. Shortly after the event, it was announced that the 2017 LDAC Discussion Leaders proposed for Board approval were Julie Battaglia, MAI (3rd Year), AI-GRS; Melissa Downing, MAI (3rd Year); Steve Henry, MAI (3rd Year); and, Travis Taylor, MAI (3rd Year). Alternates were Benjamin Sellers, MAI (3rd Year) and Chris Johnson, MAI, SRA (3rd Year).
|
|
Adjustments
By D. Scott Murphy, SRA
It is time to reveal the big mystery of appraising - "where do we get those adjustments". Many people have asked where they can go to get a list of the adjustments. If you follow this link you will find a list of the adjustments appraisers use www.ThereIsNoListOfAdjustments.com
Sorry but there is no list of adjustments. There is no magical website to go to and no secret red book of adjustments is given out when one becomes an appraiser. If it were only that easy! If there were specified lists of adjustments we would not need appraisers. This is one of the reasons the online websites like Zillow are not very accurate. They can crunch enormous amounts of data, run regression analyses but many of the most important adjustments must be extracted from each and every market. It is also important to realize that adjustments change over time. This is due not only to the increased value of most items but changes in supply and demand. All adjustments are based on what a typical buyer would pay for that item or more of that item (ie: square footage, bedrooms). Also remember, appraising is not like going to the grocery store and adding up all the items in your cart.
There are significant differences in incremental change. For instance, in most suburban markets there is a much larger difference in value when going from a three-bedroom home to a four-bedroom home than would be from a four-bedroom home to a five-bedroom home. You have to ask yourself "how much would a typical buyer pay for that additional item?" Sometimes the answer is nothing. That is why sometimes you see no adjustment for relatively small differences in square footage and lot size. Would a buyer really pay any more for that seventh bedroom?
There are three important factors to consider when trying to determine the adjustment for a particular item. The first is the location of the property. The adjustment for a given item will vary by location. This is based on differences in supply and demand and local likes and dislikes. In ground pools are always contentious items when we talk about adjustments. Let me ask you this, in general, is a pool more valuable in Florida or New York? I would say Florida, there is more demand in Florida and the pool season is significantly longer in Florida. So a set list of adjustments does not work in this case due to location.
The second factor is price range. Would the buyer of a $1 million property pay more to have a pool than the buyer of a $200,000 home? Could you think of a situation where the typical buyer may not pay any extra for a pool or even consider it a negative? This might be the case in the lower price ranges particularly in a neighborhood with a swim and tennis club. So a set list of adjustments does not even work in a given sub-market.
The third factor is cost. I specifically listed this one last because cost does not equal value so it is not the primary factor in determining the adjustment. However, it establishes a basis for the value of the improvement. All adjustments are based on what a typical buyer would pay for that item and a buyer is natural going to think what it would cost to add that item. The key word is typical. Not all buyers would value the item the same. We must determine what would the typical buyer pay for that item. So basing adjustments off of the cost does not work either.
The only way to truly determine the adjustment is to extract if from the market. The best method for that is the Paired Sales Analysis. This method looks at two homes, which are virtually identical except for one item - for instance baths. One has three baths the other has four baths. By taking the difference in the two sales prices you can determine the value of a bathroom. You can imagine what a long and arduous process this would be to determine the adjustment for each item on each and every appraisal. Not to mention that it is not that simple. We do not have dozens of nearly identical comparables sales hanging around. This is why experience and geographical competency is so important in the appraisal field. On one appraisal I may have great sales that give me a very clear idea what a pool is worth. On the next I may have a number of sales that allow me to determine the value buyers are paying in that market for a bedroom. We accumulate this knowledge and apply it to future appraisal reports.
