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Please Join Us For Our Local Area Meetings, Events & Education Offerings – CHAPTER GENERAL MEETING & SEMINAR *Save the Dates! *September 17, 2008 *November 12, 2008 *2008 Education-Event Calendar - …offering more than 405 hours of class room teaching.
(Prior Year) 2007 Chapter Sponsored Education-Event Calendar - …taught more than 385 class room hours.
Doubletree Cleveland South Hotel 6200 Quarry Lane, Independence, Ohio 44131 Phone: 216-447-1300 Reservations: 1-800-753-4371 Dear Appraisal Institute Traveler:
The Doubletree Hotel Cleveland South is very excited to be the preferred hotel for Appraisal Institute travelers for 2007. You will enjoy the warm ambiance of the Doubletree Hotel Cleveland South accompanied by a friendly staff available to take care of your every need. The 2007 Appraisal Institute rate $89.00 plus tax per night.
The DoubleTree Hotel Cleveland South is voted one of Cleveland’s Top 5 Luxury hotels as surveyed by Cleveland City Search. The DoubleTree Hotel Cleveland South is located only 4 miles from the Appraisal Institute office and offers the best in personalized service and Hospitality.
· Hilton’s Hhonors has been voted by JD Power and Associates as the “Best” frequent guest program. The only frequent program that allows travelers to “Double Dip” with frequent flier miles and hotel rewards. If you are not a current member please visit www.hiltonhhonors.com Join today. It’s easy, fast & free · Complimentary High speed internet access in all guestrooms · High speed wireless access available in public areas · 24 hour Business Center · Shula’s 2… more sport, more casual, more steak Restaurant and lounge serving breakfast, lunch, dinner, and room service · Complimentary Airport Shuttle Service and Complimentary Parking · Four-cup Coffee Makers, Hair Dryers, Irons and Ironing Boards in guestrooms · Indoor/Outdoor Pool, Whirlpool and Fitness Facility · One – Click Reservations Access. Please use the URL listed below to you’re your reservations through DoubleTree.com:
Click here to Reserve a Room at Doubletree
We look forward to the opportunity of having you as our guest. We can assure you that tour staff will do everything they can to ensure you and your guest have an enjoyable stay at our property. Sincerely, Doubletree Cleveland South, Staff and Management
Holiday Inn Select 15474 Royalton Road Strongsville, Ohio 44136 Tel 440-238-8800 Appraisal Institute discounted rate of $99 is based upon hotel availability. Can be upgraded at check-in to include breakfast for an additional $10.
Chapter Office
Appraisal Institute, Northern Ohio Chapter Amy Cramer, Executive Secretary P.O. Box 31665 Independence, Ohio 44131
Email: info@aiohio.org Phone: (216) 520-0560 Fax: (216) 274-9289
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Find An Appraiser Basic Search within XX miles of Zip Code _________________________________________________ Members Only Log-In– Update Expanded Directory Listing Email support@aiohio.org for assistance. _________________________________________________
Click here for Commonly Asked Questions
Residential Associate Members There have been some important changes in the requirements for the SRA designation. The Board of Directors passed an amended motion to extend the Pre-2005 SRA Path deadline to 12/31/2008. The deadline was extended in an effort to provide associate members on this path with more time to complete their requirements. No additional extensions are anticipated after this date. The Pre-2005 SRA Path and the current SRA requirements can be viewed at www.appraisalinstitute.org . Click on the Members drop down menu along the top and then click on Associate Member Info. There is important information for residential associate members at this website on topics including: demo appraisal requirements and alternatives, experience requirements, status reports and associate news.
We will be holding periodic associate meetings in order to assist associate members in becoming designated. As well, Residential Associate Members are always welcome to contact me at shivnor@advapp.com or 440-946-8364 with any questions or concerns.
SRA Experience Forms (2,000 hours) SRA Experience Forms (3,000 hours)
Scott Hivnor, SRA Residential Guidance Chair
Call for Designated Members to Update Online Directory Listing with Expanded Professional Services Information Feature
To assist designated members in marketing their services through the online Directory on the national web site, the Appraisal Institute offers the opportunity to create an expanded Member Profile that encompasses business services and other background information.
Click here Log-in Page Members Only to access, create or update Member Profile currently displayed in your Directory listing.
Directory Listing Information features include:
Ø Primary and Secondary Market Areas Ø Business Services Ø Property Types and Subcategories Ø Primary Practice Focus Ø Other Professional Affiliations/Designations Ø Formal Education Ø Languages Ø Upload Member Photo (type: jpg size: 150 x 150) Ø Add new data on State Licensing Ø Available for Fee Assignment
Please keep in mind the requirements of the Appraisal Institute's Code of Professional Ethics, particularly Ethical Rule 1-3 relating to competency and Canon 5 and its Ethical Rules relating to advertising and solicitations. Please also keep in mind the Competency Rule of the Uniform Standards of Professional Appraisal Practice (USPAP).
