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The Appraisal Institute Names New President

Stephen S. Wagner, MAI, SRA, AI-GRS, of West Lafayette, Indiana, begins his one-year term as president of the Appraisal Institute this month. The Appraisal Institute is a Chicago-based professional association of real estate appraisers with more than 18,000 professionals in nearly 50 countries. 

The Appraisal Institute’s other elected officers for 2019 are president-elect Jefferson L. Sherman, MAI, AI-GRS, of Highland Heights, Ohio; VP Rodman Schley, MAI, SRA, of Arvada, Colorado; and Immediate Past President James L. Murrett, MAI, SRA, of Hamburg, New York.

In the coming year, the Appraisal Institute’s officers and board of directors will focus on helping appraisers expand their business opportunities, seeking to modernize the appraisal regulatory structure, focusing on helping residential appraisers and expanding the organization’s body of knowledge.

“I look forward to helping lead our organization during this critical time in its history,” Wagner said. “Valuation professionals have the potential for a bright future, and the Appraisal Institute welcomes the opportunity to lead the way.”

Wagner has served on the Appraisal Institute Board of Directors and as chair of the Finance Committee and vice chair of the Professional Standards and Guidance Committee. He is a past chair of the Demonstration Report Writing Panel, has served on the Admissions Designations and Qualifications Committee. He has also been involved in the development of the General review courses and two Capstone case studies. He also teaches general qualifying education and advanced-level courses and seminars for the Appraisal Institute. Additionally, Wagner has served in chapter roles, including as president, VP, secretary, and treasurer of the Hoosier State Chapter. Wagner is a senior appraiser in the appraisal firm of Terzo & Bologna, Inc., in Indianapolis.

Sherman has served nationally on the Board of Directors (2000-02), Finance Committee (chair in 2018 and vice chair in 2002), Nominating Committee (2002), Education Committee (2010-13), International Relations Committee (2016) and Strategic Planning Committee (2017). He has served nearly continuously on the Region V committee since 1993, including many years as its parliamentarian. Sherman also has served in chapter roles, including twice as an Appraisal Institute chapter president in Ohio, and has worked on two successful chapter merger teams. Sherman is principal of Sherman-Andrzejczyk Group, Inc., in Willoughby Hills, Ohio.

Schley has served nationally on the Appraisal Institute Board of Directors as Region II vice chair, and as a member of the Strategic Planning Committee and the Governance Structure Project Team. He previously served on the National Nominating Committee. He attended AI’s annual Leadership Development and Advisory Council conference as a participant (2013-15), and was selected as a discussion leader (2016), vice chair (2017) and chair (2018). Schley also has served in chapter roles, including as president of the Colorado Chapter. In 2002, he founded Denver-based Commercial Valuation Consultants, Inc., which was acquired by national appraisal firm BBG in 2016.

Murrett has served on the Appraisal Institute’s national board of directors and strategic planning committee and as chair of the Finance Committee, in addition to chapter roles, including as president of the Upstate New York Chapter. He also has been treasurer and a member of the board of directors of the International Center for Valuation Certification, an affiliate of the Appraisal Institute. Murrett is executive managing director, compliance and quality assurance, at Colliers International Valuation & Advisory Services, based in Hamburg, New York.

About Author: Donna Joseph

Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at donna.joseph@thefivestar.com.
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