Annual Business Meeting
Boerne, Texas
July 30, 1999
Approximately fifty members, seven students, and one incoming student were present.
The meeting was called to order by President Victor Grant. The minutes from the 1998 Annual Business Meeting were read
by Terri Callery and approved as read.
The treasurer's report was submitted by Kirk King and read by Carrie Caesar. The balance as of May 31, 1999, is
$26,821.84.
Dr. Malcolm Richards stated the Real Estate Center is producing studies of MSA's of various locations in the state. These
reports will be available on the Internet in the future for a fee. The Real Estate Consumer Confidence Index is a quarterly
survey being done by the Center to gauge how business is today as compared to one month prior, one year prior, and
anticipating future business. Information is gathered from residential and commercial real estate and mortgage bankers.
Dr. Mark Dotzour is increasing the Center's presence in the commercial real estate area while also maintaining our presence
in the residential area. In conjunction with The South Texas College of Law, the Center is offering an annual commercial
MCE course. The first was held in October '98 and was very successful. Dr. Chuck Gilliland started videotaping MCE
courses that originate from the Wehner Building and go to the smaller Texas towns so those people can earn their MCE's.
The Center is producing videos with its most recent being on agency. Tierra Grande is planning to recognize the
outstanding contributions to real estate in its January 2000 issue. Nominations are being accepted now. This is a pre-cursor
to establishing a Texas Real Estate Hall of Fame.
Dr. Etter thanked STAMREP for its support in mentoring and assisting with the Houston field in February. He stated there will be 8-10 new students this fall and 15 returning students, 13 of whom are on internships. Ten students will graduate in December. Fifty percent of the students come from the business college with the remainder coming from other areas of study. Dr. Etter stated the College of Business, the Department of Finance, and the Real Estate Center are all supportive of the LERE program. A recruiting brochure is being prepared for distribution to undergraduate classes in the college.
Dr. Etter reported that the Appraisal Institute awarded ten of its sixteen scholarships this past year to LERE students. Mr.
Fred Caldwell provided a $2000 scholarship to be awarded this fall to a LERE student and hopes to endow a scholarship
in the future. The Counselors of Real Estate is working to align the LERE program with its Houston chapter.
An Advisory Council is being established with a balance of former LERE students and non-LERE graduates, from various
industries, and CRE's and MAI's, and will begin meeting this year.
Dr. Etter stated Terri Callery was recognized in 1998 with an Outstanding Staff Award from the College of Business.
Finally, Dr. Etter asked all current and incoming students to stand and be recognized.
Mr. Furr announced the election results:
Vice President - John Schmedemann
Secretary - Dr. Wayne Etter / Terri Callery
Treasurer - Kirk King
Region 1 Director - Kelly Cofer
Region 3 Director - Roscoe VanZandt
Region 6 Director - Bryan Leonard
Carla Brooks stated she has not established the site or date for the 2000 business meeting.
Mr. Grant announced the following new business:
Dr. Schmedemann is recommending a family membership fee where spouses could join for $45 instead of each paying
$35. Steve Loomis proposed STAMREP have a family membership fee of $45 while retaining the $35 single member
fee. Seconded by Richard Furr. Passed unanimously. In looking at the current membership, it has been determined
some former members may not realize dues were to be paid. A committee will contact former LERE students to provide
reminders.
Mr. Singleton thanked the corporate donors for their contributions. In addition he thanked the following for their help in
preparing the Annual Business Meeting: Terri Callery, Carrie Caesar, Craig Estlinbaum, John Schmedemann, Paige
Schmedemann, Carla Brooks, Jim Foster, and Victor Grant.
Mr. Singleton presented outgoing president Victor Grant with a plaque expressing STAMREP's appreciation for his years
of service to the organization.
The meeting was adjourned at 4:45 p.m.
Respectfully submitted,
Terri Callery
Secretary