January Meeting: The State of ASA

The January Breakfast Meeting will be held on Wednesday, January 20, 2010 at the Doubletree Guest Suites in Plymouth Meeting, PA at at 8:00 am. The guest speaker will be ASA Region 1 Governor, Timothy A. Griffith, ASA, who will explore The State of ASA in what he characterizes as “listening visit” – an opportunity to answer questions and gather information.

Timothy A. Griffith is a commercial real estate appraiser, preparing real property appraisals for major lending instructions, non-profit organizations, corporations, attorneys, private individuals, and estates. He holds a State Certified General Real Estate Appraisal License in the states of New Jersey, New York, and the Commonwealth of Pennsylvania. He holds a Masters of Science in Real Estate Valuation Analysis from New York University and has taken professional development courses offered by the Appraisal Institute, the International Association of Assessing Officers, and the American Society of Appraisers.

Governor Griffith’s visit is sure to be interesting, and qualifies for one hour of ASA Continuing Education Credit. The Breakfast is FREE for ASA Philadelphia members and $25 for guests. Family members, colleagues, and associates are welcome! Make checks payable to ASA Philadelphia Chapter 35. Please RSVP by January 16 to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

Spring 2010: 15-hr USPAP 2010-2011 Course

The Philadelphia Chapter of the American Society of Appraisers will sponsor a 15-hour, 2-day, all-discipline USPAP 2010-2011 Course on Thursday, April 15, 2010 and Friday, April 16 from 9:00 am to 5:30 pm each day.  The course will be held at the Marriott SpringHill Suites, 430 Plymouth Rd, Plymouth Meeting, PA 19462 (Phone: 610-940-0400), which offers discounted rates for ASA members and those taking the USPAP class. (Map)

This 15-Hour USPAP Course presents an overview of the USPAP 2010-2011 regulations and guidelines, and fulfills the requirements of appraisal societies for designation, and for USPAP continuing education.  This course satisfies the June 2011 PA State License Continuing Education renewal requirement for Real Property Appraisers.

The cost of the 2-day course is $275 per person and includes a Continental breakfast and afternoon snack each day, and a copy of the 2010-2011 USPAP Book, a $75 value.

Seating is limited to 30 participants, so please register early for the course, which meets the USPAP Requirements for re-accreditation and continuing education for most ASA appraisers.

Make checks payable to ASA Philadelphia Chapter 35 and mail to Executive Secretary Joanne Paciello, 8 Terrace Rd, Plymouth Meeting, PA 19462.  RSVP by email, phone (610-277-1366) or fax (610-277-1366).

November Meeting: Multidisciplinary Appraisers Roundtable

The November Chapter Meeting will be held on Wednesday, November 18, 2009 at Johnnie’s Italian Restaurant, 4201 Comly Street, Philadelphia, PA 19124 (215-533-9920).. The Board of Directors will meet at 5:00 pm; all ASA members are welcome. The general meeting starts at 6:30 and will consist of roundtable discussions, led by senior appraisers in each discipline, of current issues and future directions.

Real Property led by Robert J. Luciani, ASA

• USPAP Revisions effective January 2010
• Home Valuation Code of Conduct: Unintended consequences; myths and realities
• Fannie Mae 1004MC Market Conditions form
• Broker Price Opinion: purpose, function, and use

Personal Property led by Susan M. Golashovsky, ASA

• Digital Signatures: Methods and responsibilities ( with handout)
• Art Advisory Panel's "Preferred Item Format ..."

Machinery & Equipment led by Charles C. Dixon, ASA

• Fair Value under 141R
• Orderly liquidation value
• Auction value
• Bank financing

Gems & Jewelry led by David M. Rosen, ASA

• FMV research and reporting
• Finding and evaluating comparables
• The Paths to professional advancement

Business Valuation led by Andrew M. Wilusz, ASA

• Cost of capital
• Marketability vs. Liquidity
• Guideline companies
• Financial reporting

The roundtable discussions are sure to be of interest to all ASA appraisers. Please register early for this educational and productive evening which qualifies for one hour of ASA Continuing Education Credit.

Dinner is $35 per person for members and guests. Make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Sunday, November 15 to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

September Meeting: ASA Direction & Structure

The September Chapter Meeting will be held on Wednesday, September 16, 2009 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:00 pm; all ASA members are welcome. The general meeting starts at 6:30. The guest speaker will be John J. Barton, ASA, CPA  of Brandywine Valuation Consultants, LLC. Mr. Barton will talk about The Strategic Direction of ASA and its Chapter Structure.

