DE Council of Real Estate Appraisers

Posted 09/10/2007 NMW

CANNON BUILDING STATE OF DELAWARE TELEPHONE: (302) 744-4500 861 SILVER LAKE BLVD., SUITE 203 DEPARTMENT OF STATE FAX: (302) 739-2711 DOVER, DELAWARE 19904-2467 WEBSITE: WWW.DPR.DELAWARE.GOV DIVISION OF PROFESSIONAL REGULATION

PUBLIC MEETING NOTICE: COUNCIL ON REAL ESTATE APPRAISERS

DATE AND TIME: Tuesday, September 18, 2007 at 1:30 p.m.

PLACE: 861 Silver Lake Blvd, Dover, DE 19904, Conference Room A, second floor of the Cannon Building

AMENDED AGENDA (Amended items are indicated by an asterisk)

1.0 Call to Order

2.0 Review and Approval of Minutes

2.1 Meeting Minutes 2.1.1 Review of July 17, 2007 minutes

3.0 Unfinished Business

3.1 Hearing on Proposed Changes to the Rules and Regulations 3.1.1 Vote to accept “Segment” vs. “Firm” Approach

3.2 Disciplinary Hearing 3.2.1 Charles W. Cobb, Jr

3.3 Discussion on 2008 AQB Examination Manual

3.4 Strategic Planning 3.4.1 Discussion on Criteria for Evaluation of Work Samples 3.4.2 Discussion on Out of State Experience Log Hours and Exemption Hours 3.4.3 Discussion on Residency Requirements for Trainees & Supervisors

3.5 Status of Complaints: 3.5.1 19-09-07 and 19-10-07 – Mr. Fantini

*4.0 New Business

4.1 Complaints DE Council of Real Estate Appraisers Agenda – September 18, 2007 Page 2

4.1.1 19-09-07 – Assign a contact person 4.1.2 19-10-07 – Assign a contact person 4.1.3 19-11-07 – Assign a contact person 4.1.4 19-12-07 – Assign a contact person

*4.2 Review of Reciprocity Licensed Real Property Appraiser Application 4.2.1 Emi Kei Ryan – MD 4.2.2 Linda D. Bruce – MD

*4.3 Review of Licensed Real Property Appraiser Applications 4.3.1 Cynthia L. Jeffers – Review of Exam Results 4.3.2 Michael Lee Marino – Review of Exam Results 4.3.3 F. Lee Gosnell – Review of Exam Results 4.3.4 W. Gayle Parker – Sit for Exam

4.4 Review of Reciprocity/Certified Residential Real Property Appraiser Applications: 4.4.1 Mark J. Hamilton - PA 4.4.2 Patricia B. Allen – MD 4.4.3 Robert S. Witt – DC, MD 4.4.4 Robert L. Bailey – MD 4.4.5 Harry B. Burkholder – MD 4.4.6 Gary Scerbo – NJ 4.4.8 Irving Gellar – NJ, PA, DE, contingent approval 4.4.8 Neal A. Seckler – MD, VA 4.4.9 Pamela J. Bursler – MD 4.4.10 David C. Olynik – MD, DC, VA 4.4.11 William F. McLaughlin – NJ

*4.5 Review of Certified Residential Real Property Appraiser Applications 4.5.1 Alan L. Jeffers – Review of Exam Results 4.5.2 Mary L. Horeis – Review of Exam Results 4.5.3 Adrienne M. Doucette – Review of Exam Results 4.5.4 Kostan G. Sacrenty – Sit for Exam 4.5.5 Mary Lynn Needs – Sit for Exam 4.5.6 Victor W. England – Sit for Exam 4.5.7 Brian Sachs – Sit for Exam 4.5.8 John Farnan – Sit for Exam 4.5.9 Steve C. Kauffman – Sit for Exam 4.5.10 Warren J. Deitcher – Sit for Exam 4.5.11 Rafael Paul Delgado – Sit for Exam

