12B — July 13 - 26, 2012 — New Jersey — Mid Atlantic Real Estate Journal


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

SAVE THE DATE 17th Annual September Symposium Wednesday, Sept. 12th, 2012

Southern NJ Chapter Appraisal Institute 2012 Chapter Officers President Jerome McHale, MAI jmchale@jmchaleassoc.com Vice President Jacob Ramage, MAI jake.ramage@cushwake.com Treasurer Kristin Mansfield kristin.mansfield@td.com Secretary Al Crosby acrosby@insightnj.com Director (Term through ‘14) James Carr carrappraisals@aol.com Director (Term through ‘14) John T. Stone, MAI jtstonemai@verizon.net Director (Term through ‘13) Jerrold McCarron jermccarron@gmail.com Director (Term through ’13) Michael S. Sapio, MAI northstarappraisal@msn.com Director (Term through ’12) Ed Kay edkayinc@comcast.net Director (Term through ’12) Joseph V. Heenan, SRA jheenan613@comcast.net Director (Term through ’12) Jackie Marmur Jackiemarmur@tonykamand.com Director (Term through ’12) Mike Rickett Mikerickett@tonykamand.com

he Southern NJ Chap- ter will be offering a brand new seminar New Seminar, New Officers appraisal, plus dig into 7 examples of complex review appraisal assignments. This seminar will help you spot the most common reporting deficiencies—while avoiding those deficiencies in your own appraisal reports. At the end of this seminar you will be able to: Presenters currently confirmed: (More are being added…updates to come soon!) • Dr. James W. Hughes, Dean, Edward J. Bloustein School of Planning and Public Policy, Rutgers University • Scott DiBiasio, State & Industry Affairs, Appraisal Institute • Dennis Scardilli, Esq., MAI, from the Law Office of Dennis A. Scardilli L.L.C. • Steven N. Flanzman, Esq., Senior NJ Deputy Attorney General for the NJ SBREA* • Denise M. Siegal, IFA, CTA, President NJ SBREA* * Subject to NJ Dept of Law & Public Safety Approval


Kings Hwy South, Cherry Hill. Mark Smeltzer, SRA, will be the instructor. Con- tact Lisamayweiss@hot- mail.com for more infor- mation. Below are the newly elected Officers and Directors for service in 2013. These indi- viduals had been selected by the Nominating Committee, chaired by Past President Craig Black, SRA. President Jacob Ramage, MAI Vice President Pamela Brodowski, MAI Treasurer Albert Crosby Secretary Jerrold McCarron, MAI Director (Term through 2013) Bonnie L. Longo, MAI, SRA Director (Term through 2015) Tim Sheehan, MAI, SRA Director (Term through 2015) Errett Vielehr Director

Appraising the Appraisal: Appraisal Review–Resi- dential on Friday, October 12th. This is one of the first offerings in the area, and looks to be informative and interest- ing. It focuses on residential appraisal review and is replete with insightful examples of residential appraisal review techniques. It is not-to-miss education for all residential appraisers and reviewers Appraisal review requires a different skill set than tra- ditional appraisal work. In the new seminar Appraising the Appraisal: Appraisal Review–Residential , ca- reer professionals will gain invaluable insights into client expectations regarding the content and quality demanded by review assignments. Designed specifically for res- idential appraisers who also review appraisals, the seminar presents methods for perform- ing review assignments ef- ficiently and effectively. Real estate professionals involved in appraisal management or who work in quality control and compliance for financial institutions may find this pro- gram beneficial. While exploring techniques and methodologies used by professional reviewers, you will distinguish features of the ideal appraisal report, identify eight general catego- ries and examine 14 specific warning signs of a problem

*Recognize the need for ap- praisal reviews performed by reviewers who are cognizant of their ethical and professional responsibilities. *Review the impact of US- PAP, FIRREA and other regu- lations on the review process. *Identify types of appraisal review assignments & process employed in the reviewer’s scope of work. Also, identify the analytical steps necessary to develop a review opinion. *Examine and analyze the component parts of an ap- praisal report for review pur- poses and identify tests of reasonableness that may be applied. *Define 6 characteristics of quality appraisal reports & the role of client expectations in defining a “good” appraisal. *Identify and discuss 14 warning signs of a problem appraisal, and illustrate 7 examples of complex review appraisal assignments. *Discuss the process of ap- propriate “reviewer to ap- praiser” communication. We will be offering this seminar on Friday, Octo- ber 12th at the Burlington Camden County Associa- tion of Realtors Office, 306

(Term through 2015) Robert Kirwan, MAI Director (Term through 2015) Jackie Marmur

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