colorado chapter appraisal news appraisal institute · 2015. 1. 28. · a dv erti s mn u b c a- y....

LOCATION Summit Conference and Event Center. 411 Sable Blvd., Aurora, CO 80011

SCHEDULE REGISTRATION 7:30 am – 8:00 am

SEMINAR 8:00 am – 5:00 pm

Lunch and Chapter Meeting Noon – 1:00 p.m.

Designation presentations.

CONTINUING Once approved there will be 8 Hours of EDUCATION Continuing Education – Appraisal Institute

and 8 Hours of Continuing Education –State of Colorado

FEE Members of the Appraisal Institute: $65.00 Non-Members and Guests: $85.00

Fee includes ALL OR ANY PART of the PotPourri and Lunch……YOUR CHOICE!!

Lunch Only $25.00 (Call the Chapter Office 303.691.0487)

Your Chapter education committee is actively workingto bring you a fantastic, interesting, informative andfun 2014 PotPourri!

AppraisalInstitute®

Professionals ProvidingReal Estate Solutions

Editor: Richard C. Mosier, MAI www.colo-ai.org Publisher: Sherry Engleberg

Volume 24, No. 3 — July, 2014

COLORADO CHAPTER APPRAISAL NEWS

AUGUST 7, 2014The Colorado Chapter of the Appraisal Institute will present

2014 PotPourri Seminars

WATCH FOR DETAILS AND REGISTRATION AVAILABILITY COMING SOON!

Save The Date!

2014 REGION II REPRESENTATIVES

One Year TermWilliam Bush, MAI......................................................................Dana Larson, MAI [email protected] Roerig, MAI [email protected] Schley, [email protected]

Two Year TermRichard C. Mosier, MAI [email protected] Moxley, [email protected] O Stevens, MAI, [email protected]

AlternatesLisa Desmarais, SRAJeovani Gaytan, SRARon Holm, SRA

2014 OFFICERS AND DIRECTORS

PRESIDENTCharles Nelson, MAI [email protected]

VICE-PRESIDENTRodman Schley, [email protected]

SECRETARY/TREASURERMichael D. Sullivan, MAI, [email protected]

PAST PRESIDENTKaren L. Tool, SRA [email protected]

DIRECTORS1 YearSusan Ebert-Stone, SRA [email protected] Henry, [email protected] Larson, MAI [email protected]

2 YearsMarge Moore [email protected] Seccombe, MAI, [email protected] Vaughn, [email protected]

3 YearsLisa Desmarais, [email protected] Holm, SRA [email protected] Ferguson, [email protected]

2014 CHAPTER COMMITTEE CHAIRS

Bylaws ChairRichard C. Mosier, MAI [email protected]

Candidate Guidance AdvisorsBonnie Roerig, MAI [email protected] Ebert-Stone, [email protected]

Candidate CommitteeGeneral: Jon M. Vaughan, MAI [email protected]: Brent Henry, SRA [email protected]

Education ChairSusanne Dickinson, [email protected]

Government RelationsArthur Alarcon, SRA, Chair [email protected]

Public Relations

Newsletter EditorRichard C. Mosier, MAI [email protected]

Advertising Policy1. Advertisements must be camera-ready.2. Advertisements must represent closely-related businesses or

services to the real estate appraisal field.3. All advertisements submitted for publication are subject to

the Editor and Publisher’s approval.4. Appeals for rejections will be submitted to the Board of

Directors and their decisions are final.5. Fees are as follows:

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Full Page 7" x 10" $165 $175Half Page 7" x 5" or 33⁄4" x 10" $ 90 $100Quarter Page 31⁄2" x 41⁄2" $ 50 $ 601/8 Page (Bus. Card size)

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Colorado Chapter does not endorse any product or serviceadvertised in this newsletter.Send camera-ready copy and check to:

Appraisal Institute, 1540 S. Holly, #5, Denver, CO 80222

If you have questions, please call 303-691-0487Outside Denver metro area 1-800-571-0086

www.colo-ai.org

A



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FERINGS – SUPPORT YOUR CHAPTER!

Chapter members,

As many of you are aware, one of our members,Peter Bowes, is in recovery after suffering a seriousinfection. For those who may not be aware, Peteris a past President of our Chapter, was the nationalPresident in 1986, and was President of the Amer-ican Institute of Real Estate Appraisers, ColoradoChapter. Peter has contributed countless volunteerhours, and has played a major role as an educatorand teacher for the national organization.

