newsletter steve’s demonstration (photo taken by the drone). lunch speaker mick toller, ... the...
TRANSCRIPT
Fellow Appraisers:
A joint meeting was held this October between Regions
1, 2 and 7 in Lake Tahoe. Our chapter was represented
by Mr. Howard Fram, Ms. Deanne Recht, and myself.
This meeting was particularly important because the
Governance Structure Project Team recommendations
were a topic of discussion. These recommendations
were openly discussed during the general meeting, and
Mr. Scott Robinson and Mr. Rodman Schley expertly
fielded an array of questions and comments. Some of
the important takeaways include:
These ideas are recommendations NOT policy;
The purpose of the recommendations is to initiate a
productive dialogue;
There is no particular agenda beyond establishing the long-term viability of
our organization;
The AI leadership welcomes, nay, implores input from everyone; and
There is no set timeline.
With the goal of transparency, AI dedicated a portion of the website to the
Project Team recommendations (found HERE). Once logged in, you can review
the recommendations, frequently asked questions, and submit your personal
comments (privately or publicly). Your involvement is critical for this process to
succeed. Change is a necessary, natural, and wonderful thing for a professional
organization. Although mistakes are unavoidable, they can be mitigated with
your help. The only unforgivable mistake would be to do nothing.
From time to time, you may receive correspondence from rogue groups whom
are intent on impeding necessary change. These factions presume to speak on
behalf of their entire constituency without earning their requisite consent.
Reasonable minds can differ, and the appropriate place to voice your opinion is
through the AI website. I challenge everyone to develop solutions, not just blast
the ideas of others.
As I look to the future, I am uplifted by the quantity of talented volunteers at our
organization. It has been an honor to serve as the San Diego Chapter President.
I wish you all a wonderful holiday season.
Sincerely,
Trevor C. Hubbard, MAI, SRA, AI-GRS
2017 San Diego Chapter President
President’s Message
PRESIDENT’S MESSAGE 1
GENERAL CHAPTER
MEETING & INSTALLATION
2
APPRAISER MENTORS
WANTED BY SDSU
2
THE CHAPTER’S NEWEST
DESIGNATED MEMBER
3
REPORT FROM REGIONAL
MEETING
5-6
NEWS FROM NATIONAL 7
NATIONAL USPAP 7-HOUR
UPDATE
8
2018 CHAPTER
EDUCATION CALENDAR
9
CALENDAR AND CONTACT 10
Inside this issue:
December 2017 Newslet ter
Find us on:
San Diego Chapter Newsletter
Page 2
General Chapter Meeting and Installation
The next General Chapter Lunch Meeting will be held on Friday, December 8, 2017, from 12:00
pm to 2:00 pm. Check in begins at 11:30 am.
The luncheon will be held at Stone Brewing World Bistro & Gardens in Liberty Station, 2816
Historic Decatur Road, San Diego, CA 92106. For venue information, see Stone Brewing.
The meeting will feature the installation of 2018 Chapter officers, directors, and regional
representatives.
The Installing Officer will be Michael J. Thiel, MAI.
Meal choices are Crispy-skin Atlantic salmon with pesto risotto and Meyer lemon buerre blanc, or
Grilled petite New York, with roasted fingerling potatoes, broccolini, and pink peppercorn demi.
The cost is $25 for San Diego Chapter members, or $52 for non-San Diego Chapter members.
To register, either phone the Chapter office at (858) 292-7324; or print a registration form (on
the last page of this newsletter) and either email the completed form to [email protected], fax it to
the Chapter office at (858) 292-7333, or mail it to the Chapter office with a check.
NOTICE OF ELECTION: At the May 11, 2017 general chapter meeting, Chapter members elected
Robert James, Jr., MAI, SRA, to serve as a regional representative in 2018/2019. Mr. James
recently informed the Chapter that he will be relocating to Fresno, CA before the end of this year,
thereby creating a vacancy in the regional representative position. The Chapter Nominating
Committee has nominated Jeremy Darner, MAI, SRA, to serve in the position. At the December
meeting, Chapter members present will elect Mr. Darner to serve as a regional representative in
2018/2019.
