As we approach the end of 2019, I would like to congratulate our members on their accomplishments during the past year.
Our chapter has an abundance of volunteers that are willing and able to make things happen at the local, regional and national levels.
We just successfully completed the first joint Appraisal and Banking Conference this fall. The speakers were dynamic, and the question and answer session extended far beyond the planned end of the conference. The feedback was very positive, and we are looking forward to a future event with the banking industry. A big thanks to all of the members that assisted with planning and setting up this event.
We will host another Fall Real Estate Symposium at Top Golf in Nashville on November 19, 2020. Please save the date and email Myra Pitts if you are interested in being a sponsor for this event. It will be an excellent event featuring relevant and interesting speakers and is geared toward real estate agents, appraisers, bankers, lawyers and university students.
The Tennessee Chapter's educational offerings are the envy of many from other locations. The depth and variety of the qualifying education, designation education, and seminar offerings serve our members, as well as, everyone else in the appraisal industry. Feedback indicates that out of state class participants like our “no cancellation” policy and our chosen venues from across Memphis to Johnson City.
I encourage each of you to plan early for your continuing education needs and enroll in some of our classes during the coming year. To see a list and register for our educational offerings, please visit tnappraiser.org.
Our chapter continues to grow and get better, particularly this year due to the merger of the Memphis and Greater Tennessee Chapters. Together, we can accomplish great things. I would love to see our chapter put in a bid to host the national conference again in a few years. It requires a lot of help and support to make the conference successful, but is well worth the effort in my opinion.
Many of you are already hold one or more designations from the Appraisal Institute. I would encourage those of you contemplating a pursuit of a designation path to talk with our chapter’s leadership team. There is valuable support available from our chapter in terms of advisors and candidate guidance. If you have questions or need additional information, you can find it on the Appraisal Institute website here.
The 4th quarter chapter meeting is fast approaching and will be held December 12th in Franklin, TN. It is always such an enjoyable event with the “silent auction”. Each year, all proceeds from the auction go toward funding our chapter members’ attendance at the Leadership Development and Advisory Council (LDAC) in Washington D.C. We always have a strong presence in Washington, and it is largely due to your generous donations and auction bids. So, thank you!
Lastly, our chapter was recently honored by an entreaty from Ted Anglyn requesting honorary membership status by the Tennessee Chapter. Ted Anglyn, MAI, was a longtime member of the Atlanta Chapter and served them in numerous leadership roles including Chapter President. He was also an Appraisal Institute instructor for more than 30 years before he died. Ted has been a friend and mentor to so many over the years. We were able to confer the designation of “honorary member” of the Tennessee Chapter with a beautiful certificate for him just days before he passed. As many of you know, Ted lost his battle with cancer earlier this month, but he will always be revered by the Tennessee Chapter.
Lastly, let me say that it has been an honor and a privilege to serve as your chapter president this past year. I believe that the best is yet to come and that you all have much to look forward to from the new leadership team and our members.
Clayton Haehl, MAI, SRA, AI‐RRS
2019 Tennessee Chapter President
Memphis Branch Chapter Christmas Party
The Memphis Branch Chapter's Christmas Party will be held December 4th, 2019 at The Second Line in Overton Square.
This event is free for members and $25 per guest. Please register here if you plan to attend.
The Second Line
2144 Monroe Ave
Memphis, TN 38104
Schedule of Events:
6 p.m. – 7 p.m. – Cocktail Hour (cash or credit)
7 p.m. – 9 p.m. – Dinner (complimentary)
Complimentary valet parking is available for this event. Tips are, of course, appreciated.
Again, please click here to register.
The Tennessee Chapter’s next meeting will be held Thursday, December 12th at the Westhaven Golf Club in Franklin, TN.
National Appraisal Institute President Elect Jeff Sherman, MAI, AI-GRS will join us to give a short presentation on the state of the Appraisal Institute and install the Tennessee Chapter Officers for 2019.
As an added member benefit this year, a professional photographer will be onsite from 5 p.m. - 7 p.m. to take a complimentary headshot for anyone who wants one.
