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SCCAI STAFF Linda Zimmer, Executive Director executivedirector@sccai.org Zouka Rosen, Education Adm education@sccai.org Aloma B. Law, Member Service Coor. memberservices@sccai.org

2006 Heritage Night Photos & Words from

1

2006 Officers - President’s Pin pres-entation to Carol Chirpich, SRA

2

2006 Heritage Night Photos

3-5

2006 New Membership 6

Branch Chapter Events

7

Government Relations Committee Report

8& 9

Dedication in Memory of Dave Clarke, SRA

9

Schedule of Events & 2007 Education Offer-ings

10

Qualifying Criteria 11

2007 LDAC 14

Spotlight on the AI 13

Sponsorship Letter 2007 Installation Din-ner

12

INSIDE THIS ISSUE

The Trends V OLUME 4 I S SUE 8

N OVEMB ER 2006

This years Heritage Night at the Rio Hondo Country Club in Downey, was a return to a familiar meeting place for the Chapter during the 1970’s. The new Rio Hondo Country Club is a major improvement from the old cramped meeting room. This special night drew over 70 members and guests for an enjoyable evening honoring the past chapter presidents of both the Appraisal Institute and the Society of Real Estate Appraisers recalling the early days of appraising as far back as the 1930’s. The original Southern California Chapter of the AIREA was founded in 1932, with the Society’s Los Angeles Chapter #5 following in 1935. It took some 66 years for these chapters to merge; on January1, 2001, the new Southern California Chapter of Appraisal Insti-tute was chartered.

The night’s program chairman and 2001 Chapter President Vince Maher, MAI gave a Power Point presentation with photos of many chapter presidents and events dating back to the early years.

Words from the Chairperson of the 2006 Heritage Night

Vincent Maher, MAI (Past President 2001)

Following the theme of “What the Chapter Does,” he showed slides of well attended meetings including some 300 at 1959 Biltmore Hotel luncheon, all in suits and ties; chapter president’ instillations where tuxes were the uniform of the night: sports days where tennis, golf and even joggers receiving their trophies; $2.00 tours of the Queen Mary.

Maher pointed out that in his re-search for the program, the chapter office had very few photos, and searching through the chapter’s dusty and poorly lit self-storage locker found only one battered box contain-ing a few photos, and a tattered album. None of the old Chapter 5 Newsletters could be found, but thanks to Rolland Stephens Chapter President in 1979, he offered the 1970’s which he had saved. Unfortunately, only a few photos from the Society chapters were available.

Despite the limited number of pho-tos and archived materials that could be found the program was an entertaining walk down memory lane and well received.

Past Presidents

Keeping Appraisers Up-To-Date

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2006 Officers, Directors and Branch Chapter Chairs

Newsletter of the Southern California Chapter of the Appraisal Institute

PRESIDENT Karen G. Davidson,

MAI VICE PRESIDENT Carol Lynn Chirpich,

SRA TREASURER

Stuart D. DuVall, MAI SECRETARY

Orell C. Anderson, MAI

DIRECTORS

CENTRAL COAST

CHAIR Jim Mackelburg, SRA

VICE CHAIR Joyce Riggs, MAI

ADVISOR Michael DaKroob

EASTERN BRANCH

CHAIR Don Mowery

VICE CHAIR Charles Armstrong

ADVISOR Paul Norlen, MAI

SOUTHERN BRANCH

CHAIR Scott Pettifer, MAI

VICE CHAIR Keith Belsby ADVISOR

Kent Serviss

WESTERN BRANCH CHAIR

Moses Jordan, SRPA VICE CHAIR Eric B. Garfield

ADVISOR TBD

IMMEDIATE

PAST PRESIDENT

David Gribin, MAI

EDUCATION COORDINATOR Steve Norris, MAI

ADMISSIONS

CHAIR-Residential Julia Rias, SRA

ASSOCIATE GUID-ANCE CHAIR-

General Tom Neeson, MAI

ASSOCIATE GUID-ANCE CHAIR—RESIDENTIAL

Kerry Lieman, SRA

Carol Chirpich, SRA being presented the “President’s Pin” from Terry Dunkin, MAI, SRA the Appraisal Insti-tute’s National Incoming 2007President.

Saturday, Saturday, January 27, 2007January 27, 2007

75th Annual Installation Ban-75th Annual Installation Ban-quetquet

At theAt the Disneyland HotelDisneyland Hotel

Mark your calendar to join usMark your calendar to join us !!

