EAST FLORIDA CHAPTER
OF THE
APPRAISAL INSTITUTE
ELECTIONS WILL BE HELD AT
THE MEMBERSHIP MEETING
APRIL 30, 2010
See page 4 for details
PROPERTY TAX ASSESSMENT
MEMBERSHIP LUNCHEON
Friday, April 30, 2010
11:45 AM Registration
Lunch/Seminar 12:00 PM—4:30 PM
FRIDAY
April 30, 2010
Noon
Cost:
Members/NonMembers $100
(Lunch included in seminar fee)
Moderator:
Shawn Wilson, MAI
Panel:
Bill Donegan—Orange County Property Appraiser
Katrina S. Scarborough—Osceola County Property Appraiser
Steve Marshall—Special Magistrate
Steve Fentris—Property Tax Consultant
Location:
430 South Wymore Road, Altamonte Springs, FL
This 4-hour seminar will highlight recent significant changes to the portions of the
Florida Administrative Code which govern property tax appeals to Value
Adjustment Boards. The changes were just adopted by the Governor and
Cabinet on February 24, 2010. The effective date for the new rules and forms is
anticipated to be March 30, 2010. Persons who will benefit from attending this
seminar are those who prepare appraisals for ad valorem tax appeals, those who
plan to do so in the future, those who own property in Florida, and those
appraisers who have clients who own property in Florida.
The seminar will be moderated by Shawn Wilson, MAI, a valuation Special
Magistrate who also developed the content. The seminar panel includes elected
local County Property Appraisers, property tax professionals who typically
represent taxpayers in VAB appeals, and one or more appointed Special
Magistrates who hear tax appeals for Valuation Adjustment Boards. Seminar
participants will have the opportunity to ask specific questions of the panelists.
Topics include: Update on recent changes in rules and procedures; property
assessment from valuation to TRIM Notice; DOR Appraisal Requirements and
Guidelines; basic guidelines for fee appraisers including effective date of value;
USPAP competency and ethics provisions relating to tax appeals including
restrictions on appraisal fees; making the most of an informal conference with
the County Property Appraiser; how to file a petition the right way; what to expect
at a VAB hearing; what you need to know about competent substantial evidence;
presenting a "preponderance of evidence" to support your value opinion;
possible hearing outcomes including remands; something completely new -remand continuation hearings.
DBPR & AI Continuing Education: Approved for 4 Hours
Shawn Wilson, MAI
MAISON & JARDIN
430 South Wymore Road
Altamonte Springs, FL
.
Cost: $25
To ensure the correct number of
meals ordered, please make sure
you make reservations. Walk-ins
will now be charged an
additional
$5 fee.
FOR DETAILED INFORMATION/
REGISTRATION GO TO:
http://
www.appraisalinstitute.org/
education/EastFlorida.aspx
Or call the chapter office at
813-651-5904
(NOTE THE NUMBER NUMBER
PRESIDENT’S MESSAGE
Mark Carpenter, MAI
The start of 2010 has been very interesting and enlightening
in the real estate appraisal business. As the national
economy is still working its way through the worst recession
since the Great Depression, all of us are working hard and
finding innovative ways to keep our appraisal businesses
profitable. Most of us who survive this recession will have
developed renewed wisdom on how to value real estate in a
down market. However, even in this down market your
chapter leadership is continuing to step forward with an
economic plan which will continue to keep us solvent. Our
leadership team, consisting of myself, Walter Price (VicePresident), Mark Parsons (Treasurer), Curtis Phillips
(Secretary), and Lauren Dowling (Executive Director), has
spend many hours through meetings and conference calls in
order to balance the 2010 budget.
In February 2010, our chapter sponsored the Winter
Extravaganza which was held February 23 through 27 at the
Orlando Marriott World Center. The educational courses
were very successful with seven classes being offered
during this time period with over 180 students attending from
27 different states, including Puerto Rico and Guam. Our
National President elect Joe Magdziarz was one of our
distinguished instructors from the Appraisal Institute. The
Appraisal Institute, in conjunction with Narrative No. 1
Appraisal Systems sponsored a reception for Joe Magdziarz
which was very well attended. At the reception our National
President elect, Joe Magdziarz presented Steve Albright his
MAI designation. Steve Albright is from Ocala, Florida and is
our most recent MAI designated member in the chapter. I
want to personally thank Tom Cowart and Jackie Green, our
educational chair persons, as well as, Lauren Dowling for the
successful Winter Extravaganza.
