Education / Events

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 Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program.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.

The General Demonstration Report—Capstone Program is an option Candidates for Designation may choose to complete their demonstration of knowledge requirement for their MAI designation. Like the traditional requirement, the program calls for the skills and knowledge base necessary to produce a complete demonstration appraisal report. However, this program offers an option that accelerates the completion of the report. Instead of selecting and compiling data on a property, participants are provided with a subject property and data to analyze and then write the report in a limited time span of approximately 2 months. Participants must attend two webinars and a 6.5-day classroom session where facilitators will be on hand to answer questions and offer guidance. The full report must be submitted for grading no later than noon on the seventh day.

The program is designed to be completed in approximately 2 months; therefore, participants must realize they will need to commit a considerable amount of that time to analysis and writing tasks PRIOR to the classroom setting. One pre-class writing assignment (fundamental market analysis) is required before the second webinar. Participants will need to spend a minimum of 200–250 hours to complete this program successfully. And during the classroom session, participants should expect to work on their reports after the 7-hour days spent in the classroom—10 to 12 hours a day that week will not be unusual. 

Don't Delay - Register Today!  This offering will sell-out.

This offering is sponsored by the Appraisal Institute National headquarters.  For questions or more information contact education@appraisalinstitute.org or 312/335-4207.

Developer and Instructor: Gary DeWeese, MAI

If you’re involved in the valuation of commercial real estate, it’s crucial to know how the terms of a lease affect value. This seminar goes beyond methodology to explore how to measure a property rights adjustment, the theory underlying the use of a leasehold yield rate (Y_LH) to value the leasehold, as well as the application of a property rights adjustment in all three approaches to value.

• Recognize how the terms of a tenant’s lease impact value—either positively or negatively.
• Identify situations that require a valuation of a leasehold.
• Identify methodologies in valuing a leasehold, including examples and exercises.
• Recognize the impact of a leasehold in the valuation of property using all applicable approaches.
• Identify challenges facing appraisers performing leasehold valuation assignments.

WIC was launched during the Appraisal Institute's National Convention in Denver in July 2019.  The committee aims to support female appraisers through professional development training, networking opportunities, mentorships, career outreach and other professional growth opportunities. 

Locally, the Northern California Chapter looks forward to hosting quarterly WIC conference calls.  The format is designed to be casual, inviting and engaging.

Our December topic is to be TBD.  In September we addressed Facing Challenges and Finding Work / Life Balance.  If you have a suggestion, please contact Nancy Phillips, SRA.

Location: Wherever it is convenient for you!

Time:  12:00 - 1:00pm

Details:  Participation is complimentary.  CEC is not availble. 

RSVP or Questions? Contact Nancy Phillips, SRA

ZOOM Link:  Click this link just prior to the scheduled start time.  Kindly RSVP before actively joining this chat.

This annual event is being retooled into a 3-hour (12pm - 3pm) virtual classroom presentation for 2020.

Just what are unique and special purpose properties?

Special Purpose Property: A property with a unique physical design, special construction materials, or a layout that particularly adapts its utility to the use for which it was built.
 - The Dictionary of Real Estate Appraisal

Topics include

• Data Centers
• Gas Stations: Performance, Price Volatility, Resale Volume and Values
  
• Current Thoughts on the Hotel Market:  Checking in or Checking out?
• The NEW Environmental Building & Social Changes Post COVID

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.