Three chapter members have recently earned Appraisal Institute designations. By receiving their designations, they has joined an elite group of appraisers who have met rigorous professional requirements relating to education, testing, experience and demonstration of knowledge, understanding and ability.
Philip Fortuna, Partner, Fortuna& DiFlumeri Realty Appraisal Ltd, has been awarded the Appraisal Institute’s prestigious MAI membership designation, which is held by appraisers who are experienced in the valuation and evaluation of commercial, industrial, residential and other types of properties, and who advise clients on real estate investment decisions. The designation was granted June 12, 2014 and Philip Fortuna was honored during the June meeting of his primary chapter, Philadelphia Metropolitan. As a secondary member of our chapter, we want to extend our congratulations to Philip on this great accomplishment!
Effective August 26, Albert Crosby earned his MAI designation. Albert has been an appraiser in the South Jersey area since 2003 having appraised various property types for various purposes including Right of Way, Land Preservation, Lending, and Litigation.
Albert began his appraisal career with J. McHale and Associates under the tutelage of Jerome McHale, MAI and Bonnie Longo, MAI, as a researcher and analyst. He then joined his sister, Bonnie Longo, MAI at Insight Appraisal Group. This past January, he signed on as Senior Valuation Specialist with Colliers International Valuation and Advisory Services in Philadelphia to assist in developing their new office in the Philadelphia area. He is licensed in New Jersey, Pennsylvania and Delaware
Albert graduated from Elon University with a BS in Accounting and is a State Certified General Appraiser in NJ, PA and DE. He has extensive experience and knowledge of the Tri-State Area including Atlantic, Burlington, Camden, Gloucester, Salem, Cumberland and Cape May Counties as well as Philadelphia and Delaware.
Married to Bonnie Crosby for 9 years with 3 young children, Albert is very involved as a coach for local youth sports teams including baseball and soccer in Washington Township, NJ. He is on the board of a local non-profit, Hometown Opportunities for the Mentally Handicapped (HOMH) serving the needs of special needs individuals and is a member of a local church, St. Johns United Methodist Church. Albert is super excited to now be called a Member of the Appraisal Institute and his family is very proud of his accomplishments as well and happy to have their husband and father back. He hopes to parlay the designation into new opportunities for growth and professionalism in his practice with Colliers International Valuation and Advisory Services.
The MAI designation is received upon the successful completion of a graduate-level curriculum, which includes a comprehensive exam, a written demonstration appraisal report and attaining 4,500 hours of qualifying experience requirements. Also, designees must abide by both the appraisal profession’s Uniform Standards of Professional Appraisal Practice (USPAP) and the Appraisal Institute’s Standards of Professional Practice and Code of Ethics. MAIs are recognized experts in appraising properties of all kinds and form a business network encompassing markets nationwide and around the world. Currently, about 8,000 real estate appraisal professionals hold the MAI designation, with another 3,400 practitioners seeking it.
Earlier this summer, Leonard A. Molinari became an SRA member of the Appraisal Institute. Lenny has been active as an appraiser in various NJ markets since 2005. Lenny began his appraisal career with Advanced Business Approach, Inc. In 2009, he became a certified residential appraiser by the state of New Jersey and opened his own appraisal company, Molinari Appraisal Services, LLC, doing business as NJ Real Value in Freehold, NJ. NJ Real Value’s mission is to provide high quality, professional appraisals with utmost integrity. Lenny’s education includes a B.A. in Economics from Rutgers University, and he holds a NJ Certified Tax Assessor’s license to go along with his appraiser certification. Lenny is proud of his accomplishments in the AI program and hopes to parlay the designation into new opportunities for growth and professionalism in his practice. Congratulations Leonard A. Molinari, SRA!
The Appraisal Institute is a global professional association of professional real estate. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. For more information regarding the Southern New Jersey chapter, visit our Web site at www.ai-snj.org or www.appraisalinstitute.org.