*4.6 Review of Reciprocity Certified General Real Property Appraiser Application 4.6.1 William F. McLaughlin – NJ 4.6.2 Teresa M. Hoberb – PA, NJ, DE 4.6.3 Maureen Plunkert – MD, DE 4.6.4 John Paul Williams – PA, DE – Reapplying – Contingent approval 4.6.5 John M. Shortall – MD

4.7 Review of Certified General Real Property Appraiser Application 4.7.1 David R. Aglira – Sit for Exam

*4.8 Review of Temporary Permit Application (for discussion only): DE Council of Real Estate Appraisers Agenda – September 18, 2007 Page 3

4.8.1 Michael B. Edwards – Comfort Suites Hotel – 550 N. Dual Hwy., Seaford, DE 19973 4.8.2 Paul M. Lubicich – 259 Garden Apartment Complex – 2801 Stonebridge Blvd,. New Castle, DE 19720 4.8.3 Joseph E. Anderson – 17 Convenient Stores with Gas and 2 office condos – Contract under Wachovia 4.8.4 Charles A. Bissell – Senior Housing, 700 and 700 ½ Foulk Rd., Wilmington, DE 19803; Pike Creek, 6561 Limestone Rd., Wilmington, DE 19808; Green Meadows at Dover, 150 Saulsbury Rd., Dover, DE 19904 4.8.5 Chris L. Harland – Lonestar Restaurant Portfolio – 307 Rocky Run Parkway, Wilmington, DE 19803 and 365 North DuPont Hwy., Dover DE 19901 4.8.6 William S. Yetke – Prime Hook National Refuge, Tracts 152 and 155, Sussex Avenue, Slaughter Beach, Sussex Co, DE 19963; Deep Branch Rd, Milton, DE 19968 4.8.7 Marius W. Andreasen – Kushner Apartment Portfolio, Kent County and New Castle County, DE 4.8.8 Robert F. Simpson – Linen Supply Facility – 30 McCullough Dr., New Castle, DE 19720-2066 4.8.9 Thomas J. Gorman – McDonald’s Restaurant – 1424 Forrest Avenue, Dover, DE 19904

4.9 Review of Continuing Education Activities: 4.9.1 Appraisal Institute 4.9.1.1 Apartment Appraisal: Concepts & Applications – 16 QE/CE hrs 4.9.1.2 General Appraiser Sale Comparison Approach – 30 QE/CE hrs 4.9.1.3 General Appraiser Site Valuation & Cost Approach – 30 QE/CE hrs 4.9.1.4 General Appraiser Income Approach, Part 2 – 30 QE/CE hrs 4.9.1.5 General Appraiser Report Writing & Case Studies – 30 QE/CE hrs 4.9.1.6 Sales Comparison Valuation of Small Mixed-Use Properties – 16 QE/CE hrs 4.9.1.7 Alternative Uses & Cost Valuation of Small Mixed-Use Properties – 16 QE/CE hrs 4.9.1.8 Income Valuation of Small, Mixed-Use Properties – 16 QE/CE hrs 4.9.1.9 Advanced Applications – 40 QE/CE hrs 4.9.1.10 Report Writing & Valuation Analysis – 40 QE/CE hrs 4.9.1.11 Advanced Income Capitalization – 40 QE/CE hrs 4.9.1.12 Advanced Sales Comparison & Cost Approaches – 40 QE/CE hrs 4.9.1.13 Computer Enhanced Cash Flow Modeling – 16 CE hrs 4.9.1.14 Condemnation Appraising: Advanced Topics & Applications – 16 CE hrs 4.9.1.15 Condemnation Appraising: Basic Principles & Applications – 16 CE hrs 4.9.1.16 Litigation Appraising: Specialized Topics & Applications – 16 CE hrs 4.9.1.17 The Appraiser as an Expert Witness: Preparation & Testimony – 16 CE hrs 4.9.1.18 Business Practices & Ethics – 8 CE hrs 4.9.1.19 National USPAP 7 Hour Update Course – 7 CE hrs 4.9.1.20 General Demonstration Appraisal Report Writing Seminar – 7 CE hrs DE Council of Real Estate Appraisers Agenda – September 18, 2007 Page 4

