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LOCATION Glenmoor Country Club110 Glenmoor DriveCherry Hills Village, CO 80113
SCHEDULE 2:30 P.M. – 3:00 P.M. Registration3:00 P.M. – 6:00 P.M. Economic Update6:00 P.M. – 7:00 P.M. Cocktails (Cash Bar)7:00 P.M. – 9:00 P.M. Installation Banquet
FEE Seminar OnlyMembers Appraisal Institute: $37.00
Seminar and Installation BanquetMembers Appraisal Institute: $65.00Installation Banquet 0nly $45.00
CONTINUING Appraisal Institute Members — 3 hours EDUCATION State of Colorado — 3 hours (pending)
PRESENTERS: Mike Rinner, MAI, Butler Burgher Group. Bill James, MAI, James Real Estate. PennPfiffner, Construction Economics, Chair ofConstruction Panel for the C.U. Business & Economic Outlook Forecast. AndrewKnudtsen, Economic & Planning Systems.
TOPICS: Colorado real estate trends with an emphasison housing markets, both new and resale. TODBack to the Future. Building new transit sys-tems and developing attractive and cost effec-tive real estate around them. Consensus fore-cast for construction in 2014. Housingnumbers and volumes and other sectors ofthe construction industry; including non-resi-dential sector: medical, industrial, commer-cial/office, retail and institutional and thenon-building sector, including roads and high-ways, mass transit and other infrastructure.This intent is to provide absolute and relativechanges in volumes, activity and permitting.Coverage of various forms of developmentfinancing such as TIF’s and metro districts.
Please note: This program was developed by the ColoradoChapter who is solely responsible for the contents.
Attendance Requirement: In order to receive continuing edu-cation credit for this seminar, you must attend 100% of theprogram.
AppraisalInstitute®
Professionals ProvidingReal Estate Solutions
Editor: Richard C. Mosier, MAI www.colo-ai.org Publisher: Sherry Engleberg
Volume 24, No. 1 — January, 2014
COLORADO CHAPTER APPRAISAL NEWS
FRIDAY, JANUARY 17, 2014The Colorado Chapter of the Appraisal Institute Presents
Colorado Economic Review & Outlook for 2014
Registration Form – No Phone Reservations Please!
Colorado Economic Review & Outlook for 2014Mail or Fax (303.757.0158) no later than January 8, 2014
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Members
Seminar only � $37
Banquet only � $45
Seminar & Banquet � $65
TOTAL $_________
Board of Directors Meeting — Glenmoor Country ClubFriday, January 17, 2014 • 12:00 pm – 2:30 pm • All Members Welcome
Page 2
2013 OFFICERS AND DIRECTORSPRESIDENT
Karen L. Tool, SRA ..................................................ktool@mediafunction.com
VICE-PRESIDENTCharles Nelson, MAI..........................................cnelson@civiltechnology.com
SECRETARY-TREASURERRodman Schley, MAI..............................................rodman@cvcappraisal.com
PAST PRESIDENTLouis J. Garone, MAI, SRA.............................................garone3@comcast.net
DIRECTORSOne Year
Susanne Dickinson, MAI.................................susannedickinson@live.comRobert B. Spaete, SRA ....................................bsappraisals@qwestoffice.netRichard Mosier, MAI ........................................................rcmosier@aol.com
Two YearsSusan Ebert-Stone, SRA................................................................peakappraisalservice@comcast.netBrent Henry, SRA...............................................................Bhenry3@aol.comDana Larson, MAI .............................................................dana@iconcv.com
Three YearsMarge Moore .....................................................margemoore@hotmail.comMichael D. Sullivan, MAI, [email protected] Vaughn, MAI ..............................................................jon@fosterval.com
2013 CHAPTER COMMITTEE CHAIRSAdmissions – Member Retention & Development
