Richard Borges II: President
Mr. Borges has officially become the President of the Appraisal Institute for 2013 after serving as the organization’s President-Elect in 2012 and Vice President in 2011. He will also serve as Chair of the Institute’s Executive Committee and Board of Directors.
Richard has been a member of the Appraisal Institute since 1978, and has also been a member of the National Association of Realtors, the Indiana Associations of Realtors, and the Jackson County Board of Realtors since 1974. He is an Indiana certified general appraiser, tax representative, real estate broker, Level I and II assessor-appraiser, and an Appraiser Qualifications Board-certified Uniform Standards of Professional Appraisal Practice instructor.
Serving three years as a member of the Appraisal Standards Board of The Appraisal Foundation, Mr. Borges has been a member of the Appraisal Institute faculty since 1989 and is currently an Appraisal Institute-approved instructor for more than 30 education courses and seminars.
Ken Wilson: President-Elect
Mr. Wilson is the 2013 President-Elect of the Appraisal Institute, and was the organization’s Vice President in 2012. He also currently serves on the Institute’s Executive Committee and on its Board of Directors.
Ken has 30 years of experience as a real estate appraisal professional, in-which he worked for 12 years with 2 national appraisal firms before starting his own valuation and consultation firm known as Wilson Realty Advisors. He initially joined a predecessor organization of the Appraisal Institute in the early 1980s, and then began a 3 year term as Chair of the North Texas Chapter’s Education Committee in 1995. He was also elected to the Chapter’s Board of Directors in 1995, and served as a regional representative for several years.
He’s filled multiple Chapter positions, including Treasurer, Finance Chair, Vice President, and President, and has also held national positions that include roles as a member of the Client Services Committee, General Appraiser Council Admissions Committee, and the National Board of Directors. Most recently, Mr. Wilson was the Chair of the Candidate Member Proposal Project Team and a trustee of the Appraisal Institute Education Trust.
Lance Coyle: Vice President
Mr. Coyle is officially the 2013 Vice President of the Appraisal Institute, and will also serve on both the organization’s Executive Committee and Board of Directors.
With more than 25 years of experience as a real estate appraisal professional, Mr. Coyle is currently the Principal of Coyle Realty Advisors, which is a real estate services firm that handles fee-based investment property valuation, analysis, research, expert witness testimony, and counseling. He also teaches Appraisal Institute qualifying and advanced education courses, and is certified by the Appraiser Qualifications Board of The Appraisal Foundation to teach the Uniform Standards of Professional Appraisal Practice.
Previously, Lance served as the President of the North Texas Chapter of the Appraisal Institute and was a member of the Region VIII Committee for several years. He was also a member of the National Board of Directors and served as Chair of Region VIII in 2005. Before being elected to the Vice President position, Mr. Coyle served as Chair for the Institute’s Education Committee and Strategic Planning Committee.
Sara Stephens: Immediate Past President
Ms. Stephens is officially the Appraisal Institute’s Immediate Past President for 2013, and was the organizations President in 2012, President-Elect in 2011, and Vice President in 2010. She will also serve on the organization’s Executive Committee and Board of Directors.
Sara has been an active member of the Appraisal Institute for more than 20 years, filling various positions at the chapter, regional, and national levels. She served 2 terms as President of the Arkansas Chapter, and is currently the Chapter’s Chair for 3 different committees—Membership Admissions, Development, and Retention. She’s also served as the Chair for both the Chapter’s Nominating Committee and Education Committee as well.
Ms. Stephens has also been a member of the Admissions Designation Qualifications Committee, and served as Chair of the 2008 project team that formulated and implemented an alternative demonstration appraisal report format. She began her committee service at the national level as an Associate Member, where she was a representative to the Associate Guidance Committee.
Co-owner and Principal of Richard A. Stephens and Associates in Little Rock, AR, she is still currently a member of the Board of Directors of the Arkansas Chapter of the Appraisal Institute.
Frederick Grubbe: Chief Executive Officer (non-voting)
Mr. Grubbe has served as the Appraisal Institute’s Chief Executive Officer since June of 2007, and will continue his role as CEO for at least another year. He has more than 2 dozen years of experience in nonprofit and government-related organizations.
Previously, Frederick served in President George H.W. Bush’s administration as Deputy Director of both the U.S. Office of Consumer Affairs and the National Highway Traffic Safety Administration, and also served as the Director of Strategic Planning and Special Programs for the Million Dollar Round Table. He then became the CEO of both the THINK FIRST Foundation and then the Education Resource Group—an international management training company that trains agency managers in the life insurance and financial services industries.
Most recently, Mr. Grubbe served as President and CEO of the National Fraternal Congress of America, where he was responsible for overseeing business and membership operations.
About the Appraisal Institute
Based in Chicago, IL, the Appraisal Institute is a global association of real estate appraisers that has amassed nearly 23,000 members in roughly 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide.
Founded in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable state, federal, and local laws. Institute members can benefit from an array of education and advocacy programs. To visit the Appraisal Institute’s website, please click here.