Appraiser Mentors Wanted
The Corky McMillin Center for Real Estate at San Diego State University is developing a new
Real Estate Mentoring Program. Industry professionals would target their efforts and share their
expertise in new construction, 1031 exchange, and investment properties. The collective efforts
of all industry professionals, including appraisers, would highlight a 360° start-to-finish
process.
The Center believes the program would allow all mentors the opportunity to give back in a
meaningful way without the burden of an excessive time process, and will help mitigate gaps
that often form in a traditional mentorship program. They foresee a one to two hour
engagement each month.
If you would like further information, contact Melissa Abeyta at [email protected]. Your
feedback is welcome, and the Center is looking to all mentors to help perfect the program and
mold the next generation of industry professionals.
San Diego Chapter Newsletter
Page 3
The Chapter’s Newest Designated Member
At the November 14 General Chapter meeting, Sean Heath,
MAI, AI-GRS, was presented with his AI-GRS certificate by his
father, Chapter member Tom Heath, MAI, SRA
Welcome New Members
In October, the following two individuals joined the Chapter as Practicing Affiliates:
Dorcey Abshier
Linda Turull
Jobs Board
Immediate opening for experienced appraiser to join our locally–based national hotel valuation
office in San Diego. The San Diego office of Integra Realty Resources is the highest producing
office of hotel valuations amongst all of our offices nationwide. We are seeking a Certified
General or Designated appraiser with extensive hotel valuation experience to join our team of
hotel analysts. Please forward your resume, in confidence, to Jeff Greenwald, National Practice
Leader and Chairman, IRR Hotels—Specialty Practice Group at [email protected].
San Diego Chapter Newsletter
Page 4
Highlights from November 14 Seminar and Meeting
Steve Fontes, MAI, CCIM, gave an informative
presentation about Drone Technology and Its
Impact on the Appraisal Industry that included a
demonstration.
Pictured at the left are seminar attendees
watching Steve’s demonstration (photo taken by
the drone).
Lunch speaker Mick Toller, Senior Broker Associate
with Inland Pacific Commercial Properties,
discussed the Legalization of Marijuana and Its
Impact on Real Estate.
Other seminar speakers included Jim Brabant, MAI,
and Matt Marschall, MAI, ARA, FRICS.
AI Seeks Proposals for Sessions at 2018 Annual Conference
The Appraisal Institute is seeking proposals by December 1 for presentations at the Appraisal
Institute 2018 Annual Conference which will be held on July 30 and August 1 in Nashville,
Tennessee. The conference theme is “Setting the State for Success”.
Attendees of previous AI Annual Conferences said they were particularly interested in these
topics: Business best practices; New technology and resources; Sustainability in real estate;
Capital markets issues; Market analysis; International valuation; Property rights issues;
Litigation support; and Residential issues and practices.
Learn more about submitting a presentation.
San Diego Chapter Newsletter
Page 5
October 21 Joint Regional Meeting
On the shores of Lake Tahoe, Regions I, II, and VII met on October 21, 2017 to discuss Appraisal
Institute matters. Attending were Chapter President Trevor Hubbard, MAI, SRA, AI-GRS, and
Regional Representatives Deanne Recht, MAI, and Howard Fram, MAI. Also attending from San
Diego was Roger Bush, MAI, SRA, who is the Region VII chair and sits on the National board. The
joint regional meeting gave San Diego Chapter representatives an opportunity to exchange ideas
with professionals in both Region VII and outside the region.
The following are some of the items that were discussed at the all-day meeting:
New national educational offerings for 2018 and a lively discussion of what individual chapters
are doing to create new and interesting education, and attract members to events. (San Diego
has always been a leader in creative education, but some innovative ideas were presented.)
