Inside Cover D — October 16 - 29, 2020 — Financial Digest — M id A tlantic Real Estate Journal 22B — N mber 13 - December 10, 2020 — Southern N w Jersey — M id A tlAntic Real Estate Journal

www.marej.com w .marej.com

Southern New Jersey Chapter www.ai-snj.org Telephone 856-415-0281 • Fax 856-415-1952

Chapter Highlights MAI Members

Knowledge. Experience. Integrity. Look for the designated difference in real estate appraisal and consulting. Risk and return. The stakes are always high in real estate investments. That’s why real estate analysis and appraisal services are always critical. It’s also why you should always use an Appraisal Institute designated professional. The MAI designation behind my name stands for advanced knowledge. For years of proven real-life real estate valuation experience.

And for a commitment to strict professional ethics and standards. MAI. The designated difference behind a name you can trust.

Featured MAI Member: Charles A. McCullough, MAI, AI-GRS McCullough MAI CPA LLC is a full-service real estate

and business valuation company that also provides accounting and tax services. 609-832-2102; mcculloughmai@cpa.com; www.camcpavalue.com.

Featured MAI Member: Michael A. Descano, MAI

Michael A. Descano, MAI, is the Principal Appraiser/Owner of M. Descano Real Estate Solutions located in Cherry Hill, NJ. He is a Certified General Real Estate Appraiser in both New Jersey and Pennsylvania and is experienced in the valuation of a wide variety of commercial, industrial, residential, and agricultural use properties. Michael has served the chapter in many capacities including board member, chair of programs, chapter secretary, and currently serves as the chapter treasurer. Michael is the fourth generation Descano in the real estate business. His Great Grandfather was one of the first Italian-American Real Estate business owners in the Delaware Valley, owning a full service real estate office located at Broad and Reed Streets in Philadelphia, PA. Michael is proud to say quality service is a tradition passed down through the generations and he strives to keep this tradition alive!

Michael Descano, MAI, serves the chapter as 2020 & 2021 President. He is seen above, with 2020 Appraisal Institute President Jefferson L. Sherman, MAI, AI-GRS.

Appraisal Organizations Join Forces to Support Training, Ethics to Combat Bias In October, the Appraisal Institute, the American Society of Appraisers, the American Society of Farm Managers and Rural Appraisers and the Massachusetts Board of Real Estate Appraisers announced their collective support for the development of additional training that addresses unconscious bias in valuation, and for each organization to individually review its Code of Ethics and other governing documents to further ensure awareness and compliance among its membership and the valuation profession as a whole. “During this important time in our nation’s history, our organizations stand together to enhance existing training and ethics initiatives and work even harder to ensure that the appraisal process is free of bias or discrimination of any kind,” said Appraisal Institute President Jefferson L. Sherman, MAI, AI-GRS. Specifically, the professional organizations pledge to develop training programs for appraisers covering unconscious bias issues, helping to increase awareness by connecting the appraisal community with thought leaders on bias and discrimination. Each of the organizations also commit to take steps to enhance their respective Code of Ethics to more firmly or overtly address bias and discrimination issues with protected classes. The professional organizations have frequently worked together this year, collectively addressing COVID-19 pandemic appraisal issues and policy issues facing the valuation profession. The Appraisal Institute is a global professional association of real estate appraisers, with over 17,000 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 In- stitute 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. Learn more at www.appraisalinstitute.org. The Southern NJ Chapter of the Appraisal Institute has over 150 members. We are the home to appraising professionals in the following counties: Burlington, Camden, Gloucester, Salem, Atlantic, Cumberland, Cape May, Monmouth, Mercer and Ocean. Our members perform a variety of services ranging from single family valuation to feasibility studies for regional malls and hotel-casinos. Whether it’s assistance on a home purchase or providing expert testimony for litigation, Appraisal Institute members are uniquely qualified to meet these needs. Visit www.ai-snj.org for more information on the Chapter.

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