O
n becoming a MAI Designated member!
|
Charles E. Jack, IV, MAI, AI-GRS
O
n becoming an AI-GRS Designated member!
|
|
Welcome to the Nevada Chapter!
LEAH MULLEN
|
October 2019 General Meeting & Breakfast
DATE / TIME
October 1, 2019 / 8:30 a.m.
TOPIC
Capital Markets in Las Vegas
LOCATION
Egg Works Summerlin
2025 Village Center Circle
Las Vegas, NV 89134
COST
$15
REGISTRATION
|
| Upcoming
2019 Nevada Chapter Education
|
Reno
Friday - September 20, 2019
2019 Northern Nevada Real Estate Overview
_________________________
Las Vegas
Thursday - September 26, 2019
IRS Valuation Symposium - Valuation of Donated Real Estate, Including Conservation Easements and Other IRS Valuation Assignments
Click here for Online Registration.
_________________________
Las Vegas
Thursday - November 14, 2019
2019 Las Vegas Market Symposium
Click here for Online Registration.
|
|
2019 Las Vegas Market Symposium
Sponsors
|
|
 |
|
|
President's Message
Alan D. Erickson, MAI, AI-GRS
|
Professional Colleagues:
I hope that you have enjoyed your summer! There have been a number of regulatory changes over the past few months that will have a significant impact on our industry.
In July the National Credit Union Association quadrupled its appraisal threshold from $250,000 to $1Million. It has been estimated that this action will increase the percentage credit union loans not requiring and appraisal from 27% to 66%. Additionally, federal legislation signed into law last year links commercial appraisal threshold levels of the Small Business Administration's most popular loan programs to those established by the federal banking regulatory system. The Appraisal Institute has expressed concern about a regulatory race to the bottom when current market conditions have need for heightened due diligence.
On August 20st Federal Banking Regulators approved the final rule to increase the residential appraisal threshold from $250,000 to $400,0000. A coalition of Appraisal Groups that included the Appraisal Institute submitted Comments to the OCC apposing this action. Details of this story and the links to the comments document can be found under the news TAB on the appraisal Institute website.
At the Annual Appraisal Institute's conference in Denver this year there were significant announcements related to the AI association management system (web interface) and the education structure that were unveiled. Be sure to read the message below titled "Important Announcement" regarding the initial updates. More information about this software, affecting all AI professionals, will be forthcoming.
We have a number of course offerings this fall for those of you that need continuing education credit. For additional details on these educational offering please visit our chapter website at:
www.ainevada.org.
- September 20th - 2019 Northern Nevada Real Estate Overview in Reno
- September 26th - IRS Valuation Symposium in Las Vegas
- November 14th - 2019 Las Vegas Market Symposium in Las Vegas
The annual chapter election was held at the June Luncheon meeting. The incoming 2020 chapter officers are:
|
Chapter President
|
Eric J. Anderson, MAI
|
|
Chapter Vice-President
|
Brenda Cazares
|
|
Chapter Secretary
|
Hazel M. Johnson, SRA, AI-RRS
|
|
Chapter Treasurer
|
Carolanne Doherty, MAI
|
|
Director
|
George L. Wara, MAI
|
|
Director
|
Thomas O. Boice, SRA
|
|
Director
|
Thomas M. Walusek, MAI
|
|
Director
|
Wendell M. Snow, SRA
|
|
Director
|
Miles A. Young, SRA, AI-RRS
|
|
Northern Nevada Branch Chair
|
Karen M. Park, MAI
|
|
Immediate Past President
|
Alan D. Erickson, MAI, AI-GRS
|
|
Immediate Past Branch Chair
|
John S. Wright, MAI
|
|
Chapter Education Chair
|
Charles E. Jack, IV, MAI, AI-GRS
|
|
Region Representative
|
Glenn M. Anderson, MAI, SRA, AI-GRS
|
Finally, the next chapter meeting will be a breakfast meeting held at the Egg Works Summerlin restaurant on October 1
st. Our speaker will be Robert Ybarra of CBRE Capital Markets. Robert will be presenting information on current conditions and trends in the commercial real estate financing market.
Hope to see you there!
Best Regards,
Alan D. Erickson, MAI, AI-GRS
|
|
2019 Northern Nevada Real Estate Overview
|
Important Announcement
The Appraisal Institute is excited to announce that on
October 1st we will launch changes to the "My Account" portion of the AI website which will enhance your online user experience.
On September 26, 27, 28, 29, and 30, significant service functionalities will not be available to you either via the AI website or through contacting AI staff. Among the functionalities which will
not be available are:
- Registration for most AI courses, seminars and other education events.
- Purchases of textbooks, webinars and other items in the AI online store.
- Self-service features available in My Account.
From September 26th through 30th, education certificate availability will also be limited.
Access to AI's public website,
appraisalinstitute.org
, online learning features and access to education transcripts will remain available.
Important note, while online learning will be available, if you complete a program between September 26 and October 1, the program completion will not be recorded until after October 1. If you have a license renewal on September 30, it is highly recommended that you complete your program by end of day September 25.
Plan ahead for this service disruption. As mentioned in the Q2 2019 Valuation magazine,
more information about this software, will be forthcoming.
Ris
k Management Book Published by Appraisal Institute
Risk typically is part of appraisers' daily lives, and the Appraisal Institute has a new book that can help manage those situations.
"Risk Management for Real Estate Appraisers and Appraisal Firms," by Peter T. Christensen, Esq., with contributing author Claudia L. Gaglione, Esq., provides practitioners with suggestions for managing the risks associated with valuation assignments. The book also will help appraisers assess their liability and take steps to lessen their risk and protect their appraisal practices.
Order your copy today!
Appraisal Institute, RESNET Create Business Opportunities for Appraisers
If you hadn't heard, the Appraisal Institute and the Residential Energy Services Network (commonly known as RESNET) have launched an appraisal portal that allows AI professionals to access data for properties with the Home Energy Rating System Index score.
With over 2 million HERS-rated homes in the U.S., business expansion opportunities exist for appraisers, and I encourage you to check out the portal.
*NEW* AI Benefit
AI Professionals now have access to new and improved flat rate pricing with savings of 45% on Domestic Next Day/Deferred, 25% on Ground Commercial / Residential and up to 50% on additional services. In addition, AI Professionals can take advantage of UPS Smart Pickup® service for free.
Visit
AI Benefits to learn more and view additional benefits!
|
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!
|
|
|