More important than Peter’s contribution to ourprofession is his contribution to his family. Peter isa great gentleman, father, grandfather, and hus-band. As President of our chapter, I want to person-ally wish Peter the quickest recovery possible, andencourage our membership to send sentiments.

As we continue to cultivate the Candidacy pro-gram I want to encourage designated members tobecome Advisors. Currently we have seven candi-dates in Colorado who do not have advisors. Again,please visit the national web site to find out how tobecome an advisor.

In addition to the Candidacy program, the Ap-praisal Institute is following through on threemajor strategic initiatives announced in October of2013 that have the potential to fundamentally re-shape the global valuation profession. The initia-tives include:

• Proposed Standards of Valuation Practice thatcould serve as an alternative for valuation pro-fessionals where national or other standardsare not required;

• Expanded delivery of Appraisal Institute educa-tion, becoming more proactive in identifyingand pursuing appraisal educational opportuni-ties;

• A new certification organization to establish afuture generation of cross-disciplinary valua-tion professionals and to enhance their mar-ketability in a competitive job environment.

The formation of the new certification organiza-tion known as the International Center for ValuationCertification (ICVC) was announced on May 8, 2014.The ICVC will award cross-disciplinary valuationcertifications to individuals who meet select crite-ria. The goal will be to address current marketneeds and opportunities, advancing professionals,and serving the public and clients. The initialBoard of Directors includes, Richard L. Borges II,MAI, SRA, Charles T. Cowart, MAI, Jeffrey S. En-

right, MAI, James L. Murrett,MAI, SRA, Misty K. Ray, MAI,Faith A. Roland, SR/WA, andSara W. Stephens, MAI.

Two exposure drafts of theproposed Standards of Valua-tion have been issued. Thesestandards could serve as analternative for valuation professionals when cur-rent national or other standards are not required.The standards could serve as an alternative set ofstandards that could be used independently, andnot as an additional set of required standards. Thestandards are not meant to replace current stan-dards of practice or the Uniform Standards of Pro-fessional Appraisal Practice (USPAP).

Delivery of Appraisal Institute Education is alsobeing expanded. This is being completed by in-creasing the number and scope of providers, andbecoming more proactive in identifying and purs-ing educational opportunities. By expanding edu-cation, the institute is solidifying and strengtheningour position as the leader in appraiser education,increasing our exposure, expanding recognition,and strengthening our relationship with other or-ganizations.

All of the latter initiatives create greater value toour designations, and value to each individual ap-praiser. As we grow as a profession it is importantfor individual members to participate through vol-unteer work, advising, attending meetings, and soon.

The institute also has an Advocacy group. TheWashington Office’s mission is as follows:

• Present your needs regarding critical issuesimpacting the appraisal profession throughcontinuing interaction with Congress and fed-eral agencies.

• Keep you informed and as up-to-date as possi-ble on those key issues and how they affectyou.

• Support Congressional candidates who arepro-appraiser and pro-real estate through ourpolitical action committee, AI PAC (the Ap-praisal Institute Political Action Committee).

Please visit the national web site to find out howto contribute to the Advocacy Group.

Thank you for your time, and I hope to see youat the next Chapter meeting.

PRESIDENT’S REMARKSby Charles Nelson, MAI

So Long, ChetThis spring we lost one of our own, ChetBuhrmann. I did not know Chet very well or forvery long. My only contact with him was throughAI committees and boards. Our relationship wasstarting to really warm up when he passed unex-pectedly. I went to his memorial service and wasstruck by the number of people that stood up whenthe speaker asked how many in the crowd workedfor or with Chet Buhrmann. I would guess fifty ormore people stood up. This is remarkable in thetimes we live in now, with many appraisers work-ing alone or with very small groups. We lost a goodman in Chet Buhrmann, and the profession lost ateacher, mentor, and a source for propagation ofthe appraiser species; this, at a time when we needit most as a profession.

When remarking on the fleeting nature of life atthe memorial service, a colleague said it’s too badwe don’t live each day as if it was our last. I did notknow Chet Buhrmann very well and not for verylong but I sensed he did live the most out of everyday. It was part of his code and I resolve to make itpart of mine.

