South Carolina Chapter Appraisal Institute
Summer 2017 Newsletter
Allen McCravy, MAI
South Carolina Chapter President
Hard to believe that summer is coming to an end - but, that just means that fall is on the way! I want to thank everyone who was able to attend the Summer meeting at Pine Island, and the all those that participated in and assisted with the mini LDAC seminar "Advancing the Appraisal Profession". Specifically, we want to send out thanks to the Program Moderator, Jody Bishop, MAI, SRA, as well as the discussion leaders, Keith Batson, MAI, Eric Goodwin, MAI, Jake Knight, MAI, and Jody Odom, MAI, AI-GRS. These members volunteered their time to cover some very pertinent issues in our appraisal profession. As an excellent example, one of the topics covered was Alternative Valuation Assignments (i.e. Evaluations), and we had a good discussion regarding what the Appraisal Institute's position/role should be in helping states pursue legislation in this arena. We received an e-mail from National, as the seminar was wrapping up, indicating that there was a proposed statement of policy relating to evaluations and this very issue...now that's timely education. We also had time to enjoy some delicious BBQ and sides!
On that note, as we discussed in the meeting, I want to encourage everyone to stay involved and abreast of the current state of our profession. I know full well how easy it is to skip over all the Appraisal Institute e-mails - and how busy we can all be in the midst of trying to get work out the door. But, there are some important issues and potential changes in our profession that require the attention and input from all of us. Our chapter has been a good example of how being active on a local, regional, and national scale can make a difference - and I hope we can continue that trend.
As an example of important issues, we had a Region IX Web meeting/conference call on August 17th, and much of the discussion surrounded the recommendations from the Governance Structure Project Team. If you are unaware of this proposal, please go to the following link:
The Board of Directors is looking for member feedback on this proposal - please take the time to review, ask questions, and comment. Feel free to touch base with myself or Jody Bishop, MAI, SRA.
Also, don't forget to register for the Fall Meeting, it will be here before we know it! Thanks so much to Suzanne who has booked the Francis Marion Hotel (387 King Street) in Charleston, SC. There are a block of rooms reserved, so go ahead and make your reservations soon. Our guest speaker will be James L. Murrett, MAI, SRA, 2018 National AI President and we will be offering a new seminar,
Parking and Its Impact on Value on SC Properties,
which will be instructed by Ted Anglyn, MAI. If you have never attended a Fall Meeting, please take this opportunity to
come - we conduct a little business, and enjoy a lot of fellowship!
Maybe most importantly, congratulations to Malcolm Burton, SRA and Paul Thebo, SRA; they were both awarded their SRA designation at the summer meeting in Pine Island. This is the culmination of a lot of hard work and sacrifice; please congratulate Malcolm and Paul when you see them. Congratulations are also in order to our most recent designated member, Joseph G. "Jody" McInerney, III, MAI.
As always, please let myself or the board know if we can be of assistance, and feel free to contact me anytime. I look forward to seeing all of you at the Fall meeting.
Allen D. McCravy, MAI
South Carolina Chapter Fall Meeting & Education
November 3, 2017
Francis Marion Hotel, 387 King Street, Charleston, SC, 29403
November 3, 2017
10:30 a.m. - 12:30 p.m. - BOD Meeting
12:30 p.m. - 1:00 p.m. - Candidates Meeting
1:00 p.m. - 4:00 p.m. - Parking and Its Impact on Value on South Carolina Properties
4:00 p.m. - 5:00 p.m. - Chapter Meeting
6:00 p.m. - 8:00 p.m. - Reception & Installation of 2018 Officers & Directors
November 4, 2017
Social Event To Be Determined
About the Seminar
Parking and Its Impact on Value on South Carolina Properties (3 hours)
Parking is a critical component for most real estate properties and also represents a valuable stand-alone investment. This seminar will present an overview of this often misunderstood industry and explore the various intricacies of parking from a zoning and market perspective and how this affects value. The program will cover parking rates ranging from the national level
down to South Carolina. Specific valuation procedures applicable to parking facilities will be presented. The seminar will wrap-up with a coverage of hot topics such as automated garages, the impact of car sharing services like Uber and Lyft, and how autonomous cars may disrupt the parking industry.
