1. real estate

V O L. 13 • N O. 2
FEBRUARY 2005
WALNUT CREEK
N o r t h e r n Ca li f o r ni a Ch a p t e r o f t h e A p p r a i sa l I n st i t u t e
How to Become A
Real Estate Appraiser
Thursday, March 17
Location: Sheraton Four Points Hotel
5115 Hopyard Road, Pleasanton
2005 Officers and Directors Installed
L-R: Anthony Mills, MAI, SRA, Steve LeGardeur, MAI, Greg Rinehart,
MAI, John Hillas, SRA, Chris Daniel, SRA, Steve Castellanos, MAI,
SRA, Christina Way, MAI, Robin Erdmann, MAI, Claudia Carleton,
MAI, Bruce Hahn, SRA, Carole Laval, SRA, and Joe Napoliello.
Not pictured: Larry Hopper, MAI, and Jeff Enright, MAI.
Directions: 925/460 - 8000 or
w w w.fourpoints.com
Parking: Complimentar y
Registration: 2:45pm
Workshop Hours: 3:00pm – 6:00pm
Net working Social: 6:00pm (includes wine and
hors d’oeuvres)
Moderator: Anthony Mills, MAI, SR A
The Anthony Mills Company
Presenters: Elizabeth Collagen — OREA
Super visor Enforcement Staff
Greg Harding — OREA,
Chief, Licensing &
Enforcement Division
Brian Grey, SR A
Grey Appraisal Associates
Kathr yn Sturgis - Bright
Sturgis - Bright
Appraisal Group, Inc.
Price: AI Members
Non - Members
Workshop Only: $ 30
$40
Social Only: $ 30
$40
Workshop & Social: $ 30
$40
Reser vat ions & Paym ent : Advanc ed reser vations
by Friday, March 11 are required to ensure adequate
seating and workshop materials. Cancellations without
penalty must be received by 12 noon on Monday, March
14. Cancellations received af ter 12 noon on Monday,
March 14, and “no shows” will be charged unless we
are able to re - sell your reser vation. Reser vations
received af ter the cut - of f date and walk- ins cannot
be guaranteed. Remit payment payable to: Appraisal
Institute, 1243 Alpine Road, Suite 102, Walnut Creek,
CA 9459 6, register online at w w w.norcal - ai.org or fax
to 925 / 932-775 4. We reser ve the right to substitute
speakers under circumstances beyond our control.
Confirmations are not sent for workshops.
About the Workshop: Are you looking for a new professional
career? Do you have an interest in real estate but selling is not
your game? Have you
ever thought, “What
 Real Estate Appraiser, page 2
Bruce Hahn, SRA
Greetings…
and thanks to all those
that attended the Janu ar y Workshop and the Installation Celebration. It was
an informative workshop and a great social hour! It was
nice to see such a large number of people and so many
familiar faces! In addition to witnessing the Installation of
the 2005 Board of Directors, we heard about the many
changes occurring in the appraisal profession. In fact, I
believe there is as much change right now as there was
about 15 years ago when licensing was beginning and the
merger of the Society and old Institute (into what is now
the Appraisal Institute) were in the works.
Experience and Training Provide Opportunities
I
f you were at the workshop, you heard the details of how
much more difficult it will be to become licensed or cer ti fied by 2008, and about the major governance restructure
that has just occurred within the Appraisal Institute. To
hear and see the numbers from the OREA about licensees
by age and by license type tells us a lot about the state
of our profession. There are tremendous oppor tunities in
the future for those that are experienced, have the best
training (from the Appraisal Institute’s education offerings) and have designations that are recognized as the
standard of excellence
and competence in the
 President’s Message, page 7
2
Newsletter of the Northern California Chapter of the Appraisal Institute
Members Page
Question of the Month
Q . I’ M A LICENSED APPR AISER SEEKING 7- HOURS OF USPAP CONTINU ING EDUCATION CREDIT. C AN I TAKE THE 15 - HOUR USPAP COURSE TO
MEET THIS REQUIREMENT ?
A . No. Effective Januar y 1, 2005, the 15 - hour National USPAP Course
may NOT be used to satisfy the 7- hour National USPAP Update Course
continuing education requirement. Only the 7- hour National USPAP
Update Course may be taken to satisfy the continuing education
USPAP requirement after Januar y 1, 2005. If the 15 - hour National
USPAP Course is taken on or after Januar y 1, 2005, as continuing
education, the course can be applied towards the overall continuing
education hours only.
N E W D AT E — M A R K YO U R C A LEN DA R
2005 Annual Fall Conference
Exhibitor and Career Fair
Friday, October 14 San Francisco Hilton
Opening Speaker: Larr y Stone, Santa Clara County A ssessor
Partial List of Breakout Sessions Includes:
 Nor th Bay Market Update
 San Francisco Market Update
 Silicon Valley Market Update
 East Bay Market Update
 Bay Area Residential Market Update
2005 Officers,
Directors and
Branch Chapter
Chairs
P RESIDENT
Bruce A . Hahn, SR A
bruce @ landmark valuation.com
V ICE P RESIDENT
Claudia Carleton, MAI
claudia @ hulberg.com
TREASURER
Robin J. Erdmann, MAI
robinerdmann @ comcast .net
S ECRETAR Y
Steve Castellanos, MAI, SR A
scastellanos @ bankofstockton.com
E X - O FFICIO
John A . Hillas, SR A
jhillas @ sierr avaluation.com
D IRECTOR S
Larr y Hopper, MAI
ldhopper @ rpaapr aisal.com
Jef f Enright , MAI
jef f @ enrightco.com
Greg Rinehar t , MAI
greg @ burchardandrinehar t .com
Joe Napoliello, MAI
JN apoliello @ sanbrunocable.com
Carole Laval, SR A
claval @ comcast .net
Real Estate Appraiser
Chris Daniel, SR A
from page 1
Anthony Mills, MAI, SR A
does it take to become a real estate
appraiser?” If you answered “yes” to
any of these questions, be sure to join
us for an informative 3-hour workshop.
Our panelists will outline the skills and
experience requirements potential
employers look for when hiring entrylevel real estate appraisers. Topics to
be discussed include:
* Licensing Issues
* The Trainer’s Perspective: Residential and Commercial
* The Role of the Appraisal Institute
* The Appraisal Profession: Diversity
and Career Paths
* The Future of the Profession
Continuing Education Information:
Continuing education credit is not available for this offering.
R E G I S T R AT I O N F O R M
Kindly obser ve the March 11 registration deadline.
This program is likely to sell out early.
