Newsreal
Summer 2019


President’s Message
By Lori Safer, MAI, AI-GRS
The Seattle Chapter has been busy so far this year. To date we’ve put on several seminars and courses, including two All Day Residential seminars. In addition, the chapter has hosted two Residential Roundtables, with two more scheduled for 2019. Our January dinner meeting was well attended, despite the “Seattle Squeeze” that everyone was worried about, as was our April “Treat Your Associates dinner.”

We have two more dinner meetings scheduled for the year – I encourage you to attend. Our Program Committee is lining up a great speaker for the September meeting and the November Past President and Installation of Officers dinner meeting is always fun – it’s a great opportunity to socialize with friends and colleagues, new and old.

The Appraisal Institute’s Annual Conference took place in place in Denver, CO from July 22nd through July 26th. Next year’s conference is scheduled for early August in Orlando, Florida. The conference is always a great opportunity to mingle with appraisers from all over the country and take some great education courses. And Orlando is a great place to bring the family. I encourage you all to attend.

The Seattle chapter’s Annual Fall Conference is earlier than usual this year and will take place on September 27 th . Please make a note in your calendar – the Fall Conference committee is hard at work on what promises to be our best conference yet.

I encourage each and every one of you to volunteer at some level within the Chapter. No volunteer task is too small and the rewards of service are immeasurable. I look forward to seeing you at a seminar, a class, a meeting or the Fall Conference.

Have a great summer.

Lori Safer, MAI, AI-GRS
2019 Chapter President


Thank you 2019 President Lori Safer, MAI, AI-GRS
for your dedication to the
Appraisal Institute Seattle Chapter.
Platinum Sponsors
2019 Fall Real Estate Conference
Seattle Chapter Election Results – 2020 Leadership Team

Here is your 2020 Leadership Team - Congratulations!

President – Stan Sidor, MAI, AI-GRS
Vice President – Todd Henderson, MAI, AI-GRS
Treasurer – Michael Lamb, MAI, SRA, AI-GRS, AI-RRS
Secretary – David Hunnicutt, MAI, AI-GRS

Regional Representatives – Jessica Stokesberry, SRA & Susan Long, SRA
Directors – Matthew Bacon, MAI & Mari Sorenson, MAI

Wishing you a wonderful year ahead!



2019
Chapter Dinner Meetings



September 18th, 2019
More information coming soon!
5:30 to 8:30

November 13th, 2019
Past Presidents and Induction of Officers
5:30pm to 8:30pm




In Memoriam
Ed Miesen 1959-2019
Published in The Seattle Times on July 21, 2019


Edward J. Miesen died on June 13, 2019 in Seattle, after a 21-month battle with kidney cancer. Born in 1959, Ed was the third of five children raised in a loving and supportive family in Portland. He was a leader, guide and role model from early on, serving as student body president of Wilson High School.
Ed developed an all-encompassing love of nature from a young age, devoting considerable time to enjoying wilderness areas along the Oregon coast and in the Cascade Mountains of OR and WA. In addition to hiking and backpacking, long-distance bicycling was a strong passion.

After graduating from the U. of WA in 1982, Ed spent a few years enjoying the outdoors before pursuing a successful career in real estate appraisal (MAI) and was an active member of the Seattle Chapter for many years. Later, he became a nationally recognized banker with Washington Mutual and Chase. He retired in 2014 at the age of 54 to devote more time to nature and preserving open spaces.
One of Ed's proudest legacies was the purchase, preservation and ultimate gift of 200 acres of unspoiled oak savanna and upland prairie habitats to the Eugene parks department, which is now part of the Ridgeline Trail.
During the 1980s and 90s, Ed was a leader in Seattle's gay community, serving as President of the Pride Foundation, now one of the country's largest LGBTQ philanthropic organizations.

In 2014, Ed hiked the 2653-mile Pacific Crest Trail. Two years later he completed all but 100 miles of the even more rigorous, 3100-mile long Continental Divide Trail.
Ed said many times that the manner in which he spent his retirement meant that he could move on without regret. When he knew the end was near, he took a great deal of pleasure and comfort in that thought.