General: Jon Fletcher, MAI.................................................Jon.fletcher@colliers.com
Residential: Lisa Desmarais, SRA ...............................................lappraisal@comcast.net
BylawsRichard C. Mosier, MAI .......................................................rcmosier@aol.com
Guidance/CDPGeneral:
Jon M. Vaughan, MAI ......................................................jon@fosterval.comResidential:
Chet Buhrmann.....................chet@rockymountainappraisalnetwork.com
Education ChairSusanne Dickinson, MAI.....................................susannedickinson@live.com
Government RelationsBret R. Poole, MAI ....................................................bpoole@bowesandco.com
Planning Committee for 2014Charles Nelson, MAI..........................................cnelson@civiltechnology.com
Newsletter EditorRichard C. Mosier, MAI .......................................................rcmosier@aol.com
2013 REGION II REPRESENTATIVES
One Year TermRonald P. Holm, SRA ................................................ron@holmappraising.comJonathan S. Lengel, MAI.................................................zconnv@netscape.netCharles Nelson, MAI..........................................cnelson@civiltechnology.comRobert O. Stevens, MAI, [email protected]
Two Year TermChet Buhrmann .........................chet@rockymountainappraisalnetwork.comDana Larson, MAI..................................................................dana@iconcv.comBonnie Roerig, MAI..........................................bonnie@coloradoappraiser.net
AlternatesLisa Desmarais, SRA Becky Krone, SRASue Dickinson, MAI Marge Moore
2014 OFFICERS AND DIRECTORS
PRESIDENTCharles Nelson, MAI
VICE-PRESIDENTRodman Schley, MAI
SECRETARY/TREASURERMichael D. Sullivan, MAI, SRA
PAST PRESIDENTKaren L. Tool, SRA
DIRECTORS1 Year
Susan Ebert-Stone, SRABrent Henry, SRADana Larson, MAI
2 YearsMarge MooreMark Seccombe, MAI, SRAJon Vaughn, MAI
3 YearsLisa Desmarais, SRARon Holm, SRADustin Ferguson, MAI
2014 CHAPTER COMMITTEE CHAIRS
Bylaws ChairRichard C. Mosier, MAI
Candidate Guidance AdvisorsBonnie Roerig, MAISusan Ebert-Stone, SRA
Candidate CommitteeGeneral: Jon M. Vaughan, MAI Residential: Chet Buhrmann
Education ChairSusanne Dickinson, MAI
Government RelationsArthur Alarcon, SRA
Public Relations
Newsletter EditorRichard C. Mosier, MAI
2014 REGION II REPRESENTATIVES
One Year Term Chet BuhrmannDana Larson, MAIBonnie Roerig, MAIRodman Schley, MAI
Two Year Term Richard C. Mosier, MAIMargaret Moxley, SRARobert O Stevens, MAI, SRA
Alternates William Bush, MAILisa Desmarais, SRAJeovani Gaytan, SRARon Holm, SRA
2013 was a very good year for the Colorado Chapter of the Appraisal Institute!
A primary goal this last year was to launch thenew Candidate for Designation program. I believewe have an excellent start for this endeavor. Atthe installation banquet in January we had twocandidates present, a very disappointing number.The chapter hosted several question and answersocials throughout the year with growing num-bers of candidates attending. In November therewere 82 candidates present for the candidatemeeting that included Ken Wilson, MAI, SRA,2014 AI National incoming president. We cur-rently have 137 candidates for designation. Theyhave all been assigned to advisors.
We welcomed eight new designees into thechapter this year! Congratulations to you for thehard work and diligence it took for you to reachyour goal! We look forward to getting to know you!And hopefully, you will encourage those candi-dates coming through the path behind you. Youhave the most recent experience and knowledgeto offer those in the designation journey.
Our education offeringswere very successful andwell attended this year. Our“home grown” seminarswere pertinent to our mar-ket and were very informa-tive. We had more socialtime to get to know oneanother.