Additionally, on February 23, our second annual East Florida
Chapter Golf Tournament was held at Shingle Creek Golf
Course. Steve Albright was our golf chairman and did an
excellent job organizing and running this event. The team of
Scott Tew and Nate Gibboney took first place and the team
of Dave McCoy and Greg Vella came in last place. I would
like to thank all of the golfers and appraisal firms that
supported and played in this year’s event and hope that next
year’s will be as successful. Further, I would like to thank
Steve Albright and Lauren Dowling for their time in
organizing this event.
During our recent board meeting on March 25, the
nominating committee, chaired by Lauren Strickland
recommended the following 2011 officers and directors:
2
East Florida Chapter · April, 2010
President
Vice-President
Treasurer
Secretary
Director
Director
Walter Price, SRA
Mark Parsons, SRA
Curtis Phillips, MAI
Nick Pilz
Nate Gibboney, MAI
Ryan Zink, MAI
On February 18, the East Florida Chapter sponsored our
second annual UCF Expert Panel. This is chaired and
moderated by Ryan Zink. This event has been very
successful over the past few years as is evident by the
increase from 2009,which 40 students attended to over 110
students in 2010. The following are the chapter members
who participated in the program:
Ryan Zink, MAI
Cassandra Robertson, MAI
Scott Tew, MAI
Mark G. Carpenter, MAI
Craig Clayton, MAI
Nicholas Pilz
Thomas Siserano
Panel Moderator
Overview of Appraisal
Institute
Bank & Mortgage Appraisal
Assignments
Eminent Domain, Litigation/
Expert Witness
Environmentally Sensitive
Lands/Governmental
Assignments
Residential Appraisals
UCF Recent Graduate
This program was designed to give current students insight
to the real estate profession. The above experts gave a
short presentation regarding the specific appraisal
experience and students were able to ask questions of the
panel members. Additionally, networking and the ability for
the students to ask one-on-one questions to practicing
appraisers was done at a social hour that followed at
Tailgators Smokehouse Experience located on the UCF
campus. As a follow-up to this program, we are planning a
job fair to be held at UCF in April 2010. Our chapter will be
working with UCF to place 2010 real estate major graduates
with Appraisal Institute firms that are currently hiring. We are
still in the process of planning and need to know how many
Appraisal Institute firms want to participate in this event. If
your company is currently hiring, or will be hiring new
employees within the coming months and would like to
participate in this program, please contact Ryan Zink, MAI, at
rzink@irr.com.
Finally, our chapter is sponsoring a social event on April 29
at Embers in downtown Orlando. This is the second social
event at Embers which was very successful in 2009. The
food will be provided by the chapter and complimentary drink
tickets will be provided by Pinel & Carpenter, Inc. to every
member who RSVP’s by April 22.
continued on Page 3
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hip Development and Advisory Council)
Curtis Phillips, MAI
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themselves through the Appraisal Institute. Again, I want to
continue to wish all of you a healthy and prosperous 2010,
There are several educational opportunities available in 2010 and I am looking forward to seeing all of you at our next
and please do not wait until the last minute, (November 30), chapter meeting on April 30, 2010, at the Maison and Jardin
to sign up for classes. Please continue to support the restaurant in Altamonte Springs, Florida.
Appraisal Institute by taking their educational courses over
inferior “mom-and-pop” appraisal schools. The Appraisal Mark G. Carpenter, MAI
Institute offers the best educational courses for the real 2010 Chapter President
estate appraisal industry in the entire world. I encourage all (407) 648-2199, ext. 203
members and associate members to continue to educate markc@pinelcarpenter.com
Continued from page 2...
2010 FREAB Meetings
June 7 & 8, August 2 & 3, October 11 & 12, December 6 & 7
61J1-4.003 Continuing Education—A registrant, licensee, or certificate holder, including a Board member, may earn five (5) classroom
hours by attending an entire meeting where the Board considers disciplinary cases, for a maximum of seven (7) of the required thirty (30)
hours; provided that, the individual is not appearing as a party to a disciplinary action and notifies the Division of Real Estate, Education
Section, of the intent to attend at least seven (7) days prior to the meeting.
Contact JoEllen Peacock at least two weeks prior to the meeting to RSVP @ JoEllen.Peacock@dbpr.state.fl.us
Appraisal Help
Chapter Office
“Unsure of how to approach
an appraisal problem?”
