Winter 2017 Newsletter Print

Chapter President's Report

Hope this message finds you having an incredibly great holiday season!

The 2018 Officers and Directors being installed and making the oath to serve the chapter.

Congratulations to Bradley Schopp, MAI on completion of the requirements of the MAI designation as well as John Karnes, MAI, SRA, AI-GRS on the completion of the requirements of the AI-GRS designation. Bradley received his designation at the Holiday and Installation Dinner last week. The quality of new designees is a complement to our chapter and the Institute.

As I wind down my first year as president of the Chapter, I wanted to give you a few thoughts that are on my mind. Financially, our chapter is in really great shape. We were able to hire a new Executive Director, Julia Gomez, to help take the workload off the board members and committee chairs. This has been a big help.  However, I say that we are in good shape financially with caution as, longer term, I see issues for our industry, organization and chapter. We are not seeing new people enter our industry and, as a result, as the “Baby Boomers” continue to retire in droves, we are going to see significantly lower number of licensed appraisers as well lower membership numbers for our organization in the coming years.  While some might see this as an opportunity because of less competition, longer term, I see this as a disaster for our industry. I am very concerned that we will see numbers dwindle to a point that the industry starts to find alternative solutions for appraisals.  We are already seeing this in the residential side of the industry and to some extent on the commercial side with AVM’s.  So, as we move into the New Year, I ask that you be thinking about ways to reach out to our younger generations and figure out ways to generate interest to get them to consider the appraisal industry as a career choice. This is my challenge to the membership!      

Thank all of you for the support and enthusiasm you have shared with me over the last years. I hope I have lived up to your expectations. I believe we have taken some big steps together.

I wish you the best of success and happiness in the coming New Year.

John M. Rimar, MAI

2017-2018 President

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Candidate Guidance

The St. Louis Chapter of the Appraisal Institute extends warm congratulations to Bradley Schopp, MAI of Tellatin, Short & Hanssen, Inc. for achieving the MAI designation. The achievement of a new designation is one of the most exciting events that we celebrate as a chapter. We thank Bradley for his extremely hard work and determination in reaching this goal. Please congratulate Bradley the next time you see him!

John Hottle Jr. and I with Candidate Guidance want to thank our chapter and the candidates for their participation in our events this year. We hosted two happy hour events with speakers that were informative and well attended. We look forward to hosting two events in 2018 as well. Please be on the lookout for these dates that will be posted in early 2018. As always, please send us newly licensed and certified appraisers interested in advancing their careers with an Appraisal Institute Designation.   

Happy Holidays!                                                                                                                           C. Drew Finke, SRA


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Member Profile

Brad Schopp is a seniors housing and healthcare property expert and is a principal at Tellatin, Inc. which he joined in 2004. He has completed more than 900 seniors housing and healthcare assignments in 37 states with asset values totaling more than $8.5 billion. The assignments typically include appraisals, feasibility studies and market analysis. Brad leads Tellatin's skilled nursing practice as well as holds several management roles within the company. Brad created the company's internal database system and has a passion for efficiencies as well as employing technologies that facilitate data analyses and company growth.

Prior to joining Tellatin, Brad worked as an appraisal trainee, performing general commercial assignments in Columbia, Missouri with Moore & Shryock. Brad attended the University of Missouri-Columbia where he graduated Magna Cum Laude in 2002 (Finance and Real Estate) and from which he received his MBA in 2004.

Brad is married to his high school sweetheart, Jessica, and together they have two wonderful children. In his time outside the office, he most enjoys helping coach his son's athletic teams and spending time with his family.

Brad is a member of the Appraisal Institute and obtained the MAI designation in December 2017. Although most of Brad's assignments are outside of the St. Louis region, he looks forward to becoming more involved in the St. Louis chapter. Brad holds permanent appraisal licenses in ten states and is currently making substantial contributions to an up-coming textbook to be published by the Appraisal Institute.





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Education Update

The 2019 schedule is in the process of being finalized, but is certain to offer some of the finest and most exciting classes available. The following courses, dates, and locations have been finalized:

USPAP - 01/08/2018 in St. Louis, MO; 01/25/2018 in Columbia, MO; and 03/22/2018 in Collinsville, IL.

In March 2018 there are plans to have a homegrown seminar which will include a 3-hour seminar on Green Building with three different presenters and a 2-hour seminar which will include the economic forecast for 2018 as well as technology for appraisers. Additionally, look for continuing education in the late spring.

At this time we are not offering any advanced education for qualifying education due to the limited demand. Should the demand for these courses increase, then they may be added at a later date.

Keep an eye out for upcoming surveys regarding education. The Greater St. Louis Chapter strives to offer the most wanted courses in the area. With 2018 being a renewal year in Missouri, there will certainly be some great CE courses as well. As always, check the chapter website for all upcoming education and exciting happenings within the chapter.

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Treasurer's Report

The Chapter’s balance sheet remains strong with total assets only down 5% from the prior year.  Net income for the chapter through 10/31/2017 was $1,058 which is very close to budget.  Due to the relative strength of our financial position the chapter will offer discounted tuition at the first quarter chapter developed education event.  The chapter also created The Bert Westover Scholarship fund which has total deposits of $4,400. The board is working out the details of how to disburse the funds and whether the fund will be continued in perpetuity.  The family of Bert Westover would like the chapter to participate in a Spring golf tournament with the net proceeds being contributed to the scholarship fund. Details will be forthcoming.

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