Let's consider an outdoor stone patio, stone fireplace and kitchen area. These "outdoor living spaces" have gained popularity in Georgia over the past 10 years or so. Therefore the desirability or demand for the outdoor living spaces goes up and the more buyers the feature that will attract. This results in a higher return on the investment and higher sales price. We first have to consider the location of the home. How common are outdoor living spaces in the subject location? This can be determined by reviewing all listings in the subject's immediate area. Your search must be for "comparable" properties, which would be similar in age, size, and lot size. Then consider how the demand changes between different price tiers. The last factor to consider is the cost of the outdoor living space. In general, most buyers will not pay more than the cost to complete the item. Use the cost as a benchmark and reduce the adjustment until you find a balance between comps with and without the feature. Other questions to ask yourself include: Is the outdoor living space of proper magnitude? Is it too big or too small for the subject property? Was it professionally installed and what is the overall quality? Does it function properly - in other words was it built in a way that is flows properly and was well thought out? All of these questions must be answered through the eyes of a typical buyer of the subject property.
After considering all these factors we can estimate an adjustment. Generally the limits of the adjustment are from zero to the cost of the item. It is critical to find other comparables, which have similar improvements. If all your comparables have a similar outdoor living space to the subject then your job is easy - there is no adjustment. Some may have a superior outdoor living space, in which case you would make a negative adjustment (CBS - comp better subtract). If the comparable's improvements are inferior you would make a positive adjustment (CIA - comp inferior add). Ideally we look for some superior and some inferior comparables. This creates positive and negative adjustments. This practice is called bracketing and allows you to "prove" your adjustment.
With practice you can eventually gain confidence and accuracy in making proper adjustments. Remember, appraising is both an art and a science. Continually ask yourself if the adjustments you arrive at make sense. I welcome your comments and feedback. Please send me ideas for future articles. dsmurphy@dsmurphy.com (678) 636-4813.
|
Joint Region Committee Meeting, July 24, 2016
Sheraton Charlotte Hotel
555 South McDowell Street, South Tower, Charlotte, NC 28204
7:00 a.m. - 8:00 a.m., Continental Breakfast
8:00 a.m. - 12:00 p.m., Joint Region Meeting (all ten Regions will be attending)
12:00 p.m. - 1:00 p.m., Lunch
1:00 p.m. - 5:00 p.m., Region IX Breakout Meeting
6:00 p.m. - 7:30 p.m., Region Reception
Attendees are Region Committee Members = Region Directors, Immediate Past Region Chair, Region Finance Officer, Region Education Liaison, Chapter Presidents, Regional Representatives and the Region Member on the National Government Relations Committee.
There is no fee for
Region Committee Members to attend the Region meeting functions listed above. Continental breakfast, morning and afternoon coffee breaks, lunch and the Region Reception will be provided to Region Committee members.
Region Meeting Registration
ALL REGION MEETING ATTENDEES MUST BE REGISTERED IN ORDER TO ATTEND THE MEETING OR ANY MEAL FUNCTIONS.
The registration deadline is Wednesday, July 6 at 11:59pm CST.
Register for the Region meetings online at this link: Region Meeting Registration
Region Meeting Registration
AI Annual Conference, July 25-27, 2016
Sheraton Charlotte Hotel,
555 South McDowell Street, South Tower, Charlotte, NC 28204
The location this year is Charlotte, North Carolina, which is driving distance for most Chapter AI Professionals. The AI Annual Conference may never be located so close again; so, this is an excellent opportunity for you to attend without significant travel expenses. If you have never attended the National Conference, this is the time to try it out. Included in your registration fee is:
- Up to 16 hours (77 AI Points) of Appraisal Institute CE (General and Breakout sessions with CE are offered in 2 hours bites starting Monday after the opening session)
- 45 Conference Exhibitors
- Opening Session on Monday Afternoon with keynote speaker Jack Uldrich, Futurist, Author
- Welcome reception on Monday evening
- Continental Breakfast on Tuesday and Wednesday mornings
- Buffet lunch and a reception on Tuesday
- Closing Awards Luncheon on Wednesday
- Presidents "Gala" Dinner On Wednesday
Best of all, this is an opportunity to network with fellow Appraisal Institute Professionals from various locations across the United States as well as abroad. Charlotte is a great City and the event location is downtown where there are numerous shops and restaurants to explore.
