Rio Grande Chapter of the Appraisal Institute Newsletter Summer 2017 Upcoming Chapter Meetings Friday, July 28, 2017 – (12:00 PM) • Chapter meeting will take place during the Uniform Appraisal Standards for Federal Land Acquisitions: Practical Applications course • Location – The Canyon Club at Four Hills, Albuquerque, NM • Networking and Cocktails - (5:30 PM) Tuesday, August 8, 2017 - (1:00pm MT) • Chapter meeting by Conference Call • Log in info for the conference call: o Dial 1-866-576-7975 o When prompted, enter access code 178446# Upcoming Board of Directors Meetings Thursday, July 27, 2017 - (5:30 PM) Location – The Canyon Club at Four Hills Albuquerque, NM Region VIII Meeting Saturday, November 4, 2017 in Albuquerque, NM The Rio Grande Chapter will be offering three (3) seminars in conjunction with the Region meeting. Les Sellers, MAI, SRA, AI-GRS will be teaching: • November 2, 2017 - Case Studies in Complex Valuation (7-hours) • November 3, 2017 - Contract or Effective Rent: Finding the Real Rent (4-hours) • November 3, 2017 – Property Rights/Big Box (4-hours) Congratulations.... To Anthony Kuna, MAI Tony received his MAI designation this May. We look forward to presenting him with his designation certificate at our next Chapter meeting! Welcome…. To our six new Practicing Affiliate and three affiliates to the Chapter in 2017: - Practicing Affiliates • Jaclyn Jolley-Valentine • James Jones • Paul Morneau • Kristin Nichols • John Schatzman, Jr. • Caterina Marie Platt Affiliates • Nicole Johnny • Zan Spurlock • Donta Watson President’s Message Summer 2017 by Linda Powers, MAI Dear Fellow Chapter Members, It is hard to believe that half of this year is over. And it has been a busy year so far! I want to thank Bruce Gunderson, MAI and Kathleen McLeroy, MAI for all the help, support, and guidance. And a special thank you to Ruth Kelton who keeps us all on track! Kathleen McLeroy and I attended LDAC (Leadership Development and Advisory Council) which met the first week of May in Washington, DC. The focus this year was on attracting new membership and providing new opportunities for existing members. New ideas will be passed on to Strategic Planning and other committees. Our visits to Capitol Hill included U.S. Senator John Cornyn and U.S. Representatives Ted Poe, Jeb Hensarling (Chairman of the House Financial Services Committee), Beto O’Rourke, and Brian Babin. Real estate valuation is one of the most highly regulated professions in the United States. We contend with federal oversight, state certifications and licensing requirements, mandatory standards obligations, and ever- increasing rules. During our visits we requested that the playing field be leveled to allow for more flexibility for appraisers to effectively complete and deliver a full range of valuation services. Later in the newsletter is a copy of the key talking points we used when visiting our legislators.
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Rio Grande Chapter of the Appraisal Institute Newsletter
Summer 2017
Upcoming Chapter Meetings
Friday, July 28, 2017 – (12:00 PM)
• Chapter meeting will take place during
the Uniform Appraisal Standards for
Federal Land Acquisitions: Practical
Applications course
• Location – The Canyon Club at Four Hills,
Albuquerque, NM
• Networking and Cocktails - (5:30 PM)
Tuesday, August 8, 2017 - (1:00pm MT)
• Chapter meeting by Conference Call
• Log in info for the conference call:
o Dial 1-866-576-7975
o When prompted, enter access
code 178446#
Upcoming
Board of Directors Meetings
Thursday, July 27, 2017 - (5:30 PM)
Location – The Canyon Club at Four Hills
Albuquerque, NM
Region VIII Meeting
Saturday, November 4, 2017 in Albuquerque, NM
The Rio Grande Chapter will be offering three (3)
seminars in conjunction with the Region meeting.
Les Sellers, MAI, SRA, AI-GRS will be teaching:
• November 2, 2017 - Case Studies in
Complex Valuation (7-hours)
• November 3, 2017 - Contract or Effective
Rent: Finding the Real Rent (4-hours)
• November 3, 2017 – Property Rights/Big
Box (4-hours)
Congratulations....