Attendees will learn about: the parking industry and national/local landscape; value considerations for parking properties; parking rates; valuation procedures for parking facilities; and current trends in the parking industry.
Instructor / Developer
William "Ted" Anglyn, MAI
Ted is President of Parking Property Advisors, LLC, a parking valuation advisory firm, with a primary focus of assisting investors with analyzing the value of their parking assets. Ted is a member of the Parking Consultant Council and the National Parking Association and has published extensively on parking valuation. Ted is a 35-year commercial real estate veteran. Recent assignments include a Parking REIT's portfolio valuation of 29 parking properties across the US, a market study of Parking Market Conditions in Atlanta, New York City and Miami, and a garage valuation in Midtown Atlanta.
The Appraisal Institute has approved 3 hours of continuing education credit for the Parking and Its Impact on Value on South Carolina Properties seminar. We have applied for 3 hours of continuing education credit with the SC LLR. 100% attendance of classroom time is required to receive credit.
A limited block of guest rooms has been reserved at the Francis Marion Hotel at a group rate of $239 subject to a 14% state sales tax and $1 per night fee. To make reservations under the group name, South Carolina Chapter Appraisal Institute, call (843) 722-0600 or 1-(877) 756-2121.
The cut-off date to receive the group rate is October 3, 2017.
All reservations must be guaranteed and accompanied by a first night room deposit or guaranteed with a major credit card.
Hotel parking is available at the City of Charleston owned parking garage adjacent to the Hotel. The prevailing rates are $22 per day plus tax for valet services, which may be added to the guest room folio, and $17 for self-parking per day, which must be paid directly to the parking garage in cash, MasterCard or Visa.
Member in the Spotlight
Pledger M. "Jody" Bishop, III, MAI, SRA
Honored at the International Valuation Conference for the
Appraisal Institute President's Award
Congratulations Pledger M. "Jody" Bishop, III, MAI, SRA, of Mount Pleasant, SC, for receiving the Appraisal Institute President's Award during the International Valuation Conference in Ottawa, Ontario.
The President's Award is presented to an Appraisal Institute professional who is committed to the organization; currently engaged in its activities; an effective spokesperson; a representative at all times; and in touch with both the needs of other AI professionals and the changes that the organization must help its professionals to meet.
- Parking & Its Impact on Value on SC Properties (3 hours) - November 3, 2017
- 2018/2019 National USPAP Update - December 14, 2017
Schedule To Be Announced
Meet Our New Designated Member
Paul Thebo, SRA
Paul Thebo & Associates, LLC
Paul Thebo, SRA is the principal operator at Paul Thebo and Associates, LLC, a residential appraisal company in Columbia, SC. He is dedicated to personal and professional growth. Paul grew up in Toledo, OH. He attended Bowling Green University, graduating with a Bachelors of Science, before beginning his appraisal career with his step-father. He then attended the University of Toledo obtaining his Masters in Geography and Planning. Paul is also a designated AICP member of the American Planning Association. In 2009, he moved to South Carolina. He is currently located in Columbia, SC, where he lives with his wife and young son.'
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Welcome New AI Professionals!
New Designated Members
Malcolm Burton, SRA, Columbia, SC
Corbin Haskell, MAI, AI-GRS, Greenville, SC
Joseph "Jody" McInerney, III, MAI, Charleston, SC
Paul Thebo, SRA, Columbia, SC - Designated SRA
New Candidates and Affiliates
Chris Akers, Mt. Pleasant, SC - General Candidate
Philip Rizer, Walterboro, SC - General Candidate
Matthew K.Sansoucy, Simpsonville, SC - Affiliate
National LDAC Conference Report
Christina Harjehausen, MAI
I represented the South Carolina Chapter of the Appraisal Institute at The Leadership Development and Advisory Council ("LDAC") on May 3-5 in Washington, D.C. We discussed topics oriented towards the future of the Appraisal Institute and lobbied Senators and Representatives on Appraisal Regulatory Modernization. There were 102 appraisers from 35 states from across the country.
This year's LDAC included discussions, lobbying efforts, and the opportunity to socialize and network with appraisal professionals. The schedule included a general session on the first afternoon, then legislative and lobbying information, guest speakers, and Leadership Panel discussion.