Phone
Email
sleg ardeur @ jhancock .com
Christina Way, MAI
wa - tina @ f ire2wire.com
G OLDEN G ATE /M EETING G ROUP
Volunteers Needed
S IERR A B R ANCH C HAP TER
Volunteers Needed
C ENTR AL C AL B R ANCH C HAP TER
Kelly Stevens
kellystevens @ at tbi.com
E AST B R ANCH C HAP TER
M ONTEREY B AY B R ANCH C HAP TER
Volunteers Needed
N ORTH B AY B R ANCH C HAP TER
Ray Mattison, MAI
mat 2apr3 @ sonic .net
S ILICON VALLEY B R ANCH C HAP TER
Jim Gavin, MAI
James _Gavin @ st andardandpoors.com
I am a/an:  Member ($30)
(Includes ASA and ASFMR A Members)
 Non - Member ($40)
I will attend:  How to Become a RE Appraiser Workshop
 Networking Social
Charge my:
acmills1@ msn.com
Steve LeGardeur, MAI
Volunteers Needed
“How to Become a Real Estate Appraiser”
Thursday, March 17, 2005
Name:
ctdaniel @ sbcglobal.com
 VISA
 MasterCard
Account #
Exp Date
AI Use: Rec’d
DBM
DBE
/
Signature
Ck #
Amt
Bal Due
February 2005
Members Page
Members in the News
A
huge round of applause goes to Ray Mattison, MAI, ASA , who organized
the jointly- sponsored Going Concern Seminar in Petaluma with the San
Francisco Bay Area Chapter of ASA. Over 80 appraisal professionals were in
attendance. If you appreciated this Nor th Bay offering and would be willing to
assist with future Nor th Bay education and networking events, please contact
Ray at mat2apr3 @ sonic.net .
Thank you to Noel James, Erik Woodhouse and Kevin Larson who assisted
with registration at our sold out 2005 State of the Profession Workshop and
Installation Celebration. Appreciation is also extended to early risers Joaquin
Reis and Leigh Budlong, MAI, who assisted with registration at our Januar y
offerings of Avoiding Residential Liability and USPAP Update respectively.
At the Januar y Chapter Networking Social, the following members were
elected to ser ve on the 2005 Nominating Committee: John A. Hillas, SR A
– Chair, Karen Mann, SR A, Mitch Dunshee, MAI, Ron Garland, MAI, SR A,
Ron Blum, MAI, Lou Marcus, SR A, Karen Couto, MAI, and Norm Hulberg,
MAI. This committee will be responsible for slating our 2006 Officers, Direc tors and Regional Representatives.
Special thanks to Eric Griffin, MAI, Region I Chair, who stepped in at
the last minute as a substitute presenter at the 2005 State of the Profession
Workshop.
Kudos to Stephanie Coleman, MAI, SR A , for presenting Reappraising,
Readdressing, and Reassignments to a sold out crowd earlier this month.
For those of you who missed out, she has graciously agreed to present this
program again in Fresno on May 10. Details coming soon.
Many appraisers are now collecting on delinquent accounts due to the
information that Norm Hulberg, MAI, presented on Februar y 11 on Engage ment Letters and Collection of Delinquent Accounts. Thank you Norm for
developing and presenting this 2- hour workshop.
In Januar y, Karen Mann, SR A, was the “Featured User” on the Apprais alPor t’s web site.
Results of 2004 Member Survey Posted
T
hanks to the 229 members who responded to the first Nor thern California
Chapter Member Sur vey! We received lots of great feedback, some great
suggestions and recommendations, and a few appreciated pats on the back.
Many of the responses were what we expected, but some were not! For the
most par t, it looks like your Board of Directors is already taking some of the
steps that you all would like to see. We will be studying the sur vey results to
continue to tr y and ser ve you better. Don’t be surprised to see more sur veys in
the future. You can check out the sur vey results yourselves in our new down load section of our web page — http : //w w w.norcal - ai.org /dwnld.html .
Member on the Move
Melissa Bach, MAI
Carneghi - Blum & Par tners, Inc.
1470 Maria Lane, Suite 230
Walnut Creek, CA 94596
925/256 -1463 FA X 925/256 -1461
mbach @ cbpappraisal.com
2005 Committee
Chairs
A RR ANGEMENTS
Siobhan Semple Stoddard, MAI
415 /472-7833 FA X 415 /472- 3047
siobhan @ semple appr aisal.com
M EMBER SHIP D EV ELOPMENT & R ECRUITMENT
Anthony Mills, MAI, SR A
707/ 765 - 6246 FA X 707/ 765 - 9 63 4
acmills1@ msn.com
A SSOCIATES ’ G UIDANCE – G ENER AL
Anthony Mills, MAI, SR A
707/ 765 - 6246 FA X 707/ 765 - 9 63 4
acmills1@ msn.com
A SSOCIATES ’ G UIDANCE – R ESIDENTIAL
Nancy Townsend, SR A
510 / 524 - 6 469 FA X 510 / 527- 6 409
nancy @ townsendappr aisals.com
E XPERIENCE R EV IEW – G ENER AL
Rich Labagh, MAI
650 / 8 43 - 0740 FA X 650 / 8 43 - 0742
rlabagh @ aol.com
E XPERIENCE R EV IEW – R ESIDENTIAL
Peggy Darnall, MAI, SR A
510 /452- 4477 FA X 510 /452- 4230
E XAMINATIONS
Ar t Lombard, MAI
415 / 627- 6392 FA X 415 / 627- 616 4
ar thur.f.lombard @ citigroup.com
F INANCE
Robin Erdmann, MAI
707/ 766 - 8313 FA X 707/ 766 - 83 43
robinerdmann @ comcast .net
G OV ERNMENT R EL ATIONS
Carole Laval, SR A
559 /435 - 4043 FA X 559 /435 - 4043
claval @ comcast .net
E DUCATION — C OUR SES
Steve Kuhnhof f, MAI – Chair
925 /327-1660 x16 FA X 925 /327-1696
stevenk @ hulberg.com
Steve Geller, MAI – Vice Chair
925 / 820 - 460 0 FA X 925 / 838 - 4559
stevengellermai @ comcast .net
E DUCATION – S EMINAR S
Melissa Bach, MAI
925 / 256 -1463 FA X 925 / 256 -1461
mbach @ cbpappr aisal.com
Sara Cohn, MAI
415 / 777- 2666 FA X 415 / 977- 0555
scohn @ cbpappr aisal.com
F ALL C ONFERENCE
Norm Hulberg, MAI – Chair
408 / 279 -1520 x142 FA X 408 / 279 - 3 428
norm @ hulberg.com
Yvonne Broszus, MAI – Vice Chair
408 / 279 -1520 x142 FA X 408 / 279 - 3 428
y vonne @ hulberg.com
P UBLIC R EL ATIONS
Joe Napoliello, MAI
650 / 875 -1459 FA X 650 / 875 -1458
jnapoliello @ sanbrunocable.com
TECHNOLOGY
Christina Way, MAI
209 / 883 - 279 6 FA X 209 / 883 - 268 4
Good News ASA and
ASFMR A Members
T
he Northern California Chapter is
pleased to extend our discounted
membership tuition fees to you when
attending Chapter events.
