The Centre for Advanced Property Economics

The Appraisal Foundation Board of Trustees

Lee Hackett, American Appraisal Company, became the 2006 Chair of The Appraisal Foundation Board of Trustees. The out-going 2005 Chair, Peter Clark, was appointed to the Centre for Advanced Property Board of Regents effective January 1, 2006.
(Posted January 31, 2006)

National USPAP Course

The “The Summary Report” published in January 2006 by The Appraisal Foundation that completion of the 15 hour National USPAP Course does not satisfy the requirement to complete the 7 hour National USPAP Update Course.
(Posted January 31, 2006)

USPAP Publication Cycle

The current 2006 edition of the Uniform Standards of Professional Appraisal Practice (USPAP) was adopted with an effective date of July 1, 2006, which means that the current (2005) edition of USPAP is valid through June 30, 2006. The next anticipated edition of USPAP in 2006 will be effective until December 31, 2007, which is a period of eighteen months. Beginning with the 2008 edition, USPAP is planned to be issued on a two-year cycle.
(Posted January 31, 2006)

FIABIC Application Approved

The Centre’s application for academic membership in FIABIC, the International Real Estate Federation and world real estate organization, was approved. The Centre for Advanced Property Economics (CAPE) applied for admission to FIABIC in October 2005. The application was originally reviewed at FIABIC’s meeting in Brussels, Belgium in November 2005. After subsequent consideration by FIABIC following the Brussels meeting, CAPE’s application for admission was approved.
(Posted January 31, 2006)

Centre’s Board of Regents Appointments

Edwin “Ted” Baker and Peter J. Clark were unanimously approved and appointed to the Board of Regents effective January 1, 2006 at its January 2006 meeting. Ted and Peter replace the vacancies created by John Clark and Frederick Chmura who resigned their positions at the end of 2005.

Ted Baker is the past Executive Vice-President of the American Society of Appraisers (ASA) from 1996 to 2005 and the past Executive Director of the Appraisal Subcommittee (ASC) form 1990 to 1996. He was also the Valuation Chief of the Office of Single Family Housing, U. S. Department of Housing and Urban Development. Prior to his involvement with the ASA, he was a private community consultant, and Vice-President of Planning and Design with the Rouse Company. Ted holds a Bachelor of Architecture degree from the University of California and was Lt. JG, United States Navy.

Peter Clark has been associated with the valuation profession for over 47 years, 19 years in the private sector in both England and Canada, and over 27 years with the Government of Canada. Peter is a graduate of the Royal Agricultural College and Reading University in England. He is an accredited member and fellow of the Appraisal Institute of Canada and a fellow of the Royal Institution of Chartered Surveyors.

Peter Clark was the past 2005 Chair of The Appraisal Foundation and has represented Canada and the United Nations on many overseas conferences and valuation missions. He also has served and represented Canada on the Board of the International Valuation Standards Committee from 2000-2004 and was the Secretary General of the Commonwealth Heads of Valuation Agencies 1997-2002. Additionally, he has held various executive positions in the World Association of Valuation Organizations (WAVO).

(Posted January 31, 2006)

Centre’s Board Appointments

The Board of Regents appointed several new members to the Board of Public Programmes and the Board of Publications effective January 1, 2006. The appointments fill current vacancies and expired terms on each board as well as adding additional members to each board.

The Board of Public Programmes appointments effective January 1, 2006 were: Fred A. Reddel and Thomas Riley. Current continuing board members include Peter J. Clark, North Vancouver, British Columbia, Canada, Henri LeMoyne from Twin Falls, Idaho, Assistant Dean, and Richard Raymond Alasko, Dean of Programmes, from Chicago, Illinois.

The Board of Publications appointments effective January 1, 2006 were: Richard Marchitelli, Dean of Publications, from New York City, New York, Greg Landretti from Madison, Wisconsin, Assistant Dean, Robert Jones and Luke Romero both from Houston, Texas. Continuing members on the Board of Publications are Richard Amoling from Attleboro, Massachusetts and David Lenhoff from Trenton, New Jersey.
(Posted January 31, 2006)

Timber Valuation Symposium

The Centre for Advanced Property Economics will be conducting a Timber Valuation Symposium, May 1-2, 2006, at the Embassy Suites, Portland, Oregon. This symposium is the second of three scheduled symposiums on minerals, water and timber. A very successful Water Rights Symposium was recently held in Las Vegas, Nevada on November 21-22, 2005. Registration and details of the Timber Valuation Symposium may be found on the Centre’s website.
(Posted January 31, 2006)

NACAO Meeting

The annual North American Conference of Appraisal Organizations (NACAO) met January 5-8, 2006, in Napa, California. President J. Michael Hill, Sr., met with appraisal organization members and discussed issues concerning the Centre for Advanced Property Economics (CAPE) primary mission and goals supporting the appraisal industry through research and media with future leading edge concepts and issues. CAPE purpose was to assist appraisal organizations, the public and other interested individuals towards improved professionalism and advanced property economics theory and applications.

Member organizations in attendance at the NACAO meeting included the American Society of Appraisers (ASA), Appraisal Institute (AI), International Association of Assessing Officers (IAAO), American Society of Farm Managers and Rural Appraisers (ASFMRA), and other groups and individuals who were interested in appraisal industry issues as well as a joint meeting with The Appraisal Foundation’s Executive Committee.
(Posted January 31, 2006)

2005