14B — October 11 - 24, 2019 — Southern New Jersey — 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
Education Offerings Highlighted by September Symposium Dozen of interested appraisers attended the 23rd Annual September Symposium, held on September 19th at the Adelphia Restaurant and Conference Center in Deptford. Attendees certainly found the day to be well worth it! The morning session topic was Raise Your Appraiser IQ , presented by Ted Whitmer, MAI, AI-GRS. This seminar was designed for residential & commercial real estate appraisers to provide better tools of analysis & communication of the analysis to comply with USPAP, client and industry standards. This included discussions on logic, careful thinking, how to distinguish facts, opinions, conclusions & analysis. They discussed logic, careful thinking, how to distinguish facts, opinions, conclusions, and analysis. Attendees also discussed the difference between “proof” & “support” as well as the difference between “correlation” & “causation.” The seminar highlighted “pairing sales” and regression analysis along with alternative support methods. At the conclusion, attendees were proficient at not only including the required facts and data needed in a report, but also the evidence of analysis & conclusions with support needed to satisfy regulatory & client requirements. TedWhitmer, MAI AI-GRS, is an appraiser, attorney, instructor, asset manager and consultant. He holds the MAI and AI-GRS designations from the Appraisal Institute and has taught many courses and seminars for the organization. He is a CRE and CCIMmember of the National Association of Realtors, a licensed broker and general certified appraiser. He is also a member of the Real Estate Counseling Group of America. Education includes South Texas College of Law with a degree (J.D.) from the University of Houston Law Center, an M.B.A. (Finance) from Texas A&MUniversity and a B.A. from Stephen F. Austin State University. Mr. Whitmer taught full time at Stephen F. Austin State University in the Finance Department, as an adjunct at Texas A&M University (graduate course in real estate appraisal) and as an adjunct at the University of Houston and San Jacinto Jr. College. Recent lectures were at the Southern California Legal Conference, the State of Texas Bank Examiners, Appraisal Review Board training, the Association of Appraisal Districts, Oil & Gas Tax Symposium and CLE Eminent Domain Conferences in Austin & Houston. He was a founding director and Chairman of the Board of Brazos Valley Bank, NA. Current employment includes representing appraisers in the disciplinary process with the Texas Appraiser Licensing & Certification Board (previously served on the TALCB as vice-chair), lecturing and consulting all related to real estate appraisal. Mr. Whitmer has authored many seminars and the Comprehensive Appraisal Workshop, which is a review for the comprehensive exam for the MAI designation. The afternoon session was a State of the Industry Report .
Ted Whitmer, MAI, AI-GRS
Anne Klein of Newmark Knight Frank
This gave a practical look at forces driving real estate performance. The seminar included how you can identify & analyze market forces, use creativity, insight, & market-supported info to determine the impact on property values. Our panel of women in the industry focused on the Office, Retail, Industrial and Residential Markets. Panelists included: • Michele Guest, RE LINC Real Estate Group (residential) • Anne Klein, Newmark Knight Frank (office) • Monica Walsh, Vantage Real Estate Services (retail) • Cindy Weiner, The Flynn Company (industrial) Then, Gerard Velazquez from the Cumberland Co. Improvement Authority spoke on real estate development in Cumberland County. This was a good snapshot to what is going on throughout the area in regards to redevelopment zones throughout the state. He also discussed working on building an arts district, central business district, food technology hub, and redeveloping areas of agriculture & other opportunity zones. Another September Symposium will be held in 2020; look for more information in upcoming months. OTHER UPCOMING EVENTS WITH THE SOUTHERN NJ CHAPTER OF THE APPRAISAL INSTITUTE! Nov. 14: Chapter Dinner Meeting/Seminar (2hrs), Adelphia Dec. 9: 7-hour USPAP Update, Adelphia Dec. 11: Topics for NJ: New Jersey Regs & Demographic/Economic Trends Affecting Real Estate Demand, NJ DOT (7 hrs) The Appraisal Institute is a global professional association of real estate appraisers, with nearly 18,000 professionals in almost 50 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. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. For more information regarding the Southern New Jersey chapter, contact Lisamayweiss@hotmail.com, visit our Web site at www.ai-snj.org or www.appraisalinstitute.org.
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