Megan Richard was awarded an AI EducationTrust Scholarship to attend Real Estate Finance,Statistics and Valuation Modeling in June.�J. P Nisley was awarded the AI Education TrustCandidate for Designation Scholarship.

The Scholarship will cover education tuition feefor:

• Advanced Market Analysis and Highest andBest Use — August 21–26

• Quantitative Analysis — September 25–30• Advanced Concepts and Case Studies — No-vember 6–12�

Congratulations to these winners!

AIET Scholarship Applications due July 1The next Appraisal Institute Education Trust Schol-arship deadline is July 1. Three scholarships areavailable to eligible Candidates for Designation:

• Appraisal Institute Education Trust AI CourseScholarship

• Appraisal Institute Education Trust Minoritiesand Women AI Course Scholarship

• Appraisal Institute Education Trust Candidatefor Designation Scholarship.

Please note: It is recommended that, prior tosubmitting a scholarship application, applicants at-tend a minimum of two Appraisal Institute chaptermeetings annually.

Learn more about AIET Scholarships here oremail [email protected].

EDITORIALRAMBLINGS

by Richard C. Mosier, MAI

ONLINE EDUCATION: LEARN AT YOUR OWN PACE

ANYTIME, ANYWHERE!Top-notch Appraisal Institute courses andseminars come straight to your desktopwith online education!. Learn from anycomputer anywhere, whenever you havetime. It's easy, convenient and a great wayto get the education you want. Check outthe current course listing now!

www.appraisalinstitute.org/onlineEDUCATION

Click on the link for online education.

Appraisal Institute Scholarship Winners!

Governor Hickenlooper has appointed Richard Shields, SRA to

the Colorado Appraisal Board (Division of Real estate/DORA) for a

three year term effective in July.

On behalf of the Colorado Chapter, Congratulations!

I just had the honor and privilege of being askedby Karen Tool, SRA, Chairperson of the chapterNominating Committee, to serve on the Nominat-ing Committee this year.

First, I have to tell you that I have been called bythe Nominating Committee twice, once to serve asa Regional Representative and second to serve onthe Board of Directors. Both times I was sitting inmy office trying to figure out how to do less workfor more money. After being asked, and accepting,I thought “they must be scraping the bottom of thebarrel and just needed a warm body to have calledme, because I didn’t think I was qualified.” If anyof you have had the same thought, let me tell yousomething, you couldn’t have been more wrong!!!

The Nominating Committee meets to fill the va-cancies for the Secretary/Treasurer position, 1year, 2 year, and 3 year positions on the Board ofDirectors, 2-year & 1-year Region II Representa-tives and four Region II Alternates. This year wehad to fill vacancies at Secretary/Treasurer, one, 1-year Director, three, 3-year Directors, three, 2-yearRegion II Reps, and four Region II Alternates.

The Nominating Committee compiles a list ofDesignated and Candidate members that they feelwould be an asset to our Chapter while serving inone of these positions.

The list is compiled by:

• Checking the AI National website under theVolunteer Opportunities, Leadership ResourceRegistry, to see who has expressed an interestto serve on a committee, project team, advisoryboard or panel. If you haven’t looked at it,please do so, as it is a great resource for youand our chapter.

• Those who have expressed, to any of our offi-cers or directors an interest in serving, and

• Those newly Designated and other Designatedand Candidate members who are active in theChapter.

When the Committee meets they go over all themembers on the list trying to find the best fit for avacancy. The natural progression is to start at oneof the Regional Representative Positions then moveup to one of the Board of Director positions. Thereis lot of time and discussion that goes into fillingthese vacancies and once the selections have beenmade the phone calls go out to the those selectedto see if he/she would be willing to serving in thatposition.

So, if you get this phone call, just remember, youwere at the top of the barrel, not at the bottom, andyour service to our chapter is greatly appreciated.



CHAPTER NOMINATING COMMITTEERonald P. Holm, SRA

THANK YOU!Kudos to those members from the Col-orado Chapter that spent time and ef-fort on the creation of the one pagereport in Matrix.We certainly thank Brent Henry, SRA,

Ron Holm, SRA and Mark Seccombe,MAI, SRA!

PMark Your Calendars!Save the Date!

2014 Membership MeetingsAugust 7

October 20

A few weeks ago, my daughter (now 18) said to me“Mom, did we always talk about real estate at ourfamily dinners and gatherings?”

