Event Information
ENROLLMENT
Enrollment is on a first-come, first served basis. If the event is filled, a waiting list will be retained. The Southern California Chapter reserves the rights to cancel, limit, or reschedule this event if the minimum enrollment level is not reached, and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations. There are NO transfers; you must cancel out of the offering.
ATTENDANCE
The Appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies. The Appraisal Institute issues certificates for state certification/licensing or state continuing education credit that verify successful completion and attendance of 100%, with your grade notification letter for courses, or at the conclusion of seminars. One hundred percent (100%) attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements.
ATTENDANCE CERTIFICATE:
With the recent transition to the Appraisal Institute’s NetForum registration system, attendance certificates will be available for download directly through the AI’s national website. The procedure to obtain your certificate is:
Go to www.appraisalinstitute.org
Log into Your AI Account
Select Education/Events on the right sidebar
See List of All Offerings
Scroll to the specific offering which shows Registered and click
At the very bottom of the screen, click Retrieve Certificate
NOTE: Allow a minimum of ten business days for certificates to be available. The Chapter office cannot view, nor can we retrieve copies of your attendance certificate. Anyone having difficulty accessing their certificate should contact the Education Delivery Services Dept. directly at [email protected].
Program materials can be downloaded by the student.
Mandatory Requirement for Initial State Licensing / Certification (QE) and Renewal (CE)
Includes the required open-book exam
Instructor: Jacinto A. Munoz, MAI, SRA, AI-GRS, 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.
– Learn about the revised & reduced AQB RP Appraiser Qualification Criteria effective May 2018
– Understand the context of and recent amendments to the California “Laws” & “Regs”
– Find out about your new “mini-resume” on the BREA website
– Understand BREA’s new & revised definitions that affect your daily appraisal practice
– Become familiar with the new Federal & California Appraisal Management Company (AMC) Laws & Regs
– Look out for these BREA laws that result in immediate license suspension
Mandatory Requirement for Initial State Licensing / Certification (QE) and Renewal (CE)
Includes the required open-book exam
Instructor: Jacinto A. Munoz, MAI, SRA, AI-GRS, 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.
– Learn about the revised & reduced AQB RP Appraiser Qualification Criteria effective May 2018
– Understand the context of and recent amendments to the California “Laws” & “Regs”
– Find out about your new “mini-resume” on the BREA website
– Understand BREA’s new & revised definitions that affect your daily appraisal practice
– Become familiar with the new Federal & California Appraisal Management Company (AMC) Laws & Regs
– Look out for these BREA laws that result in immediate license suspension
ENROLLMENT
Enrollment is on a first-come, first served basis. If the event is filled, a waiting list will be retained. The Southern California Chapter reserves the rights to cancel, limit, or reschedule this event if the minimum enrollment level is not reached, and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations. There are NO transfers; you must cancel out of the offering.
ATTENDANCE
The Appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies. The Appraisal Institute issues certificates for state certification/licensing or state continuing education credit that verify successful completion and attendance of 100%, with your grade notification letter for courses, or at the conclusion of seminars. One hundred percent (100%) attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements.
ATTENDANCE CERTIFICATE:
With the recent transition to the Appraisal Institute’s NetForum registration system, attendance certificates will be available for download directly through the AI’s national website. The procedure to obtain your certificate is:
Go to www.appraisalinstitute.org
Log into Your AI Account
Select Education/Events on the right sidebar
See List of All Offerings
Scroll to the specific offering which shows Registered and click
At the very bottom of the screen, click Retrieve Certificate
NOTE: Allow a minimum of ten business days for certificates to be available. The Chapter office cannot view, nor can we retrieve copies of your attendance certificate. Anyone having difficulty accessing their certificate should contact the Education Delivery Services Dept. directly at [email protected].
Program materials can be downloaded by the student.
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Course Description
TOPIC: Pasadena Architectural Home Tour – Timeless Classics
Charles Baker, SRA, AI-RRS will present an architectural home tour in the San Gabriel Valley, including the areas of Pasadena, South Pasadena and San Marino. Riding aboard a first-class tour bus, we will visit 25-30 architecturally significant and historic residences. The tour will include architectural bios and interesting facts on the original owners. Mr. Baker will touch on architectural terminology, design elements, valuation issues, historic preservation and current trends. The bus will also drive by the historic Huntington Hotel and the Vista del Arroyo Hotel; as well as the house portrayed in the “Father of the Bride” movies and Dynasty television series. A list of architects includes Marston & Van Pelt, Wallace Neff, Greene & Greene, Frank Lloyd Wright, Elmer Grey, Myron Hunt, Gregory Ain and others. Mr. Baker appraised most properties on the tour.
SPEAKER:
Charles Baker, SRA, AI-RRS is a residential appraiser based in Pasadena, CA, and the owner of AppraisalPros.com, Inc. He began his career in 1988 and has developed a specialty in high-end and historical residences in Southern California. He is Past-President of the Southern California Chapter of the Appraisal Institute, past LDAC attendee and DL, current Chair of the California Government Relations Subcommittee, and seminar developer and instructor. As an investor he has also bought, rehabbed, managed, and sold residential real estate and vacant land in three states.
