It is hard to believe that spring is already here. This has been an eventful year to date for our chapter.
We approved the Memphis Chapter’s merger proposal at our meeting in Oak Ridge in February. The proposal must now be approved by the national board of directors at their meeting over the dates of May 9th & 10th in Chicago. Once approved, the entire state will be united as one chapter known as The Tennessee Chapter.
In March, the Appraisal Institute debuted a new class in Nashville entitled Rural Valuation Basics. It was developed and taught by local chapter member, Michael V. Tankersley, MAI, SRA, AI-RRS. The class sold out in attendance and was well received by members and non-members from across the United States.
The Greater TN Chapter is also excited to have welcomed several new volunteer members to serve on committees in 2019. These members have stepped up and are eager to share their time and talents with the chapter, which I believe can only be a great sign for our future.
A total of six members of the Greater TN Chapter were approved to attend the Leadership Development & Advisory Council (LDAC) conference over the dates of May 15-17, 2019 in Washington D.C. That is an outstanding number and will ensure that Tennessee is well represented at the conference this year.
LDAC is a great training experience for future leaders. It provides an opportunity to establish an "appraiser presence" in congress. Participants are organized into congressional teams that lobby on Capitol Hill and demonstrate that the Appraisal Institute is made up of professionals who recognize the importance of being actively involved in the political process. It also provides an opportunity to befriend members in Appraisal Institute Chapters from all over the United States. I strongly encourage anyone that is interested in chapter leadership to throw your hat into the ring for a chance to attend LDAC when it comes time to write an essay next year. LDAC is a three year commitment and some participants will be chosen as a discussion leader or LDAC Leadership for a 4th year. I know from attending the conference myself that it is well worth the time invested.
I’d also like to encourage you to volunteer to serve on a chapter committee if you are interested in a leadership role or if you simply would like to be more involved with our chapter.
Our education lineup in 2019 is second to none, and I encourage each of you to take a good look at the variety and depth of training classes for the balance of the year. The feedback on our classes and our choice of Appraisal Institute instructors has been very positive from past students. Please note that we also offer designation education if any of you are interested in pursuing your designation. More information can be found on the Appraisal Institute website under designations.
If you have any questions related to our education offerings or designation requirements, please contact any of the Greater TN Chapter Officers, our Executive Director or the national staff for assistance.
Please remember that a class scheduled by the Greater Tennessee Chapter will not be cancelled. You can make your travel accommodations without fear that we will cancel a scheduled class.
A significant event is coming up in July with the national annual conference occurring in Denver, Colorado. If you have never attended an annual conference, it is a great opportunity to learn about what is currently happening in our industry, hear from our national leadership team, interface with fellow appraisers across the world, and receive continuing education credits to boot. It is a meaningful event that will make you want to attend all future conferences. You may register and find more information regarding the national conference on the Appraisal Institute website here.
I’m looking forward to seeing many of you at our next chapter meeting in Brentwood on April 25th. Please continue reading this newsletter for more details on that event.
Clayton Haehl, MAI, SRA, AI‐RRS
2019 Greater TN Chapter President
Chapter Meeting - Brentwood
The Greater Tennessee Chapter’s next chapter meeting will be held Thursday, April 25th at the Four Points by Sheraton in Brentwood, TN. As usual, it is free for members and $25 per guest. Please register if you plan to attend.
You will not want to miss this meeting as the TN Commissioner of Finance, Greg Gonzales, will be our speaker for the evening. Gonzales serves as Tennessee’s chief regulatory officer of all state-chartered depository and licensed non-depository financial institutions. Additionally, he has served as assistant commissioner and general counsel for the department.
Chapter Meeting Venue Information:
Four Points by Sheraton Brentwood
760 Old Hickory Blvd
Brentwood, TN 37027
Schedule of Events:
1 p.m. – 4 p.m. – Parking & Its Impact on TN Properties (3 hrs CE in TN)
4 p.m. – 6 p.m. – Board of Directors Meeting
6 p.m. – 7 p.m. – Cocktail Reception (cash bar)
7 p.m. – 9 p.m. – Dinner and Chapter Meeting
There is no charge for parking.
Please register here if you plan to attend.
Slate of Officers for 2020
The Greater TN Chapter Nominating Committee has submitted the following Slate of Officers for 2020.
2020 Chapter Officers
Murray W. Huber, RM....................President
Steven M. Goodpaster, MAI ..........Vice President
Benjamin R. Sellers, MAI ..............Treasurer
T. Seth Rohling, MAI, AI-GRS ........Secretary
2020 Chapter Directors
Fred H. Metz, SRA -...........1 year Board of Director
Michael E. Williamson .......1 year Board of Director
Richard A. (Andy) Crook... 2 year Board of Director
Mark T. Watson II, MAI......2 year Board of Director
David J. Stanley, MAI........3 year Board of Director
William C. Haisten, III ..... 3 year Board of Director
Clayton W. Haehl, MAI, SRA, AI-RRS........ Ex-officio
2020 Regional Representatives
Steven M. Goodpaster, MAI...........Vice President
T. Seth Rohling, MAI, AI-GRS........Education Chair
Eric L. Boozer, MAI...............Regional Representative
Lara Sue Watson, MAI ........ Regional Representative
The chapter is allowed to have up to ten (10) Alternate Regional Representatives. In the event that one of our elected regional representatives is unable to attend a region meeting, one of the members listed below would attend in his/her place.