“What … is there some other topic worthy of ourfamily time?” or,

“Why, yes, child, we’ve always been hard workerswho bring our work home with us” or,

“Yeah, so if you want to relate in THIS family, you’dbetter become a Realtor/Appraiser/Developer …”

I was blessed. Not only was I raised with thatGreatest Generation ethic of hard work and sacri-fice, but I had THE BEST mentors right in my ownfamily. I know many appraisers can relate to that,but many don’t have that blessing upon their ca-reer.

Fred (my big brother) was one of those hard re-viewers – but, man, did he train me how to analyzeand communicate and calculate. He still helps mework through confusing appraisal problems. Dad(Bill) was my #1 cheerleader (without the shortskirt) … he’d take me all over our territory and ex-plain the neighborhoods, and show me the bestdonut shops, and always encourage me that I hadit in me to go far (so, I moved two hours away).Customer service was always Bill’s #1 priority inbusiness. Two other brothers – Bob and Jim – arereadily available sources of wisdom and advicewhen the pieces of the puzzle are hidden.

As invaluable as their input was early in my ca-reer, it was my education and service in the Ap-praisal Institute that helped me grow into aprofessional. Through classes and serving at Chap-ter, Regional, and National levels, I got to knowsome of the wisest, most honest, kindest and giving(especially of their time) people – I really think ourprofession is unique in that way. Very fewscoundrels hang around with us. There’s Cliff,Basil, Dennis, Sheila, Bonnie, Don, Peter, West,Lou – just a few from our very own chapter.

All these are people I have had access to callwhen I’ve run upon a puzzle piece in my analysisthat I couldn’t solve. But they’ve also helped my ca-reer expand, when there was a potential assign-ment that I hadn’t had experience in before, I couldcall and get guidance and mentoring to becomeproficient.

You know, appraising can be a lonely profession,as we are known to be an “independent” lot andmany are in an office on their own. I am also a re-view appraiser, and some of the work I’ve seen(and the new and true case studies in USPAP) haveme concerned for our profession. Some think thatthey can get enough training and take enoughclasses to get their license, and then get out ontheir own and be successful. Nothing could be fur-ther from the truth, at least, not in the intrinsicmeaning of becoming a successful appraiser (notjust money).

A successful appraiser keeps building on theirknowledge – of appraisal techniques, of the mar-ket, of economics (etc). A successful appraiser isseeking the truth in every given assignment, inorder to truthfully communicate the results of theiranalysis to their client (not be misleading). A suc-cessful appraiser knows they need a good networkof fellow practitioners so that they can call one ortwo when something comes up that’s out of the or-dinary and they need help “wrapping their brain”around the puzzle. And, a successful appraiser isn’tafraid to ask when they need help.

But, to do this, you first need to have made thoserelationships so you have a network to call upon.I’ve been appraising for 27+ years … I still need it.So, as a mentor, I’d like to offer some advice – GetInvolved. Come to the chapter meetings and theeducational offerings, volunteer to serve in ourchapter or at the State, meet new people and ex-change stories and business cards. Because youknow what else has been a blessing to me? The re-ferrals. Here, I could give tens of names of peopleI know through involvement - and I appreciateevery one of them!

So, come on, you aren’t the Lone Ranger, youcan’t do this on our own. We all need accountabil-ity and we all need a little help sometimes. We’vegot a great group of professionals here in ourChapter who would love to get to know you.

See you at the next meeting!(Susan Ebert-Stone, SRA is co-chair of the Can-

didates/Advisors program for the Colorado Chap-ter. If you are designated, we encourage you tobecome involved as an Advisor!)

“Who’s-Your-Mentor?”

A panel, moderated by Ron Holm,SRA consisting of:

Ry Burke, Metrolist Instructor,Brent Henry, SRA, Green Tree RealEstate Services, Mark Seccombe,MAI, SRA. Universal Lending Corpo-ration, and Gayle Campbell, VP Underwriting, Universal LendingCorporation, presented informationonMatrix; Accessing What You Want”and an Appraisers view of the Matrix.Use and benefits of the system.

How an underwriter looks at ap-praisals. Recent changes regardingthe acceptance of appraisals byFNMA & Freddie Mac and the timelyrelease of the appraisals to the bor-rower and updates regarding theUCDP (Uniform Collateral Data Portal).

