The American Society of Appraisers recently held its annual 2015 International Appraisers Conference on October 18-21 in Las Vegas, Nevada at the Mirage Hotel & Casino. ASA’s dedicated team of conference planner volunteers and staff worked hard to put together an outstanding conference filled with cutting edge topics presented by the world’s preeminent appraisal thought-leaders, exciting networking events and special tours for attendees all in the iconic location of Las Vegas. IAC’15 kicked off Sunday night with a Welcome Reception, allowing attendees to get to know one another and network.
Monday’s Keynote Presentation by G. Scott Clemons.
Monday was the first full day of the conference and began bright and early at 8:00am with introductions and welcoming remarks from Linda B. Trugman, ASA, Conference Chair and International President. Immediately after was the keynote presentation by G. Scott Clemons who presented on Three Yards Up the Middle in a Cloud of Dust, discussing the implications of divergent central bank action for interest rates, economic activity and financial market returns and the risks facing investors, business owners and advisors. The keynote presentation was a mix of informative and interesting. Following the keynote presentation, attendees adjourned to the appropriate specialized educational track they chose. This year, attendees were able to pick and choose the best educational track option for themselves from five highly specialized education tracks, Gems & Jewelry; Machinery & Technical Specialties; Personal Property; Real Property and Appraisal Review & Management.
The first educational sessions of the day included presentations on trends in diamond and jewelry retail by Lynn Baldwin; international professional standards by Mary Jane Andrews; casinos by David Schwartz and statistical analysis and hedonic regression by Ernest Demba, FASA. Educational sessions continued with topics on the diamond industry; tangible asset valuation; valuing celebrities; statistical analysis and hedonic regression and ethics in the global real estate market by Reuven Kaufman, Simon Mather, Catherine Williamson, Ernest Demba, FASA and Tony Grant respectively.
Sheryl Gillett, FASA and Linda Trugman, ASA.
Lunch and the International Awards Presentation followed these educational sessions. During the Awards Presentation, ASA members, volunteers, chapters and staff were recognized and honored for their achievements. Joseph M. Santora, ASA won the Jerry F. Larkins Award in recognition of exceptional volunteer service to and support of ASA, its members, its staff and the appraisal profession and Joy L. Brown of ASA headquarters staff won the Sylvia Wade Olson Award in recognition of outstanding dedication and commitment to ASA and invaluable service to the appraisal profession. Chapter awards winners included NorCal Chapter for Best Chapter Newsletter; Philadelphia Chapter for Best Chapter Mentor Program; Wisconsin Chapter for Best Chapter Website; International Virtue Chapter for Outstanding Chapter Education Event; Chicago Chapter for Best Chapter Public Relations Program; Philadelphia Chapter for Outstanding Chapter of the Year. To view a list of winners, click here.
After lunch sessions touched on topics of Liberace’s famed jewelry collection by Jonathan Warren; changing influence of regulators by Hakob Sarkissian, ASA and Robert J. Stall, ASA; a panel discussion on just the facts of consulting a specialist; appraiser as testifying expert by Thomas Countryman; diamond clarity by Gary Roskin; group asset appraisals by Robert Zises, ASA; regulated properties by Michael McCollough and more to appraisal review by Christopher Mercer, ASA and Timothy Lee, ASA. The last sessions of the day included presentations on magic of alexandrite by Evan Caplan; semiconductor equipment by Kevin Otus, ASA; Boston Raphael by Belinda Rathbone and red flags in IRS appraisals by Theresa Melchoirre.
The Banking Roundtable was held Monday afternoon. ASA’s Machinery & Technical Specialties Discipline sponsored this event. ASA and Discipline leaders along with banking and leasing professionals sat together and discussed the appraisal industry and best practices in relation to banking and leasing.
ASA’s Educational Foundation Auction was a huge success!