The second day we broke out into the four discussion groups in the morning followed by the lobbying effort with our Representatives in the House and Senate, group photo on Capitol Hill followed by another reception. The third day consisted of discussion groups in the morning and a closing general session in the afternoon. The guest speakers included Nicholas "Nick" Huffard, MAI, Chief Appraiser with the General Services Administration, Zach Dawson, Director, Collateral Policy & Strategy, Fannie Mae, Martin "Marty" A. Skolnik, MAI, Director of Multifamily, Freddie Mac and Wayne A. Nygard, MAI, FRICS, Division Chief, US Department of State. This panel provided vital information concerning "does and don'ts" for working with government agencies. In the general session, President Jim Amorin, MAI, SRA, AI-GRS gave a talk about the state of the Appraisal Institute and Fred Grubbe, CEO presented the basics of the Strategic Plan the AI will be following for the next five years. Presently, there is a consensus among key stakeholders involved in the real estate market that the House Financial Services Committee act on the testimony presented in the November 2016 hearing on the future of appraisal regulation. This year's discussions involved: Appraise or Consult, Creating a Framework for the Future, Branding and How to Connect the Beginner with the Experienced. Each of the Discussion Groups dealt with increasing the Appraisal Institute's Brand while simultaneously dealing with a diminishing supply of Candidates and professional development opportunities for designated and non-designated members of the Appraisal Institute.
- Julie Battaglia, MAI, AI-GRS, from Tampa, FL, had participants contemplate should we Appraise or Consult. This topic was to challenge appraisers to think "outside the box" in terms of other types of assignment appraisers can perform other than bank "fee" assignments.
- Melissa Downing, MAI, from Walnut Creek, CA, discussed Creating a Framework for the Future. Where will the Appraisal Institute be in twenty years? This topic centered on altering the current trends of declining memberships.
- Steve Henry, MAI, of Irvine, CA, the focus of this group was to open discussion and provide viable solutions with the "Branding" of ourselves, our designations and our organization. This topic included great insight to ways to increase our brands and the benefits of increased brand recognition. The consensus was that the MAI and specifically the SRA designations need to have a concerted effort to increase these Brands.
- Travis Taylor, MAI, from New Braunfels, TX focused on "how do we connect the beginner with the experienced." This discussion group dealt with the issues of bringing in qualified individuals into the industry.
Each of the members scheduled meetings with their elected representatives in the House and Senate. In our meetings with the representatives, we discussed modernizing appraisal oversight by aligning appraisal regulation with regulatory structures of other industries; improving enforcement for state appraiser regulatory agencies by focusing on licensing administration and enforcement as well as creating a common platform; improving appraisal quality by authorizing financial institutions to "raise the bar" when hiring real estate appraisers by utilizing professional designations and exceeding minimum licensing requirements. Our goal for the meeting was to share concerns of the regulatory burdens appraisers face and ask that our state representatives to act on the testimony presented at the November 2016 hearing and address the need for easing regulatory burdens appraisers face, as well as modernizing the regulatory structure of the appraisal profession through legislation. We asked our Senators to request that the Senate Banking Committee hold a hearing on appraisal regulatory burdens. Each of their offices were interested in learning more about the regulations, which appraisers deal with every day and shared information about some of the legislation they are currently working on regarding the Dodd-Frank Act.
Overall, our meetings were well received by our state representatives.
I want to personally thank the South Carolina Board, Officers, and each of the members for providing me with the opportunity to represent our Chapter and be a part of this wonderful event.
This platform is a great introduction to becoming a future leader within the Appraisal Institute and I enjoyed my experience immensely.
Additional credit is given to Jim Lynch, MAI, 3rd Year Participant, out of North Carolina on this summary.
AMC Bill Signed into Law
We have a number of SC Chapter AI Professionals who have worked countless hours, for many years, to bring this bill to fruition. Thank you to our Chapter Government Relations Committee and everyone who helped in this endeavor.
