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2013 AI Connect Daily Reports


Friday, July 26, 2013

General Session Addresses Future of Profession
The Appraisal Foundation Board of Trustees Chair Steven G. Elliott, SRA, MRA, told attendees on Thursday that, even as the real estate market continues its slow recovery, the valuation profession still faces numerous challenges, such as market conditions, government intervention, client expectations and many others. 
Elliott also took a look into the future to postulate how appraisers will respond to these challenges, and went on to discuss potential opportunities that may exist for appraisers. "One in every three babies born today will live to be 100 (years old). Think of all the construction," Elliott told attendees. 
Elliott also discussed his views on issues such as professional standards, qualifications, designations, education, ethics and methodology practices. 
Panelists Stress Importance of Technology and Data
Mark Linne, MAI, SRA, chief executive officer of ValueScape Analytics; Rene Circ, director of research, industrial, for Property and Portfolio Research (a division of CoStar Group); and Jack Huntress, managing director, residential, at Environmental Data Resources, addressed attendees during Thursday's closing general session about the future of appraisal data and the crucial role technology plays in running a successful appraisal business. 
The panelists outlined trends and advances in technology impacting the data that is important to real estate valuation. 
"I think the future is about two things: it's about data and technology," Linne told attendees. "It removes road blocks if we (as appraisal professionals) can connect and share with one another."
The panelists also discussed what the landscape will look like for data companies in the future, what new technological developments may affect real estate, and how valuation professionals should prepare to integrate new technologies and solutions into their practices and services.
AI Honors Five National Award Winners
Harry B. Holzhauer, MAI, SRA, SRPA, formerly of Lake Oswego, Ore., posthumously received the Lifetime Achievement Award; and Robin C. Amorin, MAI, of Austin, Texas, received the Outstanding Service Award during the Appraisal Institute's awards dinner on Thursday night. 
The Lifetime Achievement Award is presented to an AI professional who demonstrates high ethical standards; has volunteered several years of service and has contributed to the Appraisal Institute on the international, national, regional and/or chapter level; and has contributed to the appraisal profession for at least 20 years. 
The Outstanding Service Award is presented to an AI professional who contributed ideas, service hours and dedication to ensure a program or effort is implemented at either the chapter, region, national or international level; is instrumental in the success of the program or effort to the benefit of chapters, regions, national or international professionals. 
Three individuals were also honored with the President's Award this evening. This is presented to an AI 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 professionals and the changes that the organization must help its individuals to meet.
President's Award recipients were Roscoe W. "Rocky" Shiplett, MAI, of Charlotte, N.C.; William D. "Otto" Spence, MAI, of Louisville, Ky.; and Sandra K. Adomatis, SRA, of Punta Gorda, Fla.

Join the conversation on Twitter: #AIConnect13

Have an opinion? Go to the Appraisal Institute blog and leave a comment.



Thursday, July 25, 2013

AI Connect Attendees Sound Off
Attendees shared their experiences at AI Connect so far. Here's the word on the street:
"I've been coming for so many years, it's fabulous to come see my friends... There are some incredible folks here who I always look forward to seeing."
- Brenda Dohring Hicks, MAI, Florida Gulf Coast Chapter
"[I attended] for the educational opportunities. I'm a new director for the local chapter of the Institute, so I thought it would be a good opportunity to find out about the latest things going on in the industry."
- John Meyer, SRA, Great Lakes Chapter
"I derive so much enjoyment from the camaraderie and the interaction... There are people here who truly understand me, and who I can communicate with, and share nuances and anecdotes, and they get me. I feel accepted."
- Eric Garfield, MAI, Southern California Chapter
Being surrounded by nearly 450 of the best of the best in the valuation profession made many attendees reflective of their careers and the many challenging and rewarding experiences they've been afforded. Here's what a few had to say:
"One thing I like about what I do is I appraise all types of properties. I've appraised properties from sports stadiums to offices to power plants, so it really is exciting to do this type of work because you get to see properties all over the world... I'm a soccer fan, and I was able to appraise the soccer stadium for Manchester United in England."
- Kyle Redfearn, MAI, North Texas Chapter
"I ended up backing my way into it, and fell in love with it very quickly, and it's really the only job I've ever had."
- Robert Elliott Jr., MAI, SRA, South Carolina Chapter
"The best thing about being an appraiser is that every day is different."
- Terry Dunkin, MAI, SRA, SRPA, Maryland Chapter
Connect with Your Colleagues
Having built relationships around the country, many attendees have used AI Connect as their chance to reconnect with long-distance friends, colleagues and connections. View the directory of registered attendees online to help locate and reconnect with yours!
Exhibit Hall Abuzz 
With so many attendees identifying the networking opportunities as one of their favorite aspects of the 2013 Annual Meeting, it was never more apparent than on the exhibit floor (Cosmopolitan foyer, third level). The nearly 450 attendees made their way through the exhibit floor throughout the day, taking advantage of the chance to exchange ideas and experiences with other valuation professionals, as well as learn about new trends, tools and services from the various industry vendors and service providers at the more than 20 exhibits.
AI Political Action Committee Hosts Cocktail Reception 
Appraisal Institute Political Action Committee hosted a reception Wednesday night on the exhibit floor (Cosmopolitan foyer, third level). AI Connect attendees had the opportunity to network with their peers, and took advantage of their last chance to peruse the exhibits.