3
wa - tina @ f ire2wire.com
N EWSLET TER
DeeDee Miletich, MAI
831/ 753 -18 44 FA X 831/424 - 5117
dmiletich @ agloan.com
N OMINATING
John A . Hillas, SR A
209 / 569 - 0450 FA X 209 / 569 - 0451
jhillas @ sierr avaluation.com
4
Newsletter of the Northern California Chapter of the Appraisal Institute
More
Members Page
Organizing
The 2005
Of Your Dreams
T
here is nothing like starting out any
new year by getting rid of the stuff
in your office that you don’t want to
carr y over into the next business year.
This is perfect timing for tuning up your
office to reflect the quality of business
and success you want in 2005.
Ready to make this your best year
yet? Check out: Easier Organizing for
the New Year and you’ll find new tips
to make the changeover from year- end
2004 faster and easier than last year.
Plus, doing the right things now will
make tax- time much less of a hassle
and means ever y year in the future
will go better as well.
Set up a Tax Box for all your 2004
tax documentation ASAP. While sorting
your mail put in all 1099s, W -2s, forms
and tax- related items. Pull last year’s
financial files (bank statements), busi ness or employment expenses (receipts)
and income (invoices) to add to your
tax box. This will become your Tax
Archive box when you’re done!
For the complete stor y and a new
one - page list of valuable resources for
streamlining your life that you’ll want to keep
handy, see http://www.organize.com /
OrgNewYear.pdf.
Eve Abbott, Organizer Extraordinaire
eveabbott@organize.com
510/528-4950
2004 Fall Conference Panelist
Central California
Branch Chapter / Local
Meeting Group
Networking Dinner
Monday, March 14
Toledo’s Restaurant
Fresno
Visit http://www.norcal ai.org/event.html for
registration details
What Does Membership in the
Appraisal Institute Offer?
E
stitute.org /membership /benef its.asp
ach month we will highlight some of the benefits available to Appraisal
Institute members. To view a complete list, visit http : //w w w.appraisalin
Organizational Affiliate Membership
NEW ! Appraisal Institute CCIM Organizational Af filiate Membership:
Appraisal Institute CCIM Organizational Affiliate Membership provides Appraisal
Institute members access to STDBonline, an online source of comprehensive
commercial real estate information and applications. STDBonline features an
integrated market analysis system that combines demographic information,
mapping technology and repor ting tools used in appraisal and consulting
assignments. Other features include market- analysis templates for multifam ily, retail, office and industrial proper ties as well as access to flood maps,
aerial photography and more. For an annual subscription of $ 350, STDBonline
puts critical and reliable information in one easy location – information that
you’d probably have to spend time locating in a variety of sources other wise.
For more information or to sign up for the Appraisal Institute CCIM Organi zational Affiliate Membership click here . If you have any fur ther questions
please contact STDBonline @ appraisalinstitute.org . [The Nor thern California Chapter will be featuring a 2- hour workshop on STDBonline on March 17
— w w w.norcal - ai.org /brochure /ccim - 031705.pdf.]
Real Estate Solution Software
Realm Software: The Realm Software offers a 10 percent discount off of the
regularly listed price on all new and additional licenses of ARGUS, DYNA, and
CONNECT. Argus will also grant an extra 10 percent off to those who complete
the Appraisal Institute’s course 810, Computer Advanced Cash Flow Modeling
or an approved Realm - sponsored ARGUS training course. For more information,
contact: http : //w w w.therealm.com , 469 /791-1000, info @ Realm.com .
P LE ASE NOTE , the benefits discussed in the program (s) above are for informational purposes only and may be subject to separate terms and conditions ef fective at the time the
member signs up to par ticipate with the company administering the respective program (s).
Members may be required to agree to separate terms and conditions by the company
administering the respective program (s) prior to par ticipating in the program.
2004 Chapter
President
John A. Hillas,
SRA, gives an
appreciation
plaque to
Board Member
Christina Way,
MAI, for her
service to
the Northern
California
Chapter.
IMHO:
February 2005
(In My Humble Opinion) is a column in which our mem bers have an opportunity to share their opinions and ideas.
Views expressed are those of the writer and are not neces sarily supported by the Appraisal Institute or its leadership.
Direct any comments or if would like to have your thoughts
presented in this column to lisa @ norcal - ai.org.
State of the SRA
A
s of the beginning of 2005, signifi cant changes occurred to Regulation
2; the requirements to earn admission
to SR A membership. These changes
are already a done deal and basically
mirror the requirements for the 2008
AQB standards for residential certifica tion, except that a one - day Business
Ethics course (formerly Course 420)
and a demo repor t are also required.
The Appraisal Institute is in the process
of developing and introducing new edu cational offerings to meet these new
requirements. (See char t below.)
Apparently gone is Course 500, the
week- long repor t writing course. The
only remaining difference is the dem -
Bruce M. Hahn, SRA
onstration report, which the Residential
Admissions Project Team (R APT) has
targeted for elimination later this year
(it will become optional) and replaced
with some sort of equivalent to be delivered during the 20 hours of elective
coursework noted in the char t. If this
change is made later this year, the only
difference between the SR A and state
cer tification will be the one - day busi ness ethics class plus a requirement
for an additional 500 hours of work
experience to be reviewed.
Sorr y, but I think this would be a
major mistake. I think the Appraisal
Institute has lost its way from its Vision
Statement:
AI Develops Educational Offerings to Meet New AQB Requirements
STANDARDS
CURRENT SRA
Requirements
2008 AQB
Hours
COURSE
15 Hour USPAP
15
EDUCATION
Business Ethics
8
200 Hours including USPAP
200
Residential Certification
15 Hour USPAP
200 Hours including USPAP
Basic Appraisal Principles
Basic Appraisal Principles
Basic Appraisal Procedures
Basic Appraisal Procedures
Res. Market Analysis & HABU
Res. Market Analysis & HABU
Res. App. Site Valuation/Cost
Approach
Res. App. Site Valuation/Cost
Approach
Res. Sales Comparison &
Income Approaches
Res. Sales Comparison &
Income Approaches
Residential Report Writing
Residential Report Writing
Statistics, Modeling and
Finance
Statistics, Modeling and
Finance
Advanced Res. Applications &
Case Studies
Advanced Res. Applications &
Case Studies
Plus 20 hours of App. Subj.
Matter Electives
Plus 20 hours of App. Subj.
Matter Electives
Hours
15
200
(to include a course that
replaces demo)
TOTAL EDUCATION HOURS
208
200
COLLEGE
DEGREE
Associate Degree
or 21 semester credit hours
Associate Degree
or 21 semester credit hours
DEMO
REPORT
Currently Required
(Proposed for change to
Optional Only)
None
COMP EXAM
Pass AQB Cert. Res. Exam
Pass AQB Cert. Res. Exam
APPRAISAL
EXPERIENCE
3,000 hours
2,500 hours
5
“To be the global authority providing
real estate solutions.”