We hope that the Atlanta Area Chapter is well represented at the National Conference so please consider participating and representing your Chapter.
|
Chapter Election Report
On April 15, 2016,
the Atlanta Area Chapter held the second quarter Chapter Meeting at the
Mountain Creek Conference Center at Callaway Gardens,
in Pine Mountain, GA. During this meeting, the following AI Professionals were elected to 2017 Atlanta Area Chapter AI positions.
Officers
President - Andy Sheppard, MAI (2017)
Vice President - Marlon Day, MAI, SRA (2017)
Secretary - Sherry Watkins, MAI (2017)
Treasurer - Dori Bower, MAI (2017)
Directors
William E. "Gene" Carden, Jr., SRA, AI-RRS (2017-2019)
Brad Carter, MAI (2017-2019)
George Petkovich, MAI (2017-2018)
Philip Thomas, MAI (2017-2019)
Regional Representatives
Marlon Day, MAI, SRA (2017)
Hugh "Bo" Bass, Jr., MAI (2017-2018)
Jeff O'Dell, MAI (2017-2018)
Syrah Paul, MAI, SRA (2017-2018)
Alternate Regional Representatives
Rick Kenny, MAI, SRA
Lauren Berkemeyer (Practicing Affiliate)
Matt Jackson, MAI
Lisa Jenkins Wells (General Candidate)
Bennett Sands, MAI
Elizabeth Riley Hall, MAI
Shelita Compton, MAI
Tammy Bledsoe, MAI
Eric Durden, MAI
Jay Hembree, MAI
|
Welcome & Congratulations New AI Professionals!
Designated Members
|
Matthew V. Albigese, MAI
|
|
Donna B. Bordelon, MAI
|
|
Sherry E. Buchanan, MAI
|
|
Stephen Cheng, MAI
|
|
Joseph Conlon, MAI
|
|
Garrett William Gerstung, MAI
|
|
Stephen T. Homans, MAI
|
|
Doug Kenny, MAI
|
|
Paul A. Laneback, Sr. MAI, AI-GRS
|
|
James H. Lee, PhD, MAI, AI-GRS
|
|
Brian P. McCarthy, MAI
|
|
Phillip E. McGinnis, MAI
|
|
Jeff Miller, MAI, AI-GRS
|
|
Edward Rogers Mitchell, MAI
|
|
Matthew H. Moorefield, MAI, SRA
|
|
Michael Rex Nelms, MAI
|
|
James M. O'Neil, MAI
|
|
Kyle A. Pope, MAI
|
|
David C. Randall, MAI
|
|
Alex Rubin, MAI, AI-GRS
|
|
David W. Thibodeau, MAI
|
|
Matthew Gregory Tincknell, MAI
|
|
Tamika L. Whitted, SRA
|
|
Clarence E. Williams, MAI
|
|
Travis B. Wilson, MAI
|
|
Kevin L. Witcher, MAI
|
General Candidates for Designation
|
James H. Groover
|
|
Justin M. Poisson
|
|
Matthew Bryan Pridgen
|
|
John Andrew Ritger
|
|
J. Carl Talbott, III
|
Practicing Affiliates
|
Ronald B. Byrnes, Jr.
|
|
Stacie A. Hardesty
|
|
James Richard Hyde, Jr
|
|
Paxton A. Poppell
|
|
Kathy Smith
|
|
Matthew Staebell
|
Affiliates
|
Linda McArdle
|
|
Grant Murphy
|
|
|
Meet Our New Designated Members
Stephen Cheng, MAI
NPV Advisors, Atlanta, GA
Stephen Cheng, MAI,
Director, has been active as a real estate consultant and valuation professional since 2009. Mr. Cheng has expertise in the valuation and analysis of various types of commercial real estate, including land, industrial, multifamily, office, retail, and mixed-use properties. Prior to becoming a Director at NPV Advisors, Mr. Cheng was a Valuation Specialist at Colliers International where he provided valuation services on many property types, specializing in large scale retail projects.
