We are home to Indiana’s premier appraisers. As the local organization of the Appraisal Institute, we host chapter meetings, sponsor educational offerings and publish a quarterly newsletter, The Indiana Appraiser.

Our purpose is to serve our members with its Branch Chapters by recognizing the geographic and professional diversity in providing services which enhance the abilities and opportunities of its members enabling them to achieve their objectives in a professional and ethical manner.

Find stated objectives of the HSC of the Appraisal Institute HERE.

This web page provides information in the Hoosier State Chapter to our members and the public. For more information or if you are interested in joining our organization, visit the national home page of the Appraisal Institute.
Stephen Wagner Jeffrey Vale Wayne Johnson David Cain Shannon L. Madden
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President’s Letter
(photo of R. Wayne Pugh, MAI & Stephen S. Wagner, MAI, SRA)

Thus far, 2008 has been one of notable change for the Hoosier State Chapter. Numerous individuals have put forth tireless effort at making this a successful year. In keeping with that hard work, at this mid year point, it is a good time to update you on Hoosier State Chapter status and ongoing efforts.
  • Education-Through the hard work and efforts of our Education Chairperson, Mark Rattermann, MAI, SRA, and our Executive Director, Shannon Madden, the Hoosier State Chapter has scheduled over 50 CE and QE offerings for 2008. As of June 16th, the Chapter is showing an Education profit for the year. In addition, it is interesting to note that of a total of 448 students, 208 have been members and 240 have been non-members. Therefore, we see our education offerings as a primary opportunity for recruitment.

  • Membership Growth-As of June 2008, the Chapter shows an approximate increase of 10% over 2007 with regard to membership. We have disseminated several mailings addressing membership opportunities to both members and non-members informing them of the currently reduced costs coinciding with multiple benefits. In addition, our Sub-Chapter Chairs are making a concerted effort to hold meetings and are striving to engender enthusiasm for joining the Appraisal Institute (AI). Current membership is 335 as of 6/14/08. At this point in time like no other, we need to grow and strengthen our membership. Our profession is witnessing rapid and profound change. Growing our membership will strengthen our organization and place AI in a position of influence in Washington, DC. Joining the Appraisal institute today is easy and inexpensive. Currently, Associate dues are $295/year and Trainee dues are only $95/year. Both of which, will be prorated for the rest of the year. Just follow this link: http://www.appraisalinstitute.org/membership/

  • Special Events-In April, the Chapter sought to increase our visibility with our own statewide NPR Radio sponsorship. Utilizing grants from AI National and Region V, Janice Evans, SRA our Public Relations Chairperson was able to achieve $3,000 worth of radio spots for approximately $1,500. This project has been submitted to National for a Special Events Award.

  • Special Events-The Indianapolis Sub-Chapter/Hoosier State Chapter Annual Golf Outing will be held on 07/17/2008 at River Glen Country Club in Fishers, IN. Proceeds will be donated to a “Habitat for Humanity Build” scheduled to take place in October, 2008. Will Fowler, the Indianapolis Sub-Chapter Chair is heading up the work to achieve a goal of $10,000 for Habitat. Aside from giving back to the community, we expect additional earned media exposure.

    The Hoosier State Chapter and Indianapolis Sub-Chapter sincerely wish that a great number of members and guests will participate in this year’s golf outing. Not only is it a terrific time, but also a great opportunity for camaraderie and networking.

  • Regional Meeting-Austin, Texas-This year the Spring Super Regional Meetings took place in Austin, Texas on June 19th and 20th. Of particular interest, presentations were made by the AI President Wayne Pugh, MAI, AI CEO Fred Grubbe and Bill Garber of the Washington Office.

    -President Wayne Pugh gave a presentation on the State of the Appraisal Institute.  He reported that we are solid, stable and proactively addressing the dynamic needs of the membership. 

    -Still on everyone’s mind is the OFHEO agreement.  Basically, at this juncture, there are still possibilities for changes to the agreement.  Nevertheless, Mr. Garber stated that as yet, no one knows for sure what will happen.  We need to stay tuned.  In addition, AI is working hard to prevent the bonding of appraisers.  Though essentially a dead issue for 2008, it still remains a possibility that the issue will resurface in 2009.  As such, AI is remaining vigilant in preventing any kind of an appraiser bonding bill becoming a reality.

    -Currently, the Appraisal Institute has 1,748 new members nationally. 

    -The Strategic Plan was addressed and several goals mentioned:

    1.       Direct Outreach to members, former members and former associates.

    2.       Enhance the SRA designation.  Designations are currently being referenced in proposed legislation. 

    3.       Development of several new contemporary courses and seminars:

          • An Introduction to Valuing Green Buildings
          • Appraisal Challenges: Declining Markets and Sales Concessions
          • Appraisal Curriculum Overview (1-day Residential)
          • Appraisal Curriculum Overview (2-day General)
          • Appraisal of Nursing Facilities
          • Appraising Historic Preservation Easements
          • Introduction to FHA Appraising: What Appraisers Need to Know About HUD Policies, Procedures and 2008 Roster Eligibility
          • REO Appraisal-Appraisal of Residential Property for Foreclosure and Preforeclosure
          • Valuation of Conservation Easements

    4.       That the Appraisal Institute be the leading voice of the profession.

    5.       The mission of the national staff is to serve the members.

    6.       Increase demand in the market place for AI member services. 

    -The Alternative Demonstration Appraisal Project Team (ADAPT) gave a presentation on an alternative to the traditional demonstration appraisal report for the general path.  In the future, pending board decision, it is possible that the demonstration report could be conducted in a modular and interactive format.  Again, stay tuned!

My gratitude is extended to all of the membership; and, a special thanks goes out to those who continue to work hard for the Chapter. In particular, I want to thank our Executive Committee, Committee Chairs, Board of Directors and our Executive Director, Shannon Madden.

Respectfully submitted,

Stephen S. Wagner, MAI, SRA
President
Hoosier State Chapter of the
Appraisal Institute

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