State Board of Real Estate Appraisers
PUBLIC SESSION OF WEDNESDAY, FEBRUARY 13, 2008
MINUTES
The regular meeting of the Board of Real Estate Appraisers was held at 124 Halsey Street on the 3RD Floor on Wednesday, FEBRUARY 13, 2008. The meeting was convened in accordance with the provisions of the Open Public Meeting Act. Board Member, Mrs. Siegel called the meeting to order at 9:30 A.M. A roll call was taken and the following attendance was recorded for these minutes:
John A. McCann Present
Denise Siegel Present
Barry J. Krauser Present
Frank A. Willis Present
Stephen P. Giocondo Excused
Robert H. Scrivens, Jr. Present
Cheryl A. Randolph-Sharpe Excused
Eileen M. Mannion, Esq. Excused
Also, present were: Dr. James Hsu, Executive Director; Susan Carboni, Deputy Attorney General; Emilio Aviles, staff; Charles Kirk, staff.
APPROVAL OF MINUTES OF TUESDAY, JANUARY 8, 2008
Following review and discussion and upon motion of Mr. Willis, seconded by Mr. Krauser it was determined that the minutes of January 8, 2008 be approved . A vote was taken and the motion was carried unanimously.
DIRECTORS REPORT
Executive Director, Dr. Hsu made the following announcements:
*** Board Members Ms. Mannion, Mr. Giocondo and Mrs. Sharpe are excused for this meeting.
*** There are three Investigative Inquiries and one Applicant Interview scheduled for this meeting.
CONTINUING EDUCATION
| Provider | Course | Recommendation |
| American School of Business | General Site Valuation & Cost Approach | 28 Hrs. Of C.E. & 30 Hrs. Of Pre-Lic. |
| Westchester County Society of Real Estate Appraisers | FHA Appraising and the Lending Process | 7 Hrs. Of C.E. |
| Wachovia Appraising Training | (1) 2008 National USPAP Course (2) 2008 National USPAP Course | 15 Hrs. Of Pre-Lic. 7 Hrs. Of C.E. |
| Wachovia | (1) Saleable Pre-Training Guidelines (2) Secondary Market Appraisal Training | 4 Hrs. Of C.E. 5 ½ Hrs. Of C.E. |
| NAIFA | Comparables Sales; Selection & Verification | 2 Hrs. Of C.E. |
| JVI | Appraising REO Properties | 7 Hrs. Of C.E. |
| Northeast NJ Chapter of the Appraisal Institute | Leed Existing Buildings Technical Review | 7 Hrs. Of C.E. |
| Appraisal Institute | (1) Online Reviewing Residential Appraisals and Using (2) Fannie Mae Form 2000 (3) REO Appraisal-Appraisal of Residential Property for Foreclosure and Pre-Foreclosure (4) Appraisal Challenges: Declining Markets and Sales Concessions (5) General Appraiser Sales Comparison Approach (renewal) (6) Condominiums, Co-Ops, PUDS | 7 Hrs. Of C.E. 7 Hrs. Of C.E. 7 Hrs. Of C.E. 7 Hrs. Of C.E. 27 Hrs. Of C.E. & 30 Hrs. Of Pre-Lic. 7 Hrs. Of C.E. |
| Van Education | Basic Appraisal Principles | 29 Hrs. Of C.E. & 30 Hrs. Of Pre-Lic. |
| NJ Chapter IAAO | Tax Appeals 2008 | 6 Hrs. Of C.E. |
| PA Metro Chapter of the Appraisal Institute | (1) Litigation Skills for the Appraiser (2) Mortgage Fraud and Predatory Lending | 7 Hrs. Of C.E. 7 Hrs. Of C.E. |
| Metro NY Chapter of the Appraisal Institute | 2008 Real Estate Economic Forecast | 2 Hrs. Of C.E. |
| American Society of Farm Managers and Rural Appraisers | (1) Appraisal Review under USPAP 4044 (#370) (renewal) (2) Intro to Appraisal Review | 22 Hrs. Of C.E. 14 Hrs. Of C.E. & 16 Hrs. Of Pre-Lic. |
| Greater PA Realty Board School | (1) Mortgage Fraud & Predatory Lending (2) 7 Hour National USPAP (3) Mortgage Fraud & Predatory Lending (4) Condos and Co-Ops | 7 Hrs. Of C.E. 7 Hrs. Of C.E. 3.5 Hrs. Of C.E. 3.5 Hrs. Of C.E. |
| McKissock | (1) Residential Market Analysis & Highest and Best Use (2) Even Odder: More Oddball Appraisals | 15 Hrs. Of Pre-Lic. 7 Hrs. Of C.E. |
| Just Valuation Inc. | JVI Appraising Residential REO Properties | 5 Hrs. Of C.E. & 6 Hrs. with exam |
| Metro NJ Chapter of the Appraisal Institute | Membership Monthly Meeting | 2 Hrs. Of C.E. |
| Dynasty | Statistics, Modeling & Finance | 14 Hrs. Of C.E. & 15 Hrs. Of Pre-Lic. |
| NAIFA | Annual 2 day Conference |
Following review and discussion by the Education Committee and the Board and upon motion of Mr. Krauser, seconded by Mr. Willis it was determined that the C.E. Courses listed did meet the established criteria for the designated approved hours and that they be approved as noted above. A vote was taken and the motion was carried, unanimously
APPRAISAL FOUNDATION
*** News from the Appraisal Foundation - The Appraisal Foundation Seeks Candidates for Vacancies on the Board of Trustees
The Board review, discussed and duly noted the above item.
