Online registration for this event is now closed. Please contact MEREDA at 874-0801 for more details.
Buffet Breakfast: 7:30 ~ Program: 8:00 - 9:00 AM
Join us on Wednesday, April 7, 2010 from 7:30 - 9:00 AM at the Hilton Garden Inn, Bangor, 250 Haskell Road, Bangor ME as our panelists provide an overview of some of the rules and regulations of appraising commercial real estate in Maine.
The real estate appraisal profession has evolved greatly with changes in regulations, technology, and competition since 1991 – and the pace of change shows no sign of abating. In short, appraisers are now called upon to do more work for regulatory compliance with less time and fee resources to meet the needs of a dynamic and competitive market place (sound familiar?). Current market forces related to credit availability, collateral value, effective demand and supply are exacerbating the process.
This program will provide participants with an overview of some of the most significant and current regulatory driven aspects of providing commercial real estate appraisal services in Maine today. Topics will include: the Uniform Standards of Professional Appraisal Practice (USPAP); the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA); the Maine Board of Real Estate Appraisers (MBREA); current sources of demand, assignment types, and trends from an appraisers’ perspective. Examples of “real world” logistics of how Banks and other Clients interact with an appraiser from the beginning to end of an assignment will be provided to facilitate a better understanding of the process. You may be surprised at what you learn. Participants are encouraged to bring any/all questions and valuation problems for discussion.
Meet the Panelists:
Mark Plourde is the Managing Partner of Maine Valuation Company. He has over 25 years of full time real estate appraisal experience, and earned the MAI designation of the Appraisal Institute in 1994. Mark has been a Maine Certified General Appraiser since 1991, and holds a BS degree in Business Management from the University of Maine. Mark also worked as a Review Appraiser for 3 ˝ years before forming Maine Valuation Company in 1995. He has also served on the Maine State Claims Commission, as Investigator for the Maine Board of Real Estate Appraisers, and also as a Board Member. Mark has performed a wide variety of real estate appraisal and review assignments on commercial real estate throughout Maine for various banking, legal, governmental, corporate and private clients.
Paul Linehan is a Principal Partner of Maine Valuation Company, and has been appraising commercial real estate in Maine since 1990. Paul earned the MAI designation from the Appraisal Institute in 2001. He served as President of the Maine Chapter in 2004 and 2005, and also as a member of the Leadership Development and Advisory Council in 2002. Paul is also a Maine Certified General Appraiser, also holds a BA degree in Economics from the University of Southern Maine with concentrations in Real Estate and Accounting. Paul has performed numerous and complex commercial real estate appraisal assignments throughout Maine and presently operates a satellite office of Maine Valuation Company in the Bangor area.