Education / Events

Mandatory Requirement for Initial State Licensing / Certification (QE) and Renewal (CE)
Includes the required open-book exam.

Developer & Instructor(s): Dawn Molitor-Gennrich, SRA, AI-RRS

Appraisers recognize that they have regulatory obligations but understanding which ones apply when doing federally related and real estate related lender work is challenging. A review of sanctions and disciplinary actions taken against appraisers by the Bureau of Real Estate Appraisers makes it clear that many details and nuances of the appraiser laws and regulations are being misunderstood. Common, unintentional errors impact both the reputations of individual appraisers as well as confidence in the competency and ethics of the appraisal profession. This seminar is designed to help you recognize and understand the laws and regulations most important to appraisers practicing in California.

Join us for a 1-hour interactive discussion hosted by the Central California Branch Chapter.

Rent control considerations impact multifamily appraisal throughout California. State and local ordinances can have a significant impact on value.  We will summarize AB 1482 and several local laws and discuss some issues facing appraisers in today’s market.  Engage in a brief summary with examples followed by discussion with Q&A. Participants will receive a handout they can use in their practice.  This will be an information packed 60-minutes that you will not want to miss!

Topics include:

•    State the restrictions: How much can be increased and when.
•    What projects are restricted by each ordinance (property with CA and local rent control)
•    Calculating cap rates with below market rent
•    What are investors anticipating
•    How can projects or individual units come out of rent control?
•    How has the COVID-19 pandemic impacted rent controlled properties
•    What are some related issues being considered

There is no CEC for this informational virtual presentation. 

Time:  11:00am

Tuition:  It's FREE!  Advanced registration required.

Developer and Instructor: Gary DeWeese, MAI

By examining unusual and complex land valuation assignments, this seminar takes concepts covered in the Appraisal Institute curriculum to the next level. In addition to lecture, discussion, and Q&A, sample case studies will demonstrate, primarily in Excel, conceptual and practical applications that participants will be able to incorporate into their day-to-day work. The seminar will suggest strategies for performing these assignments.

• Utilize a land residual technique based on a DCF analysis to value land intended for two alternative competing uses (“for rental” apartments versus “for-sale” condos)
  
  
• Determine the highest and best use of land when the legally permissible, physically possible, and financially feasible use(s) are very uncertain and cannot be determined using traditional methodologies
  
  
• Determine land rent using a non-traditional unit of comparison (in this case land rental value based on average traffic volume)
  
  
• Estimate the value of land subject to a long-term ground lease with multiple forms of financial benefits accruing to the land owner
  
  
• Determine land value when its value is a function of a curvilinear relationship – in this case determining the value of land suitable for apartment development as a function of density (allowable units per acre)

We are pleased to present the debut offering of the revival of this long-standing networking and educational event.

And, no - our limited-time BEST VALUE RATE is not a typo.  Read on to find out why it is really only $19.60.

The Monterey Bay Appraisal Seminar originated in 1960 as a joint offering sponsored by the Society of Real Estate Appraisers, the Appraisal Institute and NAIFA.  After a hiatus of several years, the Northern California Chapter of the Appraisal Institute is proud to revitalize this iconic event.

Our 2021 debut offering will be a 6-hour "virtual" presentation.   But, we are already looking ahead to next year and plan to "go LIVE" and host this soon-to-be annual event in the scenic Monterey Bay area in 2022!

2021 Topics include:

• State of the Profession
• Avoiding Bias -- Building a Bias Defense:  An Examination of the Revised Advisory Opinion 16
  
• When Attorneys are Our Clients:  The Ups and the Downs
  
• All You Need to Know About Assessment Appeals

2021 Presenters include:
Craig Steinley, MAI, SRA, AI-GRS, AI-RRS - 2021 Appraisal Institute National Vice President
Paula K. Konikoff, JD, MAI, AI-GRS - Independent Consultant to the Real Estate Industry
Dawn Molitor-Gennrich, SRA, AI-GRS - Molitor-Gennrich Consulting, Inc.
Francois (Frank) K. Gregoire ASA IFA RAA - Gregoire & Gregoire, Inc., Member of NARs Diversity Committee
Russ Jeffries - Chair, AAB
Wendy Strimling - County Counsel, AAB
Larry Tack - Former Member of AAB, Retired Supervisor, Monterey Co. Assessor's Office
Glen Alder - Vice Chair, Monterey County Assessment Appeals Board
Mike Belote - California Advocates, Inc.
Sandra Adomatis, SRA - Adomatis Appraisal Service

A Special Note About Registering:

• Never attended an Appraisal Institute Offering or not yet updated your password / log-in since October 1, 2019 - follow these simple steps before registering. 
  
  
• Those seeking credit from states outside of California are strongly encouraged to check directly with their state licensing board(s) to confirm that the specific state(s) will (1) accept virtual / online education, (2) accepts education from an out-of-state provider and/or (3) offers reciprocal credit since the offering is approved by the CA BREA.
  
  
• Instruction will be held via Interactive Technology (ZOOM) and is based on the "live" classroom version that falls under the temporary exemption for virtual / online education due to COVID / SIP restrictions. 
  
  
• This virtual program is approved for 30 points (6-hours) of Appraisal Institute CEC; applications for 6-hours of California BREA CEC and California State Board of Equalization (SBE) training credit are being submitted.
  
  
• It is the student's responsibility to have the required equipment - dependable Internet access, computer, webcam and microphone, agrees that attendance will be monitored and to to forward their Photo ID/ Driver's License to the Chapter Office upon completing your online registration.