Mark Seccombe, MAI, SRA, Gayle Campbell, Ry Burke, Brent Henry, SRA

Richard Rodriguez, ESQ

Ron Holm, SRA and Charles Nelson, MAI

APRIL 2, 2014The Colorado Chapter of the Appraisal Institute

presented the Chapter seminar

CURRENT MATRIX & UNDERWRITING STANDARDS

Can I interest you in an amazing opportunity? Getyourself elected to serve as a Regional Represen-tative for your Chapter. All of the Regional Reps aredoers, some are movers, and a few are movers andshakers. We have philosophers, intelligent and en-gaged appraisers, National committee chairs,course instructors and developers, and just inter-esting people in the ranks of the Region II Commit-tee. This is different from other trade groups. Ourfocus is altruistic, in favor of the profession ratherthan the individual practitioner. In spirit we aretruly a professional society. We meet four timeseach year: twice by conference call and twice in anin-person meeting. Most of what we do is, seem-ingly, inconsequential. If you are task-oriented andresult-oriented, as you must be to research andwrite appraisal reports, there are no tasks andthere are no results you are responsible for. 45-daynotices for changes in the National bylaws are dis-cussed and are usually benign. But once in a whilebig topics come up for spirited discussion; but ourinput is only advisory to the Board members to takeforward. But what really happens, and this is so im-portant it cannot be forgotten (even though it is in-tangible and not perceptible to the outsider), is thatwe get to know each other and get to know ourleaders. The three representatives on the NationalBoard of Directors that represent our Region takeour input to the Board where everything importanthappens. So in our in-person meetings (and youmust commit to go to them to be effective) we getto know our leaders and they get to know us and,by extension, the rest of our chapters. Besides ad-vising our representatives on the National Board ofDirectors, we elect those representatives and arepresentative to the National Nominating Com-mittee. For that we need to know the ambitiousones in our midst, by face, by name and by reputa-tion. There is no substitute for personal contact todo that. The work is important and interesting andthe perk is that the host chapter treats the Regionalcommittee to dinner and some local entertain-ment. And you rub elbows with professionals. Youare known by the company you keep. It is your ca-reer. Do it like you mean it.

And speaking of entertainment, the Wyoming/South Dakota chapter is hosting for the first time

ever. In April, 2015 it will be held in Rapid City andfor dinner one evening we will go to Mount Rush-more where we will be a private party and they willlight up the Presidents for us. Anyone is invited toattend the Region meetings any time, and the spe-cial location and entertainment this time may beextra incentive to come and see what it is all about.It is just before the tourist season and there are somany other things to do around there. You haveworked hard enough and a vacation is in order. Be-sides, everyone must see “Cosmos”, a real kitschytourist trap but fun and amazing. The Reptile Gar-dens are worth the stop as well.

If you can’t wait for next year, the National meet-ing will also feature six or seven combined Re-gional meetings in Austin, Texas in August, 2014.With so many other Regions meeting together it isnot so intimate and we do not have much time withour own Region, but exposure to the National lead-ership is much more intense and there is a thor-ough recap of the goings-on at National.

As for the meeting we just had in Des Moines,we approved the 45-day notice to require a four-year degree for the SRA, consistent with the certi-fied residential requirements required by eachstate. This item elicited no discussion. We electedRodman Schley, our current Chapter Vice Presi-dent, to the National Nominating Committee. Thisis a very important committee and will set Rodmanin good standing to have met people active at Na-tional, so that he can be more effective as ourChapter President next year. The alternate for thatposition is Ken Simpson, past Chapter President forWyoming/South Dakota.

Ordinarily we have someone from the AI offi-cer corps to present the “State of the AI” but dueto some last minute emergency, Gail Hunyar, theRegion II Chair delivered the powerpoint pres-entation (available from Sherry, just call). In it,we learned the advisor program is waning in en-thusiasm and it needs to continue. If you haven’tvolunteered to be an advisor, do so. If you havevolunteered, follow up with your candidates. TheCapstone program to get Candidates through thedemonstration report hurdle has been wildlysuccessful. It runs at capacity whenever andwherever it is offered. We have our new Ap-

AI Region II MeetingApril 4–5, 2014 • Des Moines, IA

By Richard C. Mosier, MAIRegion II Representative for Colorado Chapter

praisal Review designation that is taking off andwe are seeing more designations than before.Unfortunately, more people are retiring anddying than are being designated, so the emphasison getting our Candidates designated is crucial.Job postings on the website are well received.The AI is taking the initiative in drafting Stan-dards of Valuation Practice (SVP) that will notsupplant USPAP or other standards, but wouldserve as an alternative when current national orother standards are not required. An exposuredraft of those standards can be found on the AIwebsite. Please review and comment. The SVPwill become the basis of proposed revisions tothe AI Code of Professional Ethics.

