10B — July 11 - 24, 2014 — New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
Southern New Jersey Chapter www.ai-snj.org Telephone 856-415-0281 • Fax 856-415-1952
n Tuesday, June 3rd the Southern New Jersey Chapter of the Appraisal Institute hosted its 10th Annual Seminars at the Shore. “As the real estate appraisal education leader in Southern New Jersey, it is important for us to make offerings available through- out our region,” said Chapter President Jake Ramage, MAI . “This is a great location with one of Seminars at the Shore, licensing package highlight educational offerings O
Southern NJ Chapter Appraisal Institute 2014 Chapter Officers
President Jacob Ramage, MAI jake.ramage@cushwake.com VP Michael S. Sapio, MAI Treasurer Albert Crosby Secretary Edward T. Molinari, SRA Director (Term through ’16) Michael Descano Director (Term through ’16) Samuel Levi, MAI Director (Term through ’15) Errett Vielehr Director (Term through ’15) Robert Kirwan, SRA Director (Term through ’15) Jackie Marmur Director (Term through ’15) Timothy W. Sheehan, MAI, SRI Director (Term through ’14) James Carr Director (Term through ’14) Joshua Garretson
our best instructors. We can’t go wrong with this!” And Presi- dent Ramage was right: nearly 30 people enjoyed the event… and learned at the same time. The 7-hour seminar, Com- plex Litigation Appraisal Case Studies, was instructed by Val Pasquarella, Jr., SRA . “I was very excited to bring our USPAP instructor and friend Val to Atlantic City to instruct a class,” said Chapter Vice President Michael S. Sapio, MAI . “This Appraisal Institute seminar is not offered often, so it was a great opportunity to have a great seminar with a great instructor.”
Atlantic City’s Golden Nugget once again hosted the Chapter’s annual Spring event.
Based on the Appraisal Institute’s new textbook Applications in Litigation Valuation: A Pragma- tist’s Guide, this seminar discussed in detail three of the book’s case studies that provide an overview of litigation strategies to appraisers who are new to litigation work, as well as a reinforcement of litigation skills to more experienced appraisers. Case study topics included the following: title issues, continuing nuisance, and condemnation. Upon completion of the seminar, participants are be able to: Identify important issues specific to litigation valuation assignments; Evaluate competency as it relates to litigation assignments; Recognize an appropriate scope of work for complex litigation appraisal problems; Understand litigation valuation; Identify appropriate valuation techniques for litigation assignments; Develop an engagement letter for phased litigation assignments; Identify best practices for preparation of demonstrative evidence; Identify best practices for direct testimony. Throughout the cold brutal winter, the chapter offered the first classes for beginner appraisers: Basic Appraisal Principles, Basic Appraisal Procedures, and the National Uniform Standards of Professional Appraisal Practice (USPAP) 15-hour course. All of the classes somehow dodged all the
bad weather that was thrown at us this winter, and went off without a hitch! More classes for these students will be of- fered in the upcoming months. The next educational offer- ing for the chapter is the 19th Annual September Sympo- sium. This event will be held on Wednesday, September 10, at the Crowne Plaza, Monroe Township. More information will be coming soon. The Appraisal Institute is a global association of real estate appraisers, with more than 23,000 valuation professionals
Edward Molinari, SRA, instructed both Basic Appraisal Principles and Basic Appraisal Procedures.
in nearly 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Appraisal Institute professionals benefit from an array of education and advocacy programs, andmay hold the prestigious MAI, SRPA and SRA designations. Learnmore at www.appraisalinstitute.org. The SouthernNJ Chapter holds 4 dinnermeetings a year: January, April, September and November. All except the January meeting include 2-3 continuing education credits. This is a wonderful way to meet your CE requirement and talk to new and old friends and colleagues. For more on the Southern NJ Chapter, email lisamayweiss@hotmail.com. n
President Ex Officio Jerome McHale, MAI
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