I have been very fortunate during the year toassociate and get to know several of our mem-bers. I am very impressed by the quality of ourmembers. We have members that are doing exter-nal valuation studies and writing articles forrelated publications, members who are workingwith our local MLS online services offering sug-gestions for inclusions that are helpful to apprais-ers, members serving on the Colorado Board ofReal Estate Appraisers, members serving onAppraisal Institute Regional and National commit-tees. Additionally our members are so willing togive their time and energy to serve on our chaptercommittees and board of directors.
My presidential year has gone by quickly. (I hadseveral past presidents tell me it would). To say ithas been a rewarding year is so understated. Ihave been warmed and surprised in so many pos-itive ways. Many thanks to the board of directorsand committees that made this year so enjoyable!You stepped up with originality and eagerness!Our chapter is strong because of you.
To those of you who are yet to get involved inthe Colorado Chapter of the Appraisal Institute,please know that friendship and camaraderieawait you! We need your ideas and input to makethe chapter even stronger, and we welcome you!Please feel free to contact any of the officers orSherry, our executive director. There is a commit-tee who needs you!
In closing, I’d like to thank you for your supportthis year and encourage you to get to knowCharles Nelson, MAI, your incoming Chapterpresident for 2014. Congratulations, Charles, youare in for a great ride with the Colorado Chapter!
Page 3
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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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
PRESIDENT’S REMARKSby Karen L. Tool, SRA
AppraisalInstitute®
Professionals ProvidingReal Estate Solutions
�
Colorado Chapter members,
I would like to take thisopportunity to thank you forallowing me to act as your2014 President. I am hum-bled to be in the position tofollow the great leadership
we’ve had at this chapter. As president I will con-tinue to support the tremendous efforts that our2013 president, Karen Tool, SRA, has made tofoster the Candidate for Designation program.
As many of you know the Appraisal Instituterecently implemented a new Candidate forDesignation program. The program was imple-mented to insure that our organization is based onmembers who strive to be the best valuation prac-titioners in the appraisal profession. To that end,the organization will now be focused on the fos-tering of Designated members. The membershipgoing forward will include Designated Members,Candidates for Designation, Practicing Affiliates,and Affiliates.
• Designated members will be required tocomplete some advanced education as part ofthe continuing education process.
• The Candidate for Designation will have acertain time frame to complete the require-ments to become a Designated member.
• Practicing Affiliates will have a certain timeframe to become Candidates for Designation.
• Affiliate membership will be open to thoseinterested in property economics but do notprovide any services defined by the Code ofProfessional Ethics, like appraisal, appraisalreview, appraisal consulting, and real prop-erty consulting.
The Appraisal Institute web site (www.appraisalinstitute.org) has a comprehensive presentationand explanation of the Candidate for Designationprogram. The role of an Advisor is also explained.Briefly, Advisors are Designated members whovolunteer to monitor and encourage Candidatesthrough the designation process. This role has aminimum requirement of just four phone calls,emails, or visits each year, with the Candidate forDesignation.
At the chapter level we must continue to createprograms that encourage and support those seek-ing designation. This could be through socialgatherings, becoming an Advisor, creating studygroups, and so on. Our chapter, to date, has beensuccessful because of the efforts of the Candidatesand our leadership, including committee chairsand members.
Part of this effort, I believe, must include usingthe resources of our senior membership. Ourchapter is blessed with a wealth of knowledge andexperience. Although many long time membersare active, there are others who may not haveattended a chapter function or gathering for sev-eral years. I am not asking that a senior memberjoin a committee, volunteer to head a social gath-ering, and so on; but rather attend a function,seminar, or gathering. Inevitably, their presencewill enhance our chapter and the institute as awhole. In addition, we have a great field of newdesignee’s, and those seeking designation, who Ibelieve the senior membership would be proud towelcome into the organization.
Thank you for your time and I hope to see youat the Installation Banquet January 17, 2014
Page 4
PRESIDENT’S REMARKSby Charles Nelson, MAI
ONLINE EDUCATION: LEARN AT YOUR OWN PACE
ANYTIME, ANYWHERE!Top-notch Appraisal Institute coursesand seminars come straight to yourdesktop with online education!. Learnfrom any computer anywhere, when-ever you have time. It's easy, conven-ient and a great way to get the educa-tion you want. Check out the currentcourse listing now!
www.appraisalinstitute.org/onlineEDUCATION
Click on the link for online education.
