Centre Receives 501 (c) 3 Exempt Status

The Centre for Advanced Property Economics (CAPE) received formal notification from the Internal Revenue Service (IRS) on October 21, 2005 that the organization is exempt under the Federal Income Tax 501 (c) 3 of the Internal Revenue Code. Prior to the approval of CAPE as a 501 (c) 3 Corporation, CAPE filed reports with the Internal Revenue Service as a 501 (c) 6 Corporation. The Centre's Board of Regents requested an application to change its official Internal Revenue Code status in 2003. CAPE is further classified under the Internal Revenue Code as a Public Charity.

(Posted November 1, 2005)

Board of Advanced Research

George Chapman, Dean of the Board of Advanced Research, Centre for Advanced Property Economics, has submitted a report to the Board of Regents regarding research and development projects beginning in 2006. Research projects enumerated included such subjects as: "Enterprise Value Allocation"; "Real Estate Bubble Impacts"; "Real Estate Market Data Databases Trends & Reliability"; "AVM & Statistical Valuation Performance'; and other property valuation oriented issues.

Additionally, the Board of Advanced Research is working jointly with the Board of Public Programmes on a 2006 webcast program for interested appraisers, consultants, attorneys, government workers and officials, industry representatives, and others. Webcast topics will be current hot-topic issues and varied for a wide audience.

(Posted October 31, 2005)

FIABIC Application

The Centre for Advanced Property Economics (CAPE) submitted an application for admission to FIABIC in October 2005. FIABIC is a French acronym, which means an International Real Estate Federation or organization. FIABIC has offices in over 57 countries throughout the world.

(Posted October 31, 2005)

CAPE Accepting Nominations

The Centre for Advanced Property Economics is currently accepting proposed nominations for the Board of Regents, Board of Advanced Research, Board of Public Programs, and Board of Publications. All nominations will be made by the Centre's Nominating Committee and ratified by the Board of Regents terms or replacement positions beginning January 1, 2006.

Recommended nominations may be forwarded by email to: dawtaxman@aol.com OR by mail to: CAPE, %Nominating Committee, 1534 Spencer Street, Longmont, CO 80501-2459 on or before December 1, 2005.

(Posted October 31, 2005)

John Clark Resigns Board of Regents Position

John Clark, Board of Regents member, resigned his position with the Centre on October 26, 2005. John is from Ottawa, Canada and has been a board member since the Centre's inception. He works for the Regional Appraisal Office in Ottawa, the capital of Canada. John is also a Past President of the Appraisal Institute of Canada. His participation in CAPE will be sorely missed. The Centre's Board of Regents wish John Clark the best in all of his future endeavors.

(Posted October 31, 2005)

ONLINE Registration

The Centre for Advanced Property Economics (CAPE) initiated ONLINE registration via the Internet. ONLINE registration will be used for symposium, webcasts, forums, and other special events. ONLINE registration will allow individuals to use Discover, American Express, Visa or Master Cards when registering for any special offering of the Centre as well as for other products produced by the Centre. The new ONLINE registration system was launched effective September 30, 2005.

(Posted September 30, 2005)

Water Rights Symposium Announced for November 21-22, 2005

Water: Valuing the Ultimate Resource is the focus of a symposium to be held November 21-22, 2005 at the MGM Grand Hotel in Las Vegas, Nevada. The symposium has been designed to cover three areas of interest: "Prior Appropriation Doctrine"; "Conjunctive Management"; and "Competition in Usage." Discussions will address the legal, social, and commercial aspects of water rights. Select speakers will make presentations on the history and commerce in water, its conservation, and the economic and social consequences of its management.

Sponsored by the Centre for Advanced Property Economics (CAPE), the symposium is the second in a series of three symposia focusing on the valuation of mineral, water, and timber rights. This program follows the success of the Mineral Valuation Symposium held in Denver, Colorado in October 2001.

Discounted hotel rates have been arranged at the MGM Grand. The program will begin on Monday, November 21, and conclude at noon on Tuesday, November 22, 2005.