Government relations, including the status of legislation and lobbying on behalf of appraisers.
Of note, FIRREA is exempting appraisals in the recent national disaster areas in Florida,
Georgia, Puerto Rico, Texas and the US Virgin Islands. These types of legislation changes are
often implemented without appraiser input, which continues to be frustrating.
Scott Robinson, MAI, SRA, AI-GRS, the immediate past president, was on hand to deliver an
update from the National perspective.
Financially, National is the healthiest it’s been in some time, with over seven months of
unrestricted reserves. Year to date in 2017, revenues are 1.4% below projections of about
$12.2M, but expenses are 3.5% lower than budget, so the budget is balanced and continuing to
improve.
There are 15,536 dues-paying AI professionals in 2017, but attrition is about 3.6% annually
(through August 2017), as the average age of appraisers continues to trend upward. AI’s share
of all appraisers remains about 25%, with 45% of the commercial/general appraisers and 10%
of residential appraisers.
While Capstone has been a success in assisting the overall number of MAIs, there is some
decline in the attendance numbers as most have already now moved through the process.
A search is currently in progress for a new CEO after the resignation of Fred Grubbe in August.
The search is anticipated to extend into 2018, as the role is defined, and candidates apply. In
the meantime, current AI President Jim Amorin, MAI, SRA, AI-GRS is serving as interim CEO.
o The 2018 AI Annual Conference will be in Nashville from July 30 to August 1, 2018.
Continued on next page
San Diego Chapter Newsletter
Page 6
October 21 Joint Regional Meeting (continued)
Finally, the biggest topic of discussion was the Governance Structure Project Team
recommendations, which most AI professionals have already heard about. If for some reason
you’ve been living in a cave, this is the biggest recommendation to reinvent the structure of AI in
some time. While the topics are lengthy, and cannot all be covered in this article (more information
can be found on the AI website), Scott Robinson provided thoughtful information on the reasoning
behind the recommendations. The GSPT team has been meeting since 2015 to discuss the future
of AI. Much of the data for the initial recommendations came from surveys of AI professionals, as
well as statistical data that shows that the very future of AI is threatened by the changing
demographics, which includes the aging of appraisers and the idea of how to attract new, younger
appraisers to the industry, and specifically to AI. Scott noted that the team began with an idea
analogous to Highest and Best Use, i.e. “what would the ideal structure of a national appraisal
organization look like? Would it include local chapters and regions? Or would a centralized
organization be more efficient?” Obviously, the issues are complex, and no formal proposal has yet
been made.
His biggest point about GSPT was this: you need to participate in the process. Nothing has yet been
set in stone. This is your organization. Of the 15,000+ AI professionals, only about 250 have
offered comments so far, less than 2%! These are only recommendations right now, but the
committee needs your feedback. Rather than complain to colleagues, participate and offer your
thoughts on the AI website. Previously, all comments were confidential, but you can now choose to
post your comments publicly. The thought is that transparency will lead to better discussion, but
the choice is yours. The GSPT and the AI board will likely look to implement changes toward the
latter end of 2018 and/or 2019. The time is now to submit your thoughts at Submit Your
Comments.
Respectfully submitted,
Howard Fram, MAI
From left to right: Charles Baker, SRA, AI-RRS, Southern
California Chapter Vice President and Regional
Representative; Trevor Hubbard, MAI, SRA, AI-GRS, San Diego
Chapter President; Melissa Downing, MAI, Northern California
Chapter Director; and Steve Henry, MAI, Southern California
Chapter Regional Representative.
San Diego Chapter Newsletter
Page 7
News from National
BE SURE TO UPDATE YOUR “FIND AN APPRAISER” PROFILE
One of the biggest member benefits available to AI professionals is the Find an Appraiser function.
Find an Appraiser was accessed nearly 28,000 times in the past month.
