Relocation Appraisers & Consultants and the Appraisal Institute, North Texas Chapter Present:

APPRAISAL CHANGES, CHALLENGES AND SOLUTIONS

September 15-16, 2016

Current factors and influences on the domestic housing market affecting buyers, sellers, relocation companies and appraisers

SCHEDULE OF EVENTS

Thursday, September 15, 2016

8:00-8:45         Registration, continental breakfast

8:45-9:00         Welcome and introductions

9:00-10:45       THE IMPACT OF THE SEPTEMBER 2016 ENERGY LEGISLATION ON REAL ESTATE VALUATION  

    What Is It? Why Do I Want It? When Will It Be Required?  How will it affect the residential market and appraisers?

Will green become a significant color? A discussion of changes that will be required in residential construction as a result of new energy legislation. The importance of this to relocating employees and anyone purchasing a new home will be explained.  Mr. Bentley will discuss the legislation and its immediate and future requirements.  An overview of terms vaguely familiar to some, which may become new value influencing  features of homes, will be discussed. Mr. Giese will discuss changes that have and will be made to new homes. New components and designs that will influence energy usage will be discussed.  He will also discuss the current and anticipated future recognition of energy components by homebuyers. Mr. Langley will discuss Fannie Mae and other programs that are currently available for energy efficient homes and how these can be used to the purchaser’s advantage.

Energy expert Jeff Bentley, TexEnergy Solutions Inc. will moderate.  Panel discussion with:

Residential Builder Chad Giese, MHI Homes

Energy lending specialist Kerry Langley, Prime Lending

11:00-12:00     RELEVANT APPRAISAL REPORT WRITING AND RECOGNIZING THOSE WHO DO IT WELL

Marie Robbins-Marine, SRA, CRP, RAC Member – appraiser from Littleton, CO, will moderate.  Panel discussion with:

James Gargano, IFAS, CRP, RAC Member – appraiser from Naperville, IL

Jody Scannell, CRP, Dwellworks

Carrie Dare, Fidelity

Molly Merrick, Cornerstone

The RAC-WERC Report Writing Contest Winner will be announced

12:00                 Lunch

12:15-2:00        STAND UP! STAND DOWN!  YOU ARE ON THE STAND IN THE COURTROOM! 

           Do’s and don’ts for appraisers and anyone testifying as an expert witness. 

This session focuses on the appraiser’s role as the expert witness and offers practical solutions to issues encountered in a trial such as: How to handle hypothetical questions by an attorney, How to recognize tactics attorneys use to discredit you or your appraisal report, When to elaborate and when to limit discussion. Common mistakes made in appraising and litigation concerning an appraisal are stressed. Upon conclusion, participants will have a better understanding of how to prepare for the trial experience and defend their appraisal.

A mock-trial presentation by Ted Whitmer, CRE CCIM, Attorney, MAI, AI-GRS

Jim Goodrich, CCIM, SRA, MAI, RAC Member – appraiser from McKinney, TX, will moderate.

2:15-4:15          APPRAISAL ISSUES AND CHALLENGES AFFECTING THE MARKET AND RELOCATION

    Buyer & seller likes and dislikes, impact and consideration of mass moves on markets, solar panels, inspection issues

Rob Johnson, SCRP,SGMS-T, Altair Global, will moderate. Panel discussion with:

Dana Winans SGDS, GMS, Better Homes and Gardens Real Estate

Chrystie King CRP, GMS, Altair Global

Barry Methany, John L. Scott Relocation Services & eBusiness

Bill Schaefer, GlobeSpec.

4:30-6:30          Social gathering on the Terrace

Friday September 16, 2016

8:00-8:30         Continental breakfast

8:45-9:45         NEW APPRAISAL SOFTWARE DEVELOPMENTS

by George Opelka, ACI

9:45-10:45       WHY 2 APPRAISALS DIFFER

It happens all the time. Two qualified appraisers arrive at value conclusions which differ by significant amounts. Why does this happen? Sure, it can be bias but there can be other factors. As an appraiser, learn how to keep even unintended bias out of your opinions. As a user of appraisal services involving more than one appraisal on the property, learn how to minimize variances by appraisers.

by Ted Whitmer, CRE CCIM, Attorney, MAI, AI-GRS

11:00–12:00    COOL TOOLS FOR APPRAISERS

by Wayne Pugh, MAI, CRE, CCIM, FRICS

12:00-1:00        Lunch

12:45–2:45        FANNIE MAE’S COLLATERAL UNDERWRITER: CAUSE, EFFECTS AND CONSEQUENCES

by Van Wright, Fannie Mae

3:00–4:45        THE APPRAISER’S ROLE IN LITIGATION SUPPORT

What’s it like to work on one lawsuit for 4 years? A panel discussion with RAC member Jim Goodrich and Greg Dimmick, the lead attorney representing the FDIC in a major lawsuit. The case involved 600 properties in 24 states, over 500 original lender appraisers and scores of original lender reviewers. How did the case originate? Who was sued? What was the groundbreaking legal theory? What was the outcome? Many RAC members served as expert witnesses for the FDIC. What are the lessons learned? Should you jump into the field of litigation support and if so, how do you get started? This is a rare opportunity to hear directly from one of the litigators in the case and lead consulting appraisal expert about what they learned.

Jim Goodrich, CCIM, SRA, MAI, RAC Member – appraiser from McKinney, TX

Greg Dimmick, Mullin Law, PC

4:45-5:00         Conference Closing Remarks

RAC’s Annual Membership meeting & Board of Directors meeting will begin on Saturday, September 17th, at 9:00.

SPONSORED BY