Spring 2018 Newsletter Print

Chapter President's Report

Hope your 2017 is off to a great start! As I start into my second year as president and final year serving on the board, I would like to thank the outgoing board members and committee members for their service over the past year.  I also want to thank all of those who have volunteered to participate on the chapter's 2018 committees.  The committees are off to a great start. We are currently looking for volunteers that are interested in serving on the 2019 board.  We will have two three-year board positons open as well as the secretary position.  If you are interested in serving, please reach out to Jim Wildman at (314) 560-2499 or jim1wildman@yahoo.com .  Our schedules are extremely busy these days and taking time to volunteer for your chapter is greatly appreciated.  Keep up the good work!

We are excited to be offering our 2nd chapter developed continuing education session which will be held on March 27th at the St Louis Association of Realtors. We will also have a short business meeting over lunch to nominate members of the Nominating Committee.  Last year we had nearly 70 people attend.  This year, some of the costs are being paid by the Bert Westover Memorial Scholarship Fund. So, again, for this year, the cost to members is free!  Seats are limited, so please sign up soon. 

Chapter meetings are a great place to get to know your colleagues, socialize, and share information.  I encourage everyone to support the Chapter by attending our Chapter meetings. Please watch for email announcements and watch our website www.stlai.org for information on future events and dates.

Have a great 2018 and see YOU at the next meeting.

John M. Rimar, MAI                                  

2017 - 2018 President

Back to top

Education Update

The Greater St. Louis Chapter jumped head first into 2018 with two USPAP classes in the first month. The classes, taught by Cheryl Kunzler, took place in St. Louis and Columbia, MO. Both of which were well attended. The very sensitive thermostat (hot, cold, hot, cold, hot, cold) and Cheryl's masterful teaching even kept the veterans like John Burghoff awake for the entire day. So thanks Cheryl, we all thoroughly enjoyed the class.

But the fun doesn't stop there. Coming up in Collinsville, IL is another USPAP update on Monday, March 19, 2018. You can visit stlai.org for more information about USPAP and upcoming classes.

This year will be the first year for Bert Westover Spring CE Symposium. This day is FREE to members, thanks to the Bert Westover Memorial Fund. It will be a day filled with lunch, education, networking, and a chance to reminisce about the good ole' days. To honor Bert, et al, by remembering those appraisers who are no longer with us, yet have helped pave the path.

The day will include 5 guest speakers, lunch, and 7 hours of CE. Topics include Green/High Performance Homes, Green Rooftop Systems, 2018 Economic Forecast, New Market Forces Effecting Commercial Retail Real Estate, and A Tale of Three Cities: St. Louis, Kirkwood, Ferguson, and the future of American Cities. Come of the guest speakers include Matt Belcher with Verdatek Solutions and the University of Missouri, Roxanne Nagel with Roof Top Sedums, Scott Colbert with Commerce Bank, Chris Zoellner with Balke Brown Transwestern, and of course our own famous/notorious Doug Potts. The spring symposium takes place on Tuesday, March 27, 2018 at the St. Louis Association of Realtors building. The address is 12777 Olive Blvd., St. Louis, MO 63141. A very special thank you to Julia Gomez, Linda Atkinson, and John Rimar for all of their hard work to make this event possible.

Lastly, we will offer an additional CE class, Solving Land Valuation Puzzles. The course will be offered on April 24th at the St. Louis Association of Realtors office at 12777 Olive Blvd in Creve Coeur. Learn how to solve a variety of land valuation and feasibility problems using less commonly used land valuation techniques in this one-day seminar. Interactive case studies and discussion topics cover highest and best use considerations, land residual analysis, contamination, impacts of tax increment financing on feasibility, condemnation, subdivision analysis, unit of comparison selection, and alternatives when inadequate land sales exist.

Back to top

Treasurer's Report

The chapter ended 2017 with a healthy balance sheet, although we were down $5,000 or 5.13% from YE 2016.  Making money on education continues to be a challenge for the chapter, especially QE and AE, and overall we ended the year with a small loss on education. This is due in part to the board providing a full day of free CE in February 2017 to the membership.  Membership dues income was up 14% in 2017 when compared to YE 2016, but we also expect dues income to decrease slightly given the potential retired members to increase and fewer new members in the near term.  Overall, the chapter’s finances are healthy.  The chapter also collected and is holding $4,400 in funds allocated to the Bert Westover Scholarship Fund.

Back to top

Burt Westover Memorial Golf

Bert Westover Memorial Fund Golf Tournament:  Bert Westover’s daughter (Katie Rowe) is holding a golf tournament in honor of her father and would like Appraisal Institute members to participate.  The tournament format is a 4 person scramble and will be Friday, April 27th at Golf Club of Wentzville.  The cost is $80/per person which includes dinner, awards, drinks, snacks, and door prizes.  A brochure is available from Jeff Thornhill who can be reached at jeff.thornhill@fbol.com.  You can also reach Katie (Westover) Rowe at katelin94@charter.net.

Back to top

Westover Spring CE Symposium

FREE LUNCH - sponsored by the Albert "Bert" Westover Scholarship Fund

Green Building Construction, Matt Belcher - Varatek Solutions, Univ. of MO

Green Rooftop Systems, Roxanne Nagel - Roof Top Sedus

Economic Forecast, Scott Colbert - Commerce Bank

New Market Forces Effecting Commercial Retail Real Estate, Chris Zoellner - Bake Brown Transwestern

Tale of 3 Cities: St. Louis, Kirkwood, Ferguson, and the future of American Cities, Doug Potts, MAI - Commerce Bank

Cost is FREE for Members

$100 for Non-Members



Back to top

Job Opportunity - Board of Equalization

The St. Louis County Board of Equalization is seeking Hearing Officers with commercial real property, residential real property, and/or personal property background to perform specialized duties. 

The Board of Equalization members are appointed by the St. Louis County Executive.  All Hearing Officers are independent contractors who report directly to the Board of Equalization.

Duties:  Hearing Officers will listen to arguments presented by the Taxpayer/Taxpayer Representative and the Assessors Representative, and will review any applicable documentation provided regarding the current assessment.  After both sides have presented their arguments, the Hearing Officer will make a recommendation to the Board.  The Board will make the final decision.

This is a seasonal position during the months of July and August of each year.  Work hours are extremely flexible.  We offer both 4 and 8 hour workdays; based on the number of hearings and the applicants availability.  The rate of pay is $150 for a half day or $300 for a full day. 

Appraisers, brokers, sales personnel, developers, property managers, lenders, and others with real estate related backgrounds typically have desirable experience.  Familiarity with the valuation of machinery and equipment, depreciation schedules and/or balance sheets is beneficial with respect to personal property.

For an application, or information, please contact the Board of Equalization office at (314)-615-7195.  All candidates will need to complete the application process, provide a resume, references, and a standard background check.

Back to top

Volunteer Opportunity

We are looking for volunteers for numerous positions on the 2019 Board of Directors and various 2018 committees.  The election will take place in June, with official service beginning January 1, 2019, or immediately for committee members.  If you are interested, please contact President John Rimar at jrimar@cbiz.com or our past president Jim Wildman at jim1wildman@yahoo.com.

Back to top