Just changing the requirements
for the SR A to meet the revised AQB
requirements does not make us the
global authority. It seems to me to
have the opposite impact, watering
down our standard of excellence to
matc h a diminimus st andard. Just
how does meeting a minimum licensing
standard make SR A members anything
approaching an authority providing real
estate solutions?
I know that members of the R APT
will point out that new SR A designees
will be required to take all courses
from the Appraisal Institute, and that
is cer tainly a good thing. Nonethe less, I still don’t under st and how
such a close approximation of licens ing standards will allow the Appraisal
Institute to market a distinct advantage
to clients by hiring SR A members for
their exper tise, that sets them apar t
from cer tified residential appraisers,
when there is little, if any, difference
for the average client, or member of
the public, to perceive.
er tainly the SR A requirements
needed to be changed because
the 2008 AQB requirements exceeded
the old SRA requirements. But shouldn’t
the SR A requirements ( just like the
MAI requirements) set the Appraisal
Institute’s residential designees apar t
from all other appraisers? Maybe the
demo isn’t the tool needed to set mem bers apar t in today’s marketplace, but
let’s at least set some requirements
that provide members who earn the
designation some clear skills that set
them apar t from cer tified residential
appraisers, and clearly let potential
clients say “here is an appraiser that is
most qualified to authoritatively provide
the real estate solutions I need.”
I don’t see the public or potential clients
being able to make that distinction with
the current requirements, particularly if
the demo repor t is removed. Perhaps
we need to look at new methodology
and techniques that might be more
suited to today’s environment. Could
that be greater use of Appraisal Valu ation Modeling (advanced statistical
analysis not automated value models!)
to better analyze the large amounts of
data available to today’s residential
appraiser? Probably. Could the use of
GIS tools help residential appraisers
provide better analysis of larger amounts
of data? Possibly. Should these and
other advanced
 IMHO, page 10
C
6
Newsletter of the Northern California Chapter of the Appraisal Institute
Education
Basic
Condemnation
Course Comes to
the North Bay
C ONDEMNATION – B ASIC : Join Steve
Roach, MAI, on March 1-2, at the Uni versity of Phoenix in Novato when he
presents Condemnation Appraising: Basic
Principles and Applications. This two day course will provide par ticipants
with an understanding of the eminent
domain process, rules and regulations
governing condemnation appraisals
and impor tant issues unique to this
appraisal specialty. Through the use of
lectures, activities, and extensive prob lem - solving exercises, participants will
acquire the tools they need to address
issues such as the various valuation
rules used by different jurisdictions,
the identif ic ation and valuation of
the larger parcel and the estimation
of damages and benefits.
Topics covered
• Appraising proper ties acquired
by condemnation
• Introduction to the eminent domain
environment
• Role of the appraiser
• Larger parcel issues
• Valuation of the par t acquired
and the remainder
• Legal measurements of just com pensation
• Analysis of damages and benefits
to the remainder
This course is approved for 15 hours of ORE A (# 9875 4C 498) and
Appraisal Institute CEC. Designated
members of the Appraisal Institute
can obtain an additional hour of AI
CEC by successfully completing the
course exam.
Note: Basic education credit for
initial lic ensing /c er tif ic ation is not
available for this offering.
Tuition is $310 for Appraisal Institute
Members and $410 for Nonmembers.
For additional details and registration
information on this of fering please
visit
h t t p : / / w w w. n o rc a l - a i .o r g /
event .html .
Upcoming Educational Offerings
 Course :
Condemnation Appraising — Basic
Instructor: Steve Roach, MAI
Location: University of Phoenix, Novato
 Seminar :
Instructor:
Location:
Mar 1 - 2
Suppor ting Capitalization Rates
Mar 11
Gar y DeWeese, MAI
Carr America Conference Center, Pleasanton
 Course :
Mar 16 - 17
 Course :
Mar 18
 Course :
April 6 - 9
 Course :
April 14 - 15
 Course :
April 25 - 30
National USPAP 15 - Hour
Instructor: Stephanie Coleman, MAI, SR A
Location: For t Mason Center, San Francisco
Business Practices & Ethics
Instructor: Dawn Molitor- Gennrich, SR A
Location: For t Mason Center, San Francisco
Basic Appraisal Principles
Instructor: Craig Owyang, MAI
Location: University of Phoenix, Concord
Apar tment Appraisals
Instructors: Dawn Molitor- Gennrich, SR A
Location: University of Phoenix, Novato
Basic Income Capitalization
Instructor: Gar y DeWeese, MAI, and
Craig Owyang, MAI
Location: TBA
 Yes,
please provide me with registration information
on the above checked education programs.
Name
Phone
FA X
Email
There are three ways to receive advanced notification of
these upcoming education of ferings: u visit our website at
w w w.norcal - ai.org ; v call us at 925 / 932-7753; or, w fax this
page back to 925 / 932-7754. We reser ve the right to cancel or
substitute dates, locations and /or instructors as necessar y.
Interested attendees are encouraged to register at least one
month prior to the of fering to help avoid possible cancellation.
Supporting Capitalization Rates
Friday, March 11 Carr America Conference Center, Pleasanton
S
uppor ting Capitalization Rates focuses on practical ways to incorporate
judgment and market experience into the rate selection process. In fact,
the theme of this seminar is that a well - suppor ted capitalization rate is logi cally impacted by market activity, tested for reasonableness, and demonstrates
consideration by the appraiser of the relevant factors that affect the proper ty.
Working with realistic case studies, you will develop well - suppor ted, marketextracted capitalization rates that reflect specific economic and proper ty
characteristics. The strengths, weaknesses, and data requirements of various
methods will be identified to allow for the selection of the most appropriate
method for any given appraisal problem. Seminar instructor Gar y DeWeese,
MAI, will also demonstrate how the appraiser should apply skills and market
knowledge to check the rate for reasonableness.
Approved for 7- hours of Appraisal Institute and OREA (# 02754C724) con tinuing education credit. An application for 7- hours of SBE CEC for cer tified
proper ty appraisers has been submitted. Tuition $165 for Appraisal Institute
Members and $195 for Nonmembers. For additional details and registration
information on this offering please visit http://w w w.norcal - ai.org /event.html.
February 2005
7
Important Seminar News About
Fannie Mae Forms Program
F
or the past several months, the
Appraisal Institute has been working with Fannie Mae on the revisions
to several new forms including the
new UR AR (1004) form. Although we
expected the forms to be finalized and
released in the first quar ter of 2005,
the process has required additional
time and thus delayed the release date.
Through our effor ts and our commu nications with Fannie Mae we expect
the 1004 form to be released in April
2005, with a mandator y requirement
for use by lenders in October.