Michael Ashworth, MAI
Creighton R. Cross, MAI, AI-GRS
Brian R. Eades, MAI
Christopher C. Hall, MAI, SRA
Thomas W. Hetrick, SRA, AI-RRS
Christopher S. Lassiter, MAI
David M. Mainord, MAI, AI-GRS
Taylor Vandever, MAI
The election will be held at our next chapter meeting in Brentwood on April 25th, 2019. Please register here if you plan to attend this meeting.
Upcoming Happy Hour Events
The spring happy hour events are back by popular demand!!
Please join the Greater Tennessee Chapter for a spring happy hour at the new Wild Wing Cafe near Knoxville on Friday, April 12th and again at M.L. Rose in Nashville on May 20th.
We will be out on the patio (weather permitting) from 4pm to 7pm and would love for you to join us.
There will be lots of free appetizers for all, but you will need to plan to purchase your own adult beverages. Come see old friends and network with some other appraisers. There is no need to RSVP, but we hope to see many of you there!
Friday, April 12th
Happy Hour at Wild Wing Cafe
119 East Emory Road
Powell, TN 37849
4 p.m. - 7 p.m.
Wild Wing Cafe, Directions
Monday, May 20th
Happy Hour at M.L. Rose
2535 8th Ave South, #107
Nashville, TN 37204
4 p.m. - 7 p.m.
M.L. Rose, Directions
On Tuesday, October 15, 2019, there will be a chance for appraisers and bankers to come together to build relationships through timely education, Q&As, and networking. CE will be available. It's a chance to lead our industry toward solutions that could potentially set a new standard nationally when it comes to working with our appraisal clients.
For now, I hope you will all Save The Date and stay tuned to your inboxes for more details and a link to register for this event on October 15th.
A complete list of our classes for 2019 is provided here. You can see additional information, such as pricing and location, as well as register for these classes by clicking here.
April 8th - Evaluating Commercial Leases: The Tenant & Terms Both Matter, Nashville (7 hrs)
April 15-18th - General Appraiser Mkt Analysis & Highest & Best Use, Nashville (30 hrs)
April 25th - Parking & its Impact on Tennessee Properties, Brentwood (3hrs)
April 26th - How Tenants Create or Destroy Value, Nashville (7 hrs)
May 6-9th - General Appraiser Report Writing & Case Studies, Nashville (30 hrs)
May 20th - 7 Hour National USPAP Update for 2018/2019, Nashville, (7 hrs)
May 21-24th - Valuation of Conservation Easements, Nashville (30 hrs)
June 10-13th - Basic Appraisal Principles, Nashville (30 hrs)
June 17-20th - Basic Appraisal Procedures, Nashville (30 hrs)
June 24-25th - 15 hour USPAP, Nashville (15 hrs)
June 26th - Supervisory Appraiser/Trainee Appraiser Course, Nashville (7 hrs)
Aug. 12-13th - Residential Market Analysis and Highest & Best Use, Nashville (15 hrs)
Aug. 14-15th - Residential Site Valuation and Cost Approaches, Nashville (15 hrs)
Aug. 19-22nd - General Appraiser Site Valuation & Cost Approach, Nashville (30 hrs)
Sept. 13th - Forest Valuation for Non-Foresters, Chattanooga, (7 hrs)
Sept. 16-19th - Residential Sales Comparison and Income Approaches, Nashville (30 hrs)
Sept. 20th - Examining Property Rights & Implications in Valuation, Nashville, (7 hrs)
Sept. 23-26th - General Appraiser Sales Comparison Approach, Nashville (30 hrs)
Oct. 7-12th - Advanced Concepts & Case Studies, Nashville (40 hrs)
Oct. 15th - TN Banker & Appraiser Event - Save The Date, Nashville (hrs TBD)
Nov. 4-7th - General Appraiser Income Approach Part I, Nashville (30 hrs)
Dec. 13 - 7 Hr USPAP for 2020/2021, Nashville (coming Nov. 2019 to website)
Click here to register. We NEVER cancel classes, so you should always feel free to make your travel plans far in advance without fear of having to change them later. We GUARANTEE it!
U.S. Appraiser Fact Sheet & Update
As of December 31, 2018, the number of active real estate appraisers in the U.S. stood at 78,015, a decrease of 5% versus 2017. The average rate of decrease for the past five years has been approximately 2.6% annually. Broader analysis suggests that declines may continue due to retirements, fewer new people entering the appraisal profession, economic factors, government regulations, and greater use of data analysis technologies.
Click here to see several applicable pie charts and bar graphs.
U.S. appraiser population statistics were derived from the ASC National Registry as of Dec. 31, 2018. Additional demographic statistics were derived from Appraisal institute studies conducted in 2016-2019 that were comprised of randomly selected AI and non-AI real estate valuation professionals. In Q1 2019, the Appraisal Institute invited 15,600 valuation professionals, resulting in 750 responses. This survey's margin of error is approximately +/- 3.56 percentage points at the 95 percent confidence level.
Online Education: Learn at your own pace anytime, anywhere.
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!