Bill Pardue, MAI, SRA
(407) 629-4428
Walter Carpenter, MAI
(407) 648-2199
Lauren Dowling,
Chapter Executive Director
16765 FishHawk Blvd., Suite #347
Lithia, FL 33547
Tel: 407-888-9480;
Fax: 813-654-9814
Lauren@eflai.org
East Florida Chapter · April, 2010
3
EAST FLORIDA CHAPTER OF THE APPRAISAL INSTITUTE
2011 PROPOSED SLATE OF OFFICERS, DIRECTORS AND REGION REPRESENTATIVES
2010 President
2010 Vice President
2010 Treasurer
2010 Secretary
Walter Price, SRA
Mark Parsons, SRA
Curtis Phillips, MAI
Nick Pilz
Region Reps
Walter Price, SRA
Mark Parsons, SRA
Phillip Curtis, MAI
Nick Pilz
Jackie Green, SRA
Charles “Tom” Cowart, MAI
DIRECTORS (2009-2011)
Scott Tew, MAI
Tom Weninger, SRA
DIRECTORS (2010-2012)
Gail Palmer, SRA
Steve Albright, MAI
Alternate Region Reps
DIRECTORS (2011-2013)
Nathan Gibboney, MAI
Ryan Zink, MAI
Scott R. Tew, MAI
Nathan R. Gibboney, MAI
Tom Weninger, SRA
Gail Palmer, SRA
Ryan Zink, MAI
Steve Albright, Jr., MAI
Additional nominations may be made by a timely filing of a written petition signed by at least five percent (5%) of the total
chapter membership. Such petition may be in electronic form. To be effective, each nominating petition must be delivered in
writing to the Chapter Secretary no fewer than fifteen (15) days prior to the regular membership meeting at which the election is to be held. The Chapter Secretary shall deliver in writing a copy of any petition filed to each Chapter member no fewer
than ten (10) days prior to the date on which elections are scheduled to be held. The East Florida Chapter elections will be
held at our membership meeting April 30, 2010. No additional nominations may be made from the floor.
Social Hour at Embers
The East Florida Chapter of the Appraisal Institute will be hosting a social hour gathering from 5:30 PM to 7:30 PM on April
29, 2010 at Embers in downtown Orlando. Embers is located at 28 W. Central Avenue across from the Wachovia Bank
building. Come join your fellow appraisers and enjoy a sample of appetizers and cash bar at Embers outdoor patio bar.
The food will be provided by the East Florida Chapter and a complimentary drink ticket will be provided by Pinel & Carpenter to every member who RSVP’s by April 22, 2010. Appraisal Institute members are invited to bring one guest to this social event. Please RSVP with Ryan L. Zink, MAI at rzink@irr.com or (407) 843-3377 Ext. 109 to reserve your spot.
PUBLIC RELATIONS
UCF Expert Panel Discussion
The East Florida Chapter of the Appraisal Institute held its 2nd Annual Expert Panel Discussion at the University of Central
Florida (UCF) campus on February 18, 2010. The event was presented to 110 students in the real estate program at UCF
and included a social hour that followed at Tailgaters, a local bar / restaurant on campus. Also in attendance were 20
members of the East Florida Chapter of the Appraisal Institute. The event was developed and promoted with the assistance of UCF Professor Randy Anderson, Phd. The panel included a moderator and six panel members from the East Florida Chapter discussing various specialties within the appraisal profession. A list of the Appraisal Institute members and the
specific topic they discussed are presented below.
Ryan Zink, MAI – Panel Moderator
Cassandra H. Robertson, MAI – The Appraisal Institute
Scott R. Tew, MAI – Bank & Mortgage Appraisal Assignments
Mark G. Carpenter, MAI – Eminent Domain, Litigation, Expert Witness
Craig H. Clayton, MAI – Environmentally Sensitive Lands / Government Assignments
Nicholas D. Pilz, Associate Member – Residential Appraisals
Thomas A. Ciserano, Associate Member – Recent UCF Graduate
UCF was very happy with the event and wanted thank all of the panel members as their presentations were well received
by the UCF students and faculty. Any East Florida Chapter members that would like participate in future events, feel free to
call or e-mail Ryan Zink, MAI at 407-843-3377 or rzink@irr.com.
4
East Florida Chapter · April, 2010
INTERNATIONAL VALUATION COMMITTEE
The Appraisal Foundation
Financial Report (VFR) (the West Coast Florida Chapter
offered two first generation seminars on this topic in late 2003
in Tampa and Fort Myers). It was reported that many MAI
designated real estate analysts at Cushman & Wakefield and
Integra Realty Resources have applied to RICS and received
their MRICS and some their FRICS professional designations
to better work on VFR projects within the US for global
corporations. IVSC (International Valuation Standards
Committee), http://www.ivsc.org/, standards were discussed
and how they should “harmonize” (one of the buzz words of
the meeting) with national standards. While the US tends to
use the term “appraiser,” globally the more common term is
“valuer.”