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Karen Davidson, MAI, 2006 SCCAI President, Rick Donahue, MAI and Steve Fontes, MAI

Richard West, MAI and wife Cathy

Stu DuVall, MAI, Chapter Treasurer, Orell Anderson, MAI, Chapter Secretary, Charley Armstrong, Board Member.

Gil Epstein, MAI (Past President 1983), Vince Maher, MAI and Heritage Night Chair (Past President 2001), and George Hamilton Jones, MAI (Past President 1978)

The Most

Wonderful Gift of All

is the Gift of

Friendship

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Congratulations!

Presentation of MAI Certificate to Richard West, MAI by Karen Davidson, MAI, 2006 SCCAI President

Presentation of the National “Outstanding Associate Member Award” to Charlie Armstrong, 2006 SCCAI Board Member by Karen Davidson, MAI, 2006 SCCAI President

Kurt S. Shelger, MAI (Past President 1959) and Donald A. Pehrson, MAI (Past President 1967)

Robert Dietrich, MAI, Elizabeth Eberlein, Jim Mackelburg, SRA and Carol Chirpich, SRA and SCCAI 2007 President Elect

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Karen Davidson, MAI and 2006 SCCAI President

Steve Fontes, MAI, 2007 Chapter Secretary Elect

Past Presidents in Attendance

Richard West, MAI and Karen Davidson, MAI

Charley Anderson speaking after receiving The National Award

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JANUARY Adam M. Bogorad Shervin Bozorgnia Jeffrey Y. Carrillo Daniel S. Choi Jackie J. Flowers James J. Gerard Jeffrey J. Gway Yuri Gurevich Roger Henning Nicholas S. Ito Bonnie Joachim Steven J. Johnson Geoffrey W. Koopman Arian Leviste Frances M. Martel Eduardo Medina Gerald Morey Jim E. Moreno Manual Nevarez Stephen M. Parry David Romine Allen D. Smaldino Richard J. Van Wckle Heather N. Voeltner Brenda A. Wendt Cathy M. Williams Angel Zozikov

FEBRUARY James L. Andreas Ahansoliz Bahrami Jennifer L. Bosco Michael A. Chesney Michael G. Davidson Brian M. Delman Marcus Espiroza Ethan Fien Desarai L. Henry Jason H. Hinze Tirapol Krutrangsit Aarkis Mambreian Jeremy L. Martin Alan Douglas Myrick Liz Perez James J. Pipolo Kimberly R. Sanders

MARCH John B. Evans Donna Santo Lydia B. Satin Lilly Shamam Judith Valadez James D. Welsh Gloria A. Wilson Michael T. Wilson

APRIL Gail L. Brooks Vincent J. Cardenas, MAI Michael D. Cooper Molly Drexler Joyce H. Goralski Don T. Hirose, MAI Vicky L. Oates Kristen R. Patterson Bryan Roth K. Lee Steidel Russell B. Tiv Ramon Torres, Jr.

MAY Golden C. Arouza Eric S. Boucher Drusie T. Bushnell Cesar Chung Robert M. Contant, Jr. Jonathan K. Goldrich Geraldine E. Goralski Paul Hyman Wayne E. Johnston Yuhong R. Li Christie L. Markham Keith A. Miller Rory T. Nomoto Nicholas T. Quary Margaret Reilly John R. Sellers William V. Stolfi Vladimir Sturza Marvin L. Tobias Mike Young Sydney Warburton, III Marcia S. Wertenberger

JUNE J. Curteis Calhoun Aaron V. Chaires Peter Charos Kory M. Felix Richard A. Gilbert Stuart Hathaway William Martinez Brian J. Pavlic Shujah Qadir Jose A. Rivera Ronald K. Rossi Robert Stier Daniel Trimble Peggy A. Vickers Young Yoo

JULY Joseph A. Adaimy Rick L. Beauchamp Dennis J. Jorgenson William M. Martinez Rick Morris James M. Reimers Rommel A. Rivas Katherine M. Samson

Rebecca M. Santana LP Speck David C. Ting Mark W. Vejnar Honorato M. Villa

AUGUST Brandon H. Amyx Albert Bowers Jonathan A. Danley William L. Dreyfus David A. Dysart, Jr. Roger S. Ebner Adrian B. Higuera Donald L. Holman Johnathon B. Hossler Jennifer Hsu Michael Anthony Landes Sharon L. Mabley Scott J. Martin William J. McGinnis Robert Meteau Nima Nattagh Dennis L. Nowicki James M. Pink Dianne d. Reyes Robert B. Roades Randolph Rodarte Rhonda K. Rodgers Kelly L. Rodriguez Lance W. Sievers Justin T. Stevens William A. Stoveken Lindsay S. Werble Kathleen T. Wing Tod R. Winger Paul Woo

