Oct
29
Thu
Desktop Appraisals (Bifurcated, Hybrid) and Evaluations – Virtual
Oct 29 all-day

Registration begins at 8:00am

Class from 8:30am-4:30pm

All participants must have webcam and stay visible for the entire class to receive 100% attendance.

AI Tuition: $165; Non-AI Tuition: $175

Click Here to Register Now

Nov
5
Thu
7-HR USPAP (Virtual offering via ZOOM – all participants are required to have a webcam)
Nov 5 @ 8:00 am – 4:30 pm

Instructor: Stephanie Coleman, MAI, SRA, AI-GRS, AI-RRS

Click to Register Now

AITuition: $155; Non-AI Tuition: $165

Zoom information emailed out the day before

Dec
3
Thu
Business Practices & Ethics – Virtual
Dec 3 all-day

Instructor: Stephanie Coleman, MAI, SRA, AI-GRS, AI-RRS

AI Tuition: $145; Non-AI Tuition: $155

Click Here to Register Now

Link to ZOOM emailed out the day before class begins

 

 

 

 

 

Business Practices and Ethics is an important course that provides information about standards and ethics requirements for valuers in general and, more specifically, for valuers who belong to the Appraisal Institute. Through discussion questions and examples, the class compares behavior and actions that illustrate violations of the Code of Professional Ethics, and participants learn how referrals can be made. Participants are also introduced to the Appraisal Institute Guide Notes to the Standards of Professional Practice and use these Guide Notes to resolve everyday appraisal practice problems. At the end of the course, they learn about common errors in appraisal reports and review reports, and they respond to questions about challenges that arise in appraisal practice such as requests for updates and requests to change or add intended users. These are common business practice issues that appraisers encounter in various assignments, including mortgage lending, litigation, and property tax appeal. Other real-life scenarios in the course illustrate less common business practice issues such as an appraiser’s obligation when illegal or criminal behavior is observed.

 

Dec
8
Tue
Residential Subdivision Land Valuation – The Big Picture (Virtual offering via ZOOM)
Dec 8 @ 10:00 am – 12:00 pm

Residential Subdivision Land Valuation – The Big Picture

Instructor: Jim Glickman, MAI

The objective of this seminar is to provide each student with a basic body of knowledge for the preparation or review of a real property appraisal involving undeveloped residential subdivision land and/or developed lots within a developed residential subdivision.
This is not a “how-to value” seminar, but will include the following takeaways:

  • Understand Important Physical and Legal Characteristics & Restrictions
  • Understand the Basic Methods of Site & Lot Valuation
  • See the “Big Picture” – Understand the Life Cycle of Subdivision Land
  • Recognize an Atypical Land Transaction when encountered

AI Tuition: $35; Non-AI Tuition: $45

*approval being submitted to BREA and AI – registration coming soon*

California Legislation Clarifies Status of Appraisers as Independent Contractors

California Gov. Gavin Newsom on Sept. 4 signed AB 2257, legislation that clarifies how the state’s employment laws apply to services provided by state-licensed and state-certified real estate appraisers, allowing them to work as independent contractors.

Last year, the state enacted AB 5 which codified many of the findings of the California Supreme Court in the Dynamex case, including the “ABC” test.  Pursuant to Dynamex and the provisions of AB 5, the “ABC” test is to be used to determine if workers are employees or independent contractors for purposes of the state’s Labor Code and Unemployment Insurance Code and the wage orders of the Industrial Welfare Commission.  Under the “ABC” test, a person who provides labor or services for remuneration is considered an employee rather than an independent contractor unless the hiring entity demonstrates: (A) the person is free from the control and direction of the hiring entity in connection with the performance of the work; (B) the person performs work that is outside the usual course of the hiring entity’s business; and (C) the person is customarily engaged in an independently established trade, occupation or business.