Jay T. Hembree, MAI
Integra Realty Resources - Atlanta
Jay T. Hembree, MAI is an alternate of the AI Atlanta Area Chapter's Government Relations Committee, and Senior Analyst with Integra Realty Resources, Atlanta-Savannah. Jay has been engaged exclusively in the commercial real estate appraisal industry since 2001. Jay received his BS in Political Science in 1993 from Kennesaw State University.
 Jeff Miller, MAI, AI-GRS
Valbridge Valuation Services, Atlanta, GA
Jeff Miller, MAI, AI-GRS, graduated from the University of Alabama in 1991 (Roll Tide!) with a major in Real Estate. After graduating, Jeff soon started working as a waiter at O'Charley's. After several months of making many customers angry, frustrated and dismayed with the service at O'Charley's, he received a phone call to interview as a real estate appraiser in Auburn, AL. Jeff knew his future at O'Charley's was precarious at best, and so he agreed to interview for the real estate appraiser position. While feeling conflicted over the decision, Jeff felt it was his duty to share some of the knowledge acquired at the University of Alabama with those in need in Auburn.
Jeff worked with Howard Porter, MAI and Michael Green, MAI in his first four years of appraising. In November 1995 Jeff moved to Atlanta and began working with Gary Bernes, MAI. Gary Bernes was president of the Atlanta Area Chapter at the time and had recently hired a brilliant young lady named Suzanne to work for the Atlanta Area Chapter. At the time, Jeff had no idea he would be answering to Suzanne for the next 20 years.
In 1999, Jeff earned his MAI, and began using his real estate skills at GE Capital for five years, and then as the regional appraiser for New York Life Investment Management, and then at Dexia Real Estate Capital. In November 2009 he started Miller Real Estate Advisors. In February 2013, he merged his company with Ken Cantrell, MAI to create the Atlanta office of Valbridge Property Advisors, which has 10 full-time commercial appraisers. Jeff has four children from ages 16 to 21, a beautiful wife of 22 years, two dogs, and a chinchilla.
Matt Moorefield, MAI, SRA
Richard Moorefield, Inc.,
Columbus, GA
Matt graduated from Andrew College in 2003 Magna Cum Laude with an Associate's Degree where he played baseball and was the President of the Student Government Association. He later transferred to Berry College by continuing baseball where he graduated in 2005 with a Bachelor's Degree in Sociology. After graduation, he decided to join his father's real estate appraisal company, Richard Moorefield, Inc. Together, they have appraised a variety of residential & commercial properties in Georgia and Alabama. More recently, Matt's brother, Lee Moorefield, has joined the firm and now the company is truly a "Family Business." Matt enjoys bringing his four-legged friend, Oscar, to work daily. In his free time, Matt likes playing recreational baseball, traveling, and spending time with his girlfriend and their kettle corn company, Kettle Me Krazy -"It's About Poppin' Time!"
Rex Nelms, MAI
Rex Nelms and Associates, Inc., McDonough, GA
I grew up in the south Atlanta area and, I am a graduate of the Georgia Institute of Technology with a Bachelor of Science in Management. After several years in the corporate world I changed my career path to real estate and became an agent and an appraiser.
I established my own appraisal business in 1992. We offer commercial and residential appraisals and most of our work is concentrated in the South Metro Atlanta area.
I enjoy Georgia Tech Football, motorsports, and encouraging our grandchildren's interest in sports and music. My wife and I also enjoy serving in our church.
David Randall, MAI
Wells Fargo Bank, Atlanta, GA
David Randall
, MAI, serves as a collateral review appraiser for Wells Fargo Bank in Atlanta. Prior to joining Wells Fargo, David worked at Buckhead Advisory Group as an appraiser for about eight years. David currently handles properties located within Georgia, Florida, Alabama and Mississippi and is certified in each of these states.
Prior to going into the appraisal field, David held several sales and operations positions with various financial institutions in Memphis, Dallas and outside of Raleigh, NC.
A native of Memphis, Tennessee, David graduated from the University of Mississippi. When not chasing after his two children, Avery (4) and Brock (17 months), David and his wife, Kelly, enjoy camping and watching SEC football. David would like to thank his candidate advisor and close friend, Casey Lyon, MAI, of Crossroads Appraisal Group, for his support and guidance throughout the process.