Find an Appraiser has been updated in recent years to include new areas of professional focus,
property types, resumes, photos, and geocoding so users of appraisal services can identify AI
professionals geographically.
AI PROFESSIONALS CAN ACCESS GOVERNANCE STRUCTURE COMMENTS
Comments made by Appraisal Institute professionals regarding the Governance Structure Project
Team’s recommendations can now be viewed by other AI professionals, not just the national Board
of Directors, if commenters requested that their input be made public. View the feedback about the
GSPT’s recommendations (AI log-in required).
2018 INSTRUCTOR QUALIFYING CONFERENCE
The Appraisal Institute has scheduled an Instructor Qualifying Conference to be held on September
21 and 22, 2018. Mark your calendar and watch for more information if you are interested in
becoming an Appraisal Institute instructor.
AI RELIEF FOUNDATION
The AI Relief Foundation is here to help!
In the wake of Hurricanes Harvey, Irma, and Maria, and
the recent California wildfires, the AI Relief Foundation
would like to remind AI professionals that they are here
to help.
The AI Relief Foundation is also seeking donations, as
well as offering assistance grants to those in need—
whether affected by hurricanes, other natural disasters,
or personal emergencies.
San Diego Chapter Newsletter
Page 8
National USPAP 7-Hour Update
** NEW 2018/2019 VERSION **
COURSE CONTENT:
This one-day update course, copyrighted by The Appraisal Foundation, focuses on recent changes to USPAP requirements for ethical behavior and competent performance by appraisers. The course, which clarifies several commonly misunderstood aspects of USPAP, will aid appraisers in all areas of appraisal practice seeking updated competency in USPAP, including those subject to state licensing or certification and continuing education requirements imposed by professional organizations, client groups, or
employers.
NOTE: The Appraiser Qualifications Board (AQB) of The Appraisal Foundation has issued a statement that indicates effective 01/01/2005 an appraiser must successfully complete the 7-hour USPAP Update course every two years to meet the USPAP continuing education requirement. The appraiser can take the 15-Hour USPAP, bit it will only count for hours toward his state’s continuing education requirement; the 15-Hour program will not meet the
USPAP continuing education requirement.
COURSE PRICE DOES NOT INCLUDE A COPY OF THE 2018-2019 USPAP DOCUMENT, WHICH IS REQUIRED FOR COURSE CREDIT. Attendees must bring their own copy of the 2018-2019 USPAP document to class, which can
be purchased from The Appraisal Foundation at 2018-2019 USPAP.
EDUCATION CREDIT:
This course is approved for 35 points of Appraisal Institute education credit, and for 7 hours of BREA continuing education credit (BREA Approval No. TBD). This course is also approved in most other states for basic and/or continuing education credit. For more information about approval in other
states, see State Approvals.
COURSE FEE (on or before November 29, 2017):
Appraisal Institute Designated Members, Candidates for Designation,
Practicing Affiliates, and Affiliates $189 / All others $239
Course fees will increase $50 on November 30, 2017.