Some stats: 81,000 appraisers in the U.S.; 26%are in or affiliated with the AI; 54% of commercialappraisers are in or affiliated with AI; 11% of resi-dential appraisers are in or affiliated with AI; 25%+of appraisers in the U.S. hold a designation; 50%+of those designated hold AI designations. We arethe dominant organization in the real estate ap-praisal field which is important to our governmentrelations efforts and our education programs. It’sall about numbers in the government relationsgame, and no other appraisal organization has thecritical mass to develop and deliver appraisal edu-cation. So if there is a professional society to ad-vance your career and your interests in theprofession, it is the AI.

Finances are OK. New course offerings and pro-fessional development programs are progressing.A new appraiser certification organization is stillin the strategic planning stage. This could be rev-olutionary and would be the boldest step taken bythe AI in decades.

We had reports from National committees sincesome of our Regional Reps also serve up there. TheGovernment Relations committee is representedby Doug Potts, MAI from St. Louis. This is an in-credibly complex and important committee. Restassured we are represented well in Washingtonand AI is coordinating efforts in the individual Statelegislative bodies. Our own Bob Stevens chairs theAI diversity committee. His message?

1. Diversity is not blindness to color, age or gen-der. Diversity by definition acknowledges dif-ferences.

2. Diversity is not tolerance where the differ-ence is ignored. All is not vanilla. Diversity ishonoring the differences.

3. Tolerance implies disagreement, but respectsthe opposing view.

4. Institutional diversity cannot come except byindividual diversity.

To hear Bob speak was a real treat. When I saythere are interesting people in this organization,he stands out among them, and is the caliber ofpeer I want to be associated with.

We all enjoyed a bus tour and dinner at a localmanufacturing company that makes rustic furni-ture and accessories. (“Sticks”. Have you heard ofit? Neither had I.) I rented a car and took my owntour of the State Capitol building. That’s number18 for me. I just love these outings. You would,too.

ANTIQUE APPRAISER LUNCHEON

We had such a wonderful luncheon today, April 16, 2014!

But do you think anyone of us could remem-ber to take even that first photograph for thenewsletter???? Noo. . .

Attendees:Hank Workman (retired from Denver WaterBoard — used to hire appraisers)Blaine ChaseBill Van Court (89th birthday tomorrow)Brad Beeler, retired MAI (Bonnie's first boss)Burton Lee (brought Brad down with himfrom Boulder)Whiz WamplerDoug NitzkorskiRick MosierJim Konzak and Bonnie Roerig

AI Region II Meeting (Continued)



CODY GALE, MAII was born and raised west of Golden up ClearCreek Canyon on Douglas Mountain. I grew uphiking mountains in my backyard, skiing, snow-boarding, and riding my bike. I attended Ever-green High School and after graduating moved toBoulder to complete my undergraduate studies.After working in the appraisal industry for a fewyears, I attended DU for my Masters in Real EstateFinance and Construction Management.

I have briefly lived abroad in Australia and CostaRica and have always come back to Colorado. Ithink this is one of the best places in the world andam very proud to have the opportunity to live andwork here.

I would sincerely like to thank Greg Kendra,MAI, Scott McHenry, MAI, Jim Bauserman, MAIand John Schwartz, MAI for being excellent men-tors. Gentlemen, thank you very much for offeringexceptional guidance and business opportunitiesto me. Without you guys I surely would not bewhere I am today.

I would also like to thank the national and localAppraisal Institute chapters for affording me thetremendous opportunity of further enhancing myprofessional development.

I currently own and operate Colorado AppraisalConsultants, in which I plan to continue into theforeseeable future.

In my free time I like to get outside and eithermountain bike, windsurf, kiteboard, snowboard,ski or go camping. I also love to travel and read allthe latest Appraisal Institute journals and maga-zines on the plane!

