Education / Events

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 topic is Facing Challenges and Finding Work / Life Balance. If you’re feeling overwhelmed, you’re not alone! Never before have we faced so many challenges all at once. Take a break from your day and spend the lunch hour having “Chicken Soup” with your female colleagues.

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
RSVP Required by 8/28:  Only those pre-registered will be sent ZOOM details to connect to the chat.

IRS, Loss, Gift & Estate Valuations:  Changes in the Rules and How They Impact the Appraisal Process

The end of 2020 is seeing an uptick in demand for appraisals for gifting due to probable taxation changes after the November 3 election.  Appraisers want to know how to get some of that business. And…what will the estate planning landscape look like in 2021?

The Rules: The IRS has specific requirements for donation appraisals and a specific definition of market value. And…what is the Treasury Departments requirement for a Qualified Appraisal by a Qualified Appraiser for donations, date of death, and gifting appraisals? How can the appraiser prepare a report to withstand IRS scrutiny?

Disaster Loss: Taxpayers who suffer a substantial economic loss may be able to claim a casualty loss on their income tax return. The same valuation methods may apply to litigation if another party caused the damage.

Fractional Interest Valuation: The principles of valuation for fractional interests will be explored, including discounts for Lack of Marketability and Lack of Control.

Don’t miss this lively and informative 2-hour "virtual" workshop with a top estate attorney and three veteran appraisers, where we will explore the rules and how to “talk the talk” with prospective clients.

• What estates must file a return? What are the exemptions now? 2021?
  
• When are appraisals needed? “Step-up in basis”, 706, 709?
• Who does the hiring of appraisers for IRS matters?
• Client tax-saving opportunities from fractional interest discounts
• What are the consequences of filing an estate return without a “proper” appraisal?
  
• What happens in an audit? Tale of the client whacked with a huge penalty
• Avoiding audit scrutiny
• What are the relevant filing dates?  When is my appraisal needed?
• Specific required wording in reports for the IRS

Panelists include
Charles H. Packer ("Chuck") - Estate and Trust Attorney, Hopkins & Carley
Norman C. Hulberg, MAI - Senior Managing Director, Valbridge Property Advisors - Northern California
Rebecca Frederick - Appraiser, Valbridge Property Advisors - Northern California
Nolan Tong - Sr. Appraiser, Valbridge Property Advisors - Northern California

Moderator
Carole Laval, SRA - Laval and Associates

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 with their state licensing board(s) to confirm that the specific state(s) will accept (1) virtual / online education, (2) from an out-of-state provider and/or (3) offer reciprocal credit with the California BREA.
  
  
• Instruction will be held via Interactive Technology (ZOOM) and is based on the "live" version that falls under the temporary exemption for virtual / online education due to COVID / SIP restrictions.  New to ZOOM?  Take their FREE tutorial on How to Join a Meeting.
  
  
• This program is approved by the California BREA for 2-hours of CEC (#18CP754601345).
  
  
• It is the student's responsibility to have the required equipment - dependable Internet access, computer with webcam, microphone and speakers.
  
  
• ZOOM Link:  The ZOOM link will be sent within 24 hours of the offering only to those pre-registered who have submitted their Photo IDs/DLs to lisa@norcal-ai.org.  Subject line of your email should read "DL [insert your LAST NAME] - IRS Sept 2020.
  
  

This 7-hour offering was such a hit in 2019, we are bringing it back in 2020!  If you missed it last year, here is your second chance.  And not only are we bringing it back - but we are bringing it to you VIRTUALLY! 

This presentation will be split into (2) 1/2-day morning (PDT) segments on consecutive days.

Developer and Instructor: John Urubek, MAI

A review appraiser, employed by a state-regulatory agency, commented in a USPAP class that highest and best use is the most deficient section in many appraisal reports.  Whenever a market value opinion is developed, USPAP S.R. 2-2(a) requires the report to "summarize the support and rationale" for the highest and best use conclusion. 