I was asked by a Candidate: “What’s the payoff?How is the designation going to benefit me?” Inmy stumbling fashion, I explained how having thedesignation opens doors to assignments I mightnever have been considered for. It enhances myearnings, and I get the entrée to other profession-als for advice and referrals. Maybe in other pro-fessions, the practitioners are more sociable, butappraisers cannot claim that trait. Still, there iscamaraderie among appraisers that I relish.(Maybe I am such a hermit that when I get out insocial situations, I am overjoyed just to talk tosomeone. I tend to overdo it and talk and talk...)
These answers either did not convince theCandidate, or he was skeptical, or it did not regis-ter in his world of experience. I’ve seen thisbefore. We talk up our designation and it seemsout of reach for many of our fledgling appraisers.
So I’ve thought of a new angle. This is what Iwish I would have thought to say. (I never think ofthe right thing to say until after the moment ispast.) I would have said:
“So, when you write your appraisal report, whoare you writing for?”
The likely answer is “my boss”, or “my client”.“Who else are you writing for?” I query.A little time passes, the Candidate answers: “His
boss.”“And who is that?” I press.“The loan committee, if it’s a lender, or the
underwriter, or the judge or jury, or the CEO … Idon’t know. What’s with all these questions?”
“I’m leading up to the answer, you’ll see. So youwrite for the decision maker, right?” says I.
“Yeah”, says he.“Who else?”“What do you mean, who else?”“Who does that decision maker report to?”“Well, let’s see … The CEO reports to the board
of directors, the loan committee and underwriterreport to the bank examiner, and I guess the judgeor jury report to appellate courts.”
“And they represent the public. So you write forthe public.”
“Yes, I guess I do.”“So you should be writing with the public in
mind. Not that you should dumb your report downto be understood by anyone in the public; thereare appraisers to review your work that would beinsulted if you did that. But it’s the public we ulti-mately write for. Now, who else do you write for?”I persist.
Long silence. No answer.“Yourself!” I volunteer. “You write for yourself!
Every appraisal report is a teaching and a learn-ing experience. Every report is an expansion ofyour conscious professional growth. Your reporthas to meet your own standards before it is shownto anybody else. Now, you are good at what youdo. You know that. You want your work to meetthe best standards of your profession. That’s whatmakes it a profession. Your peers judging yourwork must be at the top of the business to be wor-thy of reading your work. And once acknowledgedby your peers, you are at the top of your business.There is no end to what you will do when youwrite for yourself.”
“I have a short story to share. I had lunch oneday with my daughter and my nephew. This is thedaughter fhat flunked 9th grade. She had all A’sand B’s in 7th and 8th grade and basically didn’tshow up for 9th grade. Yet, she pulled her adoles-cent life together and walked with her high schoolgraduating class. It was years later when I hadthis lunch with her and my nephew. You mustunderstand my nephew (a bachelor with no chil-dren, but a very intense family man) makes it hisbusiness to know all of his extended family. Hehas a very direct interviewing style and shockspeople into candid truthful answers to verypointed questions that other people are too shy toask. If you want to now your family, just positionyourself near him when he starts in with his ques-tions. So at this lunch, he asks his cousin, mydaughter: ‘What turned your life around?’”
“She answers: ‘When I stopped doing things formy parents and started doing them for myself.’Now that’s the point I’m trying to get across. Now,450 elementary school students troop through herart class every week. There is no end to what youwill do when you do it for yourself.”
Yeah, I wish I had said that.
Page 5
EDITORIALRAMBLINGS
by Richard C. Mosier, MAI
CHICAGO (Nov. 6, 2013) – Bonnie D. Roerig, MAI,of Denver was recognized today as the AppraisalInstitute’s November “Volunteer of Distinction”for Region II.