As usual, this event is free for members and $25 per guest. Please register here if you plan to attend.
Chapter Meeting Venue Information:
Westhaven Golf Club
4000 Golf Club Lane
Franklin, TN 37064
Schedule of Events:
4 p.m. – 6 p.m. – Board of Directors Meeting
6 p.m. – 7 p.m. – Cocktail Reception & Silent Auction (cash bar)
7 p.m. – 9 p.m. – Dinner and Installation Banquet
Parking is free for this event.
Again, please register here if you plan to attend.
Hotel Reservation Info:
We do not have a block of rooms anywhere. However, the Drury Plaza Hotel Nashville Franklin is recommended for those attending the chapter meeting.
If you plan to attend the 7 Hr National USPAP Update on December 13th in Nashville, the Four Points by Sheraton Brentwood is recommended. It is closer to the class venue and traffic can be heavy in the mornings.
On November 6th, 2019, the Tennessee Department of Financial Institutions (TDFI) Commissioner Greg Gonzales, First Community Bank of Tennessee’s Scott Cocanougher, TBA President Colin Barrett, and Rex Garrison, MAI, SRA, AI-GRS of Johnson City were invited to speak to a group of bankers, appraisers, federal regulators and industry leaders in Bismarck, N.D., regarding efforts made in Tennessee to address the appraisal challenges many banks are facing.
Recently the state of North Dakota was granted a waiver from certified appraisals for one year. The discussions surrounded efforts to increase communications between the groups, better understand changes made by Dodd-Frank, and provide resources for bankers and appraisers to connect. An important part of the discussion was the need to reduce the barriers of entry into the appraisal profession, including eliminating the need for apprenticeships in order to increase turnaround times for banks and to eliminate the need for future waivers. The TBA looks forward to being a leading part of this discussion going forward.
From left to right: TBA President Colin Barrett, South Dakota Financial Institutions Commissioner Bret Afdahl, TDFI Commissioner Greg Gonzales, North Dakota Financial Institutions Commissioner Lise Kruse, First Community Bank of Tennessee CEO Scott Cocanougher, Garrison Appraisal Services Rex Garrison, and North Dakota Bankers Association CEO Rick Clayburgh.
Memphis Chapter Past President (2006 & 2012), Eric Trotz, MAI, AI-GRS was recently appointed to the National Association of REALTORS Committee: 2020 Real Property Valuation Committee, Member: At-Large.
In addition, he currently serves on the Memphis Area Association of REALTORS (MAAR) Board of Directors for 2019/2020 and as the 2020 Secretary-Treasurer for MAAR.
Trotz is also a 2019 Tennessee Realtors Director.
The Tennessee Chapter of the Appraisal Institute is proud to congratulate Eric Trotz on these achievements. Thank you for your willingness to serve your chapter, your community, and the real estate industry as a whole!
The Appraisal Institute transitioned to a new "netForum" software system on October 1st, 2019. The ultimate goal is for your overall experience as users to be enhanced. However, as with any new system, there are some kinks that we are currently working to resolve. Your patience and understanding are greatly appreciated as we continue making this system the best that it can be.
For now, I'd like to direct your attention to the new Education Search Page. I highly recommend that you bookmark this page and label it "AI Education Search."
From here you will be able to search for Appraisal Institute Education by class title, state, or chapter. You will also be able to choose offerings based on your preference of an online, synchronous, or classroom experience.
I'd like to specifically draw your focus to the "Chapter Events" icon that is circled in the heading of this article. It was added to the search page on November 13th to help users find the "homegrown" education and social events being held in their area. You may click "Tennessee" to see a list of upcoming local offerings and social events for our chapter. Again, I highly recommend bookmarking this page and labeling it "TN Chapter Events."
While it may not seem ideal to visit two separate pages to see all the events happening in your area, it is the most efficient solution we have come up with for now.
Additionally, I have listed a complete schedule for Tennessee on our chapter website that contains live registration links for each offering. Please bookmark www.tnappraiser.org and feel free to check it frequently as I intend to keep it updated throughout the year.