Remembrances can be made to the McKenzie River Trust, 120 Shelton McMurphey Blvd., Eugene, OR 97401.

A celebration of Ed's life will be held on Sat., Aug. 17 at 2:00PM at the Seattle Mountaineers, 7700 Sand Point Way N.E.
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2019 Fall Real Estate Conference
Get the latest news and information for events and articles on our Facebook Page!
One of the areas causing confusion among appraisers is the issue of admissibility of an appraisal in those relatively rare instances where a case actually goes to trial. Since the majority of our states along with the federal courts have adopted what is known as the Daubert test, most attention in our Appraisal Institute course material understandably focuses on this standard and its
four-part inquiry. Washington state, however, is among the minority of states that still uses the Frye test,
and the difference between Frye and Daubert can lead to some confusion by appraisers in trying to determine the applicability of rules governing their report as admissible evidence. This brief article will discuss the distinction between the two standards, and attempt to clarify the applicable rule of evidence in Washington.
The Appraisal Foundation Opens Candidate Search for the Appraiser Qualifications Board and Appraisal Standards Board

Application Deadline is August 19, 2019
(Washington, DC) June 13, 2019— The Appraisal Foundation, the nation's foremost authority on the valuation profession, announced today its national search for qualified candidates to serve on its two independent boards — the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB).
The AQB and ASB set minimum qualifications and standards to ensure the public trust. Over the past 30 years the minimum qualifications and standards established by these boards have not only earned the public's trust, but also the confidence of consumers, lenders and users of appraisal services. They are essential to the foundation of the appraisal profession.
How to Apply:

Complete the online application by clicking link below or visit www.appraisalfoundation.org Go to the About Us tab > Get Involved section to complete an online application.

Questions or More Information? If you have questions, please feel free to contact Arika Cole at: arika@appraisalfoundation.org
or via phone at 202-624-3072.
Silver Sponsors
2019 Fall Real Estate Conference
Washington Eminent Domain Law In a Rapidly Changing Region

By Kinnon W. Williams
Reprinted with permission from the King County Bar Association Bar Bulletin
In-migration to our region is changing the way we live and how we traditionally practice law. This is as true for attorneys involved in eminent domain as for those focused on legal issues typically identified as matters of race and social justice.

Today, more than 4 million people call the Puget Sound area home. By 2050, the Puget Sound Regional Council expects the combined population of King, Snohomish, Pierce and Kitsap counties to approach 6 million people. With such growth comes momentous cultural and economic diversification.

The Puget Sound region is diversifying at a faster pace than the nation as a whole. People of color today comprise 35 percent of the region’s total population compared to 15 percent in 1990. In King County, people of color are the majority in several cities, among them Bellevue, Redmond, Kent, Renton, SeaTac and Tukwila. Countywide, 22 percent of all residents are now foreign born.

This growth and the accompanying influx of capital and increased community needs have already resulted in greater opportunity and demand for more and improved infrastructure. Although a significant amount of the ever-growing demand will continue to be met by private industry, there will doubtless be immense pressure on local governments to expand their planning, financing and building for the public benefit.

Such growth and subsequent development do not automatically provide equitable benefits. In point of fact, they may threaten the welfare of some — especially low-income communities of color.

There is little dispute that improvements to our transportation and utility systems are necessary, and that new parks, trails, schools and public safety facilities are crucial to maintain our quality of life. Debates, however, rage over about how and where these projects should be built.

Although the where and how are determined over the course of years of planning, the impacts on individuals and businesses are often measured only at the end of the process, immediately prior to construction. In newly or highly diverse communities, this can lead to unintended or even unimagined consequences.
Benefits of Being an Appraiser
June 14, 2019 by Appraisal Institute Staff

Three Appraisal Institute Designated Members share what they think are the bests parts of being an appraiser in AI’s latest video.

Eric Schneider, MAI, SRA, AI-GRS, discusses how rewarding it is to use his expertise to help others. He also appreciates the variety of appraisal assignments that he receives.

Melissa Downing, MAI, addresses how even after working in the valuation profession for 13 years, she still finds herself learning new things daily.