Tamika Lovett Whitted, SRA
My name is Tamika Lovett Whitted, SRA, and I have been in the real estate industry for 19 years. I started as a Real Estate appraiser in Cleveland, Ohio 15 years ago, and moved to Atlanta, GA in 2006. I currently work with The Department of Housing and Urban Development. I live in Alpharetta, GA with my husband of 8 years and 2 children.
|
|
CHICAGO (May 20, 2016) - The nation's largest professional association of real estate appraisers today announced a three-year strategic plan to address challenges and opportunities facing the organization and the real estate valuation profession.
The Appraisal Institute's strategic plan outlines the organization's core values, objectives and strategies from July 2016 through June 2019. The Appraisal Institute Board of Directors approved the plan during its May 5-6 meeting in Chicago.
"Implementing this strategic plan will help the Appraisal Institute to maintain its leadership role in the real estate valuation profession," said Appraisal Institute President Scott Robinson, MAI, SRA, AI-GRS. "The plan provides a path to continued success for the Appraisal Institute and its professionals."
The strategic plan includes five core values governing the Appraisal Institute's continued growth and development:
- Distinctiveness: Elevate the Appraisal Institute and its members within the valuation profession by virtue of designations, education and body of knowledge.
- Innovation: Continue to be thought leaders by promoting innovation and addressing current developments within the valuation profession via education, information resources, benefits and setting standards for the profession.
- Professional Responsibility: Encourage and support the highest level of ethical and professional behavior of all Appraisal Institute professionals.
- Advocacy: Represent the interest of the appraisal industry and work toward advancement of Appraisal Institute professionals within it.
- Leadership: Advance the interest of AI professionals, the real estate valuation profession and the public with integrity and excellence.
The strategic plan also includes four objectives, each with its own strategies:
1. Operate in ways that valuation professionals recognize as important and that encourage their ongoing affiliation with the Appraisal Institute.
- Structure Appraisal Institute governance to enhance responsiveness to market and members' needs, and to operate in an efficient, effective and fiscally-responsible manner.
- Minimize attrition among current (U.S.) Appraisal Institute professionals.
- Enhance the value of membership, candidacy and affiliation; by doing so, instill greater loyalty to and a stronger bond with the Appraisal Institute.
- Promote public policies that reduce regulatory burdens, protect the public, improve client interactions and foster a vibrant business climate for valuation professionals.
2.
Continue as the recognized leader of the real property valuation profession, including credentialing, ethics and standards, advocacy, the development and delivery of education, and the timely creation of quality programs and publications.
- Advance awareness and relevance of the Appraisal Institute, its designations and its professional members.
- Expand Appraisal Institute education and publication delivery.
- Investigate and develop new business models that are consistent with organizational goals.
- Enhance thought leadership programs that promote innovation and address technology developments in valuation.
3. Operate efficiently to ensure Appraisal Institute's financial stability.
- Identify and implement technologies that streamline and enhance services to Appraisal Institute professionals.
- Develop and market products and services that expand Appraisal Institute revenue opportunities.
4. Advance the Appraisal Institute as the leading international source of real property valuation knowledge.
- Prioritize Appraisal Institute international activities that make the most efficient use of resources.
- Grow Appraisal Institute brand to reinforce the Appraisal Institute as the globally-recognized holder of the real property body of knowledge.
- Expand delivery of Appraisal Institute's education and publications.
- Maintain and, to the extent possible, grow Appraisal Institute Designated Members, Candidates and Affiliates in international locations.
The Appraisal Institute's Strategic Planning Committee developed the plan for the AI Board of Directors' review and eventual approval.
|
Volunteer!
The Atlanta Area Chapter leadership is seeking volunteers to fill 2017 committee positions.
Participation from our designated members, candidates, and practicing affiliates is vital to the Atlanta Area Chapter of the Appraisal Institute and plays a critical role in the advancement of our organization and the profession. We need to know more about your particular areas of interest, knowledge, and experience.