SEPTEMBER Tammy G. Adams D. Bordas Vince A. Castelluccio Mark Demkiw Anthony E. Fitzgerald Daniel J. Gabay Hemmings O. Harding Sandra L. Hill Brenda Nash Brian Nash Rick Orwig Brian V. Park Monique M. Parmentier Victor C. Perry Ferdinand C. Rose Lisa M. Setera Bradley Stern Roni Tatom Trung Ta Linas J. Venckus Brian A. Ward

OCTOBER Monica M. Chan Yehhua P. Chuan Michael Hansen Victor M. Hatem Sandra Kirkpatrick Jeffrey C. McNabb Gregory H. Morey Kien T. Nguyen Joel W. Quary Heather N. Riggs Karen Y. Rodriguez Benjamin J. Seitz Bill H. Slattery Justin M. Sperling Allen K. Tang Chris Tomongin Brad Walters Total Members: 189

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“Appraising In A Declining Chang-ing Market”

DATE: Tuesday, November 14th 11:30am—1:30 pm LOCATION: Yamazato of Japan 289 E. Hospitality lane, SBDO 92408 San Bernardino COST: $25 Traditional Japanese Lunch Register for this luncheon On Line at www.SCCAI.org

“When It All Comes Together—Creating a Result-Oriented

Appraisal Practice” DATE: Thursday November 16th 7:30am—9:30 am LOCATION: Spitfire Grill 3300 Airport Avenue Santa Monica COST: $20 Register for this Breakfast On Line at www.SCCAI.org

Basic Appraisal Principle Class Taught by Vickie Gill, SRA & Carol Chirpich, SRA

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GOVERNMENT RELATIONS COMMITTEE REPORT:

T he California State Government Relations Subcommittee of the Appraisal Institute (the

CSGRS) held its biannual meeting in Sacramento on Octo-ber 14, 2006. There are 5 Appraisal Institute chapters in California: Northern California, Sacramento-Sierra, Central California, Southern California, and San Diego. Excluding inactive and retired members, we currently have 2,354 AI members in California. This is 52 more members than we had last year! The CSGRS is responsible for keeping a watchful eye on policies and legislation affecting our profession and our state licensing system. To accomplish this mission, we retain a legislative representative, and that is Mike Belote of California Advocates, Inc. Mike has been the Appraisal Institute’s legislative representative in California since the committee was established effective 1-1-1991, and he works for us on a full time basis. At the fall, meeting we adopt a budget for the upcoming calendar year. The major expense of our committee is the cost of our legislative ad-vocate and required federal tax filings. A small amount of your annual membership fee is directed to this committee's work. Our budget for the past several years has been based on $13.75 per member per year (or about $1.15 per month per year). As with everything else in our personal and professional lives, our costs have increased slightly, and we've increased our per member assessment for 2007 to $15.00 per year ($1.25 per month), or about a 9% in-crease from 2006. This is an increase of less than $0.13 per month. At our meeting, we received the following up-dated information from Office of Real Estate Appraisers (OREA) Acting Director Tony Majewski: The OREA has received permission to upgrade the OREA database system, and Mr. Majewski believes that this upgrade will enable the department to handle on-line payments by next spring. Please remember when you renew your license that there is a new, lower fee schedule. The new fee schedule was effective 9-7-2006, and it is viewable on-line at: www.orea.ca.gov. The department is issuing refunds to those who renewed after the 9-7-2006 date and paid re-newal fees under the old, higher schedule. There was discussion about the approval of distance (on-line) education. According to the Appraisal Subcommittee (ASC), distance education courses must carry IDECC (International Distance Education Certification Center) ap-proval. To find IDECC approved courses by any course provider, go to: www.idecc.org. Note that the Appraisal Institute has 138 hours of IDECC accredited courses of-fered ranging from 4 to 16 hours.