John Barton performs valuations for transactions, tax matters, corporate restructuring, and litigation.  A graduate of LaSalle and Fordham Universities with a masters in literature (Fordham) and an M.B.A. in Finance and Accounting, he is an adjunct instructor of finance in Villanova University’s MBA Program. He is also an instructor of ASA Principles of Valuation courses both here and abroad.

Mr. Barton is the current Chairman of ASA’s Business Valuation Committee, and also serves on the International Membership Committee, as well as on a Subcommittee, the Board of Examiners. He is a Practitioners’ Publishing Company author and a frequent speaker at professional societies on valuation topics.

Mr. Barton's discussion of The Strategic Direction of ASA and its Chapter Structure will be of interest to all ASA appraisers. Please register early for this educational and productive evening which qualifies for one hour of ASA Continuing Education Credit.

Dinner is $35 per person for members and guests. Make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Monday, September 14 to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

ASA 2009 International Conference

Get the 2009 ASA International Conference brochure.

May Meeting: Best Practices for Insurance Claims

The May Chapter Meeting will be held on Wednesday, May 20, 2009 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:00 pm; the general meeting starts at 6:30. The guest speaker will Anthony W. Hinkle, Esq., Managing Partner of the Philadelphia/Blue Bell Office of Cipriani & Werner. Mr. Hinkle will talk about The Do's and Don't of Claims.

A member of the American, Pennsylvania and Philadelphia County Bar Associations, Mr. Hinkle took his B.A. in economics and psychology at Wabash College, and earned both his J.D from the University of Pittsburgh School of Law and an M.S. from Carnegie Mellon University's Heinz School in a dual-degree program.

Mr. Hinkle is admitted to practice in all Pennsylvania State Courts, local United States District Courts, and the United States Third Circuit Court of Appeals. He concentrates on insurance liability litigation, including product, motor vehicle, and premises liability matters. A significant part of his practice is also devoted to employer/employee relations and to commercial contract and construction litigation.

Mr. Hinkle's discussion of The Do's and Don'ts of Claims will be of interest to appraisers in all disciplines. Please register early for this educational and productive evening which qualifies for one hour of ASA Continuing Education Credit.

Dinner is $35 per person for members and guests. Make checks payable to ASA Philadelphia Chapter 35. Please RSVP by May 16 to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

Update: Current Topics in Business Valuations Seminar

The American Society of Appraisers, New York City Chapter 30 will host the Seventeenth Annual Current Topics in Business Valuations – 2009 Seminar on Friday, May 8, 2009 at the Hilton Hotel in New York at 1335 Avenue of the Americas, New York, NY 10019 (Phone: 212-586-7000). Scott Nammacher, ASA and Bill Johnston, ASA will again co-chair the seminar this year.

Register before April 17 and pay only $350 per person. Regular registration thereafter or at the door is $400. No refunds after May 1. Registrants will receive a binder of speaker outlines and educational materials. Click the Pay Now button at right to pay with your Visa, MasterCard, American Express, Discover or Bank account through PayPal. (No PayPal account required!) Or pay by check payable to "NYC Chapter of ASA,".

RSVP: Ms. Annie Bell, Empire Valuation Consultants, Inc., 350 5th Ave Ste 5513, New York, NY 10118. Telephone (212-714-0122); Fax (212-714-0124).

The seminar, which is expected to qualify for 8 hours ASA and CPE credit, will cover the how-to aspects of unusual engagements and advanced aspects of evolving areas within the field. It will be ideal for business appraisers and others at all levels. The impressive line-up of speakers, panelists and topics promises a lively and informative day.

• Bank Valuations in Today's Environment
  Andrew K. Gibbs, CFA, CPA/ABV
• Horizon Values: Does, Don'ts and Methods to Keep Your Analysis Consistent
  Jeffrey Dunn
• Financial Reporting Update: Q & A on Current Issues
  Stamos Nicholas
• Valuing Debt Instruments: Intrinsic and Relative Valuation Methods
  John D. Moore, VP & Timothy J. Doherty, CFA, VP
• Underwater Option Re-pricing or Exchange Valuation Techniques and Issues
  Cindy Ma, Ph.D, CPA, CFA

Complete seminar details will be available within the week. Please check back here or subscribe to this page for updates.