Heather Placer, MAI, SRA, believes the best part of being an appraiser is the flexibility in her schedule. She can balance both her personal and work life just fine. She also enjoys the endless networking opportunities that this profession has to offer.

The valuation profession has many benefits that other industries might not offer. Watch the video and learn more about how to begin an appraisal career on the Appraisal Institute’s website: https://www.appraisalinstitute.org/education/your-career/
Thank you to the 2019 Friends of the Conference!


Stan Sidor, MAI, AI-GRS
Mel Morgan Jr., MAI
John D Gordon, MAI, AI-GRS
Mark S Roberts
Michelle Wade & Shannon Tiegs
Jim & Elly Walker
Brian Vincent, MAI, AI-GRS
Lauren & David Hunnicutt, MAI, AI-GRS
Vincent Healy, SRA
The 2019 Fall Conference is on the horizon - September 27th Registration is Open !

It will be here before you know it. Would you consider becoming a friend of the conference today?

We have a great event in the works, the day will start off with Keynote Speaker Matthew Gardner and the lunch session you will get a chance to hear from Steve Williams.
Matthew Gardner - Breakfast Speaker
Chief Economist - Windermere Real Estate

Mr. Gardner is responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level. Matthew has over 30 years of professional experience both in the U.S. and U.K.

In addition to his day-to-day responsibilities, Matthew sits on the Washington State Governors Council of Economic Advisors; chairs the Board of Trustees at the Washington Center for Real Estate Research at the University of Washington; and is an Advisory Board Member at the Runstad Department of Real Estate at the University of Washington where he also lectures in real estate economics.

Matthew is one of a select number of economists who provide their housing market forecasts to Reuters for their U.S. Housing Market Poll and he also participates in Zillow’s Home Price Expectation Survey.
Matthew received his undergraduate degree from St. Johns College, Oxford where he read economics and he holds graduate degrees in economics & econometrics from the London School of Economics.

Steve Williams - Lunch Speaker
Executive Managing Director - Real Capital Analytics

Originally from Liverpool in UK, Steve is Executive Managing Director of NY-based global data provider Real Capital Analytics. In this role, he divides his time between the USA, Europe and Asia Pac advocating market transparency as a catalyst to inward capital investment.

Steve is a Past President of the Royal Institution of Chartered Surveyors and currently sits on its Management Board. He frequently guest lectures at Universities and edits for several peer-reviewed publications. He is a Board member of the International RE Society (IRES) and a former Chair of the Appraiser Qualifications Board. In his earlier career, Steve was an MAI with his own appraisal practice, Williams Appraisers, in North Carolina. Steve is a Freeman of the City of London. Last year he authored Grumps Guide To London, a humorous but informative guide for first-time visitors.
2019 Education Opportunities
Save the Date for these great Opportunities coming this Fall and Winter
September 10th
Residential Roundtable
Location: Bothell
September 18th
Chapter Dinner Meeting
Registration Coming Soon!
Location:
Washington Athletic Club, Seattle
September 27th, 2019
Fall Real Estate Conference
Location:
Washington Convention Center
October 15th
Big Data
More information coming soon!
Location: Tacoma
October 24th
Environmental Issues & The Appraisal
More information coming soon!
Location: TBA
November 13th
Chapter Dinner Meeting
Past PResident and Installation of Officers
More Information Coming Soon!
Location:
Washington Athletic Club, Seattle
More November Classes
Planned, Dates TBA

Residential Review
Cost Approach
2019 Fall Real Estate Conference
September 27th, 2019
Washington State Convention Center


Appraisal Institute Seattle Chapter
2019 Officers
2019 President
Lori Safer, MAI, AI-GRS
2019 Vice President
Stan Sidor, MAI
2019 Treasurer
Todd Henderson, MAI, AI-GRS
2019 Secretary
Michael  L.  Lamb ,
MAI, SRA, AI-GRS, AI-RRS
Immediate Past President
Whitney Haucke, MAI


Visit the Seattle Chapter Employment Page!

Looking for a position? Have a job opening to post? Be sure to check out the Seattle Chapter's employment page.


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Enjoy your Summer! See you this Fall!