The Appraisal Institute is the nation’s largestprofessional association of real estate appraisers;Region II consists of Colorado, Iowa, Kansas,Missouri, Nebraska, Oklahoma, South Dakota,Utah and Wyoming, as well as Manitoba andSaskatchewan, Canada. Roerig is a member of theColorado Chapter.
“Bonnie Roerig is an outstanding representativefor the Appraisal Institute,” said AppraisalInstitute President Richard L. Borges II, MAI, SRA.“We’re proud to have individuals like Bonnie whocontinuously strive toadvance the valuationprofession while alsoserving their local com-munities.”
Roerig served on AI’snational board of direc-tors from 1995-1996, aswell as on a variety ofnational committees.She was Colorado Chap -ter president in 1990,vice president in 1989and treasurer and sec-retary in 1988. She servedon the chapter Board ofDirectors from 1985-1991 and as co-chair ofthe Admissions Commit -tee from 1983–1984. Shejoined the Appraisal In -sti tute in 1974 and re -ceived her MAI designa-tion in 1981.
Roerig has been an appraiser at AppraisalServices, in Boulder, Colo., since 1974. She hasbeen involved in the realestate valuation profes-sion for 43 years. Shereceived a bachelor’sdegree in speech and amaster’s degree in com-munications.
She has applied formembership in Daugh -ters of the AmericanRevolution.
Page 6
This Certifies That
of the
has been recognized as a
This honor is bestowed for contributions to the Appraisal Institute,to the real estate valuation profession and to the community.
Volunteer of Distinction
PRESIDENT
Bonnie D. Roerig, MAI
Colorado Chapter
Denver’s Bonnie Roerig Honoredas Appraisal Institute’s ‘Volunteer of Distinction’
The national nonprofit CFED – Corporation forEnterprise Development – has designed a quicksurvey (5 questions to be answered in 5 min-utes or less) specifically for members of theColorado Chapter. Take the survey by typing inhttps://www.surveymonkey.com/s/VN7GQMQ intoyour web browser.
In September, Chapter President Karen L. Tool,SRA and Alternate Regional Representative Lisa K.Desmarais, SRA met with Anne Li of CFED, whichhas a 30-year record of working toward expand-ing economic opportunity for low- and moderate-income Americans. CFED was in Denver to con-vene 100 leading practitioners and policymakersfrom around the nation to discuss manufacturedhousing at the 2013 I’M HOME National Retreat.
Tool and Desmarais were interested to learnthat one aspect of I’M HOME’s multi-prongedefforts relate to expanding affordable, long-termmortgage finance for owners and buyers of man-ufactured homes. Toward this end, I’M HOMEpublished two ground-breaking studies, onecalled Real Homes, Real Value: Challenges,Issues and Recommendations concerning RealProperty Appraisals of Manufactured Homes,and the other analyzing the performance of $1.7billion of MH mortgages that found that manufac-tured home mortgages performed comparably to,and in some cases better than, similar portfolios ofmortgages on site-built homes.
Tool and Desmarais shared their perspectivesfrom Colorado, a state where many communities,from resort areas to rural and suburban locations,have manufactured homes. CFED also shared itsDenver Data Snapshot and Denver PolicySnapshot analyzing the role and policy environ-ment for manufactured housing in the Denvermetro area.
Now, CFED and its I’M HOME partners areexploring the possibility of designing and imple-menting a pilot program in Colorado to test someof the recommendations to improve the appraisalprocess for manufactured homes. A possible pilotmight combine enhanced appraisal trainingand/or tools with an affordable, long-term mort-gage product with incentive pricing for EnergyStar® manufactured homes.
To measure your experience and opinions andto gauge your level of interest in a pilot, pleasetake just 3 to 4 minutes to take the on-line surveywhich can be found by typing in https://www.surveymonkey.com/s/VN7GQMQ into your webbrowser.
Questions and comments can be addressed toAnne Li at CFED at [email protected] or 202-207-0145.