APPRAISAL STANDARDS BOARD
*** USPAP Q and A, Vol. 10, No. 1, January, 2008
*** Invitation to Comment on USPAP and USPAP Education
*** Announcement of ASB Public Hearing on March 3, 2008
The Board reviewed, discussed and duly noted the above items. ASSOCIATION OF APPRAISER REGULATORY OFFICIALS
*** AARO NEWS, Winter 2007-2008
The Board reviewed, discussed and duly noted above item.
PUBLIC ANNOUNCEMENTS OF DISCIPLINARY ACTION TAKEN
*** IMO -- LOUIS PEREYRA Administrative Action - Provisional Order of Discipline Filed 1-11-08
*** IMO -- RYAN R. FINN - Administrative Action - Provisional Order of Discipline Filed 1-30-08
*** IMO -- MICHAEL OXLEY - Administrative Action - Provisional Order of Discipline Filed 1-30-08.
*** IMO -- ROBERT B. MC BRIAR - Administrative Action - Provisional Order of Discipline Filed 2-4-08
*** IMO -- JOSEPH A. PERELLA, SR. - Administrative Action - Withdrawal of Final Order of Discipline Filed 1-14-08.
The Board reviewed, discussed and duly noted above Orders.
LEGISLATION
*** P.L. 2007, Chapter 327, approved January 13, 2008 Assembly Committee Substitute for Assembly No. 3623 - An act concerning certificates suspending certain employment or occupational disabilities related to criminal conviction and supplementing Chapter 168A of Title 2A of the New Jersey Statutes.
*** Chapter 40A - State Board of Real Estate Appraisers - Expires 10-3-12
The Board reviewed, discussed and duly noted the above items.
OTHER
*** Promissor Appraiser Board Test Administration Annual Summary Report - January 1, 2007 through December 31, 2007.
*** Exchange of correspondences with the Monmouth County Board of Taxation regarding errors published in a pamphlet they distributed entitled "Understanding Property Assessment Appeals".
*** Article from the Bergen Record of January 21, 2008 - "Appraisal Abuses Probed"
The Board reviewed, discussed and duly noted the above items.
PENDING APPLICATIONS
Residential License
Christopher J. Gordon Brian A. Kalucki
Kenneth R. Schulte Kevin J. Sherwood
Kim R. Wagner Gary R. Williams
Edward M. Rudin
Certified Residential
Jose R. Auciello Lauren J. Baker
George R. Beckett Trina Braun
Kenneth D. Bronstein James J. Carr
Warren S. Cohen Dominick V. Cordone
Richard E. Domanico Jean Marie A. Dour
Terence Hegarty Stephen G. Herold
Lindsay A. Krum Keith M. McGregor
Wallace Pickard, Jr. Leonard J. Pollara
Vincent Regina Cory R. Schmitz
Jennifer D. Winters Peter A. Marcano
Thomas Fazio James S. Alexis
Certified General
Nicholas J. Bonagura Michael G. Bruno
Following review and discussion by the Board and upon motion Mrs. Siegel, seconded by Mr. Krauser it was determined that the above noted candidates did meet the established criteria for Licensure and that their applications be approved. A vote was taken and the motion carried, unanimously.
PUBLIC COMMENT
There were no members of the public present at this meeting.
ADJOURNMENT
Upon motion of Mr. Krauser, seconded by Mrs. Siegel it was determined that the Public Meeting be adjourned at 11 A.M. and the Board proceed to the Executive Session. A vote was taken and the motion carried, unanimously.
Respectfully submitted,
DR. JAMES S. HSU
Executive Director
|
Contact Us | Privacy Notice | Legal Statement | Accessibility Statement  |
||
| division: dca home | complaint forms | licensing boards | adoptions | proposals | minutes | consumer protection | ||
| departmental: lps home | contact us | news | about us | FAQs | library | employment | programs and units | services a-z | ||
| statewide: nj home | my new jersey | people | business | government | departments | search | ||