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South Carolina Chapter Appraisal Institute
Fall 2016 Newsletter
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President's Message 
Marshall Vann, MAI, SRA
SC Chapter President
Another football season is here and I am looking forward to those cool crisp fall evenings. Hopefully your shops are busy. It seems just a short time ago that I was working with Suzanne trying to figure out a schedule for our fall joint meeting in Savannah last year. Another year has come and gone and we are headed to Fripp to bring Allen McCravy, MAI, in as our new up and coming 2017 President.
Unfortunately Kit McIntyre, MAI, has resigned from her elected 2016 Vice President and 2017 President elect position. Robin Griffin, SRA, AI-RRS, has also resigned from her elected 2016-2018 Director position. Both of these resignations are unfortunate and our Chapter will miss their leadership skills and their time devoted to our Chapter's growth. Kit's decision was certainly a difficult one for her to make but one that she felt necessary at this time. I respect her decision and certainly hope that she will be able to get back to a leadership position at a later date. Kit and Robin thank you for your service and for your help to me over the last two years. We will all miss Kit and Robin and would hope to see them at our quarterly meetings.
On September 7, 2016, we called a special meeting to discuss the Officer and Director positions that were recently vacated. On September12, 2016, the SCCAI Nominating Committee proposed 2nd Vice President Allen McCravy, MAI, to be the 2016 Vice President and 2017 President of our Chapter. I look forward to working with Allen next year in my new role as immediate past president. Past president Joe Woods, SRA, was proposed to fill our 2016-2018 Director vacancy. Our Chapter will benefit from Joe's past Chapter leadership and we look forward to having him back in a leadership role.
This year has been great and I have enjoyed working with the Board members, committee chairs, committee members, and directors. I have enjoyed meeting and conversing with the new SCCAI Members who have completed the requirements to become designated. At every meeting I have had the privilege of presenting designation certificates to new members.
Since our last meeting
Ken Lavertu, Jr. was awarded his SRA designation while Robert McGahey, III from Mt. Pleasant received his MAI designation from the Appraisal Institute. Congratulations to both of you. This makes 7 new designated members for 2016.
For a football team, the key to long term success is recruitment. Much like a football team recruitment is necessary for our Chapter to have long term success. This year we are pleased to have new SRA Candidates, new Review Designation Candidates, new Practicing Affiliates, and transferees from other Chapters. I look forward to meeting more new members, candidates, and affiliates next year. Despite all the news we hear about declining membership, the SCCAI is working to keep our Chapter strong and active.
New members mean new leadership and leadership starts with LDAC. Leadership Development and Advisory Council is the first step toward getting involved with Chapter Leadership and government relations on a local and national level. Please fill out our Leadership Resource Registry form and let us know where your interests lie. This is the best way to let your Board of Directors know that you want to get involved and make a difference in our Chapter.
Many thanks to Jody Bishop, MAI, SRA, for his efforts and success in keeping our Chapter visible at the National level. Immediate Past President Karl Finkelstein, MAI, and Jake Knight, MAI, continue to support our position in the ongoing AMC Legislation battle. Jody Odom, MAI, AI-GRS, was chosen by Region IX to serve on their Nominating Committee and Ralph Griffin, MAI, AI-GRS, was the r
ecipient of the Lifetime Achievement Award during the Appraisal Institute Annual Conference in Charlotte. Suzanne Brockway is doing a great job as our Executive Director. She is up to date with National policies and procedures and she continues to do an amazing job organizing our quarterly meetings and keeping everything in place throughout the year. I simply could not have done it without Suzanne. Her service to our Chapter is greatly appreciated.
Serving as President for the SCCAI last year was an experience that I will not forget. It has been an honor to represent the SCCAI Chapter in that capacity. I have met so many interesting people on a local and national level that I never would have otherwise. The meetings, the conference calls, the discussions with Board members, and the decisions that have to be made have been taxing at times. Now that my year as President is ending I reflect on all of it to conclude that there are some awesome participants in our Chapter that give so much of their time and talent for the good of the Chapter. As members of this Chapter the past and current leaders are to be commended for their efforts. We have an awesome leadership chain following me and I assure you the entire Board of Directors will work to grow the membership with good qualified professionals to make this Chapter the best.