Page 7
Photo credit: New Hampshire Community Loan Fund
Weigh In! Take a Five-Minute Survey of Colorado ChapterMembers by National Nonprofit CFED
ORDER YOUR PERSONALIZED NAME BADGE TODAY!
ABC ReproGraphics, 8400 E. Iliff Avenue Unit #2, Denver, CO 80231
1. CALL TO ORDER 303.755.8984FAX # 303.755.8946
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PROUDLY WEAR YOUR CHAPTER NAME BADGE ANDATTEND COLORADO CHAPTER MEETINGS AND
OFFERINGS – SUPPORT YOUR CHAPTER!
The Membership meetingwas called to order byPresident Karen Tool, SRA.She welcomed everyone andintroduced special guest, KenWilson, MAI, SRA, AI, 2013President-Elect. An hourprior to the meeting, candi-dates attended an informativesession.
SCHOLARSHIPS…
Page 8
Karen introduced and congratulated Ron Throupe and MaoXue who have just completed a paper on hydro frackingand real estate values and have been interviewed by NPRand other PR factions.
Karen introduced and congratulated Kaifeng(Kay) Zhang, winner of the AI trust fund scholar-ship and the Women of Enterprise Scholarship
Great turnout for the Chapter membership meeting and the AI Update
OCTOBER 28, 2013 The Colorado Chapter Held it’s 4th Quarter Membership Meeting
at Park Hill Golf Club in Denver
PMark Your Calendars!Save the Date!
2014 Membership Meetings
April 2
June 5
August 7
October 20
AppraisalInstitute®
Professionals ProvidingReal Estate Solutions
ENJOYING THE CHAPTER SOCIAL AND DINNER
Page 9
Ken Wilson, MAI, SRA presented the AI Update.Everyone then joined the Social Hour and Dinner Buffet
Friday’s topic Appraising ‘Super’ Properties gaveinformation on Energy Efficient/Func tionallyObsolete/Overbuilt Properties in this era ofGreen, High Technology and Ecological Con -cerns. Valuing photovoltaic systems using localmarket data. A real world summary of actual cur-rent and local data for solar electric systemsincluding where to find data, what that data istelling us, what limitations the data has, how to fillgaps in data, and what you need to know beforecollecting data in your area. Presenters were LisaDesmarais, SRA, Peak to Peak Appraising, LLC.and Melissa Baldridge, Green Spot RealtyCompany, LEED AP 0+M and Green Rater, a HERSrater and ENERGY STAR certifier and a NationalGreen Building Standard verifier for the State ofCO Energy Office.
Saturday discussion was held regarding Resi -dential & Commercial RE Markets in SpecialAreas Resort, Mountain, and Statewide Attendeesheard about Valuation of time shares and resorttrends from John Wilhelms, MAI, President,John Wilhelms & Associates, a real estate valua-tion and consulting firm.
Statistical data and trends on the GlenwoodSprings to Aspen marketplace since 2008 andforeclosure data and trends in those markets. And“How the 1%’ers live! Presented by Susan Ebert-Stone, SRA, Peak Appraisal Service, Inc.Fred Ebert, SRA, Evert Appraisal Service gave
information regarding activity of commercialproperty in the mountains community’s over thelast 8-10 years. What are the challenges for thebuyers and just who are the buyers? ‘The big box’activity and the acceptance by the market/public.Summit county residential development includingpent-up demand, and new products coming online; in addition to the effects of AMC’s on theappraisal process.
Sunday’s topic was Economic Impacts onState/National, Global Markets in Colorado andthe United States, here and now economic viewswith great expectations for the rest of the decade.
Focus on variables that impact real estate market.Economic and revenue forecasts for the state of
Colorado. Discussion of State tax policy. Whereare the state and national economies right now?Economic trends that we can expect to see overthe next few years. How does this impact the realestate world presented by Larson Silbaugh,Economist, Colorado Legislative Council Staff.
Valuation Impacts of the Three C’s: Capitalflows, Cap Rates, and Cycles by Steven P. Laposa,PhD. Principal with Alvarez & Marsal Real EstateAdvisory Services.