If you are interested in volunteering for the Atlanta Area Chapter, please follow the below link and complete the online leadership resource registry
by October 1, 2016.
The information you provide on the registry will help us when we seek feedback on particular issues and especially when selecting designated members, candidates, and practicing affiliates to serve on future committees, project teams, panels, and in other leadership positions.
We have opportunities in the following Chapter committees:
- Candidate Guidance Committee
- Education Committee
- Government Relations Committee
- Public Relations Committee
Committee descriptions, qualifications, and responsibilities are found on the AI Leadership Resource Registry website provided above.
Feel free to contact Andy Sheppard, MAI, 2016, Chapter President, at 404-874-4499, andy@pbwatlanta.com or Suzanne Brockway at (770) 803- 0024
sbrockway@aiatlanta.org
with questions.
|
2016 Chapter Leadership
OFFICERS
President -
Joe Anderson, MAI
Vice President -
Andy Sheppard, MAI
Secretary -
Marlon Day, MAI, SRA
Treasurer -
Sherry Watkins, MAI
DIRECTORS
Jeff Bowling, MAI, SRA, Immediate Past President
Dan Fries, SRA, (Ex Officio)
Craig Benton, MAI, AI-GRS (Ex Officio)
Patrick Adamson, MAI, SRA
Dori Bower, MAI
Lamar Ellis, MAI, SRA
Mike Hunter, MAI
George Petkovich, MAI
REGIONAL REPRESENTATIVES
Andy Sheppard, MAI;
Peter Lamas, MAI;
Syrah Paul, MAI, SRA;
George Petkovich, MAI;
Rudy Quillian, MAI; and
Philip Thomas, MAI
ALTERNATE REGIONAL REPRESENTATIVES
Hugh "Bo" Bass, Jr., MAI; R
ick Kenny, MAI, SRA;
Patrick Adamson, MAI, SRA;
Tammy Bledsoe, MAI;
Eric Durden, MAI;
Jay Hembree, MAI;
Greg Adams, MAI;
Elizabeth Hall, MAI; and
Brock Wilson, MAI
COMMITTEES
Candidate Guidance
Hugh "Bo" Bass, Jr., MAI, Chair;
Gene Carden, SRA, AI-RRS; and
Elizabeth Hall, MAI
Education
George Petkovich, MAI, Chair;
Brad Carter, MAI;
Shelita Compton, MAI; and
Jim Vernor, PhD, MAI, Education Provost
Finance
Sherry Watkins, MAI;
Andy Sheppard, MAI;
Lee Folsom; and
Philip Thomas, MAI
Government Relations
Lisa Jenkins Wells, Chair;
Mike Hunter, MAI, Vice Chair;
Jay Hembree, MAI; and
Donna Bordelon, MAI
Public Relations
Bennett Sands, MAI, Chair;
Joe Rexroat, MAI; and
Lauren Berkemeyer
PANELS
Education Scholarship
Lisa Jenkins Wells, Chair;
Michael Barrow, MAI;
John Cherry, MAI;
Randy Haumesser, MAI;
David Outland; and
Norbert Schulz, SRA
Long Range Strategic Planning
Jean Moss, MAI, Chair and
Dori Bower, MAI, Vice Chair
Newsletter
Carolyn Sawyer, MAI, Chair
PROJECT TEAM
State of Atlanta Conference
Jeff Bowling, MAI, SRA, Chair;
Joe Conlon, MAI;
Lisa Jenkins Wells; and
Sandra McAlister Winter, MAI, AI-GRS
Stay Connected to the Atlanta Area Chapter AI
|
|
|
The articles in this newsletter represent the authors' opinions and do not represent the opinions of the Atlanta Area Chapter Appraisal Institute.
|
|
|
Online Education:
Learn at your own pace anytime, anywhere. Top-notch Appraisal Institute courses and seminars come straight to your desktop with online education! Learn from any computer anywhere, whenever you have time. It's easy, convenient and a great way to get the education you want.
Check out the current course listing now!
|
|
|
|
|