Lastly I cannot help but to continue to emphasize how much we want your participation at our quarterly meetings and educational offerings. It is so important for the members to get involved and network with each other in person. Personal interaction with each other is what makes our Chapter grow and continue to be successful and financially sound.
This year our fall meeting will be at Fripp Island and this time of year at the beach is great. Jim Amorin, MAI, SRA, AI-GRS, of Austin, Texas, is the 2016 National AI president-elect and 2017 president. Jim will be the master of ceremonies to bring Allen McCravy, MAI, in as our 2017 President. I would encourage participation from not only individual members but from the entire family for this fun filled weekend. I hope to see you there. As Immediate Past President I look forward to working with Allen, the current Board Members, and our newest board member Eric Goodwin, MAI.
The mission of the Appraisal Institute is
to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide.
Let's keep this in mind as we work together to advance and improve the appraisal practice!
All the Best,
Marshall Vann, MAI, SRA
Upcoming Events & Education
- Fall Chapter Meeting, Fripp Island Resort - 10/14/16
- Forest Valuation for Non-Foresters, Part II - 10/14/16
- Winter Chapter Meeting, Columbia, SC - 1/19/17
- Hot Topics & Myths in Appraiser Liability - 1/20/17
- Spotlight on USPAP Seminars (Updated) - 1/20/17
- Spring Chapter Meeting, Columbia, SC - 4/20/17
- Education (7 hours), Columbia, SC - 4/21/17
- Summer Chapter Meeting, Pine Island Club - 7/20/17
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South Carolina Chapter Fall Meeting
Friday, October 14, 2016
Location:
Fripp Island Resort, 298 Tarpon Blvd., Fripp Island, SC
Schedule
October 14, 2016
11:00 a.m. - 12:30 p.m. - Chapter Board of Officers and Directors Meeting
1:00 p.m. - 5:00 p.m. - Forest Valuation for Non-Foresters, Part II
5:00 p.m. - 5:45 p.m. - Chapter Business Meeting
6:00 p.m. - 9:00 p.m. - Reception & Installation of 2017 Officers & Directors
October 15, 2016
Chili & Low Country Boil Social
Hosted by Allen McCravy, MAI, 2016 Chapter Vice President
Afternoon/Evening Time: TBA
Continuing Education
The Appraisal Institute and the South Carolina Real Estate Appraisers Board have approved 4 hours of continuing education credit for the "
Forest Valuation for Non-Foresters, Part II
"
seminar. 100% attendance of classroom time is required to receive credit.
About the Seminar
The purpose of this seminar is to enable the appraiser who has no forestry background to be able to comply with the Competency Rule of USPAP. The information contained in this seminar should help the appraiser to understand the issues he/she will be exposed to when valuing forestland. It will also allow the appraiser to converse intelligently with a forester in case the project requires the assistance of a professional with forestry expertise.
A breif overview on important concepts from part 1 will include additional material covering new forestry terms important to forest valuation work, the importance of the forest management plan, and how the three approaches to value can be used appropriately in forestland valuation. We will also employ two case studies to demonstrate the techniques involved in appraising a foresterd property with a HBU of timber production and a forested property with a HBU of residential development
Instructor / Developer
Morgan Mellette, MAI, ACF, Mellette Forestry Group, LLC, Gainesville, GA
South Carolina Chapter Winter Meeting
Hot Topics & Myths in Appraiser Liability
Thursday, January 19, 2017 - SAVE THE DATE
Location
Inn at USC Wyndham Garden, 1619 Pendleton St., Columbia, SC
Preliminary Schedule
1:30 p.m. - 5:30 p.m. - Hot Topics & Myths in Appraiser Liability
Instructor: Peter Christensen, General Counsel, LIA Administrators & Insurance Services
5:30 p.m. - 6:00 p.m. - Chapter Business Meeting
6:00 p.m. - 7:30 p.m. - Reception
Continuing Education
We will apply for 4 hours of continuing education credit with the Appraisal Institute and the South Carolina Real Estate Appraisers Board.
