Event Information
CHECK IN AT 8:00 AM
CLASS STARTS AT 8:30 AM
NO BREAKFAST OR REFRESHMENTS WILL BE SERVED.
LUNCH: ON YOUR OWN
PARKING: FREE
TEMPERATURES IN CLASS ROOMS VARY. PLEASE DRESS ACCORDINGLY.
COMPLEX VALUATION COURSE OVERVIEW:
Complex Valuation is a new course developed to give appraisers the skills to value both detrimental and beneficial conditions. The field of “complex valuation” involves the real estate characteristics that are “atypical.” (Federal Regulations Part 34.42.).
Many, if not most, valuation assignments involve a straightforward application of the cost, income and sales comparison approaches to value. However, frequently complex issues arise that involve either beneficial or detrimental conditions that can influence the value of real estate. For example, beneficial conditions might result in an increase in value, such as discovering minerals or oil on grazing land. Detrimental conditions could result in a diminution in value, such as natural disasters or environmental contamination.
As real estate appraisers, understanding these complexities helps in developing a credible opinion of value in these types of assignments. Although many complex issues are addressed throughout appraisal literature and coursework, they are not presented as a single framework. The purpose of the Complex Valuation course is to provide real estate appraisers with a comprehensive understanding of the topic and focus on these various property conditions and the valuation methodologies to address them. Instructors present with a comprehensive PowerPoint presentation.
Instructors: Randall Bell, PhD, MAI or Michael Tachovsky, PhD
Duration: 7-hours
Combining the analytical processes of market analysis, highest and best use, and income valuation, this course is intended for those who have taken and passed the General Appraiser Market Analysis and Highest & Best Use course and have a thorough understanding of the mathematical and financial principles necessary to perform appraisals of income-producing properties. Building on the Level B marketability analyses that were applied in General Appraiser Market Analysis and Highest & Best Use, you will perform Level C marketability analysis using fundamental analysis and study several real estate markets in a fictional city. You’ll explore the economic base of the fictional city, which serves as the subject and example of both physical and economic forces that affect all communities and consequently all real estate. You’ll also work through four case studies (apartment and condominium conversion, retail, industrial, and land with potential for mixed-use development) that demonstrate both the power of fundamental market analysis and its application to highest and best use decisions.
|
|
|
|
|
Course Description
8:00 am – Welcome & Introductions
SCCAI General Membership Mtg. & Election
Ernesto Lopez, MAI, AI-GRS – 2025 SCCAI President
William E. Jones, MAI, AI-GRS – IEMTS Chair
Economic Update
Christine Cooper, Ph.D. – Costar Group
Retail Market Overview
CLICK HERE TO JOIN ZOOM MEETING
Additional Information
This is a social event; NO CE for this event.
Program Description:
The SCCAI WIN Committee is glad to bring a lunchtime presentation called “meet the reviewers”. In this meeting we will feature three prominent local reviewers (Gazelle Wincher, Nicole Gilbert, Marian Lamb) to hear about their time as review appraisers for financial institutions. This meeting will be an opportunity to hear about best practices, gain takeaways on building professionally, and the near-term outlook for the bank reviewer role. This program is open to all, and you are warmly invited to join us.
Date: June 6, 2025
Time: 12 noon
Venue/Location: Zoom Meeting
Join Zoom Meeting
WIN Committee:
Ariana Arredondo ([email protected]),
Jennifer Hsu ([email protected])
Linda Whittlesey ([email protected])
Title of Presentation
What’s So Special About Special-Use Properties?
Insight on CA Evidence Code Section 824
Description of Presentation
The evidence an appraiser can rely on for litigation matters can be complex, particularly when the property being appraised involves a special use. In this presentation, Andrew and Eric will discuss Evidence Code 824, its background, the criteria involving what constitutes a special use property, and a case study involving the condemnation of a cross in the Bay area.
Course Description
Over the last 40 years the way we work has changed enormously, but the next 40 years promise even greater change as we live through the AI (Artificial Intelligence) Revolution. Instead of gathering data and manually analyzing it new technologies have the ability to do some of the analysis for us, quickly and routinely doing the calculations that we have done manually for many years. AI will enable appraisers to do thing faster and with greater precision than we ever thought possible. Of course, with the potential comes the peril – dangers lurking in the shadows we must carefully consider in this time of rapid growth and change. Two appraisers with a deep knowledge of AI – and experience in using it – will help us better understand the potential of AI for use in the world of appraisal. Justin Gohn, MAI, SRA is an independent appraiser in Philadelphia who is certified in Pennsylvania, Delaware, and New Jersey. He owns his own appraisal firm, Gohn & Co., and is President of the Philadelphia Metro Chapter of the Appraisal Institute. Chandra Mast is a Pennsylvania State Certified General Appraiser and a Candidate for Designation in the AI. She owns her own appraisal company and has also taught classes in residential valuation to realtors. Both appraisers make extensive use of AI in their respective practices.