And Frisco and Summit County on economicmatters, residential, commercial, retail, employ-ment information, energy. Jeb Marsh, ButlerBurgher Group.
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The Colorado Chapter of the Appraisal Institute Presented the
ANNUAL FALL EVENT!!!September 13th , 14th , and 15th
The event was held at Beaver Run Resort in Breckenridge.Thank you to FALL EVENT CHAIR: Arthur Alarcon, SRA and
COMMITTEE AND MODERATORS: Becky Krone, SRA and Ray Brienza
It was OCTOBERFEST WEEK END in Breckenridge!
Lisa Desmarais,SRA and MelissaBaldridge
Fred Ebert, SRA, Susan Ebert-Stone, SRA, JohnWilhelms, MAI
PRESENTERS
Page 11
Arthur Alarcon, SRA and Don Shannon, MAI
Larson Silbaugh and Ray Brienza
Jeb Marsh and Karen Tool, SRA, ColoradoChapter President
Karen Tool, SRA, Ray Brienza, Becky Krone, SRA,Arthur Alarcon, SRA
Sue Dickinson, MAI and Karen Tool, SRA
Steven Laposa, PhD and Arthur Alarcon,Fall Event, Chair
Page 12
FRANK BYRNES, MAII was raised in Pocatello, Idaho and Craw -fordsville, Indiana. I graduated from DePauwUniversity in 2001with an EnglishLiterature major,spent a couple ofyears in Indian -apolis, and movedto Colorado in2003 because Ihad some goodfriends here.
In 2006, I startedworking at DYCOReal Estate afterChad O’Hair – aDePauw alumnus – got me an interview. Sincethen, I have worked at DYCO Real Estate, a coupleof other fee-appraisal firms, and an assessor’soffice. I’m currently with Pinnacle Valuation andConsulting.
I’m married to a wonderful and very allergicwoman – so no pets. My hobbies are guitar,drums, hiking, traveling and mountain biking.
I would like to thank my wife for tolerating mycapstone-induced profanity over the summer andmy parents and parents-in-law for believing that Iwas actually studying on those trips to Starbucksduring the holidays.
I would like to thank everyone I have workedwith for their encouragement, data, and happy-hour invitations; especially Chad O’Hair, KarlKnipling, Doug Agne, Mark Federer, Ryan Cronin,Leigh Henn, Jean Willis-Brown, Larry George,and Carlos Gauna.
BARRY JOHNSON, MAII was originally raised in Pittsburgh PAbefore moving to Colorado to attend the4-1 real estate and MBA program at theUniversity of Denver. After graduationfrom the MBA component of the programand spending 2 years working at theDenver IRR office, I moved to New YorkCity for several years working as a com-mercial appraiser in Manhattan. After a
few years in the city, I missed the weather and therecreational activities of Colorado so decided tomove back to Denver permanently.
Christian Goodwin and Brad Weiman, bothMAI’s of Integra Realty Resources Denver initiallyhired me as an intern while I was attending DUafter undergraduate graduation and over the twoyears I was here before moving to NYC, as well assince I came back in 2010, have taught me muchof what I know today about commercial appraisal.While in New York City Ray Cirz, MAI and MattKrauser of the Northern New Jersey IntegraRealty Resources office were also very influentialin my development as a commercial real estateappraiser. I also have to credit Ray Cirz with giv-ing me the opportunity to spend several months inthe Kingdom of Saudi Arabia, overseeing valua-tion of all real estate assets for the Kingdom’slargest telecommunications provider, without histrust and guidance I would have never had such agreat opportunity to see and work in that part ofthe world.
The lessons that I would like to pass along is tobe diligent in your research, put in the time toprovide the highest quality product and try tonever make the same mistake twice.