I was recruited in early 2009 by Stephen G. Williams, MAI,
FRICS, chairman, Global Education Research Initiative (GERI)
of the International Valuation Committee (IVC) of The
http://
Appraisal
Foundation
(TAF),
www.appraisalfoundation.org/, to serve on his subcommittee
based upon my work on university relations since late 2003.
Steve is the global advisor for Real Capital Analytics, http://
www.rcanalytics.com/, and is a past (2005-2006) president of
the Royal Institution of Chartered Surveyors (RICS), http://
www.ricsamericas.org/. Some of you may remember Steve
when he was a managing director in the Tampa office of
Some were of the opinion that global market conditions would
Pardue, Heid, Church, Smith & Waller from 1991 to 1994.
solidify in 2010 (with the US lagging behind). Latin American
Steve recently relocated from North Carolina (Raleigh) back to
countries were generally perceived as doing well with
Florida (Jacksonville) last fall.
Argentina lagging behind. So many residential areas (of the
US) have plagued by foreclosures, OREO, and short sales
I attended the recent meeting of The Appraisal Foundation at
that in certain areas those transactions are the market.
th
Omni Orlando Resort at Champions Gate from January 7 to
Builders were reported to have particular concern, as new
th
10 , 2010. In attendance at the IVC meeting were real estate
construction was ground to a halt in hard hit “bust” areas.
analysts from the US (TAF professional staff, Appraisal
Generally economic and market concern out 18 to 24 months
Subcommittee, https://www.asc.gov/, professional staff),
remained a persistent undertone. A strong-opinioned minority
Puerto Rico, Canada, Columbia, Russia, Saudi Arabia, and
were of the opinion that the worst is yet to come based upon a
Venezuela. A representative from the Appraisal Standards
second wave of residential mortgage rate resets (mostly Alt-As
Board (ASB) was present and indicated that the ASB was
and Option ARMs) according to Credit Suisse that crater late
receptive to being part of the global community. Some harsh
in the fourth quarter of 2011 and remain at substantially
comments were heard from the ASB about the appraiser
depressed levels through at least 2016 taking downward
population not being well-educated (nearly half were reported
pressure off the residential market beginning in 2012 (2009
to have no university degree) and most were NOT affiliated
represented about a 50% decline in mortgage rate resets
with a professional association. USPAP has become more
between the subprime wave and the Alt-A & Option ARM
rules based as opposed to principles based (rules versus
wave). Foresight Analytics recently indicated that maturing
principles an ongoing “buzz” word theme of the meeting) in
commercial mortgages with current LTVs (Loan to Value)
part to address this education and professional involvement
ratios greater than 100% is increasing from 16% in 2009 to
deficiency within the industry. Another comment was that too
63% in 2012 and remains as high as 57% through 2014.
many residential appraisers were perceived to be
Extreme caution was the watchword for some.
“manufacturers” of reports and not analysts. The conflict of
what is good for business versus the public trust was also
The influx of many new real estate analysts, particularly
debated. A new exposure draft (USPAP 2012) is online, it
residential appraisers, during the 2002 and 2007 boom with no
was also noted that many real estate analysts don’t review the
experience in declining markets was also cited as a risk. AVM
exposure drafts, but, do complain after implementation.
(Automated Valuation Models) and BPOs (Broker’s Price
Development of a communications rule and enhanced client
Opinions) were also discussed with quality and reliability being
communication is a major focus of upcoming USPAP changes.
a major concern, but no direction on the issue reaching
Sending comparables and draft reports to clients was also a
consensus.
focus. The ASB’s report concluded that many professionals
should be using USPAP, but are not.
Builders and the US Department of Housing & Urban
Development (HUD) also had concern about the valuation of
A representative from the Appraiser Qualifications Board
“green” building components, which tend to add cost. The
(AQB) was present and discussed the new national
question remains as to how the market values the cost and
examination and indicated that the indicated that the first time
how real estate analysts evaluate this emerging challenge.
pass rate was in the mid-50% range. The new national exam
is based upon the new 300 hour requirement and many of
GERI reported that RICS is investing between 200,000 to
those taking the exam who only have 180 hours and have
400,000 pounds over the next two years in researching the
been having difficulty passing the exam (residential numbers
global real estate education environment ranging from
were not reported). A key point of discussion was requiring a
proprietary schools to professional associations, community
four year university degree, perhaps in a specified area such
colleges, and universities. Online education was also noted
as economics, finance, or real estate (or a related discipline
as a relatively new trend with both positive and negative
such as architecture, building construction, civil engineering,
potential impacts.
or urban planning) is being considered for 2014 – 2015.