The Appraisal Institute is currently
developing classroom and online semi nars to provide appraisers with the
most up - to - date information about the
changes and new requirements in the
1004 form and other forms. Because
the changes to the 1004 form are sig nificant, these seminars will contain
President’s Message
from page 1
appraisal business (MAI & SR A).
Licensing has not been much of a success, and I’m
sure that all of us have encountered work from newer
licensees that hasn’t met muster, so to speak. There is
a dear th of truly qualified appraisers willing to mentor
and properly train new people into the profession. In the
long term, this is not a good thing for our profession. We
need a stable base of competent professionals to keep the
public’s respect and to meet the demands of clients that
seek our ser vices. How many of us have been willing to
take on the responsibility of training someone and ensuring the success of our profession, by helping a competent
colleague get a firm footing in the business, rather than
be surrounded by minimally qualified competitors in the
local marketplace?
February is Membership Month
F
or that matter, how many of us have employees or
contractors that work with us in our practice that are
not members of the Appraisal Institute? Why not insist that
they be members !?! Februar y is membership month and
this is a good time to ask them to join. Ef fective this year,
the $125 application fee for associate membership has
been waived (20 05 national and local dues still apply).
Now that you are going to insist that your employees
and contractors are members of the Appraisal Institute,
are there other appraisers that you talk with regularly that
aren’t members of our organization? Please encourage
them to join as well ! Ever yone will benefit. I’m convinced
that future success in the appraisal profession will depend
on the best education and skill sets available. I don’t
see these coming from any where but membership in the
Appraisal Institute.
One of many benefits of joining the Appraisal Institute
and the Nor thern California Chapter, are the George and
Alber ta Stauss and Nor thern California Chapter Residen tial Education Scholarships. If you are actively pursuing
the MAI or SR A designations and are a member in good
standing, hopefully you applied for one of these scholarships to help of fset the cost of the tuition for Appraisal
Institute courses.
the officially released form, which is
a critical document for the residential
appraisal community.
Watch for registration information
on the following Nor thern California
offerings:
Fresno – May TBA
Modesto – June 13
Pleasanton – June 15
San Jose – July 11
San Francisco – July 22
AI Keeps You Up to Date
A
lthough changes are occurring rapidly in the appraisal
profession, you can count on the Appraisal Institute
to keep you informed and up - to - date on the skills you will
need to meet these changes. Watch for major new programs
to include the Valuation for Financial Repor ting (VFR) curriculum which will begin to appear toward the end of the
year and during 2006. The Appraisal Institute is developing
new courses to prepare its members for this specialized
type of work, which will help provide new oppor tunities for
many of our members.
The Nor thern California
You can count
Chapter c ontinues to plan
on the Appraisal
specialized seminar and
workshop offerings to keep
Institute to keep
you informed of the latest
changes and how to make the
you informed
best of them. Considerable
and up - to - date
changes are also coming on
how education is delivered by
on the skills
the Appraisal Institute. Watch
for more information as the
you will need.
year progresses. Plan to attend
one of the three workshops
that will be presented on March 17th in Pleasanton. We
will present our ever- popular How to Become a Real Estate
Appraiser for those seeking to enter the profession. And
for the more seasoned appraisers we will be presenting
a workshop to learn about the CCIM Site to do Busi ness web site. Appraisal Institute members will be able
to access this CCIM site at a discount. In addition, the
third workshop will feature a presentation on Residential
Income Proper ties.
Approximately one - third of our members took the time
to complete the chapter’s on - line membership sur vey last
fall. A huge thanks to each of you. Your Board of Directors
has been reviewing the results which are also posted in the
new download section of the chapter’s web site — http :
//w w w.norcal - ai.org /dwnld.html . We are listening to what
you have shared with us. We are continuing to expand our
adver tising campaign to promote our members and the
value of our designations to prospective clients in allied
trade publications.
These are interesting times to be an appraiser. I’m
glad I belong to the Appraisal Institute. It would be ver y
difficult to understand and sur vive all the changes if I
wasn’t a member!
8
Newsletter of the Northern California Chapter of the Appraisal Institute
News From National
Governance
Restructure
Spells
Opportunity
N
ow that governance restructure
is a reality and implementation of
the new structure has begun, what will
this mean for chapters and grassroots
members? A lot of oppor tunities to:
• provide input
• influence the types of projects
the organization pursues
• af fect who ser ves in leadership
positions and
• of fer ser vice in areas where your
skills and knowledge will be used
to better the organization and
profession.
The structure is intended to be a
process where members at all levels
– from the grassroots to chapters,
re gi ons and nat i onal c ommit te e s
– are heard and set the direction of
the organization.
Strategic Planning. The Strategic
Planning Committee met in Chicago
Januar y 28 - 2 9 fo r t he f ir st t im e
this year (this group will meet three
times a year). It is developing a new
three - year strategic plan, a one - year
operating plan (for 200 6), and new
Vision and Mission Statements for
the organization. Ever y member is
encouraged to provide input for this
committee’s consideration. This can
include ideas or information relating
to industr y trends, future Appraisal
Inst itute ef for t s, s eminar s, public
relations, or anything you would like
to be considered for the 200 6 operat ing plan. One of the advantages of the
new structure is that we will be able to
receive and incorporate new thoughts
and ideas on an ongoing basis. Further, a formal process for gathering
member input will be rolled out during
the first quar ter of 2005. Suggestions
and c omment s c an be emaile d to
dgrass @ appraisalinstitute.org .
I d e n t i f y i n g L e a d e r s . A not her
oppor tunit y for member input is to
nominate indi v i duals to s er ve in
leadership positions. A project team
is developing a Leadership Resource
Registr y, which will enable the Lead -
ership Development and Nominating
Commit tee to pre - qualif y members
for ser vice based on the member’s
interests and experience. The Reg istr y will ser ve as an ongoing source
of individuals who are interested and
willing to ser ve as Appraisal Institute
volunteers.
The Leadership Development and
Nominating Committee will be calling
for nominations for members to ser ve
as: 1) Associate Member on the Board
of Directors (term to begin 2007); 2)
Chair, Strategic Planning Committee
(term to begin 2007); and six mem bers at- large on the Strategic Planning
Committee (three terms to begin 2006,
three terms to begin 2007). Chapters
should begin now to develop leaders
at the grassroots level to ser ve in
these areas.
If you have questions that relate
to the new governance structure, feel
free to contact President- Elect Richard
Powers, MAI, SR A; Legal Af fairs VP
Jeff Liskar; or Darlene Grass, Director,
Executive Administration.
February is
Membership Month
I
f you have any questions regarding
the program listed below, please
contact Wendy Woodburn, Manager,
Membership Services at 312/335 - 4191
or by email at w woodburn @ apprais
alinstitute.org .
