Education / Events

Seminar Developer & Instructor: George Dell, MAI, SRA, ASA, CRE

This hands-on workshop introduces and exploits “big data” tools, computation, and predictive methods for valuation.  It emphasizes applied solution-based learning, using real data, for objective evidence-based results.  Data science results are simpler, more useful, and intuitively sensible.

The intent of this seminar is that students leave with these immediately useful skills:

1. Apply visual methods to structure assignments and define competitive market segments.
2. Classify and technically quantify comparable data selection.
3. Adjust and interpolate, using contrasting and simple regression calculations.
4. Explain practical differences in calculated, estimated, and biased estimators.
5. Hear and learn of the complexities, pitfalls, hype, and flim-flam around multiple regression.
6. See the potential of real data analysis software, such as open-source R and RStudio.

Open-source analytics software is provided, as well as example data sets and templates for use in form and narrative reporting.  The use of these tools is particularly useful for sparse-data appraisal problems through the support of location (spatial), and price indexing (time) adjustments.  Local commercial and/or residential data sets are used in presented examples

This course is prerequisite to intermediate and advanced courses offered by Valuemetrics.info education, leading to auditable valuation practices.

Note: This offering is created and administered by George Dell.  Additional registration information or questions should be directed to valuemetrics.info or 619/297-6816.

This Educational Program (Program) was developed by an outside party. The Appraisal Institute Chapter made arrangements for the Third-Party to offer 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 and does not endorse the Program or its content.

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 Appraisal Institute does not publish examination review materials. 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.

Seminar Developer & Instructor: George Dell, MAI, SRA, ASA, CRE

SGDS² continues of the foundations of SGDS¹.  Building on the SGDS¹ learning in depth, breadth, and detail.  We continue examination of the theory, concepts, and practice of data science as applied to asset analytics.  The learning follows the development sequence of valuation and risk analytics.  Starting from the problem identification (scope of work) in measurable terms, we proceed to:

• Identify the overall project data frame;
• Define the CMS^© (Competitive Market Segment), the ideal data set;
• Resolve the bias-variance tradeoff to optimize accuracy and precision of results;
• Perform necessary data wrangling(analogical to traditional confirmation/verification)
  • Portray data visually
  • Reduce to the CMS^©
  • Detect quantify missing/needed predictor variables
  • Create new calculated fields
  • Transform functional relationships (e.g., linear to logarithmic)
  • Create Transformed data levels
  • Identify and handle outliers
  • Recognize needed predictive confirmation/verification

This class is substantially experienced in R, RStudio, and R packages, including ggplot2 and tidyverse.  A comparison and integration of Excel® is provided for workflow efficiency.  Methods of transition from canned appraisal software and the spreadsheet— to a real analytics package is reviewed.

Specific analytics include non-linear price indexing, seam regression, introduction to GIS in R, Data selection algorithms (particularly hierarchical cluster analysis), sources of help for R.  Also resolution of conflicts in USPAP, AI-SVP, IVS, and EBV^© (Evidence Based Valuation) practice, and reporting in a data-stream delivery through dashboard views.

Note: This offering is created and administered by George Dell.  Additional registration information or questions should be directed to valuemetrics.info or 619/297-6816.

This Educational Program (Program) was developed by an outside party. The Appraisal Institute Chapter made arrangements for the Third-Party to offer 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 and does not endorse the Program or its content.

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 Appraisal Institute does not publish examination review materials. 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.

Our most popular seminar returns in the Fall of 2020!  Only this time - it's VIRTUAL and will be offered as a half-day morning session.  Applications for 3-hours of Appraisal Institute, BREA and SBE CEC will be submitted.

The wine industry is a complex and vast market where global trends affect local vineyard values.  This presentation will provide attendees with the history and evolution of vineyard economics throughout the many wine regions of California.  You will learn what factors have led to changing prices, as well as how prices have responded to changing market conditions over the years.  Presenter Tony Correia is recognized as a leading authority on the valuation of vineyards and wineries, and has been in the real estate appraisal business since 1972.

But wait, there is more!
Find out what is happening to vineyard property values in the western region.  Each of the panelists are experts in their local market area and will provide the valuable firsthand knowledge of what is happening on the front lines.  What properties are selling?  Where is demand coming from?  What property features are desirable, and which are not.  What trends are you noticing? 

• Wine Market Update
• Real Estate Agents: Reporting from the Front Lines
• Hot Topics from the Vineyards:  Trends, Fires & Smoke and The Pandemic

This Educational Program (Program) was developed and organized by the Appraisal Institute Chapter offering the Program with the intent of addressing topic(s) of current local interest 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.

About the Workshop:  California Rent Control - New Changes for Residential Income Analysis

Developer and Instructor: Denis DeSaix, MAI, SRA

In California, rent control has been a local jurisdiction issue, typically approved by a city’s or county’s voters.  Beginning in 2020, there will be a state-wide rent control ordinance that will cover all jurisdctions not currently affected by local rent control and can also impact those jurisdictions with existing rent control ordinances.  This is a significant change that has a direct impact on the evaluation and analysis of residential (one-unit and multi-unit) rental properties.   Denis DeSaix, MAI, SRA, will provide an overview of the new law and the potential impact it will have in appraising residential rental properties.  Points of discussion will include:

• An overview of the new regulations
• What’s exempt and what’s not
• How a market with existing rent control can be affected
• Valuing a rent-controlled property
• Analyzing Physical Characteristics vs. Economic Characteristics
• Understand the relationship between GRMs/Cap Rates and Market or Below Market Rents
• 1-4 unit appraisal impact of rent control- it does matter!

Whether you are a commercial or residential appraiser, the new rent control laws will affect your appraisal analysis if the property is an apartment building, a 2-4 residential income property, and possibly a SFR or Condominium rental property.  Come join us for this informative presentatoin and be prepared as this new law takes effect.