Welcome New MAI’s

Cody Gale, MAI and Charles Nelson, MAI

Bonnie Roerig, MAI, AI_GRS and Charles Nelson, MAI Sarah Fey, MAI and Charles Nelson, MAI

Congratulations on your hard work and achieving your designation!

THOMAS JEFFRIES, MAIAs a native of Colorado, I often wonder if I shouldlook into another place to live and practice ap-praisal. The answer I always come back to is “no!”I have been in Colorado for over 33 years and haveno plans to leave. I grew up in Lone Tree, CO andgraduated from Highlands Ranch High School in1998 (Kyle Dennett MAI was a classmate). Fromthere I obtained a bachelor’s degree and a Masterof Urban and Regional Planning from the Univer-sity of Colorado at Denver.

I have been fortunate in my career up to thispoint as I have worked with some of the most tal-ented people in the business. I began my career incommercial real estate in 2005 as a loan servicingintern with Essex Financial Group in GreenwoodVillage. In that role, I was tasked with inspectingdozens of properties and sifting through mountainsof operating statements for properties across thefront range of Colorado. In 2006, I was hired fulltime as an analyst at EFG and began underwritingnew loans for clients. I worked on a team that wasvery successful during the run-up to the Great Re-cession. In 2008, I realized that my job in the worldof finance was on the chopping block due to thedownturn in lending activity. At that point, I beganto consider my options. Several of my mentorsfrom the financial side of the business recom-mended appraisal as a profession that is less sus-ceptibleto recessions. So I took their advice andbegan my journey into the wonderful world of ap-praisal.

After several years of working for national ap-praisal firms in Denver, I was offered an opportu-nity to work at Duff & Phelps.My role with Duff &Phelps entails producing commercial appraisal re-ports as well as financial reporting valuations. Ad-ditionally, I am tasked with supervising twoaspiring appraisers. As a supervisor, I’ve learnedsome valuable lessons about the business. Themost important lesson I’ve learned is to find theright balance with trainees. Nobody wants to havesomeone constantly looking over their shoulder;but at the same time, it’s easy to get lost in the jun-gle of valuation concepts when you are new to thebusiness. I try to remain engaged, but not over-bearing. It’s always good to keep an open door andan open mind when helping someone learn the ap-praisal process.

The majority of my time outside of work is spentwith my 4 year-old son Trace, 10 month-old daugh-ter Taylin, and my beautiful wife of 7 years, Mandy.

In my (very minimal) spare time I like to go snow-boarding, play softball, and hike an occasionalfourteener. I am very grateful to have had the op-portunity to achieve the MAI designation and I lookforward to continuing an exciting career in com-mercial real estate. My thanks go out to all whohave supported me on this journey.

Thomas Jeffries, MAI and Charles Nelson, MAI

Welcome New MAI’s (Continued)

CHICAGO (June 4, 2014) – Marian Fields, MAI,SRA, of Kansas City, Mo., was recognized today asthe Appraisal Institute’s June “Volunteer of Distinc-tion” for Region II.

“Marian Fields is an exceptional ambassador forthe Appraisal Institute,” said Appraisal InstitutePresident Ken P. Wilson, MAI, SRA. “We’re proudto be represented by individuals like Marian, whofaithfully serve our organization and the real estatevaluation profession, as well as their local commu-nities.”

Fields served as the Kansas City Chapter’s Can-didate Guidance Committee chair in 2013; Associ-ate Guidance chair, Admissions chair andAssociate Member chair in 2012; Nominating Com-mittee chair in 2011; and regional representativein 2009. She was chapter president in 2008, vicepresident in 2007 and treasurer in 2006. She hasalso served on several chapter committees.

Fields has been regional real estate appraiser atU.S. General Services Administration, in Kansas

City since 2009. She has been involved in the realestate valuation profession for 35 years. She holdsa bachelor’s degree in liberal arts from Park Col-lege in Parkville, Mo. She joined the Appraisal In-stitute in 1979, and received her SRA designationin 1979 and her MAI designation in 2009.