The Educational Foundation Auction and President’s Networking Reception followed Monday’s educational classes in the evening. There was a silent auction, which was a huge success due to over 70 items being donated. Items in the silent auction included jewelry, wine, books, classes and even liquor. The auction and President’s Networking Reception concluded the first full day of the conference. Photos from the Educational Foundation Auction can be viewed here.
Tuesday was a busy day with over 15 educational sessions from more than 30 industry experts teaching on topics covering five highly specialized education tracks. A second keynote presentation was scheduled for Tuesday morning at 8:00am. Dr. Bill Saleebey, Ph.D. presented on Proven Networking Strategies to Maximize Referral Business Development. Educational sessions began immediately after with topics ranging from AGS laboratories; international valuation; BV issues colliding with PP appraisal; secrets to hotel/casino valuation; and IVS standards. Leaders in the profession instructing these sessions were Althea Inns; Jason Quick; Jamie Allen, ASA; Christopher Sytsma, ASA; Paul Drooks, ASA; Steven Schumacher, ASA; Dr. Lawrence Golicz, ASA; Raymond Rath, ASA; Neil Thompson, ASA; Mary Ann Weidner; and Karin Lusnic, ASA. Presentations continued on topics of JTV and ayuravedic gemstones; paradigm of manufacturing and tooling equipment; cost approach; data science and statistics by Jay Boyle; James Minchella, ASA; Patrick Ela, ASA; Lela Hersh, ASA; Michael McCullough; and George Dell, ASA. Following lunch were presentations on turquoise by Rob Kennedy; shale oil by Norman Laskay, ASA; James Bond by Lee Blondi and archivists tip by John Henley, ASA and Belinda Rathbone; and appraisal arguments by Richard Conti, ASA.
(L-R) Peter Held, AM; Jennifer Carman, ASA; Paul Drooks, ASA and Alexis Hill, Esq.
Tuesday afternoon included off site tours with Gems and Jewelry and Personal Property. Gems and Jewelry offered an off site tour open to everyone to visit a one of a kind tour of a tremendous exhibit of Liberace artifacts from the Liberace Museum Installation at the Thriller Villa. Thriller Villa was the former home of Michael Jackson in Las Vegas. The exhibit included jewels, furnishings, stagecraft, costumes, fine art and more. The tour also included a visit to the Turquoise Chief’s American Indian Jewelry Specialty Store. Personal Property attendees had a chance to visit the University of Nevada – Las Vegas’s Lied Library and Archives with a presentation by Michelle Light; UNLV Marjorie Barrick Museum and a reception at Art Encounter Gallery. The three other disciplines continued with exceptional educational presentations on fundamentals of M&E by Steve Barreca Sr., ASA; income approach by Robert Svoboda, ASA and Richard Ellsworth, ASA; USPAP and litigation by Jay Fishman, FASA; appraisal review & expert witness by Roger Durkin, FASA and secrets of hotel/casino valuation by Dr. Lawrence Golicz, ASA; Raymond Rath, ASA; Neil Thompson, ASA and Mary Ann Weidner.
A Women’s Networking Reception was held Tuesday evening sponsored by Crowe Horwath LLP. This inaugural reception allowed the opportunity to meet and network with prominent women across all of ASA’s appraisal disciplines.
Catherine Williamson presenting on “Valuing Celebrity: Considering Added Value Due to Provenance.”
Wednesday was the last day of the conference and consisted of over 10 educational sessions ranging from jewelry terminology by Thom Underwood, ASA; gaming industry by Alan Gordon; IRS by Theresa Melchoirree; Veterans affairs by Phyllis Chilton; educate the jury by Nancy Stacy, ASA; John Deere by Richard-Raymond Alasko, FASA and Neil Dahlstrom; add Vegas to the appraisal experience by Richard Huntington, ASA; valuation issues in appraising archives by John Henley, ASA; Richard-Raymond Alasko, ASA; Jacob Fish; and Brooks Rice, ASA; Fannie Mae update by Scott Douglass and Jeremy Staudenmaier; technology in appraisal practice by Matt Kaufman, ASA. Machinery and Technical Specialties had a special one of a kind tour of the Ritchie Bros. Las Vegas auction site. Ritchie Bros. presented a “Global Perspective” on the specific industries served by RB including 2015 YTD data from sales and trends from now. Attendees got to inspect equipment onsite and had the chance to be part of a mock appraisal.