Email info@aiohio.org for questions, comments or telephone assistance.
Member News Space available in appraisal office Space available in appraisal office with two residential appraisers’. 10 x 12 room and a secretarial area available. Asking $350 which includes DSL, copier and fax machine. Located on Mayfield Road near Richmond Road. Call Rick Costanzo,SRA for more details. 216-409-9964
Industry News Members are encouraged to submit articles of industry interest to the attention of Chapter Publications at info@aiohio.org
News from The Google Earth Blog – The Amazing Things About Google Earth Google Earth Free/Plus License Change: Allowed in Businesses Ed. note: This from Frank Taylor's Google Earth Blog. It appears Google did slip in one more little thing with the Google Earth 4.2 (beta) which I hadn't noticed yet. The new release notes were just posted, and there is a line "Expanded terms of service for Free and Plus products". That's right, Google has finally fixed a problem a lot of people have been complaining about: using the free Google Earth in a business office setting (previously not allowed by the license). Sure enough, when you first go to download Google Earth 4.2, you're presented with new license terms.
An Economic Analysis of Real Estate Conservation Subdivision By Alan K. Reichert, PhD, and Hsin-Yu Liang
Articles Authored by Local Chapter Members
Creating Open Data Standards for Real Estate, Appraisal, and Mortgage Banking Author: Start
Page: 73 Economic Impact Study Affects Hospitality Project Financing Options By David J. Sangree, MAI, CPA, ISHC
Summary: • Economic impact studies demonstrate the economic benefits and desirability of hospitality projects • Government entities may provide financial incentives for a project when they are presented with its benefits • Economic impact comes from both short term and long term effects
Integrating Real Estate Property Information Data
Standards into Financial Business Processes
Indoor Waterparks: Making a Bigger Splash in North America in ‘07 By David J. Sangree, MAI, CPA, ISHC
By: David J. Sangree, MAI, CPA, ISHC Indoor waterpark resorts have continued to expand throughout North America with 95 open facilities in the United States and an additional 13 open facilities in Canada as of July, 2007. There are 3,643,100 aquatic square feet and 27,230 hotel rooms associated with indoor waterparks as of July, 2007. This family-oriented resort segment has established itself as a viable segment of the travel industry and has expanded well beyond its original Wisconsin base. By the end of 2007, 24 states and five provinces will have at least one indoor waterpark resort. The number of indoor waterparks has grown significantly since their inception in the early 1980s, while the average number of hotel rooms attached to these waterparks has also increased substantially over the years. Between 1994 and 2006 in the United States and Canada, 97 indoor waterpark resorts opened either as new construction properties or as additions to existing hotels. The following table shows the number of hotel rooms and square feet of indoor waterparks that opened in the U.S. and Canada from 1983 to 2006.
Number of Indoor Waterpark Destination Resorts Grows in ‘07 By David J. Sangree, MAI, CPA, ISHC
The year-end survey of indoor waterpark resorts in the U.S. and Canada by Hotel & Leisure Advisors, LLC (H&LA) indicates that the number of indoor waterpark destination resorts has grown from 30 available properties as of year-end 2005 to 43 available properties as of year-end 2006. Twelve waterpark additions to existing hotels or new construction properties, all of which meet our definition of indoor waterpark destination resorts, are projected to open in 2007. Additional resorts are currently in development and likely to begin construction in 2007. As of January 2007, we are tracking over 240 new indoor waterpark resort development projects and indoor waterpark additions to existing hotels. The Great Wolf Lodge brand offers the greatest number of indoor waterpark destination resorts in the United States and Canada and also has the greatest number of new resort properties under construction. In most markets, there are …
Data Standards and Service Standards: Helping Businesses in Real Estate, Mortgage Appraisal, and Related Industries Function More Efficiently Author: John Cirincione and Sam Bacharach Abstract: Much work is being accomplished globally in
many industries to standardize data and online services. Benefits of
standards include decreased operational costs, increased employee and
workplace productivity, improved accuracy, more open exchange of information,
increased flexibility, reduced risk, and more real-time transactions. This
article discusses the standardization efforts of four standards bodies
working on information technology standards to benefit the real estate market
and related markets such as mortgage, property valuation, architecture,
engineering and construction markets. These standards bodies are the
Appraisal Institute, Mortgage Industry Standards Maintenance Organization,
Open Standards Consortium for Real Estate, and the Open Geospatial
Consortium. The article also addresses each organization’s
interoperability focus, some of key areas of collaboration, and where they
see convergence occurring. Start Page: 125, End Page: 138, Volume: 15,
Issue Number: 1, Year: 2007, Publication: American Real Estate Society, Journal of
Real Estate Literature. Mortgage Data Standards Geospatial Solutions By John Cirincione, SRA,CRE,FRICS
Financing Your Indoor Waterpark Resort By David J. Sangree, MAI, CPA, ISHC
Appraisal and Market Analysis of Indoor Waterpark Resorts By David J. Sangree, MAI, CPA, ISHC | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