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Appraisal Institute Honors
M. Ralph Griffin, Jr., MAI, AI-GRS
Lifetime Achievement Award
M. Ralph Griffin, Jr., MAI, AI-GRS, of Spartanburg, SC, was named a recipient of the Lifetime Achievement Award during the Appraisal Institute Annual Conference in Charlotte, NC.
"Ralph Griffin has contributed to the valuation profession for many years, spending considerable time and effort guiding candidates pursuing Appraisal Institute designations," said Appraisal Institute President Scott Robinson, MAI, SRA, AI-GRS.
The Lifetime Achievement Award is presented to an Appraisal Institute individual who demonstrates high ethical standards; has volunteered several years of service and has contributed to the Appraisal Institute on the international, national, region and/or chapter level; has served his or her community; and has contributed to the appraisal profession for at least 20 years.
Griffin has served the Appraisal Institute as a chapter officer, a regional director, and a national director. He is a previous chair of the Strategic Planning Committee. He served on AI's national Board of Directors from 2001-12, and also has served on the Member Benefits Panel. He has been a course developer and instructor for the organization, and has mentored countless candidates over the past several decades. He was recognized in 2013 as an Appraisal Institute Volunteer of Distinction.
Griffin is a local Realtor and property developer in Spartanburg. He is president of Marion R. Griffin Company, Inc. in Spartanburg.
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Meet Our New Designated Member
Catherine G. Merrifield, MAI
Sage Valuation in Washington, DC
M
s. Merrifield is a Certified General Appraiser with Sage Valuation, Inc.in Piedmont, SC. She began working with Sage in June 2009. She previously worked in commercial real estate development at Twin Rivers Capital in Charleston, SC. She has also worked as an appraiser with the Quentin Ball Company in Louisiana and New Market Real Estate Group in Washington, DC. Valuation assignments completed have included hospitality, land, churches, residential subdivisions, multifamily, retail, office, and special use properties. Cathy received her Master of Real Estate Development (M.R.E.D.) from Clemson University and has a Bachelor of Arts in Psychology from Harvard University. She is from Greenville, SC, and lives with her husband, Matt, in Aiken, SC.
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September 30, 2016
Dear Appraisal Institute Colleague:
Your association is in the midst of a busy few months, with AI's other elected officers and I traveling throughout the country and around the world to enhance relationships, make new connections and help expand AI's national and international opportunities.
AI Seeks Proposals for 2017 International Conference Educational Sessions
The Appraisal Institute is seeking proposals by October 28 for presentations for the joint AI-Appraisal Institute of Canada 2017 International Valuation Conference, June 8-11, in Ottawa, Ontario, Canada.
Participants of the 2016 Annual Conference identified high interest in the following topics:
- New Technology and Resources
- Expert Testimony
- Appraisal Review Trends for Appraisers & Lenders
- Green Buildings
- Market Analysis
- Review Expectations & Regulatory Impact
- International Valuation
- Property Rights
Learn more about
submitting a presentation.
AI Participates in Key Industry Events
In keeping with the Appraisal Institute's commitment to convey its thought leadership to real estate professionals and others, I was joined by President-Elect Jim Amorin, MAI, SRA, AI-GRS, and Chief Executive Officer Fred Grubbe, MBA, CAE, at the National Association of Romanian Valuers (known as ANEVAR) Valuation Conference, September 9, in Bucharest, Romania. I presented on AVMs, BPOs and appraisals, while Jim addressed use of engagement agreements. Additionally, Vice President Jim Murrett, MAI, SRA, and Fred and I represented AI at the biennial 28th Pan Pacific Congress, September 26-29, in Kyoto, Japan, where I addressed the role of U.S. appraisers in the global financial market.