ASA PAC raffled off an eight-course dinner at celebrity chef Tom Colicchio’s Heritage Steak – Vegas’ only Zagat Rated “25 Most Important Restaurants.” Proceeds from the raffle along with contributions received help fund the Society’s ongoing government relations’ effort.
Some of the attendees of the 2015 Conference – (L-R) Asher A. Cohen, ASA; Anand Trivedi, ASA and Ali Khatri, ASA.
ASA’s Real Property discipline collaborated with the National Association of Independent Fee Appraisers (NAIFA) in offering joint Real Property education and networking opportunities at 2015 IAC. These two renowned and respected appraisal organizations offered three days of detailed, content-rich real property programming which allowed appraisers from both organizations to meet, network and share educational content during the two distinct conferences. Educational sessions addressed relevant and timely issues facing real property appraisers and assessors. Topics of discussion included hedonic regression analysis and its uses in real estate appraising; preparing and presenting expert valuation testimony by an outstanding trial attorney; growing your appraisal practice by adding litigation support work; secrets to hotel and casino valuation; Veteran’s Affairs news and an update on Fannie Mae by its director of Property Valuation and Eligibility.
ASA hosted a series of pre-conference educational courses in Las Vegas prior to IAC 2015. The courses given were ARM204 – Appraisal Review and Management Overview; BV202 – Introduction to Business Valuation, Income Approach; BV204 – Advanced Topics in Business Valuation; BV301 – Valuation of Intangible Assets; MTS201 – Introduction to Machinery and Equipment Valuation; USP15BV – 15-Hour USPAP for Business Valuation; PP445 – Personal Property Appraisal Report Writing Update; ALL220 – Ethics and the Appraiser and HCWG – The Four Pillars of the Healthcare Industry. The two-day in-person health care valuation course session by the American Society of Appraisers Healthcare Special Interest Group (ASA HSIG) featured a blockbuster faculty including, Lisa G. Han, Esq.; John M. Kirsner, Esq.; Jack M. Beal, Esq.; Hal Katz, Esq.; and Todd A. Zigrang, MBA, MHA, FACHE, ASA.
HeliValue$, Inc. was one of the sponsors of ASA’s conference.
The American Society of Appraisers would like to thank Helivalue$, Inc.; ASA Healthcare Special Interest Group; ASA PAC; Appraisal Builder Pro; Appraiser Genie; Back Office Valuation & Consulting; BizComps; Borrowman Baker, LLC; Business Valuation Review; Business Valuation Resources; Circa; Crowe Horwath, LLP; Kersten’s Antiques; Real Property E-Journal; Robertson Taylor International; Sageworks; Southeast Appraisal & Valuation; Sweeney & Bartlett; The M&TS Journal; Treasure Valley Factors; Valuation Products and Services; International President and Conference Chair Linda B. Trugman, ASA, and the planning committee and advisors, Matt Kaufman, ASA; Daniel McConaughy, ASA; Christina (Nina) Woolford, ASA; Paul R. Cogley, Jr., ASA; Paul Drooks, ASA; William P. Wilson, III, FASA; Charles W. Ruth, ASA; John V. Henley, ASA; and Micheal Lohmeier, FASA for all their hard work and support. Photos from the 2015 International Appraisal Conference can be viewed here.
Save the date! September 11-14, 2016 is ASA’s 2016 International Appraisers Conference at the Boca Raton Resort & Club in Florida.
Save the date! Make plans to attend the 2016 International Appraisal Conference at the Boca Raton Resort & Club in Florida on September 11-14, 2016.
Thank you again to all our supporters for making ASA’s 2015 International Appraisers Conference a great success!
By Alison Ho, Marketing Assistant at American Society of Appraisers