When and Where
December 14, 2017
8:30 am to 4:30 pm
National University
5998 Lightwave Avenue
San Diego, CA 92123
Course Instructor:
Mike Mason, MAI, SRA
For more information, click the
course flyer above
San Diego Chapter Newsletter
Page 9
2018 SAN DIEGO CHAPTER EDUCATION CALENDAR
Feb 23 National USPAP 7-Hour Update Mike Mason, MAI, SRA
Mar 8 Solving Land Valuation Puzzles Steve Roach, MAI, SRA, AI-GRS
Mar 13-17 Review Theory General Rob Moorman, MAI, AI-GRS
Mar 29-30 Uniform Appraisal Standards for Fed Land Trans Dave Lennhoff, MAI, SRA, AI-GRS
Apr 3-7 Advanced Market Analysis and HBU Larry Wright, MAI, SRA, AI-GRS
Apr 9 Federal & State Laws & Regulations Susan Merrick, SRA
May 10 2018 San Diego Market Symposium Committee
June 4-7 General Income Approach, Part 1 S. Roach, MAI, SRA, AI-GRS & E. Schneider, MAI, SRA
June 5-8 Basic Appraisal Principles Deanne Recht, MAI
June 8-12 General Income Approach, Part 2 Dave Lennhoff, MAI, SRA, AI-GRS
June 9-13 Basic Appraisal Procedures Joe Magdziarz, MAI, SRA, AI-GRS, AI-RRS
June 13-16 General Sales Comparison Approach Ken Foltz, MAI, SRA
June 14-15 National USPAP 15-Hour Mike Mason, MAI, SRA
June 16&18 Residential Market Analysis and HBU Terry Bernhardt, SRA, JD
June 18-21 General Site Valuation & Cost Approach Rob Moorman, MAI, AI-GRS
June 19-20 Residential Site Valuation & Cost Approach Terry Bernhardt, SRA, JD
June 21-25 Res Sales Comparison & Income Approaches Ed Molinari, SRA
June 22-26 General Market Analysis and HBU Lance Coyle, MAI, SRA
June 26-27 Residential Report Writing & Case Studies Mark Smeltzer, MAI, SRA, AI-RRS
June 27-30 General Report Writing & Case Studies Dan Swango, MAI, SRA
June 28-30 Condemnation Appraising Steve Roach, MAI, SRA, AI-GRS
July 13-18 Advanced Income Capitalization Rick Carlile, MAI
July 27 National USPAP 7-Hour Update Tony Wren, MAI, SRA
July 28 Business Practices and Ethics Tony Wren, MAI, SRA
Sept 13 In the Eye of the Hurricane TBD
Oct 12 National USPAP 7-Hour Update Mike Mason, MAI, SRA
Oct 19 Federal & State Laws & Regulations Susan Merrick, SRA
All offerings subject to change
S a n D i e g o C h a p t e r o f t h e A p p r a i s a l I n s t i t u t e
San Diego Chapter Office
4849 Ronson Court, Suite 102 [map]
San Diego, California 92111-1805
Executive Director: Patti Kreutzer
Phone: (858) 292-7324
Fax: (858) 292-7333
E-mail: [email protected]
We are on the Web!
www.aisandiego.org
Page 10
December 2017
Sun Mon Tue Wed Thu Fri Sat
1 Chapter Office
Closed
2
3 4 5 6 7 8 Installation
Lunch Meeting
9
10 11 12 13 14 National USPAP 7-
Hour Update 15 16
17 18 19 20 21 22 23
24/31 25 Chapter Office
Closed
26 27 28 29 30
Chapter Leadership
2017 OFFICERS
President
Trevor Hubbard, MAI, SRA, AI-GRS
Vice President
Eva Stresemann, MAI
Treasurer
Eric Schneider, MAI, SRA
Secretary
Jeremy Darner, MAI, SRA
DIRECTORS
Director (2015-2017)
Tom Gillgren, SRA
Director (2015-2017)
Mark Hendrickson, MAI
Director (2015-2017)
Bob James, Jr., MAI, SRA
Director (2016-2018)
Sean Stinchfield, MAI, AI-GRS
DIRECTORS
Director (2016-2018)
Eric Witherall, MAI
Director (2017-2019)
Mike Hadrys
Director (2017-2019)
Colleen Matthies, MAI
IMMEDIATE PAST PRESIDENT
Howard Fram, MAI
Did you know…
Chapter individuals who
volunteer to serve on a
committee, panel, or work group
can earn up to 125 points of
continuing education credit in
each 5-year cycle.
If you would like to become more
involved with the Chapter,
contact Chapter President Trevor
Hubbard, MAI, SRA, at (619) 929-
2943 or email
San Diego Chapter Newsletter
Page 11