This seminar is intended to enhance USPAP compliance for both residential and commercial appraisers.   

Learning Objectives

• Reviews many basic concepts of H&B use
• Defines key terms like “support” and “reasonably probable”.
• Clarifies the four test of H&B use.
• Identifies the four components of a proper H&B use conclusion
• Differentiates the four tests from the four conclusions
• Identifies the five (5) most likely buyer types
• Explores and develops supportable conclusions for nine atypical, real-world situations where H&B use was initially uncertain
• Details practical procedures to help appraisers develop a proper H&B use conclusion for both typical and very atypical appraisal problems.

Registrants will receive a well-organized handbook that is a replica of the PowerPoint is provided.  This 80+ page handbook will lessen in-class writing and assist the appraiser back at the office.  

Don't miss this practical seminar.  It will strengthen the logic and support in every-day appraisal reports.

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 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. Please note that not all states have approved Virtual education, therefore, registrants must check their individual states for approval before registering for the program. Before registering for the program, registrants understand and agree that continuing education credit for this program may not be available in their state on the date of the program. The Appraisal Institute is not responsible if credit is not available for the program in individual states. State exceptions for virtual education may expire prior to the offering date.

Instructor and Developer: Gary DeWeese, MAI

"Gary's analysis comes from the real world.  His examples are grounded in reality."                                                                                                                                     - August 2020 Attendee

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. Please note that not all states have approved Virtual education, therefore, registrants must check their individual states for approval before registering for the program. Before registering for the program, registrants understand and agree that continuing education credit for this program may not be available in their state on the date of the program. The Appraisal Institute is not responsible if credit is not available for the program in individual states. State exceptions for virtual education may expire prior to the offering date.

Join us for a brief chapter meeting that may include the virtual presentation of designation certificates to newly designated members, plus receive an update on chapter, regional and national Appraisal Institute issues.   When you can't meet up in person, here is your opporutnity to connect with your friends and peers. 

Time: 5:00pm - until whenever

Advanced registration is required so that the ZOOM link can be forwarded. 

Those registered for the ADU workshop planning to stay fo the Chapter Meeting do not need to register separately for this portion of the program.

Workshop:  Accessory Dwelling Units (ADUs):  Valuation Challenges and the Law

Developer and Instructor:  Denis DeSaix, MAI, SRA

Hot off the Press! ADU regulations continue to evolve in California and throughout the country.  Fannie Mae has just released an update to their ADU lending guidelines that affect all ADU potential ADU assignments targeted to Fannie.  You will not want to miss the discussion.

In 2017, the State of California adopted new development standards which apply to every planning jurisdiction in the state.  These new rules effectively allow property owners to construct new or modify existing portions of their homes to incorporate an accessory dwelling unit in all but a few situations. As more and more property owners and developers take advantage of these new laws, appraisers can expect to see more and more single-family assignments that include the need to evaluate the contributory value of an ADU.  

• Three Approaches to Value
• State Mandated ADU Regulations
• Cost  - Income - Sales
• How Have Things Changed?
• Is there a Difference from Market Value to Sales Price?
• Factors Driving Price and Demand
• Case Studies: When Paired Sales are Scarce

RAPT is the Appraisal Institute's Residential Appraiser Project Team. 

It's goal is to attract residential appraisers, promoting, and retaining SRAs is our goal.  Ideas include

• Creating roundtables that would assist with and serve in an advisory role in re-writing / updating residential forms
• Expanding the presence of residential appraisers in leadership roles

Locally, the Northern California Chapter looks forward to hosting quarterly RAPT conference calls.  We will be discussing topics of importance to residential appraisers and encourage all residential appraisers to participate.

These chats are open to everyone and the format is designed to be casual, inviting and engaging, though registration is required.

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
RSVP by 9/18.  Only those pre-registered will be sent details to connect to the chat.