Sponsor a Member Program. The
A ppr ais al Inst itute is of fer ing t he
member who has sponsored the most
members from October 2004 (Mem bership Appreciation Month) to May
2005, and his or her spouse a free
hotel stay and full registration to our
summer conference in Seattle, Wash ington, July 8 -10, 2005. Full member
registration includes up to 16.5 hours
of continuing education, President’s
Rec ept i on, Pre si dent ’s B anquet ,
Welcome Reception, break fast and
breaks. Spouse registration includes
President’s Reception, President’s Banquet, Welcome Reception, breakfast
and breaks.
Hotel stay is for three nights and
four days at the Sheraton Seattle.
Book Discounts. Also in conjunction
with Membership Recruitment Month,
the national office is offering members
a 20 percent discount on the follow ing four books. This discount is not
valid with any other of fer and is good
for online book purchases only. The
promotion code for these discounts is
REC05. Books can be ordered online
at http: //www.appraisalinstitute.org /
ecom /publications .
• The Appraisal of Real Estate, 12th
edition – now $48 (normally $ 60
to members)
• The Dictionar y of Real Estate
Appraisal, 4th edition – now $ 56
(normally $70)
• Appraising Residential Properties,
3rd edition – now $ 35 (normally
$44)
• Real Estate Valuation in Litigation,
2nd edition – now $ 35 (normally
$44).
2005
Spring
Conference
(Formerly Valley
Appraisal and Valuation
Conference)
May 17
University
of the
Pacific
Stockton, CA
Topics include
• New Fannie
Mae Forms
• Liability
insurance
• Mortgage Fraud
February 2005
9
Agenda for Associates
Associates’
Guidance
Program Set for
June 2005
in Napa
T
he Nor thern California and Sacra mento - Sierra Chapters are jointly
planning a weeklong Associates’ Guid ance Program for June 13 -17, at the
Napa Valley Marriott. This event will
include Ted Whitmer’s Comprehensive
Exam Review Workshop, the General
D e m o ns t r at i o n A p p r a i s a l Wr i t i n g
S eminar, p lus a wo r ksho p fe aturing the Directors of Screening and
Experience Screening who will answer
questions regarding the experience
review process, demonstration appraisal
repor ts and the comprehensive exam.
In addition, simultaneous residential
and general one - day seminars will
be presented on Friday, June 17 for
anyone seeking c ontinuing educ a tion credit for licensing /cer tification
renewal. Attendees will have the option
of selecting which programs will best
benefit them in their quest for desig nation. The week will conclude with
a net working social.
Help! I Have a Question
N
eed help under st anding the
requirements for designation
or a little nudge to get your demo
star ted? Confused about all of the
changes that have occur red sinc e
you became an associate member?
Fear no more! Contact the following
committee chairs for assistance:
Membership Development &
Retention
Anthony Mills, MAI, SR A
707/765 - 6246 FA X 707/765 - 9634
acmills1@ msn.com
Associates’ Guidance
— General
Anthony Mills, MAI, SR A
707/765 - 6246 FA X 707/765 - 9634
acmills1@ msn.com
Associates’ Guidance
— Residential
Nancy Townsend, SR A
510 /524 - 6469 FA X 510 /527- 6409
nancy @ townsendappraisals.com
Experience Review — General
Rich Labagh, MAI
650 / 843 - 0740 FA X 650 / 843 - 0742
rlabagh @ aol.com
Experience Review
— Residential
I
n addition, feel free to contact the
Member Ser vices Depar tment at the
National Office. The professionals who
staff this depar tment, are exper ts in
helping to determine your needs and
can help put you on the path toward
designation.
Comprehensive Exam
Carrie Vann
312/335 - 4189
cvann @ appraisalinstitute.org
Katie Powell
312/335 - 4187
kpowell @ appraisalinstitute.org
Associate Records
Dorothy Williams
312/335 - 4172
dwilliams @ appraisalinstitute.org
Experience Review
Marilyn Moore
312/335 - 4173
mmoore @ appraisalinstitute.org
Harriet Kudlacik
312/335 - 4157
hkudlacik @ appraisalinstitute.org
Status/Demo Reports
Nancy Morales
312/335 - 4177
nmorales @ appraisalinstitute.org
Peggy Darnall, MAI, SR A
510 /452- 4477 FA X 510 /452- 4230
Margaret Latimore
312/335 - 4174
mlatimore @ appraisalinstitute.org
Associate Update —
New Email
M a rch M adn e s s
Corina Rollins
corinarollins @ comcast .net
3 Informative Workshops and
Networking Social
General
Comprehensive
Exam
F
or those planning ahead, the August
2005 Comprehensive Exam will be
presented on August 22- 23, 20 05.
Location to be determined.
Thursday, March 17
Sheraton Four Points, Pleasanton
How to Become a RE Appraiser
CCIM STDBonline
Small Residential Income Property Appraisal Reporting
Come for the information —
Stay for the networking
More details available at
http://www.norcal - ai.org/brochure.html
•
•
•
10
Newsletter of the Northern California Chapter of the Appraisal Institute
Important Update on the SRA Demo Requirement:
Attention SRAs and
Residential Associate Members
T
he changes to the SR A designation
requirements that were proposed
by the Residential Admissions Project
Team (R APT) last year were approved
by the National Board of Directors in
November 2004. The main issue that
remains undecided is the Demonstra tion Appraisal requirement. The R APT
committee is in the process of deciding
whether to eliminate or establish an
alternative to this requirement. The
next meeting of this committee is in
April 2005, and the goal is to pres ent a solution to the National Board
of Directors in November 20 05 for
their c onsideration and vote. It is
expected that there will be oppor tu nities for exposure and membership
comment on the proposed plan prior
to November 2005.
If you have any questions or con cerns regarding the proposed change
IMHO
from page 5
tools be considered as ways to set the
SRA as an authority on residential real
estate solutions? DEFINITELY.
Will the changes already made, and
the probable removal of the demo report
requirement, make appraisers flock to
the SR A designation in numbers like
we haven’t seen in over a decade?
I don’t think so. I think the problem
is the market doesn’t recognize the
need for the designation in 9 0% of
all residential appraisal situations
today. Just like any appraisal prob lem we tackle, we need to define the
problem the SR A designation faces,
before we can find a solution to the
problem. These solutions will come
from the proper definition, which will
include a focus on just what clients
(par ticularly lenders since they make
up the majority of residential appraisal
clients) really need from realty valua tion professionals in today’s market. I
believe that once this problem defini tion is clearly set, that we will readily
see that just providing an approximate
mirror of licensing requirements, and
applying the SR A label, is definitely
not the solution.