Registration will begin August 1, 2005. You can register by accessing the Centre for Advanced Property Economics website or by registering through the mail at:

(Posted August 31, 2005)

CENTRE Webcast Programs

The Centre for Advanced Property Economics (CAPE) announced that it would be conducting periodic webcasts of advanced studies in property economics in a new format for real estate professionals, appraisers, attorneys, government officials and other interested participants. The webcasts will provide insight on "leading edge technology, concepts, and information" about current advanced studies in real estate and appraisal issues. This new program is anticipated to begin in January 2006 with monthly webcasts that last from one to one and one-half hours. Examples of topics and issues include, but are not limited to, "IRS Taxation and Charitable Donations", "Indian Rights", "Homeland Security Issues", "Water Rights", "Timber Rights", and other specialized and interesting subject matter. For more information, please access the Centre for Advanced Property Economics website.

(Posted August 31, 2005)

Timber Valuation Symposium

The Centre for Advanced Property Economics has scheduled a symposium on the valuation of timber for Portland, Oregon in May 2006. The symposium will combine expertise of Canadian and US appraisers, governmental regulatory agencies and officials, and private enterprise in this exceptional presentation. Look for more details and registration information about this special symposium after January 1, 2006 at the Centre for Advanced Property Economics website.

(August 31, 2005)

World Valuation Congress XI Announced

The World Valuation Congress XI was recently announced to be held in Kuala Lumper, Malaysia, May 9-11, 2006. The theme for the WVC XI will be "Expanding the Horizon---Re-Engineering the Profession through Innovations." The last World Valuation Congress X was held at Clare College, University of Cambridge, United Kingdom, July 21-24, 2003. The theme was "Is There a Future for the Valuation Profession?"

(Posted August 15, 2005)

Michael L. Austin, CAE, ASA Passed Away

Michael Austin, CAE, ASA, Past President of the American Society of Appraisers (ASA) and the International Association of Assessing Officers (IAAO) passed away on Wednesday, August 10, 2005. Mike was President and owner of Maine Equalization Consultants, Inc. headquartered in Brunswick, Maine. Maine Equalization Consultants, Inc. conducted equalization studies, appraisals, and assisted county assessors throughout Maine and the New England region. Mike was also involved in the original formation and development of The Appraisal Foundation and was Chairman of the Foundation. Mike served as the President of the International Association of Assessing Officers (IAAO) and the American Society of Appraisers (ASA). He is survived by his wife Suzanne, and one son, Adam Austin.

(Posted August 10, 2005)

Centre of Advanced Property Economics Seeks Tax Exemption Status

The Centre of Advanced Property Economics (CAPE) filed for a 501 (c) 3 educational and research tax-exempt status with the Internal Revenue Service. The filing of the tax exemption request is more in line with the CAPE's goals and objectives of conducting advance research on current and leading edge property appraisal and economic issues. The research results will then be publicized through symposiums and other published media formats for the benefit of the appraisal industry and public.

(Posted July 31, 2005)

James M. (Mike) Hill Elected President of the Centre for Advanced Property Economics (CAPE)

James M. (Mike) Hill an active member in the American Society of Appraisers (ASA) since 1981 and a past Trustee and Chairman of The Appraisal Foundation was elected as President of the Centre for Advanced Property Economics. Mike is the past Chairman of the Business Valuation Committee of ASA and was elected to the College of Fellows of the American Society of Appraisers in 1997. He is a Certified Business Appraiser of the Institute of Business Appraisers. Mike has taught Business Valuation courses throughout the United States and has spoken to the China Appraisal Society. He currently serves on the Appraisal Foundation Trust. He received his BS in Chemical Engineering from the University of Texas and an MBA from Lamar University.

Mike has extensive experience in valuing closely held businesses and equity ownership in connection with tax planning, estate planning, estate valuations, divorce and commercial litigation. He is a recognized leader in the business appraisal industry and has extensive experience in manufacturing, petrochemical, construction, healthcare, retail, oil and gas exploration, and production industries.

