10A — November 8 - 21, 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
Galderisi Earns AI-RRS Designation
Effective October 4th, Sherrie Lisa Galderisi earned her AI-RRS designation. The AI-RRS designation is aimed at providing professional residential re- viewers with the knowledge and skills needed to satisfy issues related to due diligence and risk management often requested by their employers and clients. Sherrie has worked as an appraiser since 2005. She attended Morris County Community College, then continued at William Paterson College and Black Stone Real Estate Law. She joined the Appraisal Institute in 2006 and worked under Metro’s chapter president Michael Hedden in 2008. She then moved to Southern New Jersey and continues to keep involved with the Southern NJ Chapter and served as one of the board members (2015-2017) and is slated to start a new board term in 2020. She specializes with high end properties, newer construction and tax appeals. Her past automotive experience, as the dealer principal’s controller of a four franchise hub, has also helped her to assist her peers with numerous commercial appraisals to add to her portfolio of experience. She is the owner and Senior Appraiser of ATP Appraisals. Sherrie earned her SRA designation last December. In addition, Sherrie has also earned her Independent Fee Appraiser (IFA) and Ac- credited Senior Appraiser (ASA) designations and was the National Association of Independent Fee Appraisers (NAIFA) State Director for the past two years (2016-2018). She is committed to have all appraisers be as one unit to keep our industry thriving, no matter which organization they are with. She was also involved in the legislation presented to Governor Christie, (Assembly bill 1973) which did pass, to have New Jersey register AMC companies and to pay a licensing fee. Sherrie is passionate about the appraisal industry and believes time is the most precious gift. She also believes being the best means to never stop learning. She looks forward to her next journey and continuing to the next level, while still supporting her peers. CONGRATULATIONS, Sherrie Lisa Galderisi, SRA, AI-RRS! Appraisers Provide aWide Variety of Services, Appraisal Institute Says Hiring a Designated Member of the Appraisal Institute can provide a broad range of benefits to commercial and residential clients, the president of the nation’s largest professional association of real estate appraisers said in a recent press release. “When hiring a valuation professional, clients should first understand the role of an appraiser,” said Appraisal Institute President Stephen S. Wagner, MAI, SRA, AI-GRS. “The appraiser’s role is to provide objective, impartial and unbiased opinions about the value of real property — helping those who own, manage, sell, invest in and lend money on the security of real estate.” Before clients select an appraiser, Wagner recommended that they make Appraisal Institute Designated Members their preferred source for reliable appraisal services. Appraisers who become Designated Members of the Appraisal Institute have gone beyond the minimum requirements that each state requires for appraisers, he said. “Appraisal Institute Designated Members have completed stringent educational requirements, have considerable professional experience, and adhere to standards of professional practice that exceed those required by state or federal law,” Wagner said. “Designated Members also are required to participate in continuing education programs, including those that emphasize the most-up-to-date valuation techniques.” Wagner also encouraged potential clients to take advantage of the wide range of services that appraisers offer. Depending upon an appraiser’s designation and qualifications, he or she can provide or assist with: ● Estate planning and estate settlements; ● Tax assessment review and advice; ● Advice in eminent domain and condemnation property transactions; ● Dispute resolution — including divorce, estate settlements, property partition suits, foreclosures and zoning issues; ● Feasibility studies; ● Expert witness testimony; ● Market rent and trend studies; ● Cost/benefit or investment analysis, e.g., financial return on remodeling; ● What professional designations do you have and from whom? ● Are you licensed or certified in the state in which you live? ● How long have you been in practice? ● What level of experience do you have in this particular market and with this type of property? ● Are you familiar with property in this neighborhood? ● What types of clients have you had? To find a Designated Member of the Appraisal Institute, visit the Appraisal Institute’s website https://ai.appraisalinstitute.org/eweb/DynamicPage. aspx?webcode=aifaasearch&_ga=2.8343410.1705780953.1571066568-657729976.1527084299. 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. ● Land utilization studies and ● Supply and demand studies. Wagner suggested that the best way for consumers to combat potential problems with appraisals performed for lending purposes is to ensure the appraiser hired by their lender is highly qualified and that the right questions are asked. He said homebuyers should request that their lender ask the appraiser:
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