4.9.1.21 Residential Demonstration Appraisal Report Writing Seminar – 7 CE hrs 4.9.1.22 Analytics with the Site to Do Business – 7 CE hrs 4.9.1.23 Appraising Manufactured Housing – 7 CE hrs 4.9.1.24 Condominiums, Co-Ops, and PUDs – 7 CE hrs 4.9.1.25 FHA and the New Residential Appraisal Forms – 7 CE hrs 4.9.1.26 Forecasting Revenue – 7 CE hrs 4.9.1.27 Liability Management for Residential Appraisers – 7 CE hrs 4.9.1.28 Office Building Valuation: A Contemporary Perspective – 7 CE hrs 4.9.1.29 Quality Assurance in Residential Appraisal Reports – 7 CE hrs 4.9.1.30 Reviewing Residential Appraisal Reports – 7 CE hrs 4.9.1.31 Scope of Work – 7 CE hrs 4.9.1.32 Subdivision Valuation: A Comprehensive Guide to Valuing Improved Subdivisions – 7 CE hrs 4.9.1.33 The Professional’s Guide to the Uniform Residential Appraisal Report – 7 CE hrs 4.9.1.34 Uniform Appraisal Standards for Federal Land Acquisitions – 16 CE hrs 4.9.2 Philadelphia Metro Chapter Appraisal Institute 4.9.2.1 Partial Interest Valuation: Undivided – 10/31/2007 – 7 CE hrs

4.9.3 Delaware Chapter of the Appraisal Institute 4.9.3.1 Convincing Residential Appraisals – 4 CE hrs 4.9.3.2 Understanding and Testing DCF Valuation Models – 4 CE hrs

4.9.4 American Society of Farm Managers and Rural Appraisers 4.9.4.1 National USPAP Course (A-113) – 15 QE hrs 4.9.4.2 7-Hour National USPAP Course (A-114) – 7 CE hrs 4.9.4.3 ASFMRA Code of Ethics – 2 CE hrs 4.9.4.4 Highest and Best Use (A-290) – 16/15 QE/CE hrs 4.9.4.5 Sales Analysis Seminar – 8 CE hrs 4.9.4.6 Timber and Timberland Valuation – 8 CE hrs 4.9.4.7 Discounting and Leases – 8 CE hrs 4.9.4.8 Identifying Intangible Assets – 16 CE hrs 4.9.4.9 Minerals Appraisals – 12 CE hrs 4.9.4.10 Tax Deferred 1031 Exchanges – 14 CE hrs 4.9.4.11 Cost Estimating – 8 CE hrs 4.9.4.12 Timber Property Valuation – 12 CE hrs

4.10 Mixed-use Property and the Residential Appraiser – Mr. Witt

4.11 State Approved Supervisor for Certified Residential upgrade to Certified General – Mr. Witt

5.0 Other Business before the Council (for discussion only)

6.0 Public Comment

7.0 Next Meeting – October 16, 2007

8.0 Adjournment DE Council of Real Estate Appraisers Agenda – September 18, 2007 Page 5

Please Take Note: Applications for this agenda must be complete and received by 4:30 p.m. on the third business day previous to the meeting date; thus a final amended agenda will be published to reflect any items received after posting of the original agenda. Unforeseen circumstances may result in a meeting being cancelled should there be a lack of quorum. Pursuant to 29 Delaware Code, Section 10004(e)(2), the Board shall pre-announce or pre-publish all Executive Sessions; however, such agenda shall be subject to change to include additional items including Executive Sessions which arise at the time of the body’s meeting.

MEMBERS: PLEASE CALL THE OFFICE OF THE DELAWARE COUNCIL ON REAL ESTATE APPRAISERS AT 302-744-4505 OR EMAIL [email protected] IMMEDIATELY IF YOU CANNOT ATTEND THE MEETING. THANK YOU.