A reminder that the Appraisal Qualifications Board (AQB) disqualified the 1,000 hours of brokers credit for the 2,000 hours of experience required for the AL license. An appraiser in California may still receive the 1,000 hours of experience credit by virtue of having a brokers license, however that appraiser will not be quali-fied to perform federally related transactions (and an as-terisk will appear next to their name on the federal ap-praiser registry). The number of licensees between 6-9-2006 and 10-6-2006 has increased by 281, with in-creases in the AL and AT categories, while the number of AT and AG licensees declined. It was reported that AT's are trying to qualify for the AL and AR licenses to beat the increase in requirements that take effect 2008. The changes are summarized below: Processing times for new licenses and license

renewals have declined. Continuing education renewals are taking about 29 days; initial applications for the AT license take about 71 days, and upgrade applications are taking about 78 days. There are at present 227 pending enforcement matters. The CSGRS is grateful that Acting Director Majewski keeps our committee updated on Cali-fornia and ASC issues. We viewed a 19-minute DVD sponsored by the National Association of Realtors (NAR), the California Association of Realtors (CAR), and First American Title Insurance Company. The video was produced in Ventura County and it speaks to predatory lending practices. We were impressed by the professional appearance and con-tent of the video and we’re asking National and the Cali-fornia chapters to consider contributing to the future pro-duction and distribution of this video. We are also inter-ested in putting forward state legislation to prohibit preda-tory lending and we’re currently working on language to accomplish this.

License 6/9/06 10/6/06 Change

AT 6,668 6,619 -49

AG 3,343 3,314 -29

Total 19,737 20,018 281

AR 4,393 4,511 118

AL 5,333 5,574 241

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Please note that you may at any time view leg-islation at the California Advocates website. Go to: www.caladvocates.com. Choose: Client Only Services, and then select: California State Government Relations Subcommittee of the Appraisal Institute. Our user name is: ai. Our pass-word is: 208. In the last newsletter, we talked about emi-nent domain and what an emotionally charged issue it has been for the past year. A number of bills were intro-duced in the state legislature about eminent domain, and the governor has just signed the following six into law: Senate Bill 1650 (Kehoe): this contains a num-ber of new requirements, including one that requires re-selling to the original owner a property that was acquired by a public entity and not used for 10 years Senate Bill 1210 (Torlakson): allows the property owner to recover litigation expenses if it found that the public entity's offer was unreasonable Senate Bill 1206 (Kehoe): this narrows the definition of 'blight' and in-creases state oversight of redevelopment projects Sen-ate Bill 53 (Kehoe): this bill goes to requirements for de-fining a redevelopment project, limiting plan amendments and time frames Senate Bill 1809 (Machado): this bill contains time limits on recording a redevelopment plan or plan amendments once adopted Finally, we elected our committee officers for 2007: Chair: Carole Laval (NorCal) Vice Chair: Richard Murphy (Sac-Sierra) Secretary: Bruce Willmette (NorCal and Sac-Sierra) Treasurer: Jon Cox (SoCal) If you are interest in legislative matters, we welcome your participation. Please contact me or your chapter representative should you have any questions. Carole Laval,SRA 2006 Chair claval@comcast.net

COMMITTEE REPORT: Continued

David Clark, SRA was the 1991 President of the Los An-geles Chapter and a practicing appraiser for many years in the Torrance area.

The Celebration of Life for David is scheduled for Sunday, November 5th at 12:00pm.

LOCATION:

WindJammers Yacht Club

1389 Mindanao Way

Marina del Rey.

Clark Home: (310) 375-1947

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NOVEMBER 2006 DAYS DATES LOCATION PROGRAM

Region VII Meetings Fri & Sat—Nov 3 & 4 Phoenix, AZ Meetings

Litigation Seminar Thurs—Nov 9 Downtown Los Angeles Education

Residential Market Analysis & Highest & Best Use

Fri & Sat—Nov 10 & 11 Fullerton Education

WBC Breakfast Thurs—Nov 16 Santa Monica Seminar

15 hr USPAP Fri & Sat—Nov 17 & 18 Fullerton Education

December 25 Christmas Day Chapter Office Closed

December 22 Chapter Office Closing at Noon

DECEMBER 2006 DAYS DATES LOCATION PROGRAM

CHAPTER OFFICE CLOSED Wed at Noon Thurs & Fri—Holiday

HAPPY THANKSGIVING

COURSES • 15-Hour National USPAP • 7-Hour National USPAP • Advanced Applications • Advanced Income Capitalization • Advanced Residential Applications & Case Studies / Pt 1 • Advanced Residential Report Writing / Part 2 • Advanced Sales Comparison & Cost Approaches • Basic Appraisal Principles • Basic Appraisal Procedures • Basic Income Capitalization • Business Practices and Ethics • General Applications • Highest & Best Use and Market Analysis • Income Valuation of Small, Mixed-Use Properties • Real Estate Finance Statistics and Valuation Modeling • Report Writing and Valuation Analysis • Residential Market Analysis and Highest & Best Use • Residential Report Writing and Case Studies • Residential Sales Comparison and Income Approaches • Residential Site Valuation and Cost Approach • Sales Comparison Valuation of Small, Mixed-Use Prop-