Course Overview:
1. Intro to AI – what is it? How does it differ from ways we have used technology in the past?
2. Ways AI can streamline the appraisal process – from synthesizing facts to analyzing data quickly and accurately.
3. AI suitability for residential and commercial appraisals.
4. Other applications – identifying potential clients
5. Dangers of AI – pitfalls and perils
6. Coming Soon – what new technologies are under development?
7. Time for discussion/questions
Course Description
Speaker: Brad L Bassi, SRA will be giving a guided bus tour of the Temecula Wine Country and discussing the history of the valley along with development trends.
Cost – $150:
CE credit will be provided.
Certified residential appraiser, Designated Member Appraisal Institute, SRA., Member National Association of Appraisers 30+ years’ experience. Appraised or consulted on over 6,500 properties including approximately 1,500 Wildfire Litigation Appraisals, 800 complex custom homes, 35 horse ranches, 600 residential land/Ag appraisals, 150 manufactured homes on acreage, and 3,400 tract homes and condos. Completed over 300 Estate Tax, 120 Family Law- Divorce assignments and 15 Bankruptcy cases. Experience as an expert witness at both deposition & trial.
As to the Program Summary:
Review of historical information about the Temecula Valley and the impact that it has had on residential tract homes, horse ranches, residential subdivision, groves, wineries and the current and near-term issues that the Valley faces with the Wildfire remapping, drought and water conditions and how this could impact the future of the Valley from an economic standpoint.
Discussions will center around changes the Kaiser Aetna purchase of the 80,000-acre Vail ranch.
The changes in infrastructure with the completion of the I-15 freeway, subdivision land and its pricing, Avocado Groves, Vineyards and their impact on the Valley,
development of the Wineries
Formation of the Temecula Growers Associations
development of horse ranches in the area,
formation of the Wine Country Community Plan to allow more structured development of Wineries.
Multi Species Habitat Conservation Plan and its impact on the development of the Valley.
Will present summary historical data on residential housing prices,
Residential land prices,
Subdivision land pricing,
Horse ranch pricing,
Avocado Pricing and Production data,
Vineyard Pricing and Production data
Event Information
Speaker: Brad L Bassi, SRA will be giving a guided bus tour of the Temecula Wine Country and discussing the history of the valley along with development trends.
Cost – $150:
PENIDING APPROVAL – 3 HOURS OF BREA CE
Certified residential appraiser, Designated Member Appraisal Institute, SRA., Member National Association of Appraisers 30+ years’ experience. Appraised or consulted on over 6,500 properties including approximately 1,500 Wildfire Litigation Appraisals, 800 complex custom homes, 35 horse ranches, 600 residential land/Ag appraisals, 150 manufactured homes on acreage, and 3,400 tract homes and condos. Completed over 300 Estate Tax, 120 Family Law- Divorce assignments and 15 Bankruptcy cases. Experience as an expert witness at both deposition & trial.
As to the Program Summary:
Review of historical information about the Temecula Valley and the impact that it has had on residential tract homes, horse ranches, residential subdivision, groves, wineries and the current and near-term issues that the Valley faces with the Wildfire remapping, drought and water conditions and how this could impact the future of the Valley from an economic standpoint.
Discussions will center around changes the Kaiser Aetna purchase of the 80,000-acre Vail ranch.
The changes in infrastructure with the completion of the I-15 freeway, subdivision land and its pricing, Avocado Groves, Vineyards and their impact on the Valley,
development of the Wineries
Formation of the Temecula Growers Associations
development of horse ranches in the area,
formation of the Wine Country Community Plan to allow more structured development of Wineries.
Multi Species Habitat Conservation Plan and its impact on the development of the Valley.
Will present summary historical data on residential housing prices,
Residential land prices,
Subdivision land pricing,
Horse ranch pricing,
Avocado Pricing and Production data,
Vineyard Pricing and Production data,
This fundamental review course that all reviewers of assignments involving income-producing and other nonresidential properties should have in their educational background. It is a required course for individuals pursuing the Appraisal Institute General Review Designation (AI-GRS, Appraisal Institute General Review Specialist). At the core of this course is the review process. Participants explore the seven steps outlined in this process as they apply to nonresidential properties. To be a reviewer, an appraiser must learn how to develop opinions of completeness, accuracy, adequacy, relevance, and reasonableness relative to the work under review. These opinions must be refined through tests of reasonableness to develop reconciled opinions of appropriateness and credibility. The material provides a refresher on key valuation skills often required of reviewers, such as measuring financial feasibility in highest and best use analysis and various applications of the income capitalization approach. In addition, the course covers reporting reviews for income-producing property and the use of commercial review report forms, narrative reports, and oral review reports. Participants will gain practice in writing a scope of work statement for three types of assignments. They will also develop a template for a narrative review report on a property type of their choice (office, retail, apartment, etc.). By taking this course, participants will gain invaluable confidence in the fundamentals of review through the review process, which is the core of this course. To be a reviewer, an appraiser must learn how to develop opinions of completeness, accuracy, adequacy, relevance, and reasonableness relative to the work under review. These opinions must be refined through tests of reasonableness in order to develop opinions of appropriateness and credibility. By taking this course, participants may gain invaluable confidence on the fundamentals of review.