Please contact me if you have supplementary questions regarding the new netForum software system. I am happy to help.
Myra W. Pitts, Executive Director
A complete list of classes for 2019 & 2020 is provided below. You can see additional information, such as pricing and location, as well as register for these classes by clicking on the title of the class below.
December 2nd - The Cost Approach: Unnecessary or Healthy to a Vital Practice, Nashville (7 Hrs) Please note that this is being offered by the National Appraisal Institute Office out of Chicago. It is not a chapter offering. Contact Sue Siradus with questions.
December 6th - 7 Hr National USPAP Update for 2020/2021| Memphis
December 13th - 7 Hr National USPAP Update for 2020/2021| Nashville
January 10th - 7 Hr National USPAP Update for 2020/2021 | Johnson City Area
January 13th - Supervisory Appraiser/Trainee Appraiser Course | Memphis (7 hrs)
February 7th - Evaluating Residential Construction | Nashville (7 hrs)
February 10-11th - Real Estate Finance, Statistics, and Valuation Modeling | Nashville (15 hrs)
February 12-13th - Residential Report Writing & Case Studies | Nashville (15 hrs)
February 28th - 7 Hr National USPAP Update for 2020/2021 | Memphis
March 1-2nd - Advanced Residential Applications Case Studies/Part 1 | Nashville (15 hrs)
March 3-6th - Advanced Residential Report Writing/Part 2 | Nashville (15 hrs)
March 13th - 7 Hr National USPAP Update for 2020/2021 | Knoxville
March 23-26th - General Appraiser Income Approach/Part 2 | Nashville (30 hrs)
March 30-April 3rd - Quantitative Analysis | Nashville (30 hrs)
April 20-23rd - General Appraiser Market Analysis and Highest & Best Use | Nashville (30 hrs)
May 1st - Simple Tools for Credible Results | Nashville (7 hrs)
May 4-7th - General Appraiser Report Writing & Case Studies | Nashville (30 hrs)
May 8th - The Cost Approach: Unecessary or Healthy to a Vital Practice | Johnson City Area (7 hrs)
May 22nd - 7 Hr National USPAP Update for 2020/2021 | Nashville
June 8-11th - Basic Appraisal Principles | Nashville (30 hrs)
June 15-18th - Basic Appraisal Procedures | Nashville (30 hrs)
June 22-23rd - 15 Hour USPAP Course | Nashville (15 hrs)
June 24th - Supervisory Appraiser/Tranee Appraiser Course | Nashville (7 hrs)
August 7th - Real Estate Damages | Memphis (7 hrs)
August 10-11th - Residential Market Analysis and Highest & Best Use | Nashville (15 hrs)
August 12-13th - Residential Site Valuation and Cost Approaches | Nashville (15 hrs)
August 24-27th - General Appraiser Site Valuation & Cost Approach | Nashville (30 hrs)
September 1st - Business Practices & Ethics | Knoxville (4 hrs)
September 10th - Artificial Intelligence, AVMs and Blockchains: Implications for Valuation | Chattanooga (4 hrs)
September 11th - Examining Property Rights and its Implications on Valuation | Chattanooga (7 hrs)
September 14-17th - Residential Sales Comparison and Income Approaches | Nashville (30 hrs)
September 21-24th - General Appraiser Sales Comparison Approach | Nashville (30 hrs)
October 5-9th - Advanced Income Capitalization | Nashville (30 hrs)
October 15th - How Tenants Create & Destroy Value: Leasehold Valuation and its Impact on Value | Knoxville (7 hrs)
October 23rd - Examining Property Rights and its Implications on Valuation | Memphis (7 hrs)
November 9-12th - General Appraiser Income Approach/Part 1 | Nashville (30 hrs)
December 11th - Litigation Assignments for Residential Appraisers: Doing Expert Work on Atypical Cases | Knoxville (4hrs)
December 11th - Ignorance Isn't Bliss: Understanding an Investigation by a State Appraiser Regulatory Board or Agency | Knoxville (4hrs)
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!
Online Education: Learn at your own pace anytime, anywhere.
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