Immediate Past President Lance Coyle, MAI, SRA, attended the Five Star Conference's National Appraisal Congress session, September 12, in Dallas. Lance also represented AI at the Baltic Valuation Conference, September 22-24, in Gdansk, Poland, where he addressed market value and highest and best use.
AI also exhibited at the Appraisal Summit and Expo, September 12-14, in Las Vegas.
September "Volunteer of Distinction" Honoree Named
The Appraisal Institute honored Eric C. Schneider, MAI, of Region VII (San Diego Chapter) for his AI service as a "
Volunteer of Distinction" for September.
Appraisal Institute Designated Members, Candidates for Designation, Practicing Affiliates and Affiliates may nominate other AI professionals by submitting the nomination form to their chapter's executive director or president. Each region's honorees then are chosen monthly by their regional executive director, in conjunction with the region's chair and vice chair. Check out the nomination form and additional information about the
"Volunteer of Distinction" program.
Other News Around AI
And here's some additional important news from the Appraisal Institute:
- The list of presentations from the Appraisal Institute 2016 Annual Conference are now available.
- The Appraisal Institute recently received an Award of Distinction in the annual Videographer Awards for AI's video, "Valuing Stigmatized Properties." The Videographer Awards are administered and judged by the Association of Marketing and Communication Professionals. Watch the video.
- If you haven't already done so, I encourage you to check out the latest quarterly editions of Valuation magazine and The Appraisal Journal, which contain timely and informative articles about relevant topics.
- The Appraisal Institute posted a new video this month featuring James Henderson, SRA; Karl Finkelstein, MAI and Randy Scheidt, MAI, SRPA, SRA, discussing the value of receiving an Appraisal Institute designation. AI also posted a video describing how it brings together the pieces for business success.
- The Appraisal Institute continues to grow its social media presence. Be sure to follow AI on Facebook, Twitter, LinkedIn, YouTube and the Appraisal Institute blog, Opinions of Value.
I hope everyone has a successful month.
Sincerely,
Scott Robinson, MAI, SRA, AI-GRS
President
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Nominating Committee Report
(Originally Distributed on 9/15/16)
The South Carolina Chapter Nominating Committee met by conference call on September 12, 2016, at 10:00 a.m. The following committee members were present: Karl Finkelstein, MAI, Chair; Chris Donato, MAI; Richard Odom, Jr., MAI, SRA, AI-GRS; and LeGette Parker, MAI.
The committee has nominated the following individuals for these recently vacated Chapter positions:
Officers
2016 Vice President - Allen McCravy, MAI
2017 President - Allen D. McCravy, MAI
2017 Vice President - Robert R. Elliott, Jr., MAI, SRA
Directors
Joe Woods, SRA (Term 2016-2018)
Additional nominations may be made by a timely filing of a written petition signed by at least five (5) percent of the total number of Designated Members, Candidates, Practicing Affiliates, and Affiliates in the Chapter. Such petition may be in electronic form. To be effective, each nominating petition must be delivered in writing to the Chapter Secretary at least fifteen (15) days (9/29/16) before the regular Chapter meeting, at which the elections are to be held. The Chapter Secretary shall deliver in writing a copy of any petition filed to each Designated Member, Candidate, Practicing Affiliate, and Affiliate belonging to the Chapter at least ten (10) days (10/04/16) before the date on which elections are scheduled to be held. Designated members, Candidates, Practicing Affiliates, and Affiliates, eligible to vote, must attend the Chapter meeting on 10/14/2016, to participate in the special election. No additional nominations may be made from the floor.
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Welcome New AI Professionals!
Marc V. Mule, Landrum, SC - Affiliate
Daniel J. Seltzer, Charleston, SC - Practicing Affiliate
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Congratulations New Designated Members!