erties • The Appraiser as an Expert Witness: Preparation & Tes-

timony • General Appraiser Market Analysis & Highest & Best

Use-400-

2007 Education SEMINARS

• Avoiding Liability as a Residential Appraiser

• What Clients Would Like Their Appraisers to Know

• Demo Report Writing

• Evaluating Residential Construction

• Evaluating Commercial Construction

• Uniform Appraisal Standards for Federal Land

• Acquisitions: Practical Applications for Fee Ap-praisers

ALL COURSES AND SEMINARS

WILL BE AVAILABLE FOR

REGISTRATION

ONLINE AT WWW.SCCAI.ORG

STARTING NOVEMBER 2006

REGISTER EARLY:

BEAT THE RUSH

TO UPGRADE YOUR LICENSE

BEFORE 2008 DEADLINE!

ON-LINE REGISTRATION

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OREA License Levels

Basic Education Requirements

College Level Requirements

Experience

Residential (AL) 150 Hours N/A 2,000 Hours

(accumulated over at least a 12 month period)

Certified General (AG) 300 Hours Bachelors Degree** 3,000 Hours that include at least 1500 non-residential hours (accumulated over at least a 30 month period)

Certified Residential (AR)

200 Hours Associate Degree* 2,500 Hours

(accumulated over at least a 24 month period)

Trainee (AT) 150 Hours N/A None

AQB Minimum Real Property Appraiser Qualifying Criteria (Effective January 1, 2008)

The real property appraiser criteria effective January 1, 2008 are summarized in the following table.

Individuals gaining experience at the AT level must be supervised by a certified licensed level appraiser under the new criteria. No supervisor can supervise more than three trainees. In lieu of the Associate Degree, an applicant can com-plete 21 college semester credits in courses covering specific subject matters: English Composition; Principles of Economics (Micro or Macro); Finance, Algebra, Geometry or higher mathe-matics; Statistics, Introduction to Computers; and Business or Real Estate Law. In lieu of the Bachelors Degree, an applicant can complete 30 college semester credits in courses covering spe-cific subject matters: English Composition; Micro Economics; Macro Economics; Finance, Algebra, Geometry or higher mathematics; Statistics, Introduction to Computers; and Busi-ness or Real Estate Law; and two elective courses in account-ing, geography, as-economics, business management, or real estate.

SEND ALL ARTICLES, COMMENTS, PHOTOS

AND MEMBER NEWS TO MEMBERSERVICES@SCCAI.ORG

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2007 promises to be an exciting celebratory year for the Ap-praisal Institute and especially for our chapter. To kick off the year, we have planned a very special destination weekend of events for our members. There will be educational offerings, discount prices for Disneyland Hotel® and parks, behind the scenes tour of the park, the opportunity to meet our 2007 National President Terry Dunkin, MAI , and of course the Dinner/Dance Installation Gala Saturday night. In order to promote our chapter and facilitate lower cost for the Dinner Gala, sponsorships are being sought from vendors and members. If you or your company would like to assist in defraying the cost charged to members, we invite you to consider a sponsor-ship. There are six categories: Platinum, Diamond, Gold, Ruby, Pearl and Silver. For details and how to participate call Carol Chir-pich at 949-458-6579 or send a request for an application to sccai05@gmail.com.

©

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Brokers Cautioned not to pressure apprais-ers; California Real Estate Commissioner Jeff Davi writes that brokers occasionally seek appraisals that will help clients qualify for loans By Jeff Collins -The Orange County Register, Oc-tober 1, 2006 California's real estate commissioner cau-tioned agents recently against trying to influence property appraisals to help clients get loans “Many licensed real estate appraisers are concerned that, on occasion, attempts are made to pressure them into performing appraisals for a mini-mum value specified by a broker in a transaction," state Commissioner Jeff Davi wrote in the fall issue of his department's quarterly Real Estate Bulletin. Brokers may tell appraisers that they need to hit the sales price or a certain value for the client to qualify for a loan, Davi wrote. Without realizing it, those brokers put the appraisers at risk for discipli-nary action since appraisers must certify that their pay isn't contingent on producing appraisals that favor their clients. Appraisers "are performing a balancing act between keeping their license in good standing and keeping their client satisfied," Davi wrote. Anaheim appraiser Karen Davidson, presi-dent of the Southern California chapter of the indus-try trade group, the Appraisal Institute , said that while pressuring appraisers is a longstanding prob-lem, it may be on the increase lately because of declining sales and property values The values that the appraisers are coming up with are lower than they were," Davidson said. "That might kill some deals.