To Anthony Kuna, MAI
Tony received his MAI designation this May. We
look forward to presenting him with his
designation certificate at our next Chapter
meeting!
Welcome….
To our six new Practicing Affiliate and three
affiliates to the Chapter in 2017: -
Practicing Affiliates
• Jaclyn Jolley-Valentine
• James Jones
• Paul Morneau
• Kristin Nichols
• John Schatzman, Jr.
• Caterina Marie Platt
Affiliates
• Nicole Johnny
• Zan Spurlock
• Donta Watson
President’s Message
Summer 2017
by Linda Powers, MAI
Dear Fellow Chapter Members,
It is hard to believe that half of this year is over.
And it has been a busy year so far! I want to thank
Bruce Gunderson, MAI and Kathleen McLeroy, MAI
for all the help, support, and guidance. And a
special thank you to Ruth Kelton who keeps us all
on track!
Kathleen McLeroy and I attended LDAC
(Leadership Development and Advisory Council)
which met the first week of May in Washington,
DC. The focus this year was on attracting new
membership and providing new opportunities for
existing members. New ideas will be passed on to
Strategic Planning and other committees. Our
visits to Capitol Hill included U.S. Senator John
Cornyn and U.S. Representatives Ted Poe, Jeb
Hensarling (Chairman of the House Financial
Services Committee), Beto O’Rourke, and Brian
Babin. Real estate valuation is one of the most
highly regulated professions in the United States.
We contend with federal oversight, state
certifications and licensing requirements,
mandatory standards obligations, and ever-
increasing rules. During our visits we requested
that the playing field be leveled to allow for more
flexibility for appraisers to effectively complete
and deliver a full range of valuation services. Later
in the newsletter is a copy of the key talking
points we used when visiting our legislators.
Rio Grande Chapter of the Appraisal Institute Newsletter
Summer 2017
President’s Message, (cont’d.)
Kathleen and I attended the Region VIII meeting
held in Dallas. The 2017 Appraisal Institute Vice
President, Stephen S. Wagner, MAI, SRA, AI-GRS,
attended the meeting. A significant amount of
time was spent discussing the Chapter Financial
Management and Administrative Policy. The
policy remains suspended pending input from
chapters. Beta testing with volunteer chapters
should begin later this year, which will help to
shape changes to the policy as well. This
continues to be a source of much discussion, and,
as new information is available, it will be passed
on to all of you. A copy of the letter that the Rio
Grande Chapter sent to our Executive Committee
and National Board of Directors is provided later
in this newsletter. At this meeting, I was elected
Third Director of Region VIII, a five-year
commitment on the National Board of Directors. It
is such an honor, and I am very appreciative of the
chance to serve. Our next face-to-face Regional
meeting will be held in Albuquerque on November
4th. Chapter members are invited to come to the
Regional meeting. Please let me know if you
would like to attend.
I just returned from attending the 2017 Annual
Meeting held in Ottawa, Canada. What a beautiful
place, with great food and such nice people. This
was a joint meeting with AI-Canada, the first in 13
years. It was wonderful to meet our counterparts
from all over Canada. Ron Alfred, MAI, AI-GRS
from our chapter was also there. Please mark
your calendars for next year’s annual meeting in
downtown Nashville, which will be held at the new
Marriott hotel on July 30-31 and August 1. If
you’ve never attended an annual meeting, here is
your chance. The education and networking are
invaluable!