She has been involved with Habitat for humanitysince 1999. She served on the Truman HeritageHabitat for Humanity Board of Directors from2004-12, and was president from 2009-10, earningthe Truman Heritage Habitat for Humanity DreamMaker Award in 2011. She was on the Kansas CityWomen's Chamber of Commerce Board of Direc-tors from 1981-85 and was president in 1984. Sheis active in St. Mark’s Catholic Church Bell Choir,the Community Blood Center Century Club, andhas been involved in several other community or-ganizations over the years.

She comes from a large family and is aunt to sev-eral nieces and nephews.

Kansas City’s Marian Fields Honoredas Appraisal Institute’s ‘Volunteer of Distinction’

CHICAGO (April 9, 2014) – Charles “Ray” Fletcher,MAI, of Bentonville, Ark., was recognized today asthe Appraisal Institute’s April “Volunteer of Distinc-tion” for Region II.

Fletcher is a member of the Ozark MountainChapter.

“Ray Fletcher is an exceptional ambassador forthe Appraisal Institute,” said Appraisal InstitutePresident Ken P. Wilson, MAI, SRA. “We’re proudto be represented by individuals like Ray, whofaithfully serve our organization and the real estatevaluation profession, as well as their local commu-nities.”

Fletcher serves on the Ozark Mountain ChapterBoard of Directors. He was Ozark Mountain Chap-ter Education chair in 2013 and 2008. He served aschapter president from 2006-07 and vice presidentfrom 2004-05.

Fletcher has been owner Fletcher Analytics,LLC, in Bentonville, since 2008. He has been in-volved in the real estate valuation profession for 35years. He holds a master’s of business administra-tion and bachelor’s degree from West Texas A&MUniversity in Canyon, Texas. He received his MAIdesignation in 1987.

He is married.

Bentonville’s Charles ‘Ray’ Fletcher Honoredas Appraisal Institute’s ‘Volunteer of Distinction’

Chester H. Buhrmann, Jr., ofPinewood Springs, CO, for-merly of Long Beach, CA andSan Antonio, TX, died April 16,2014 in Boulder. He was bornJanuary 1, 1953 in LivermoreAFB, CA to Chester Herman, Sr.

and Barbara Ann (Schwarz) Buhrmann. Chetearned his Bachelors of Science Degree in Zool-ogy from California State University at LongBeach. He was the owner of Rocky Mountain Ap-praisal Network. Chet was an amazing father,

grandfather, friend and spiritual-seeker, whotouched the lives of everyone who knew him.During his life, he had tremendous success per-sonally, professionally and spiritually. He will begreatly missed by his family and friends, but weknow that he will be embarking enthusiasticallyon the next important steps in his journey. He issurvived by a daughter Amy Vincze and husbandJohney; grandchildren Gabriel Vincze and JadenVincze. Chet is preceded in death by his parentsChester H. Sr. and Barbara Ann Buhrmann.

Chester Buhrmann, Jr.

Former Colorado Chapter SRA member and retiredresidential appraiser Michael G. Carpenter of Love-land, Colorado died late last night, May 5, 2014 fol-lowing a relatively short battle with pancreaticcancer. He had suffered a stroke earlier this springand lost most of his ability to speak. He was makingvery good progress with speech therapy when hecollapsed in early April with heart attack symptoms.Medical diagnosis revealed that there was no heartproblem, but extensive blood clots throughout hisbody indicated a cancer. Further tests revealed theadvanced pancreatic cancer.

Following a short hospital stay he was admittedto a Hospice Care center in Ft. Collins. He was com-fortable and well cared for at this location, but con-tinued to fail physically until his passing last night.

In the 1980’s, Michael did residential appraisal

work in the Metropolitan Denver area (primarily inAurora), spent some time in the same office withanother friend, Dennis Roelker, SRA, and also did astint with the Boulder County Assessor’s Office.After obtaining his SRA designation in the late1980’s, he moved to Boulder, where he continued topractice until he retired from the profession someyears ago.

Michael was actually my Colorado Chapter of theA.I. assigned “Mentor” while I was obtaining mySRA designation during 1990 and 1991. Subse-quently, he was my business partner, office mate,and professional colleague until his retirement. Hehad a wonderful sense of humor, and was a cher-ished friend. I will dearly miss his companionship.

F. D. Duke Prentup, SRA, Boulder, CO

Michael G. Carpenter

Deceased

colorado chapter appraisal news appraisal institute · 2015. 1. 28. · a dv erti s mn u b c a- y....

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