Join the conversation on Twitter: #AIConnect13

Have an opinion? Go to the Appraisal Institute blog and leave a comment.



Wednesday, July 24, 2013

Exhibit Hall is Open
The exhibit hall opened Tuesday in the Cosmopolitan foyer (third level) with more than 20 exhibitors and nearly 450 attendees registered. Booths will open at 7:30 a.m. Wednesday and close at 7:30 p.m. Wednesday. The exhibit hall won't reopen Thursday, so be sure to see the latest and greatest in innovative trends while you can. Also, be sure to get your Passport to Savings stamped at each booth in order to be eligible for Wednesday night's great prize drawing.
CNBC's Ron Insana Wows Attendees
CNBC and MSNBC contributor Ron Insana, keynote speaker at this year's AI Connect, told attendees in the Regency Ballroom on Tuesday that he remains bullish on the U.S. economy.
Speaking for 30 minutes without notes before taking questions from the audience, Insana praised Federal Reserve Chairman Ben Bernanke and actions taken by the Fed while criticizing federal government actions such as passage of the Dodd-Frank Act, which he said impeded economic recovery.
Insana spoke on "Politics, Policy and the Economy: What Issues on Capitol Hill Mean for Main Street and Wall Street." He expressed optimism about the real estate industry and said that he expected mortgage rates to drop again, noting they had already started to do so.
AI President Addresses Challenges

Saying he was "thoroughly and unrepentantly optimistic," Appraisal Institute President Richard L. Borges II, MAI, SRA, told AI Annual Meeting attendees during Tuesday's opening general session that "the Appraisal Institute's greatest days are ahead of us - not behind us."
In his President's Address, Borges said that the AI Board of Directors has asked the Strategic Planning Committee to investigate a number of ideas that will help the Appraisal Institute not only face competitive challenges today but will enable the organization to become stronger for the future, better serving AI professionals and the public. He noted that SPC is investigating a number of issues that will help determine what AI and the profession will look like in the future.
"When the Board rolls out these new and exciting ideas, they will be part of a complete, strategic package that has the potential be unique, visionary, far-reaching and game-changing ... all while certainly being rooted in the basic values and goals of this organization," Borges said.
AI Region V Hosts Welcome Reception

Appraisal Institute Region V and its chapters hosted a reception Tuesday night on the exhibit floor (Cosmopolitan foyer, third level). AI Connect attendees had the opportunity to network, as well as chances to win one of several raffle prizes.

Join the conversation on Twitter: #AIConnect13

Have an opinion? Go to the Appraisal Institute blog and leave a comment.



Tuesday, July 23, 2013

Welcome to Indianapolis and AI Connect 2013! Check your email each morning while you're at the Appraisal Institute Annual Meeting for a recap of the previous day's happenings and highlights.

Here are a few events to look forward to:

Opening General Session

You won't want to miss today's opening general session at 1:15 p.m. EDT with keynote speaker Ron Insana, business reporter for CNBC and MSNBC, in the Regency Ballroom (second level). Ron covers economic and market issues, and he'll discuss economic policy issues on Capitol Hill and what they mean for Wall Street and Main Street. As a widely recognized expert on the topic, his insights should be particularly interesting to valuation professionals.

Welcome Reception

Appraisal Institute Region V and its chapters will host a reception tonight from 5:30 p.m. to 7:30 p.m. EDT on the exhibit floor (Cosmopolitan foyer, third level). Join your colleagues for an opportunity to network, as well as chances to win one of several raffle prizes.

Program Changes

In Thursday's general session, "Real Estate Data: What Will the Future Behold?", Rene Circ, director of research - industrial, Property and Portfolio Research (a division of CoStar Group), will replace Scott Klug, regional vice president, CoStar Group, for the panel discussion.

In today's breakout session, "Residential Mortgage Fraud Enforcement: Trends and Identifying Schemes," Eric Mascari, special agent, U.S. Department of Housing and Urban Development, Office of the Inspector General, will replace Michael Stolworthy, director of fraud prevention, HUD-OIG, for the panel discussion.

Things to Do in Indy

If you're looking for something to do during your downtime at AI Connect, there's no shortage of activities around Indianapolis, including museums, sporting events, nightlife, dining and shopping. Visit AI's "Indianapolis" page for ideas.

Check out everything else AI Connect has to offer, including:

  • Networking with your peers and working professionals,
  • Up to 16 AI CE credit hours and 12.5 state CE hours,
  • More than 30 exceptional educational programs,
  • Exhibits of cutting-edge valuation products and services, and
  • The annual Appraisal Institute awards dinner.
Join the conversation on Twitter: #AIConnect13

Have an opinion? Go to the Appraisal Institute blog and leave a comment.



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