March 2019 Newsletter 
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O n becoming a AI-RRS Designated member!




O n becoming a AI-GRS Designated member!
Welcome to the  
Nevada Chapter!

J. Mark Hunt, SRA
Andrew J. Nelson  
Karen M. Park, MAI
 Craig F. Parrish

Nevada Chapter Meetings

LAS VEGAS - April 24, 2019
Bonefish Grill (Town Square)
6527 S. Las Vegas Blvd.
Las Vegas, NV  89119
Nevada Chapter Education
Wednesday - March 20, 2019 
High Performance Homes - The Value Proposition Seminar

Click here for PDF Information.

Las Vegas
Monday - July 8, 2019  
How Tenants Create or Destroy Value:  Leasehold Valuation and its Impact on Value Seminar
Click here for PDF Information.  
National Appraisal Institute
D ates & Deadlines
March 29, 2019
Pritchett Award nominations deadline
Y.T. & Louise Lee Lum Award nominations deadline 

April 1, 2019
AI Education and Relief Foundation scholarship application deadline
April 15, 2019
AI Education and Relief Foundation College scholarship application deadline
Guide Note Exposure Draft revisions deadline 
May 9-10, 2019
AI Board of Directors 2nd Quarter Meeting

May 24, 2019
Nominations for Lifetime Achievement Award and Outstanding Service Award

July 1, 2019
AI Education and Relief Foundation scholarship application deadline
July 21, 2019  
Regional Meetings, Denver, CO
July 22, 2019
Chapter Leadership Program, Denver, CO 
July 22-24, 2019
2019 Annual Conference, Denver, CO
July 25-26, 2019
AI Board of Directors 3rd Quarter Meeting
August 1, 2019
Leadership Resource Registry submission deadline for 2020 national committees, panels, entities 
October 1, 2019
AI Education and Relief Foundation scholarship application deadline
November 14-15, 2019
AI Board of Directors 4th Quarter Meeting
President's Message
Alan D. Erickson, MAI, AI-GRS
Professional Colleagues:
It was a pleasure to see our members at the most recent breakfast meeting and seminar "High Performance Home the Value proposition". Topics this seminar covers include,
  • Green energy efficiency programs
  • Advancements in building and energy codes
  • Cost vs. price for high performance homes
  • PV Solar & Renewable energy
  • Documentation & verification of energy efficiency
This excellent seminar will be available to our Northern Nevada colleagues on Wednesday March 20th. We also have other educational offerings upcoming that will allow to you sharpen your skills and obtain continuing educational hours.
In July, for our colleagues in Southern Nevada we will be offering the new AI seminar "How Tenants Create and Destroy Value Leasehold Valuation and its Impact on Value". Attending these classes rather than taking online continuing education offers the opportunity to network and interact with your colleagues and support the chapter.
In February, the Chapter had the honor of hosting Scott Reuter the Chief Appraiser of Freddie Mac for a stimulating 2-hour question and answer session. Topics of discussion included bifurcated appraisals and the spectrum of high risk low data to low risk high data that the GSE looks at when deciding upon the appropriate valuation products. The chapter is attempting to bring Mr. Reuter back for a 4-hour seminar this fall.
Katie Horn of the Southern Nevada Water Authority will be our featured speaker at the April Luncheon in Las Vegas. Katie is the Manager of Management Services and will be discussing the 2018 Water Resource Plan & Water Budget. This document is available online if you want to read it before the meeting. The document forecasts water uses in Southern Nevada over a 50-year period and includes estimates of the maximum population that can be supported in Southern Nevada with the available inventory of water resources. Under different scenarios this figure has been forecast to range from 2,554,000 to 2,966,600. As of 2019 our population has been estimated to be about 2,227,053. The luncheon will be held at the Bonefish Grill at Town Square on Las Vegas Boulevard April 24th.
As an organization we rely heavily on the work of volunteers. Currently we require help in filling several positions in the Northern Nevada branch chapter. Please contact Tina Anderson if you can provide assistance.
In February I attended our regional meeting In San Diego, California. Some of the topics discussed included potential liability associated with bifurcated appraisals and proposed changes to the 2020-2021 edition of USPAP.   For those of you who are interested a one-hour seminar on proposed changes to USPAP for 2020-2021 has been posted on the Appraisal Federation's YouTube channel.
Congratulations to Alex Reyes and Hazel Johnson who each were recently awarded the Appraisal Institute review designations.  Great work, Alex and Hazel! Candidates for designation in our chapter please keep pushing forward and resolve to cross that finish line. Do not hesitate to call if you have any questions about the designation process.
Best Regards,
Alan Erickson, MAI, AI-GRS
Nevada Chapter Updates

The Las Vegas Market Symposium 2019 will be held on Thursday - November 14, 2019 at the Suncoast Hotel & Casino .  More information to come!   

2020 Nevada Chapter Leadership and Committees 
 If you would like to serve on a Nevada Chapter committee or the 2020 Nevada Chapter Board of Directors, please contact Nominating Committee Chairs, Britt K. West, SRA, AI-RRS or Ben Johnson, MAI or Executive Director, Tina Anderson.   
The deadline to accept nominations for the 2020 Nevada Chapter leadership slate is May 1, 2019.
National Updates
Leadership Resource Registry Deadline 
I f you are interested in serving on a national committee in 2020, please complete the Leadership Resource Registry no later than 5:00 pm CT, Thursday, August 1, 2019. In order to be considered for national committees, you must express your interests in to the Registry. To access the Registry, see Leadership Resource Registry , then log on to the AI website.
Even if you submitted your interests last year in the Registry and there are no changes to your preferences, you will need to log back into the Registry.  If your preferences are the same as they were for 2019, there is a box you may check to have your interests moved into the 2020 Registry. You also will have the opportunity to change or express new interests. 
I f you have questions or need assistance completing the Registry, please contact Rachael Georges at  

Exposure Draft of Proposed Guide Note
The Board of Directors directed distribution of an Exposure Draft of a proposed Guide Note to Designated Members, Candidates, Practicing Affiliates and Affiliates for review and comment.  Click here to view proposed Guide Note.
If you have any comments on the Exposure Draft, please send your comments via email to  Comments sent to this email address will be reviewed by the Professional Standards and Guidance Committee ("PSGC") and compiled for distribution to the Board of Directors.  The deadline for submission of comments is April 15, 2019.
The PSGC will consider the comments received and decide whether to recommend to the Board of Directors any revisions to the Exposure Draft. The Board then will consider whether to adopt the proposed Guide Note as presented in the Exposure Draft, to adopt a revision of the proposed Guide Note or to take some other action.

AIERF Offering Scholarships
The Appraisal Institute Education and Relief Foundation is accepting nominations until March 29 for the Y.T. and Louise Lee Lum Award, which recognizes individuals who have made distinguished contributions to the valuation profession during the immediate preceding year.  Learn more.

AIERF also offers several scholarships throughout the year, including two with an April 15 application deadline: AIERF Graduate Scholarship; and AIERF Minorities and Women Education Scholarship. Learn more.
to adopt the proposed Guide Note as presented in the Exposure Draft, to adopt a revision of the proposed Guide Note or to take some other action.

Top-notch Appraisal Institute courses and seminars come straight to your desktop with online education! Learn from any computer anywhere, whenever you have time. It's easy, convenient and a great way to get the education you want. Check out the current course listing now!
Chapter Contact
Tina Anderson, Executive Director | 702-838-8489
Chapter Website:  |  Email: