President s Letter. Appraisal News & Review. Inside this issue: June 2018

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1 Appraisal News & Review June 2018 Inside this issue: President s Letter.1 Newly Designated Members..2 LDAC Recap 2-3 2018 Lake Tahoe Conference...3 Educational Pathway Chart 4 Education.

Chapter leadership is finalizing the agenda for the annual Tahoe Conference to be held October 11-12, 2018 at Harvey s in South Lake Tahoe.

Bill James study on the impact of autonomous vehicles, an update on the retail market by Garrick Brown, appraisers use of IT and AI to stay relevant in the next generation of the

These informal events are a fantastic way to catch up with colleagues, meet new people, and enjoy some downtime.

1 1 Appraisal News & Review June 2018 Inside this issue: President s Letter.1 Newly Designated Members..2 LDAC Recap Lake Tahoe Conference...3 Educational Pathway Chart 4 Education Lake Tahoe Sponsors...6 Board of Directors...7 President s Letter I hope you all are enjoying your summer so far. It s hard to believe we are halfway through Chapter leadership is finalizing the agenda for the annual Tahoe Conference to be held October 11-12, 2018 at Harvey s in South Lake Tahoe. Our list of speakers will present a range of topics for residential and commercial appraisers, including, but not limited to: Transportation, Technology & Real Estate Andrew Burger, MAI Bill James study on the impact of autonomous vehicles, an update on the retail market by Garrick Brown, appraisers use of IT and AI to stay relevant in the next generation of the industry, and a refresh seminar on appraiser liability presented by Peter Christensen and Paula Konikoff. We have focused on putting social/networking events back on the calendar. These informal events are a fantastic way to catch up with colleagues, meet new people, and enjoy some downtime. Our first event of the year was at Boxing Donkey in Roseville, and the next is planned for a more central Sacramento location and is likely to be held near the end of July. Please join us! Watch your s for the marketing blast, and check our newly-revamped chapter website for new events and courses to be added throughout the year.

2 2 Congratulations to our Newly Designated Members & Welcome New Members Ryan A. Frings, MAI, AI-GRS Justin Kobilis, MAI, AI-GRS David Tidwell-Candidate for Designation Michael Henry-Candidate for Designation Joseph Lynch-Candidate for Designation Clayton Warren-Practicing Affiliate Joseph C. Mulholland- Candidate for Designation Justin Kobilis, MAI, AI-GRS The 2018 LDAC event of the Appraisal Institute brought together appraisers from across the country to discuss challenges and opportunities in the industry, as well as to prepare and present our concerns directly to our members of Congress. The three main pieces of legislation that were discussed this year were: 1) Appraisal Exemption: H.R provides an exemption from overlaying appraisal for high risk loans if they are under $250,000 and kept in the bank s portfolio for at least 3 years; 2) Appraisal Exemption Allowance: S provides an allowance from appraisal requirements with loans held in portfolio in rural areas if lenders are unsuccessful in placing an appraisal assignment with appraisers on their approved appraiser list and 3) Hybrid Appraisals: H.R permits appraisers to use information based solely on information from a property inspection by a third party for V.A. loans. In addition, various federal and banking agencies have recommended lenders request temporary appraisal waivers from appraiser certification requirements, and Fannie Mae and Freddie Mac have introduced appraisal waiver programs themselves, even when previous appraisal data may not be available. Members of the LDAC 2018 Recap Justin Kobilis, MAI, AI-GRS

3 3 Government Relations team of the Appraisal Institute are consistently raising our industry s concerns to Congress and additional feedback and efforts from the members of every local chapter are encouraged! In addition to discussing the various legislative goals, over the 3 days of the conference weattendees broke into 4 smaller sessions to discuss specific topics in a roundtable format. One of the topics, Growth, was about the industry s need to attract new professionals in order to remain viable, as well as the Appraisal Institute s goal of attracting new members (and retaining existing members) in a competitive landscape. The second topic, Build and Expand the Professional Community, delved further into the topic of attracting new members and supporting existing members of the Appraisal Institute. The third topic, SWOT Analysis, identified the problems, solutions, strengths, weaknesses, opportunities and threats faced by the Appraisal Institute. Finally, the topic of Best Opportunities for Appraisers in the Future involved a lively discussion of how the Appraisal Institute can foster career growth opportunities for its members in an ever changing industry. Overall, the conference was informative, fun and inspiring to connect with other appraisal professionals and help create a vision for the future of our industry and of our organization Lake Tahoe Conference October 11th & 12th, 2018 Harrah s Lake Tahoe Featured Speakers Paula Konikoff, JD, MAI, AI-GRS Peter Christensen, General Counsel, LIA Administrators & Insurance Services Richard Hagar, SRA, The Hagar Institute William James, MAI, CCIM Day 2 Garrick Brown, National Retail Research Director, Cushman & Wakefield Mark Buhler, CMP Appraisals Danny Wiley, SRA, Chief Valuation Officer, ServiceLink Luke Ziegenmeyer, Director of Project Management, Veros David DeMello, VP of Valuation Operations, HouseCanary *Details are still being finalized for this annual event. Registration will be up and running soon*

All you have to do is enroll to start receiving greater discounts and rewards!

4 4 We re pleased to announce that we ve recently negotiated better discounts for AI professionals allowing you to receive discounts of up 26% on FedEx shipping and also office services. All you have to do is enroll to start receiving greater discounts and rewards! The FedEx Advantage discount program is free and easy to enroll. Click here and use this pass code BW182C Once you ve signed up, you can save!!

5 2018 Education Schedule Visit our website www.sac-ai.

5 Education Schedule Visit our website for more information on upcoming education Chapter Event & Meeting Kathy Lund Park, Rocklin July 13th 7-Hour USPAP Coleman, Stephanie August 23rd October 2018 Lake Tahoe Conference (Harrah s) TBA 11th & 12th 4 Hour Laws & Regs Molitor-Gennrich, D. October 15th 7-Hour USPAP Coleman, Stephanie November 13th 2019 Installation Dinner Piatti Sacramento December 5th Business Practices & Ethics Molitor-Gennrich, D. December 11th Potential Additions to the 2018 Schedule Solving Land Valuation Puzzles Steve Roach Sept/Oct TBD Evaluating Commercial Leases TBA TBA Click-through URL: *Don t see a class you are interested in?? Send an to the office to find out if we can make it happen (jenny@sac-ai.org)

6 Lake Tahoe Sponsors!! Thank you for your generosity to the Chapter!

7 7 Sacramento Sierra Chapter 2018 Officers, Committee Chairs, and Board Members PRESIDENT Andrew Burger, MAI CBRE 500 Capitol Mall, #2400 Sacramento, CA (916) VICE PRESIDENT Kevin Ziegenmeyer, MAI Seevers Jordan Ziegenmeyer 3825 Atherton Road, Suite 500 Rocklin, CA (916) SECRETARY TREASURER Justin Kobilis, MAI EXECUTIVE DIRECTOR Jenny Calabrese 4980 Rocklin Road Rocklin, CA (916) BOARD 2018 Joe Esparza, MAI (2018) Colliers International, Inc 1508 Eureka Road, Suite 250 Roseville, CA (916) Jared Calabrese, MAI (2018) Kathy Cline, SRA (2019) InCline Group, LLC 1387 Seymour Circle Lincoln, CA (916) Scott Beebe, MAI, FRICS (2019) BBG 1708 Q Street Sacramento, CA (916) sbeebe@bbgres.com Kelly Underwood, MAI (2019) Department of the Interior, OVS 2180 Harvard Street, Suite 180 Sacramento, CA (916) kellyjunderwood@yahoo.com John M. Ryan (2019) RYAN, Real Estate Appraisers & Sons, Inc P.O. Box Redding, CA (530) jr@ryanappraisals.com Richard Walcott, MAI (2020) BBG 1708 Q Street Sacramento, CA (916) rwalcott@bbgres.com FINANCE Justin Kobilis, MAI J.kobilis@benderrosenthal.com CANDIDATE GUIDANCE COMMITTEE Judy Dowdy, SRA J. Dowdy, Appraisal Consulting Owner Skislope Way Truckee CA (530) judy@judydowdy.com PAST PRESIDENT/NOMINATING COMMITTEE Steve Parent, MAI, SRA, AI-GRS, AI-RRS s.parent@benderrosenthal.com Chapter Education Committee Joe Esparza, MAI Colliers International, Inc 1508 Eureka Road, Suite 250 Roseville, CA (916) joe.esparza@colliers.com BYLAWS COMMITEE Janet Holland, MAI, AI-GRS Wells Fargo RETECHS Senior Real Estate Analyst 1620 E. Roseville Parkway Roseville CA (916) janet.holland@wellsfargo.com NEWSLETTER COMMITTEE Bob Steed Colliers International 1508 Eureka Road Suite 250 Roseville CA (916) bob.steed@colliers.com Kathy Cline, SRA InCline Group, LLC 1387 Seymour Circle Lincoln, CA (916) kathycline@aol.com GOVERNMENT RELATIONS Jared Calabrese, MAI (2019) j.calabrese@benderrosenthal.com

President s Letter. Dear Chapter Members and Families,

President s Letter. Dear Chapter Members and Families, 1 Sacramento Sierra Chapter December 2014 Appraisal News & Review Inside this issue: President s Letter.1 Upcoming Education...2 Government Relations Update..2-3 New Chapter Members..3 AI Annual Meeting..3