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Forest Valuation Part II

CALL   Date: February 22, 2019   Location: Millbrook, AL
  Local Area Topics  
Category  Electives [E]  
Attendance Hours  7.0  
Current Price  $ 195.00 AI Price  
$ 215.00 Full Price  
Name  NaturePlex  
Address  3050 Lanark Road  
City  Millbrook  
State  AL  
Zip  36054  
  Sponsor / Contact  
Chapter  Alabama
Contact Name  Pamela Paulk  
Phone  (205) 835-0808  
Cancellation Policy
  • Up To 15 days prior to program start date, refund in full.
  • 7 - 14 days prior to program start date, $50.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
  Transfer Policy
  • Up To 15 days prior to program start date, no transfer fee.
  • 7 - 14 days prior to program start date, $25.00 transfer fee.
  • Less than 7 days prior to program start date, no transfer allowed.
The purpose of the seminar is to help appraisers understand that it is essential to have a fundamental knowledge of the timber market in order to perform competent forestland appraisal assignments (even if working with a consulting forester). It is also aimed at helping Foresters understand appraisal requirements and what goes into a forestland appraisal.

This will be a continuation of the seminar that Morgan taught in 2016. You do not need to have taken the first part to attend this seminar. If you did take the first class, there is much more to learn in this seminar.

Part of this seminar will include a demonstration out doors at the NaturePlex for some hands-on instruction.

Learning Objectives of this Seminar
• To Comply with the COMPETENCY RULE of USPAP
• Recognize the difference between timberland
and “timbered” land
• Converse effectively with foresters and buyers
and sellers of timberland
• Identify the difference between market value of
timber, contributory value of timber, and excess
timber value
•Recognize the importance of forestry in the United
States, especially the Southeast
•Identify common forestry terms relating to timber
and timberland values

Morgan Mellette, MAI ACE
Morgan graduated from Clemson University with a degree in Forest Management. He worked as a procurement forester for Southland Timber Company in Augusta, Georgia, before starting his own forestry consulting business in 1979, in Louisville, Georgia. In 1986, Morgan moved his business and family to Gainesville and became a Registered Land Surveyor in 1987. He began his appraisal career in 1992 as a contract appraiser. He has worked James W. Sewall Company, Old Town Maine, as a forest analyst and appraiser, then Rochester & Associates, as a Senior Surveyor and then formed Mellette Forestry Group, LLC, where he is focusing his efforts exclusively on real estate appraisal. Morgan’s primary interests are in the valuation of timber, timberland, conservation easements, rural properties, and ecologically significant and protected forestland. He is a registered forester and land surveyor in Georgia and South Carolina, and a certified general real estate appraiser in Georgia. He is a member of the Appraisal Institute (MAI), the Society of American Foresters, the Association of Consulting Foresters, and the Surveying and Mapping Society of Georgia.

Schedule: 8:30am-4:30pm
Registration: 8:00am

Registration Includes a BBQ Lunch

Approved for 7 hours CE Credit Alabama Real Estate Appraisers Board
Approved for 6 hours CE Credit Alabama Real Estate Commission
Approved for 7 hours CE Credit Georgia Real Estate Appraisers Board
Approved for 7 hours CE Credit Georgia Real Estate Commission

Approved for Alabama Forestry Education Credit: AL RF-Cat 3 5 hours

Cancellations/Refunds: Requests for cancellations must be received in writing by the chapter. Email: Confirmed students should not assume that cancellation has been granted until a confirmation has been received.

Enrollment is on a first-come, first served basis. If the education program is filled, e-mail to be placed on a waiting list. The Alabama Chapter is not responsible for students' non-refundable airline reservations or other travel expenses. The Alabama Chapter reserves the right to change/cancel any class due to extraneous circumstances. If you have a disability and require special accommodations, notify the Chapter in writing at least two (2) weeks in advance and we will arrange for reasonable accommodation. Without two weeks’ notice, accommodation may not be available.

Program materials will be picked up on site for this seminar.

The Appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies. One hundred percent (100%) attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements. You must not miss any of the course offering and you must give the instructor full attention. No cell phones, text messaging, returning calls, using computers and reading other non-related materials in class. You must be on time at beginning and returning from breaks and lunch.

State Certification: Students should contact their specific state to determine current education approval and requirements.

***This Educational Program (Program) was developed by an outside party and organized by the Appraisal Institute Chapter offering the Program with the intent of addressing topic(s) based on a certain chapter or local need for such topic, solely for educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program.
The content of this Program, including but not limited to any written materials and presenter comments, does not represent the viewpoint of the Appraisal Institute (defined as including but not limited to, the national organization, its Regions, Chapters, members, candidates, affiliates and staff) unless formally adopted by the national Board of Directors. Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program. The content of the Program is subject to court decisions and local, state and federal laws and regulations and any such revisions of such laws and regulations.
This Program is presented with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting or other professional advice or services. Nothing in the Program is to be construed as the offering of such advice or services. If expert advice or services are required, attendees and readers are responsible for obtaining such advice or services from appropriate professionals.

Program materials will be picked up at the site.
  Additional Information  
The NaturePlex is located in MillBrook Alabama just off of I-65. It is part of the Alabama Wildlife Federation Property known as the Lanark Property. Click on the link below for directions.

  Directions to the NaturePlex  

  Sleep Inn Prattville/Millbrook-off I-65  

  Country Inn & Suites Prattville-off I-65  

  Hampton Inn Prattville-off I-65  



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