IN JANUARY 2006, APPRAISAL INSTITUTE MEMBER BRADFORD E. CHARNAS, SRA, SCRP, BECAME THE FIRST APPRAISER TO SERVE AS THE PRESIDENT OF WORLDWIDE ERC (EMPLOYEE RELOCATION COUNCIL). DURING THE NEXT YEAR, HE HOPES TO PROMOTE HIS "US-US" PHILOSOPHY OF TEAM BUILDING AND PLACE AN EMPHASIS ON GAINING EFFICIENCY IN THE WORKFORCE MOBILITY INDUSTRY THROUGH EFFECTIVE PARTNERING AND INFORMATION SHARING.
JOSEPH J. VELLA, MAI, CRE, FRICS, HAS BEEN NAMED THE 2006-2007 CHAIR OF THE INTERNATIONAL VALUATION STANDARDS COMMITTEE (IVSC), A NOT-FOR-PROFIT ORGANIZATION THAT REPRESENTS MORE THAN 50 COUNTRIES IN THE CREATION AND PUBLICATION OF GLOBAL STANDARDS AND PROCEDURAL GUIDANCE FOR THE VALUATION OF ASSETS.
Technology and teambuilding
Charnas, President of Charnas Appraisal, in Cleveland, Ohio, has been at the forefront of both technology and creating a team atmosphere through his own company, which he founded in 1976 after veering away from appraisal and into commercial mortgage lending and then back into appraising, mainly to work for his former relocation clients.
As the first appraiser to head up ERC, Charnas recognizes the opportunity to strengthen the ties with the appraisal community, ERC's second-largest constituency. One current ERC initiative that Charnas is hoping to sustain is the Unique Property Database, which he describes as "a proposed compendium of case studies that will provide historical records of how the market reacted to properties with highly unique features." Charnas notes that around 80 percent of the losses in home purchase programs are generated by 20 percent of the properties. The UPD would aid in identifying the factors early enough in the process to correct the situation.
Charnas added that he wants to ensure the continued growth the organization is experiencing in the global arena. "Expanding our global presence is critical in the next few years. The opportunities are numerous and it's important to identify some key partners and projects that help us build for the future," Charnas said. However, he wants to make sure it is not to the exclusion of domestic members who at present have little or no global activity. "Striking that balance between U.S. domestic needs and global needs is a challenge we work with every day."
Worldwide ERC provides leadership, advocacy, education and networking to global workforce mobility professionals and stakeholders through specialized training, credentialing, meeting events and information exchange. As president...