February 22, 2019 @ 8:30 am – 4:30 pm
3050 Lanark Rd
Millbrook, AL 36054
Pam Paulk

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

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

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