(Posted July1, 2005)

Richard Raymond Alasko Assumes Board of Programmes Chair

Richard Raymond Alasko stepped down as President of the Centre for Advanced Property Economics (CAPE) and assumed the position of Programmes Chair for the Centre effective June 1, 2005. Richard is a personal property appraiser and a member of the College of Fellows for the American Society of Appraisers (ASA). Richard Raymond was the first President of CAPE and initiated several advanced property economice symposiums under his leadership.

Richard is the President and CEO of Alasko & Company headquarter in Chicago, Illinois.

(Posted July 1, 2005)

James B. "Nardie" Vine Elected to the Centre Board of Regents

A vacancy on the Board of Regents occurred with the resignation of John Widdoss, due to health reasons. James B. "Nardie" Vine was nominated and elected to the Board of Regents to fill the vacancy. "Nardie" hails from San Antonio, Texas and is the President and CEO of Vine and Associates.

(Posted July 1, 2005)

Joseph Stanfield Reports on the FIABIC Conference in Italy

Joseph Stanfield, CAPE Board of Regent, recently attended the FIABIC World Congress in Rome, Italy. FIABCI is the World Congress of the International Real Estate Federation.

The next FIABCI World Congress will be held in Seoul, Korea, May 29-June 3, 2006. For more information on FIABCI you can contact the local Korea FIABCI organization at: infro@fiabci.or.kr OR by telephone at: +82 2 8830433.

(Posted June 30, 2005)

Water Rights Valuation Symposium: November 20-22, 2005

CAPE's Board of Regents recently announced a symposium on Water Rights Valuation to be conducted in Las Vegas, Nevada at the MGM Grand, November 20-22, 2005. The symposium will provide a forum for appraisers about current issues, policy, regulations, compliance, valuation and appraisal problems, and future perspectives in valuing water rights. Specific registration and program information will be available after May 1, 2005 through CAPE's website.

(Posted March 31, 2005)

Valuation of Timber: Scheduled for Spring 2006

CAPE's Board of Regents has tentatively planned to conduct a symposium on the Valuation of Timber. The symposium would combine expertise of Canadian and US appraisers, governmental regulatory agencies and officials, and private enterprise in this exceptional presentation. Look for more details and further information after January 1, 2006 at: http://www.propertyeconomics.org.

(March 31, 2005)

CAPE Board (Committees) Nominations

CAPE Board of Regents are accepting nominations to the Boards of Research, Publications, and Programs. Nominations are to be sent to the Nominations Committee Chair, John Clark, or David Wheelock, Executive Director.

(Posted January 31, 2005)

Chairman Board of Regents

Richard Raymond Alasko continues as the Chairman of the Board of Regents for 2005. However, Mr. Alasko has asked to be relieved of his duties and responsibilities as chairman as soon as the Board of Regents selects a new Chair. The Board of Regents has taken his request under advisement.

(Posted March 31, 2005)

Board of Regents

Nominations for CAPE's 2005 Board of Regents were conducted by Chairman John Clark and his nominating board in December 2004 and January 2005. There were few changes to the 2005 Board of Regents. For a complete list of the 2005 Board of Regents, please refer to the Board of Regents directory found on the CAPE website.

(Posted March 31, 2005)

Appraisers Qualification Criteria: Appraisers Qualification Board (AQB)

Effective January 1, 2008, changes to the Real Property Appraiser Qualification Criteria will become required and implemented by each state for individuals applying for a real estate appraiser license or certification. AQB guidance for criteria implementation is noted in the AQB Guide Note 2 (GN-2) adopted September 13, 2004 by The Appraisal Foundation.

(January 31, 2005)

IVSC 2005 Standards

The International Valuation Standards Committee, headquartered in London, England, recently published the 2005 edition of the International Valuation Standards. A copy of the IVSC International Valuation Standards may be obtained through IVSC.

(January 31, 2005)

Centre for Advanced Property Economics ©
Website designed by Rocky Mountain Systems, Inc.