"Inexperience also could be a factor as the number of new appraisers and new real estate licensees increased in recent years. About 150,000 people got California real estate licenses in the past three years, and the number of appraisers increased about 75 percent since 2001, state figures show.“ New appraisers are more susceptible to pressure because they have fewer clients. "They think, 'Oh, I may not get the next job,' and don't think about what it could do to their ca-reer," Davidson said. Local mortgage and real estate industry leaders say experienced brokers know bet-ter. For example, lenders submit an appraiser's work to "review appraisers" who still can throw out an overvalued report, said Mary Harmon, a Brea mortgage broker and board member of the California Association of Mortgage Brokers. The last thing we're going to do is pressure an appraiser when all it's going to do is blow up in our face when we're getting ready to close," Harmon said. Orange County Association of Realtors President Cas Pinkowski doubted that the practice is widespread among experienced agents. "No way, shape or form do we do that," he said. But, he added, "there are a lot of brand new agents in the business, and they may or may not be aware of that situation." Davidson said the Appraisal Institute has been supporting legislation for years that would cre-ate penalties for people who pressure appraisers to overvalue properties. Currently, only the appraiser faces consequences, she said. "We're just reporting what the market says, not trying to hit a market price," Davidson said. "But the appraiser gets all the pressure to hit a certain value."

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The Leadership Development & Advisory Council (LDAC) has served as a source of leadership and as an inspiration for new programming ideas for the Appraisal Institute for over 30 years.

LDAC helps to establish an appraiser presence in Congress and provides a forum where ideas and opinions of targeted topics of concern in the appraisal profession are exchanged.

LDAC has a long history as a “training ground” for future leaders within the Appraisal Institute. LDAC alumni can be found serving throughout the country as Chapter Presidents, Regional Representatives, members of National Committees and even as national officers and members of the Board of Directors.

Potential participants for the annual LDAC conference are nominated through Appraisal Institute Chapter and National leaders. If there is someone who has demonstrated outstanding ability in ap-praising or a related profession, who is a potential leader in your Chapter, and who is articulate and could make a strong contribution to discussion of appraisal topics on a sophisticated level, you are encouraged to recommend that individual for LDAC participation.

Up to 100 individuals will be selected for LDAC participation based on the following criteria:

1. Work experience (minimum of 3 years real estate experience or have taught real estate courses for 3 years)

2. Professional quality of work

3. Personal attributes (to be described I your letter of recom-mendation)

The next Leadership Development & Advisory Council will meet on April 23-25, 2007 at the Hotel Palomar in Washington D.C.

When you have confirmed that your nominee is willing to participated in the LDAC, please mail or fax the following to Megan Neubauer at the Appraisal Institute headquarters:

1. Your letter of recommendation (give a clear picture of your nominee’s abilities and professional activities)

2. Application form (to be completed by the nominee)

3. Resume of nominee’s qualifications

4. $225 registration fee (this fee is refund-able if the nominee is not chosen to at-tend)

In order for each nominee to receive full consideration, the nomination package (your letter of recommendation, application form, re-sume and application fee) must be received at the Appraisal Institute’s headquarters no later than January 15, 2007. We are expecting inten-sive competition for the 100 available slots, so it is encouraged that you submit your nomination(s) right away.

Participants are responsible for their own airfares and hotel rooms. The Hotel Palo-mar is offering LDAC attendees a special nego-tiated rate of $234/night. To reserve a room, contact the hotel directly at 1-800-546-7866 and make certain to identify yourself as an attendee of the Leadership Development & Advisory Council. The deadline for hotel reservations is March 23, 2007.

If you have any questions, please visit the LDAC home page on the Meetings and Events section of the Appraisal Institute’s web s ite: ht tp:/ /www.appraisal inst itute.org/membership/events/LDAC.asp. You may also c o n t a c t M e g a n N e u b a u e r a t mneubauer@appraisalinstitute.org or 312-335-4224.

I appreciate your assistance in making the 2007 LDAC a stimulating and productive event for the

2007 Leadership Development

& Advisory

Council (LDAC)

Hotel Palomar

April 23-25, 2007 Washington, DC