Prior to the Dynamex decision, the employment relationship between a contracting entity and a service provider was determined using a multifactor test commonly known as the “Borello” test. Many appraiser/client contractual relationships, including some between appraisers, appraisal firms and appraisal management companies, satisfied each prong of the Borello test, and the employment relationship was defined as that of an independent contractor.

However, appraisers in California expressed concern that the “ABC” test, specifically the “B” prong, meant they would be considered employees of some clients, specifically appraisal firms and AMCs. Appraisers, appraisal firms and AMCs were worried that it would be determined that they were in the business of providing appraisal services, to the extent that appraisers would not be performing work “outside the usual course of the hiring entity’s business.” In contrast, Dynamex and AB 5 did not affect the independent contractor nature of the relationships between appraisers and other client groups, such as private businesses and individuals, direct engagement lenders, government agencies and law firms.

The new legislation clarifies that contractual services provided by licensed and certified appraisers are “professional services” for which the Borello test, rather than the ABC test, would apply. It requires six factors to be satisfied before the Borello test can be utilized : 1) the appraiser must maintain a separate business location (a home office is permitted); 2) the appraiser must have all appropriate business licenses and tax registrations; 3) the appraiser must have the ability to set or negotiate their own rates; 4) the appraiser must have the ability to set their own hours; 5) the appraiser must provide services to other entities or hold themselves out as being available to have other customers; and 6) the appraiser must be permitted to exercise discretion and independent judgement in the performance of the services. If all six factors are satisfied, then the Borello test could be used to determine whether the business relationship is that of an independent contractor or employee

The Sacramento Sierra Chapter Welcomes You!

 

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ABOUT THE APPRAISAL INSTITUTE

The Appraisal Institute is a global association of real estate appraisers, with nearly 23,000 valuation professionals in almost 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Appraisal Institute professionals benefit from an array of education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS, and AI-RRS designations.

THE SACRAMENTO SIERRA CHAPTER MISSION

Our mission is: (1) to support and advance our Designated members, Candidates, Practicing Affiliates, and Affiliates as the choice for real estate valuation solutions; (2) to uphold professional credentials, standards of professional practice and ethics for the public good; and (3) to promote an all-chapter focus that rallies support for chapter education, committee participation and chapter meetings.

OUR PROFESSIONALS

The majority of Appraisal Institute professionals are practicing real estate appraisers and property analysts who provide valuation-related services to such clients as mortgage lenders, financial institutions, government agencies, attorneys and financial planners as well as homeowners and other individual consumers. Appraisal Institute designated members have met rigorous requirements relating to education, testing, experience and demonstration of knowledge, understanding and ability.
Those individuals holding the Appraisal Institute’s MAI and SRPA designations are experienced in commercial valuation, including industrial, retail and multifamily properties. Those holding the SRA designation are experienced in residential valuation. All Appraisal Institute professionals adhere to a strictly enforced Code of Professional Ethics and Standards of Professional Appraisal Practice.

THE LEADER IN REAL ESTATE APPRAISAL EDUCATION

The Appraisal Institute is the acknowledged worldwide leader in residential and commercial real estate appraisal education. Its extensive curriculum of courses and specialty seminars provides a well-rounded education in valuation methodology for both the novice and seasoned practitioner.

REAL ESTATE APPRAISAL LITERATURE

As the world’s largest publisher of real estate appraisal literature, the Appraisal Institute offers a wide range of books and other materials on subjects ranging from basic valuation theory and techniques to advanced applications. It also publishes two quarterly periodicals, The Appraisal Journal and Valuation magazine.

AI BENEFITS

Appraisal Institute professionals have access to a variety of benefits, including insurance programs, data resources and tools, and related business materials. The Appraisal Institute also houses the Lum Library, which provides support for the research needs of AI professionals as well as the profession at large.

ADVOCACY

The Appraisal Institute is active in advocacy efforts on behalf of its professionals and the industry at large. Primarily through its office in Washington, D.C., the organization communicates regularly with legislators and regulators to encourage the adoption of appraisal policies that best serve the public interest.

2019 Lake Tahoe Conference Platinum Sponsor

 

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