Personally, I’d like to see both the
MAI and SR A designations continue
to the SR A demonstration appraisal
repor t requirement, you are free to
contact the members of the R APT
committee at any time. Their contact
information is presented below. R APT
will randomly survey Institute members
in late Februar y and March 2005 for
their input on this issue. If you like
to be included in this sur vey, contact
Scott Robinson, MAI, SRA. 2005 RAPT
Committee Members include:
Mar y Green, SR A (Co - Chair)
316 / 943 - 4288 FA X 316 / 943 - 9911
Mar y @ GreenAppraisals.com
Scott Robinson, MAI, SR A
(Co - Chair)
704/ 636 - 4151 FA X704/ 637- 6082
arobinsonassoci @ carolina.rr.com
Carol Chirpich, SR A
949 /458 - 6579 FA X 949 /455 - 9249
carol @ cchirpich.com
to live up to the Appraisal Institute’s
Mission Statement:
“As America’s largest real estate
appraisal organization, the mission of
the Appraisal Institute is: To suppor t
and advance its members as the choice
for real estate solutions and to uphold
professional credentials, standards of
professional practice and ethics con sistent with the public good.”
I don’t see how the removal of the
demo repor t, given the other require ments close approximation of the AQB
requirements, will allow the SR A des ignation to live up to the Appraisal
Institute’s Mission Statement. Or, am
I missing something? If we correctly
d ef i n e t h e p r o b l e m, a n d p r ov i d e
changes to the designation require ments that create skill sets that the
market needs and wants, appraisers
will once again choose to earn the
SR A designation in numbers, just like
they used to when the market of users
saw value in the designation.
f you feel strongly, like I do, about
the impor tance of maintaining the
standard of excellence of the SR A (as
well as the MAI) designation, I would
encourage you to contact members of
the R APT team that are listed above
and let them know of your opinions.
You should also voice your opinions
to the t wo Region I members of the
Board of Directors (Eric Grif fin, MAI
I
Alan Hummel, SR A
515/221- 9810 FA X 515/221- 9814
ahummel @ hummelgroup.com
Jim Jacobs, SR A
903 / 870 - 6011 FA X 815/461- 3269
jejacobs @ jacobsappraisals.com
Carl Velie, SR A
386 / 677- 4080 FA X 386 /274 - 4580
I
velieappraisal @ cf l.rr.com
f this issue is impor tant to you, now
is the time to speak up. Concerned
members are also encouraged to share
their thoughts with the chapter’s leadership. Contact information can be found
on page 2 or on our webiste at http :
//www.norcal-ai.org/officer.html. Leadership of the Nor thern California feels
that this issue is so impor tant that we
will be conducting our own local focus
groups in March to insure that your
voice is heard at the national level.
If you are interested in par ticipating
in a focus group please contact Lisa
Estes at lisa @ norcal - ai.org .
and Craig Ow yang, M AI) who will
ultimately vote on any proposal to
r e m ove t h e d e m o nst r at i o n r e p o r t
from the SR A designation require ments. ( For additional infor mation
and a far more eloquent analysis
of t h e c ha n g e s r e c e nt l y m a d e to
the SR A designation requirements,
I would suggest that you reread the
IMHO on page 5 in the October 20 04
newsletter at http://www.norcal-ai.org/
newsletters/1004.pdf by Anthony Mills,
MAI, SR A).
Join the
Chapter’s
Group Email
Distribution
E
m ail is one of the quickest
and most effective ways that
the Chapter can communicate with
you. Chapter members who do not
currently belong to the chapter’s group
email, are encouraged to send an
email to lisa @ norcal - ai.org so that
you too can stay informed of chap ter events and issues that relate to
you, the professional appraiser. In
addition, the group email provides a
wonderful forum for chapter members
to exchange information.
February 2005
11
Legislative Update
Government Relations Subcommittee Report
Y
our statewide Government Relations
Subcommittee, the CSGRS, held its
bi -annual meeting in Sacramento on 1127- 04. The OREA Acting Director, Tony
Majewski, was able to meet with the
committee for a couple of hours.
We hope that you will join us in
thanking Mr. Majewski for operating
his depar tment as well as he does
with reduced staff and under the cloud
of the California Performance Review
Report (CPR). The OREA staff of 25
should be adequate when the application
volume declines, but is not currently
sufficient. The OREA is operating with
a high volume of applications (new and
renewing) and the smallest staff it has
had since the office opened in 1991
(not counting the early days of orange
crates for desks).
The CPR, the result of a top to bottom
review of state government ordered by
Governor Schwarzenegger, calls for the
elimination of the OREA as an independent
office. The CPR calls for elimination of
the OREA director and the DRE director
(Department of Real Estate), requiring
these two agencies to report to the
same department head. There would
be a Division of Real Estate Services
headed by a secretary. No one knows
what positions, who or how long it will
take to implement the recommendations
of the CPR. There is also the problem
that Federal requirements prohibit the
same person (department) who licenses
appraisers from having control over other
real estate licensing functions (Policy
Statement 10).
Director Majewski gave us the
following snapshot information about
licensing:
• there are approximately 16,500
licensees at present, about 35%
of which are trainees
• there were about 6,0 0 0 initial
applications each year for 2003
and 2004
• there are a few hundred upgrade
applications each year
• there is a backlog of 400 to 600
initial applic ations at any one
time
• there is a 90% renewal rate at all
license levels
• the average age of the initial
applicant is 41.9 years
• less than 50% of trainee applicants
complete the requirements and get
a license
• there was a 42% pass rate on the
initial licensing exam in 20 03 2004
• license renewals are taking 70 to
76 days on average to process
• new applications are taking 87
days on average to process
• licenses are issued 2 days per
week with priority given renewal
applications
When a license expires, it comes
off the OREA system immediately. The
National Registry is also notified of the
license expiration. When an appraiser
is taken off the National Registry, the
appraiser c an no longer c omplete
reports for federally related transac tions (FRT).
When you are renewing your state
license, allow adequate time for
processing. The OREA sends you
a renewal notice 6 months prior
to your renewal date. They need
at least 90 days to process. We
urge you to submit your applica tions promptly!
Director Majewski gave us the following summary information about current
enforcement actions:
• there are 220 cases and 7 inves tigators
• the c ases are bec oming more
c omplex and therefore taking
longer to resolve
• there are about 50 cases open
over 12 months
OREA is receiving a growing number
of complains about vacant land appraisals. Most complaints are filed against
single -family residential reports, and
are usually about value issues. These
residential complaints have typically been
through a review before being submitted
to OREA. Complaints regarding forged
signatures are also being received. It
has been reported that some apprais ers operating with trainee licenses are
hiring certified appraisers to work for
them having the certified appraiser sign
off on the reports.