(Left to Right) Laura Smith with SC Real Estate Appraisers Board - LLR, Richard Davis with Capitol Consultants, Joe Woods, SRA with SCCAI, SC Governor Henry McMaster, Annie Wilson with Capitol Consultants, and Jake Knight, MAI with SCCAI
Highlights from Summer Chapter Meeting &
SCCAI's First Mini LDAC Conference
July 20, 2017
Chapter Scholarship Program
The South Carolina Chapter of the Appraisal Institute will be awarding a scholarship for Candidates for Designation or outside interested parties. It is our intent to focus on retention/development of Candidates for Designation and recruitment of new members through Appraisal Institute courses (excluding any USPAP courses). A total of four $125 awards will be presented.
The selection criteria for awards are as outlined below:
- Chapter meeting attendance
- Chapter committee participation including future willingness to commit time and effort
- Pursuit of designation
- The Why? Why are you asking for consideration of this award? The applicant is encouraged to write a paragraph or two on the application as to why they should be selected for the award.
- Each recipient is entitled to one award per year.
Applications for scholarship monies must be received in the Chapter office no later than six weeks prior to the course's being offered.
Please contact the Chapter office at (770) 803-0024 or e-mail us at firstname.lastname@example.org should you have any questions.
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Michael Buckner, SRA
Our sincere condolences go out to the family, friends, and colleagues of Michael Buckner, SRA.
Michael Harold Buckner, age 56, passed away on Saturday, June 3, 2017, at Tidelands Georgetown Memorial Hospital.
Born in Anderson, SC on January 29, 1961, he is the son of Harold Demascus Buckner, and the late Patricia McCallum Buckner. Mike graduated from T.L. Hanna High School and attended the University of South Carolina earning his Bachelors Degree. He worked as a real estate appraiser for Maxwell Appraisers and Company. He was a board member with: Anderson Heritage Association, A.N.A.T.S, and Anderson Co. Sports and Recreation Commission. He served 3 terms as President of the Board at Habitat for Humanity. He was a faithful member of First Presbyterian Church where he was an Elder and a middle school youth group teacher for many years.
He is survived by his loving wife of the home, Allison Owens Buckner; son, Causey Stanland; daughter, Meg Buckner; and a sister, Kerin Buckner, all of Anderson.
In addition to his mother, he was preceded in death by his first wife, Susan Crudup Buckner.
The funeral service will be held at First Presbyterian Church on Thursday, June 8, 2017, at 11:00 a.m. with Dr. Dennis Tedder officiating.
In lieu of flowers, memorials may be made to, We Are Sharing Hope S.C. atwww.SharingHopeSC.org, Calhoun School of the Arts for: Early Childhood Literacy Program, 1520 E. Calhoun St., Anderson, SC, 29621, First Presbyterian Church for: Youth Missions Programs, 302 W. Whitner, Anderson, SC 29624, or to Habitat for Humanity, 210 S. Murray St., Anderson, SC 29624.
2017 South Carolina Chapter Leadership
Allen McCravy, MAI - President
Rob Elliott, MAI, SRA - Vice President
James Martin, MAI - Treasurer
Eric Goodwin, MAI - Secretary
Marshall Vann, MAI, SRA - Immediate Past President
Keith Batson, MAI
Joe Woods, SRA
Pledger "Jody" Bishop, III, MAI, SRA (Ex-officio), Non-voting member
Chapter Regional Representatives
Rob Elliott, MAI, SRA
Anton "Trey" Sedalik, MAI
Follin Smith, MAI, SRA
Alternate Regional Representatives
Tara Cox-Setzler, MAI, Sarah Guthrie, MAI; Shaun Payne, MAI; Andrea White, MAI
Trey Sedalik, MAI, Chair; Scott Johnstone, MAI; and Shaun Payne, MAI
Adam Whitfield, Chair
Sarah Guthrie, MAI, Chair; Clark Truluck, Vice Chair; and Andrea White, MAI
James Martin, MAI, Chair; Rob Elliott, MAI, SRA; Paul Hilton, SRA; and Jody Odom, MAI, AI-GRS
Eric Goodwin, MAI, Chair; Steve Anderson; Cole Morris; and Joe Woods, SRA
Follin Smith, MAI, SRA, Chair; Christina Harjehausen, MAI; and Tara Cox Setzler, MAI
Kit Dodds McIntyre, MAI, Chair
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The articles in this newsletter represent the authors' opinions and do not represent the opinions of the South Carolina Chapter Appraisal Institute.
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