Robert D. Douglas, SRA, Carolina Appraisal Group
Ken P. Lavertu, Jr., SRA, Precision Appraisals, LLC
Robert J. McGahey, III, MAI, Charleston Area Appraisals, LLC
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Appraisal Institute Unveils
2016-19 Strategic Plan
(In case you missed it in the last newsletter)
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.
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Chapter Scholarship Program
The South Carolina Chapter of the Appraisal Institute will be awarding a scholarship for Candidates for Designation or outside interested parties. It is our intent to focus on retention/development of Candidates for Designation and recruitment of new members through Appraisal Institute courses (excluding any USPAP courses). A total of four $125 awards will be presented.
The selection criteria for awards are as outlined below:
- Chapter meeting attendance
- Chapter committee participation including future willingness to commit time and effort
- Pursuit of designation
- The Why? Why are you asking for consideration of this award? The applicant is encouraged to write a paragraph or two on the application as to why they should be selected for the award.
- Each recipient is entitled to one award per year.
Applications for scholarship monies must be received in the Chapter office no later than six weeks prior to the course's being offered.
Please contact the Chapter office at (770) 803-0024 or e-mail us at [email protected] should you have any questions.
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Volunteer!
The South Carolina Chapter leadership is seeking volunteers to fill 2017 committee positions.
Participation from our designated members, candidates, and practicing affiliates is vital to the South Carolina 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 Chapter, please follow the below link and complete the online leadership resource registry
by November 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
- Finance Committee
- Government Relations Committee
- Public Relations Committee
Committee descriptions, qualifications, and responsibilities are found on the AI Leadership Resource Registry website provided above. If you have questions, contact Suzanne Brockway at (770) 803-0024 [email protected].
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2016 South Carolina Chapter Leadership
OFFICERS
Marshall Vann, MAI, SRA - President
Allen McCravy, MAI - Vice President
Rob Elliott, MAI, SRA - Treasurer
James Martin, MAI - Secretary
DIRECTORS
Karl Finkelstein, MAI - Immediate Past President
Joseph "Jody" Guerry, SRA
Keith Batson, MAI
Joe Woods, SRA
Pledger "Jody" Bishop, III, MAI, SRA (Ex-officio), Non-voting member
REGIONAL REPRESENTATIVES
Chapter Regional Representatives
Anton "Trey" Sedalik, MAI; and Allen McCravy, MAI
Alternate Regional Representatives
Eric Goodwin, MAI; Adam Whitfield; and Deborah Tripp, MAI
COMMITTEES
Candidate Guidance
James Martin, MAI, Chair; Tracy Bouye, MAI; and Trey Sedalik, MAI
Candidate Council
Adam Whitfield, Chair
Education
Rob Elliott, MAI, SRA, Chair; Sarah Guthrie, MAI, Vice Chair; Clark Truluck; and Andrea White, MAI
Finance
Rob Elliott, MAI, SRA, Treasurer, Chair; Jody Bishop, MAI, SRA; Paul Hilton, SRA; and Jody Odom, MAI, AI-GRS
Government Relations
Karl Finkelstein, MAI, Chair; Eric Goodwin, MAI; Joe Woods, SRA; and Cole Morris
Public Relations
Follin Smith, MAI, SRA, Chair; Mike Dodds, MAI; and Christina Harjehausen, MAI
Scholarship Panel
Chuck Crider, MAI, Co-Chair and Marshall Dodds, MAI, SRA, Co-Chair
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Data Sharing & Employment Opportunities Forums
Visit the Chapter's website for recent data sharing requests and employment opportunities.
CHECK IT OUT HERE.
Please note that utilizing the forums requires the user to setup an account by creating a User ID and Password.
Join Us On Our Private Facebook Group!
Go to your Facebook account and search for SCAI and click on "Join Group." Facebook provides a great place to share photos, meeting information, ideas, data sharing, and comments!
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The articles in this newsletter represent the authors' opinions and do not represent the opinions of the South Carolina Chapter Appraisal Institute.
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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!
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