Welcome to the Southern New Jersey Chapter of the Appraisal Institute
USPAP 7 Hour Update (7 CE hours) -- Friday, November 20
A look back at the January dinner meeting, which included the installation of officers. The next one will be held at the Adelphia this Fall.
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Local Appraiser Elected 2015 Appraisal Institute Chapter President; Others Awarded MAI Designation
Edward T. Molinari, SRA, of Mantua Township, has been installed as the 2015 president of the Southern NJ Chapter of the Appraisal Institute. Serving Burlington, Gloucester, Salem, Cape May, Atlantic, Cumberland, Camden, Monmouth, Mercer and Ocean counties, the chapter encourages local real estate appraisers to earn Appraisal Institute professional membership designations and promotes competent and reliable appraisal services to the property-owning public.
The installation event was held January 15 at Terra Nova in Sewell. The 2015 Appraisal Institute National President, Lance Coyle, MAI, SRA, of Texas was in attendance to preside over the installation.
Molinari is president of Molinari & Associates, P.C. located in Woodbury. He has been an appraiser for 29 years and specializes in the valuation of land, easements, and properties involved in litigation. He is a graduate of Rowan University with a bachelor’s degree in economics. He has testified as an expert witness in the Superior Court of New Jersey, the New Jersey Tax Court, county tax boards and condemnation hearings. He also instructs appraisal courses for the Appraisal Institute. His firm provides professional appraisal and consulting services for all property types in southern New Jersey.
“I am honored to have the opportunity to serve this fine organization during such an important time for our profession,” said Molinari. “With so many issues facing appraisers, I look forward to working with and on behalf of my peers to ensure that the best interests of real estate professionals and the general public are served.”
Mr. Molinari has previously served as president, officer, and director of his chapter as well as a member of various chapter, regional, and national committees of the Appraisal Institute. He is presently serving on the national education committee of the A.I.. He is also a member and past president of the Woodbury Rotary club.
Others installed to chapter offices include: Joshua Garretson, vice president; Michael Sapio, MAI, secretary; and Al Crosby, MAI, treasurer. Board members installed for the year include: Michael Descano; Robert Kirwan, SRA; Samuel Levi, MAI; Jackie Marmur; Tim Sheehan, MAI, SRA; Errett Vielehr; and Jake Ramage, MAI.
Also at the event, President Coyle had the honor to present two members with their designation certificates. Al Crosby and Susan Roettger have 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.
By receiving the MAI designation, Crosby and Roettger have joined an elite group of appraisers who have met rigorous professional requirements relating to education, testing, experience and demonstration of knowledge, understanding and ability.
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.
Crosby 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. He began his appraisal career with J. McHale & Associates under the tutelage of Jerry McHale, 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. He graduated from Elon University with a BS in Accounting.
Roettger has been active as a commercial appraiser in New Jersey for ten years. She has been licensed in New Jersey for seven years. Susan began her appraisal career with Integra in their Toms River office. She worked there for eight years before working with J. McHale & Associates in Lumberton. Susan has a Bachelor of Science in Engineering from University of Pittsburgh.