On other matters, the CSGRS continues to look for answers to improve our
licensing system. Among other issues,
we are concerned about the inability of
trainees to find positions with licensed
appraisers. We are asking for an opinion
from our National office as to whether
SB1, a California measure that passed
last year that specif ic ally exempts
appraisers from the privacy disclosure
notices required by the Gramm - Leach Bliley Act of 1999 (GLB), does in fact
exempt us. We will let you know as soon
as we receive that decision. We are
continuing to track current legislative
proposals for their potential impact on
our profession.
member brought to our committee
a complaint about a steep increase
in his workman’s compensation insurance. It was not clear if this was an
individual occurrence or the result of
a re - classification. Mike Belote, our
lobbyist with California Advocates, is
looking into the matter.
CSGRS also heard a complaint from
a member in Merced about a recently
implemented business license tax. It was
determined that Merced, or any city or
county, has the authority to implement a
tax so as long as the appraiser’s prac tice is within their jurisdiction.
Below is the elected 2005 CSGRS
leadership:
Chair: Carole Laval, SR A
(Northern California Chapter)
Vice Chair: Steve Wardwell
(Sacramento - Sierra Chapter)
Treasurer: Jon Cox
(Southern California Chapter)
Secretar y: Bruce Willmette, MAI
(Northern California Chapter)
Ex- Officio: Dave Yerke,MAI
(San Diego & Reno - Carson Tahoe Chapters)
Your CSGRS dues for 20 05 will
remain at $13.75 per member per
year, or $1.15 per month. Our 2005
projected budget is $30,225. Our pri mary expenses are the payment for our
legislative representative, Mike Belote of
California Advocates, Inc., and required
tax preparation and filings. We have
budgeted minor amounts for meeting,
copying, and postage expenses. These
expenses accounted for less than $400
in 2004.
Please contact me regarding leg islative matters that affect you as a
professional real estate appraiser. We
welcome your comments and sugges tions, and the inclusion of new committee
members.
Carole Laval, SRA
2005 Chair,
California Government
Relations Subcommittee
A
12
Newsletter of the Northern California Chapter of the Appraisal Institute
Februar y 20 — March 19, 2005
Upcoming Programs & Events at a Glance
Sun
Mon
Tu e
We d
Th u
Fr i
S at
FE B 2 0
21
22
23
24
25
26
2
3
4
5
10
11
12
Gen Comp Exam — Oakland
27
28
MAR 1
Condemnation – Basic — Novato
6
7
8
9
Cap Rate
Seminar
— Pleasanton
13
14
Central
Cal Dinner
— Fresno
2005 Chapter Officers
P RESIDENT
Bruce Hahn, SR A
Landmark Valuation
2081 Stratton Road
Walnut Creek, CA 94598 - 2353
925 / 932- 4044 FA X 925 / 932- 48 44
bruce @ landmark valuation.com
V ICE P RESIDENT
Claudia Carleton, MAI
Hulberg & Associates
One Almaden Boulevard, Suite 70 0
San Jose, CA 95113
408 / 279 -1520 408 / 279 - 3 428
claudia @ hulberg.com
TREASURER
Robin J. Erdmann, MAI
The Robin Erdmann Group
Real Estate and Land Use
Economic Consultants & Appraisers
1885 Falcon Ridge Drive
Petaluma, CA 9495 4
707/ 766 - 8313 FA X 707/ 766 - 83 43
robinerdmann @ comc ast .net
S ECRETAR Y
Steven Castellanos, MAI, SR A
Bank of Stockton
Post Of fice Box 1110
Stockton, CA 95201
209 / 929 -1441 FA X 209 / 929 -1394
sc astellanos @ bankofstockton.com
C HAP TER O FFICE
1243 Alpine Road, Suite 102
Walnut Creek, CA 9459 6
925 / 932-7753 FA X 925 / 932-775 4
w w w.norc al - ai.org
Executive Director
Lisa M. Estes
lisa @ norc al - ai.org
Administrative Assistants
Pat Moore
pat @ norc al - ai.org
Alex Long - Smith
alex @ norc al - ai.org
Library Hours by Appointment
15
16
17
National USPAP 15 - Hour
— San Francisco
Chapter
Workshops &
Networking
Social
Board Meeting
— Pleasanton
18
19
Business
Practices &
Ethics — San
Francisco
Appraisers Wanted
Northern California/Bay Area. Commercial Appraiser position available at a growing commercial
firm. Must be thorough, detail oriented, motivated, computer literate, and have strong writing skills.
Certified State License required. 5+ years experience. MAI or actively seeking designation. Must have
commercial experience. Contact: Jeffrey Fillmore, MAI at 1062 Willow Street, San Jose, CA 95125,
408/299-0444, FAX 408/299-0449, e-mail your qualifications to: jfillmore@fillmoregroup.com.
Designated or Senior Commercial Appraisers Wanted. CBRE Valuation and Advisory Services
is looking for experienced commercial appraisers for our Northern California offices. Appraise high
profile property types throughout the Bay Area, work with a sophisticated local and national client
base, and significantly increase your billings utilizing our cutting edge technology and large library of
data sources. Additionally we provide appraiser trainees to qualified candidates. Email your resume
to Robert.Hensley@CBRE.com or call Rob Hensley, MAI, at 415/986-7940.
National Appraisal Firm Located in Walnut Creek seeks a commercial appraiser with at least two
years of experience to join a fast-paced, professional office where you are given excellent technical
support and data resources. Qualified candidates are quality-oriented and proficient in MS Word and
Excel (Argus experience desirable). Competitive fee splits and benefits offered. Please email your
resume to Diane Nowak, MAI, Joseph J. Blake and Associates at dnowak@blakeglobal.com.
Commercial Appraiser. Integra Realty Resources-San Francisco seeks experienced appraisers to
perform Bay Area narrative assignments. Strong writing and analytical skills and proficiency with Word/
Excel are required. Argus experience preferred. Must have certified general license. Compensation
plan includes base salary with attractive fee splits, medical/dental and 401k plan. Appraisal classes,
AI dues and state license fees paid by firm. Email letter of interest and resume to Virginia Lammers,
HR Manager at vlammers@irr.com. Learn more about Integra at www.irr.com.
Commercial Real Estate Analyst / Appraiser Position Available. Montgomery Wilshire Capital
is a fast growing commercial mortgage bank specializing in apartment, commercial property, and
structured finance loan transactions. We are seeking to hire an Analyst/Appraiser. We are looking to
hire a detail oriented, energetic, person who wants to learn more about the commercial real estate
mortgage lending market and gain commercial appraisal experience. Please fax resume to 888/5408436 attention Michael Stoneman, MAI.
Classified Guidelines & Deadlines
The newsletter submission deadline is noon on the 5th of the preceding month. All submissions
for the April 2005 issue must be received by noon on March 5. We reserve the right to reject or edit
classified ads. Ads are limited to 40 words. A $40 publishing fee must accompany submission from
non-affiliates. Advertising is complimentary for AI members and affiliates. Ads will be printed on a
space available basis. The Appraisal Institute assumes no responsibility for the reliability of ads other
than to publish them. Submit ads via email to lisa@norcal-ai.org