Speaking of education, I am on the National
Education Committee and am excited about new
educational offerings that are being developed
both for classroom settings, online, and
synchronous offerings. Some of the older classes
are being rewritten and updated to provide current
information. One example is the newly updated
Uniform Appraisal Standards for Federal Land
Acquisitions, which will be offered in Albuquerque
Rio Grande Chapter of the Appraisal Institute Newsletter
Summer 2017
FACT Report
Foundation Appraisers Coalition of Texas
www.supportfact.org Foundation Appraisers Coalition of Texas - FACT Report
Region VIII Meeting 5.13.17 Greg Stephens, SRA, FACT President, 2016-2017
FACT / TALCB Update 2017 Activities
➢2/ 9 - TALCB Board Meeting ➢2/10 – TALCB/TREC Realty Conference ➢2/11 – FACT Board/Membership Meeting ➢3/ 6 – FACT letter to Commissioner Oldmixon ➢3/ 9 - TALCB Enforcement Committee ➢3/27 –TALCB Executive Committee ➢4/ 3 – FACT/TALCB Conference Call ➢4/17 – TALCB AMC Advisory Committee ➢4/19 – TALCB Education Committee ➢5/5 – Quarterly Board Meeting Concerns raised during FACT Board meeting regarding TALCB Enforcement Audits ➢Feedback from Mentors regarding whether USPAP violations actually occurred ➢Excessive Delays – Audit Process taking several months ➢Investigator Phone Calls – Feeling more like an interrogation than learning experience ➢Complaints Against Supervisory Appraisers – impacting potential Supervisory Appraisers ➢Task Force Assigned ➢3/6 – FACT letter to Commissioner Oldmixon ➢4/3 – Task Force Conference Call with TALCB
Rio Grande Chapter of the Appraisal Institute Newsletter
Summer 2017
FACT Report, (cont’d.)
Rio Grande Chapter of the Appraisal Institute Newsletter
Summer 2017
FACT Report, (cont’d.)
Staff Reports:
March 2016 to March 2017 Results
Appraisal Management Company Registrations as of March 2017 • Total AMC Registrations issued to date: 237 • Registrations Surrendered -19 • Registrations Revoked - 3 • Registrations Expired > 6 months -43 • Total Net Active AMC Registrations 172
Rio Grande Chapter of the Appraisal Institute Newsletter
Summer 2017
FACT Report, (cont’d.)
Rio Grande Chapter of the Appraisal Institute Newsletter
Summer 2017
FACT Report, (cont’d.)
Rio Grande Chapter of the Appraisal Institute Newsletter
Summer 2017
FACT Report, (cont’d.)
Education Committee Update
FACT Chair Greg Stephens, Executive Director Amy Ables and AI Region VIII Executive Director Ruth Kelton attended the meeting via conference call. Item 2 is problematic as it relates to chapter meeting continuing education. The TALCB staff are currently pursuing chapter meeting education approval requirements to be treated the same as seminars and courses. The FACT President met with TALCB General Counsel Kristin Worman after the TALCB Board meeting 5/5/17 to continue discussions relating to concerns raised by Ruth, FACT Chair Greg Stephens and other FACT members during the call. A Task Force will be assigned by TALCB Chair Jamie Wickliffe, and FACT will continue to monitor and provide input.
New Mexico Update
A bill was anticipated this year pertaining to a statute of limitations on appraisals but will not be
presented until the 2018 session as several obstacles arose during 2017 which need further
consideration. Robin Stiles, SRA and Richard Hix, SRA will keep us posted with any legislation
matters to take place in the 2018 session.
Rio Grande Chapter of the Appraisal Institute Newsletter
Summer 2017
Rio Grande Chapter of the Appraisal Institute Newsletter
Summer 2017
Appraisal Institute
National Board of Directors
Statement on Governance Restructure
June 8, 2017
The Appraisal Institute Board of Directors at its June 7-8 meeting in Ottawa, Ontario, received for its
consideration recommendations from the Governance Structure Project Team, which has spent more
than a year-and-a-half considering possible changes to AI’s governance structure.
Before any action is taken on these recommendations, members of the Board will be sharing the
project team’s recommendations with – and receiving feedback from – all AI professionals in the
coming weeks using a variety of means. These potentially will include webinars, meetings, and
conference calls led by Board members, national officers and members of the project team. Written
materials also will be made available to all AI Professionals that explain the project team’s
recommendations and the background information it considered.
The Board will review all input it receives, so AI Professionals are encouraged to take an active role
in this important process. At its August 24-25 meeting, the Board will consider sending any
governance structure recommendations to 45-day Notice.
More information on this initiative will be made available to Appraisal Institute professionals by July
14, 2017.
Rio Grande Chapter of the Appraisal Institute Newsletter
Summer 2017
Rio Grande Chapter Letter to
Appraisal Institute President, Jim Amorin, MAI, SRA, AI-GRS
in Response to the
Chapter Financial Management and Administration Policy