My plans are to continue at IRR for now, maybeone day down the road open up an IRR mountainoffice
I recently got engaged to Danielle Gibson onNovember 26, 2013. She, as well as my parentsand coworkers have been extremely supportive inmy path to designation. She has also been tremen-dous in accepting the long hours and sometimesgrueling schedule the life of an appraiser with
deadlines and a heavyworkload can present.Our two cats, Diamondand Capone, also pro-vide a great source ofentertainment when Iget home after a longday’s work.
My hobbies are skiing,golfing, cooking, travel-ling, and cheering onthe Pittsburgh Steelersand Pirates.
Welcome New MAI
Karen Tool, SRA, Frank Byrnes, MAI, Ken Wilson, MAI, SRA
Karen Tool, SRA, Barry Johnson, MAI, Ken Wilson, MAI, SRA
Congratulations on your hard work and achieving your designation!
If you’ve already taken care of your fingerprintrequirements, then there is no need to read fur-ther. If you haven’t, then please be aware that PSIdoes not offer electronic delivery of the prints.The CBI (Colorado Bureau of Investigation)informed me that only the Arapahoe CommunityCollege location in the Denver area has the capa-bility to transmit the prints electronically to theCBI. The PSI locations take the fingerprints elec-tronically, but then transmit them to one of theircentral locations where they are printed on hard
copy and then mailed to the CBI; this takes longer.I had my prints taken at a PSI location onSeptember 30th, and by December 2nd, the CBIhad still not received my prints. I then had myprints taken at Arapahoe Community College onDecember 3rd, and by December 4th, the CBI hadreceived the prints, completed their search andsent their clearance notice to the Division of RealEstate. If time is of the essence to you, then PSImight not be the best choice.
Page 13
Arthur H. Anderson of Westminster, CO was bornon April 13, 1920 in Angelholm, Sweden and diedat age 93 on May 20, 2013 subsequent to a fall. Hiswife Connie (nee Redding) of 34 years and theirson Derek survive him.
Arthur arrived in New York City at the age ofseven with his parents Agda and Nils Andersonand his sister Greta and was brought up inBrooklyn, NY. He attended Brooklyn schools,including Brooklyn Technical High School, andBrooklyn Polytechnic Institute. He received hisB.S. degree in Banking and Finance in 1954 on theG.I. Bill after having served in the military as anavigator in WW Two in the Army Air Force. Healso attended NYU graduate school for seven yearsin night school and completed all his courseworkin business administration towards a master’sdegree. From 1954 to 1963 Arthur served in the AirForce reserves. Arthur was a Licensed Real EstateAppraiser in New York and in Colorado. He wasalso an Independent Fee Appraiser as well as aCertified FHA Fee Appraiser from 1980 to the pres-ent. Since 1955 he has been a member of theSociety for Residential Appraisers. He worked forthe U.S. Dept. of Housing and Urban Development(H.U.D.) from 1957 to 1978. Arthur combined hisbackground in real estate with his skills as an
entrepreneur in owning and operating several
properties in Colorado withhis wife Connie for over threedecades.
Arthur was unique in hisability to socialize with all dif-ferent kinds of people. He wasa penultimate communicator, in person and onpaper. His ability to express himself on paper waspassed on to his daughter Carol, who finally, afterseveral false starts, earned a Master’s Degree inLiterature in 2010. Art was able to solve any and allof life’s challenges and problems by having sur-vived the Depression, by thinking things out byhimself, and by educating himself on any topic thatwas necessary to function successfully. His prob-lem-solving skills, his general competence in somany areas and his open-arms approach to lifehave been passed on to his children and grand-children. In addition, Arthur loved sports. As ayoung man, he played ice-hockey semi-profession-ally, loved handball, and swam like a fish. In mid-dle age, he took up jogging, racquetball and skiing.All of his family and friends will miss Arthur terri-bly for his indomitable spirit, drive to succeed,eagerness to face life’s challenges, his willingnessto bond closely with everyone and, even in his lasthours, his refusal to feel sorry for himself.
Arthur H. AndersonApril 13, 1920–May 20, 2013
Fingerprinting and PSIMichael D. Sullivan, MAI, SRA
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