J. Bruce Cumming, Jr.
Background checks are also being discussed as an AQB
Vice Chairman
requirement. Integrating those professionals in the US with
Global Education Research Initiative
degrees from foreign universities into the licensing and
International Valuation Committee
certification process is also being reviewed.
The Appraisal Foundation
The first general topic that was discussed is Valuation for
Congratulations to our MAI Designees
Camera shy
Timothy J. Powell,
MAI, SRA
Steve Albright Jr. receives his MAI from
Incoming Appraisal Institute President
Joseph Magdziarz, MAI
2010 President, Mark Carpenter, MAI and
New MAI, Mark Nugent
2010 Golf Tournament
Mark Carpenter, MAI, David Colburn,
Walter Carpenter, MAI, David McCoy,
MAI
Charlie Lentz, MAI sizing up his putt!
Frank Schieber, MAI all
decked out and ready to
play….
Steve Matonis, MAI and Charlie Lentz
making the putt!
6
East Florida Chapter · April, 2010
2010 EAST FLORIDA CHAPTER EDUCATION CALENDAR
April
30
Membership Meeting/Seminar
Maison & Jardin
May
3
20/21
Intro to FHA Appraising
13 Hour CE Package*
U of P, Maitland
U of P, Maitland
June
14-17
21-24
Gen Appraiser Income App Part II
Basic Appraisal Procedures
U of P, Maitland
U of P, Maitland
July
15/16
19-24
13 Hour CE Package*
Report Writing & Valuation Analysis
Indian Harbour
FDOT
Membership Meeting/
Intro to Valuing Green Buildings&
Valuation of Green Res Properties
Sheraton, Maitland
August
20
Sept
20
27-4
Intro to Valuation for Financial Rep
Advanced Applications
U of P, Maitland
TBD
Oct
4-6
Condemnation Appraising Principles
& Applications
13 Hour CE Package*
U of P, Maitland
TBD
Business Practice & Ethics
Membership Meeting & Seminar
U of P, Maitland
TBD
16/17
Nov
3
12
* 13 Hour CE Package Includes—7 Hour USPAP, 3 Hour FL Law and 3 Hour Supervisor/Trainee
Roles and Rules
President
Mark Carpenter, MAI
markc@pinelcarpenter.com
Vice President
Walter B. Price, SRA
wprice@priceappraisalgroup.com
Treasurer
Mark H. Parsons, SRA
Mark.parsons@t-a-w.com
Secretary
Curtis L. Phillips, MAI
clp@cpmel.com
Past President
Lauren Stricklen, MAI
Lauren@sas-pa.com
Directors (through 2010)
Nathan R. Gibboney, MAI
nate@gibboneyappraisals.com
Ryan Zink, MAI
rzink@irr.com
Directors (through 2011)
Scott Tew, MAI
scott@tewrealty.com
Tom Weninger, SRA
tweninger@cfl.rr.com
Directors (through 2011)
Gail Palmer, SRA
gpalmer@pcfl.net
Steve Albright, MAI
sja@aaaocala.com
Board Member Representing
Associate Members
Ira Bellinkoff
Ira@tewrealty.com
Region Reps
Mark Carpenter, MAI
Charles (Tom) Cowart, MAI
Curtis Phillips, MAI
Jacqueline Green, SRA
Walter B. Price, SRA
Alternate Region Reps
Leon Stricklen, MAI
Scott R. Tew, MAI
Nathan R. Gibboney, MAI
Tom Weninger, SRA
Stephen Tschida, SRA
Kelly Shipes
Robert Hueston
Gail Palmer, SRA
Nicholas Pilz
William Emerson, MAI
Admissions
James Cooksey, MAI
jim@cookseyassociates.com
Bylaws
Lauren Stricklen, MAI
Lauren@sas-pa.com
Associate Guidance
Nathan Gibboney, MAI
nate@gibboneyappraisals.com
Education
Charles “Tom” Cowart, MAI
ctcowart2@earthlink.net
Jacqueline Green, SRA
greenappraisal@cfl.rr.com
Finance
Mark H. Parson, SRA
Mark.parsons@t-a-w.com
Government Relations
Nicholas Pilz
acsinc@acsappraisers.com
Membership Development & Retention
Stephen Albright, Jr., MAI
sja@aaaocala.com
Newsletter
Scott Tew, MAI
scott@tewrealty.com
Nominating
Lauren Stricklen, MAI
Lauren@sas-pa.com
Public Relations
Ryan Zink, MAI
rzink@irr.com