MEETING SUMMARY
NEW YORK STATE BOARD OF REAL ESTATE APPRAISAL
October 7, 2015
The meeting was held at the Department of State, 99 Washington Avenue, Albany; 123 William Street, NYC; and, 65 Court Street, Buffalo.
I. INTRODUCTIONS, ROLL CALL AND QUORUM ANNOUNCEMENT
C. DiSanto, Vice-Chair, called the meeting to order at 2:35 p.m. She took attendance and declared there was a quorum.
The official attendance was as follows:
BOARD MEMBERS DEPARTMENT STAFF
Carol DiSanto Amy Penzabene
Robert Galliher Dave Mossberg
Anthony Girasole Ernita Gantt
Lillian Levy Ernest Delaney
Eliezer Rodriguez Keith Simon
Excused: Donna Zoller
Stephen Roefaro, Chair Jodi DeLollo
Marc Mastrobuono
VISITORS Carol Fansler
William Smolen, Columbia Soc. of R.E. Appraisers Sharon Charland
Rebecca Jones, Upstate Group
II. APPROVAL OF MEETING SUMMARIES
C. DiSanto asked for a motion to approve the April 8, 2014 and August 7, 2015 meeting summaries.
L. Levy made a motion to approve the summaries of the April 8, 2014 and August 7, 2015 board meetings. The motion was seconded by E. Rodriguez and passed unanimously.
III. ACTION ITEMS
C. DiSanto presented the final draft of the appraisal management company (AMC) legislation, and asked members if they had any questions/comments.
L. Levy made a motion to approve the final draft AMC legislation. The motion was seconded by R. Galliher and passed unanimously.
D. Mossberg asked members for a motion to change current regulations to include the latest edition of USPAP (2016-2017).
R. Galliher made a motion to approve the 2016-2017 edition of USPAP. The motion was seconded by L. Levy and passed unanimously.
D. Mossberg stated that a proposal was drafted to reinstitute a regulation which provides credit for review appraisals, which was inadvertently removed last year. The regulation states that 25% of the actual appraisal credit can be credited for a review appraisal.
L. Levy made a motion to approve the draft regulation which provides 25% of the actual appraisal credit can be credited for a review appraisal. The motion was seconded by R. Galliher and passed unanimously.
IV. PUBLIC COMMENT PERIOD
W. Smolen asked if the public would be allowed to comment on the AMC draft legislation. A. Penzabene said a copy is posted on our web site and comments can be made in writing to the Department.
V. ADJOURNMENT
The meeting was adjourned at 2:45 p.m.