12A — September 13 - 26, 2019 — Southern NJ Chapter Appraisal Institute — M id A tlantic
Real Estate Journal
www.marej.com
Southern New Jersey Chapter www.ai-snj.org Telephone 856-415-0281 • Fax 856-415-1952
A Note from the Nat’l Meeting By Joshua D. Garretson, MAI, AI-GRS, AI-RRS
This year’s Appraisal Institute Annual Conference in Denver was a great time. Denver is a great city and the event was a great opportunity to network with other appraisers and vendors. I saw some old friends and I even won a drawing for a laptop bag! The educational offerings consisted of great breakout sessions and you get to pick which topics you want to attend. The breakout sessions consisted of a variety of topics and deciding what to take was not easy. Being in Denver, there were also a presentation about Marijuana and its impact on Real Estate. One of the highlights for me was a presentation about Transferred Value, presented by Ted Whitmer. It was about the gap between cost and value the day a building is built and how the value can transfer to something that may not be real estate (such as to a person, to a community, or to an intangible asset, etc.). Ted is an excellent presenter and I’d highly recommend coming to see him for our September Symposium on September 19! Joshua D. Garretson, MAI, AI-GRS, AI-RRS has been elected to the Appraisal Institute’s Board of Directors serving as a Third Director for the first year, beginning in 2020. The five-year commitment at the national level automatically rolls the elect into the position of region vice chair in years two and three, and then into regional chair in years four and five. Garretson, as part of this leadership team, will be instrumental in guiding various programs and projects throughout the next five years, including oversight of the organization’s objectives as well as monitoring the continuation of the Appraisal Institute’s educational programs, legislative affairs, public relations outreach, AI individual benefit services and international expansion. Joshua has worked as an appraiser specializing in agricultural real estate in Southern New Jersey for over 12 years. He graduated from Pennsylvania State University with a Bachelor of Science in Finance and a minor in Economics. He joined the Appraisal Institute when he began his appraisal career in 2007 with Farm Credit East, formerly First Pioneer Farm Credit. Now a Senior Appraiser at Farm Credit East, Joshua specializes in valuing land and agricultural properties throughout Southern New Jersey. He has also appraised various other specialized property types including cold storage, food processing facilities, apartments, and office buildings. In addition to valuing real estate, he is also responsible for the man- agement of all collateral in the branch portfolio, which includes a variety of vehicles, machinery, specialized equipment, and other chattel. He handles the ordering and reviewing of outside appraisals for the branch, and completes appraisal reviews in Farm Credit East’s offices throughout the northeast. In addition to the MAI, AI-GRS, and AI-RRS designations, Joshua also has an Accredited Rural Appraiser (ARA) designation with the American Society of Farm Managers and Rural Appraisers (ASFMRA). Joshua has served the Southern New Jersey Chapter of the Appraisal Institute as a Director, Vice President, President, and as Past President. He has previously served on the Appraisal Institute’s National Governance Structure Project Team and is currently serving on the National Admissions and Des- ignation Qualifications Committee. CONGRATULATIONS, JOSHUA D. GARRETSON, MAI, AI-GRS, AI-RRS!
LDAC Summary By Michael Descano, MAI
It was an honor and a privilege to participate for a second year at the Appraisal Institute’s Leadership Development and Advisory Council (LDAC). This is the most rewarding event the Appraisal Institute offers and I strongly encourage our chapter leadership to participate in upcoming years, if possible. Over 100 Appraisal Institute chapter leaders and members from across the country, including Puerto Rico, Hawaii and Alaska, participated in the 2019 lobbying and round table discussions event in Washington DC. We visited Capitol Hill to discuss appraisal regulatory modernization and housing finance reform. There were four primary concerns this year: 1. State-by-state portability/layering effect
2. Federal regulations 3. Federal agency rules 4. Uneven playing field We also participated in forums facilitated by discussion leaders on key issues including:
1. How do we set ourselves apart and message effectively to clients (the appraiser and the appraisal)? (Discussion Leader: Erik J. Hanson, MAI) 2. Increasing thresholds, alternative products, waivers: how can AI help appraisers adapt to the new environment and position our members to be at the front of the line? (Discussion leader: Lisa M. Meinczinger, SRA, AI-RRS) 3. Education: What is the best way to deliver it? How do we capture more? What are we doing well? What can we do better? (Discussion Leader: Robert L. Moorman, MAI, SRA, AI-GRS) 4. How can chapters maximize value to members? (Discussion Leader: Eric C. Schneider, MAI, SRA, AI-GRS) I believe it is our duty and responsibility to take an active role regarding pending legislation that may impact the health and longevity of our profession. Lobbying at a state level as well as on Capitol Hill is necessary. Failure to do so can negatively impact our profession with potentially long lasting consequences. Upcoming Events www.myappraisalinstitute.org/education/southernNewJersey September 19: September Symposium, Adelphia Restaurant, Deptford October 3: Solving Land Valuation Puzzles, NJ DOT, Ewing (7 hrs) October 8: NJ Regs, Jimmy’s American Grill, Bordentown (2 hrs) December 11: Topics for NJ: New Jersey Regs & Demographic/Economic Trends Affecting Real Estate Demand, NJ DOT, Ewing (7 hrs) SAVE THE DATE: November 14 --- Chapter Dinner Meeting & Seminar (2 CE hrs), Adelphia Restaurant Note: We will be offering USPAP in December (Date TBD)
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