Event Information
Pick Up Location:
Rose Bowl Aquatic Center parking lot;
360 N Arroyo Blvd, Pasadena, CA 91103-3201
Check In: 12:30 PM
Tour: 1:00 PM -4:00 PM
TOPIC: Pasadena Architectural Home Tour – Timeless Classics
Charles Baker, SRA, AI-RRS will present an architectural home tour in the San Gabriel Valley, including the areas of Pasadena, South Pasadena and San Marino. Riding aboard a first-class tour bus, we will visit 25-30 architecturally significant and historic residences. The tour will include architectural bios and interesting facts on the original owners. Mr. Baker will touch on architectural terminology, design elements, valuation issues, historic preservation and current trends. The bus will also drive by the historic Huntington Hotel and the Vista del Arroyo Hotel; as well as the house portrayed in the “Father of the Bride” movies and Dynasty television series. A list of architects includes Marston & Van Pelt, Wallace Neff, Greene & Greene, Frank Lloyd Wright, Elmer Grey, Myron Hunt, Gregory Ain and others. Mr. Baker appraised most properties on the tour.
SPEAKER:
Charles Baker, SRA, AI-RRS is a residential appraiser based in Pasadena, CA, and the owner of AppraisalPros.com, Inc. He began his career in 1988 and has developed a specialty in high-end and historical residences in Southern California. He is Past-President of the Southern California Chapter of the Appraisal Institute, past LDAC attendee and DL, current Chair of the California Government Relations Subcommittee, and seminar developer and instructor. As an investor he has also bought, rehabbed, managed, and sold residential real estate and vacant land in three states.
8:00 am – Welcome & Introductions
William E. Jones, MAI, AI-GRS – IEMTS Chair
SCCAI General Membership Mtg. & Election
Adam Bogorad, MAI – 2024 SCCAI President
Economic Update
Christine Cooper, Ph.D. – Costar Group
Retail Market Overview
Brad Umansky – Progressive REP
Break
New Home Sales Trends
Evan Forrest – Zonda Home
Apartment Market Overview
Eric Chen – CBRE
Industrial Market Overview
Justin Smith – Lee & Associates
12:20 PM – Lunch
Southern California Real Estate Market Update
Charles Baker, SRA, AI-RRS – AppraisalPros
Office Market Overview
David Mudge – Lee & Assoc
Break
Hotel/Motel Market Overview
Justin Myers – Atlas Hospitality
Break
Desert & Temecula Valley Roundtable
Susan Harvey – Desert Pacific Properties
Michael Strode- Lee & Associates
5:00 PM – Roundup & Conclusion & Adjourn
Alex Liu – IEMTS Chair
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Event Information
7-Hours of BREA CE Pending Approval
7-Hours of AI CE
35 AI Points
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.
Course Description
TITLE: Navigating the Shift: Investor Strategies Amid Long Beach’s Multifamily Sales Decline**
In this speech, we will explore the dynamics of Long Beach’s multifamily real estate market, focusing on the diverging trends between the 4-unit market and the 5+ unit market. We will delve into the rising multifamily inventory and examine the impact of increasing interest rates on market conditions. Key topics will include the decline in sales, stringent loan requirements, and substantial down payment needs to meet Debt Coverage Ratios (DCR). Additionally, we will address the implications of maturing loans, the rise in cap rates, and the consequent decrease in real estate values. A thorough analysis of rent projections and the influence of rent control policies in Long Beach will be provided. Furthermore, we will discuss the growing popularity of Accessory Dwelling Units (ADUs) and other significant trends shaping the market. This speech aims to equip investors with strategic insights to navigate the current challenges and opportunities in Long Beach’s multifamily sector.
SPEAKER: Juan Huizar
From the rugged terrain of La Victorina in Zacatecas, Mexico, to the thriving business landscape of Long Beach, California, Juan Huizar’s journey epitomizes the resilience and determination that define the American Dream. Raised amidst the challenges of a remote village without modern amenities, Juan’s family embarked on a courageous quest for better opportunities in the United States. Enduring the perils of desert crossings, they settled in the fertile Central Valley, where all 10 members toiled in the fields, picking garlic to make ends meet. Today, Juan Huizar, a Certified Commercial Investment Member (CCIM), stands as a testament to the power of ambition and hard work. With an ingenious video strategy, Juan has elevated himself from relative obscurity to a nationally recognized figure in the real estate industry. His YouTube channel serves as a beacon of knowledge, attracting a remarkable 48% of his leads and drawing attention from esteemed platforms such as CNN, JP Morgan, and Western Real Estate. The CCIM designation underscores Juan’s mastery in financial analysis, market insights, negotiation tactics, and investment strategies. As the founder and principal of Sage Real Estate, a premier commercial brokerage headquartered in Long Beach, Juan Huizar is at the forefront of innovation and excellence. His firm boasts the highest ratings in the city and ranks among the top 1.5% of boutique brokerages nationwide. Over the past eight years, Juan has personally brokered transactions totaling over $300 million, a testament to his unwavering commitment to client success and satisfaction.
TITLE: State of the Industrial Market “Not What You Think”
Join us while we learn from a skilled industrial broker. During this presentation, Gary will share his “boots-on-the-ground” experiences and provide his insight on the industrial real estate market, which includes sentiment, opportunities, and challenges coming ahead. The presentation will conclude with strategic recommendations for investors, developers, and appraisers.
SPEAKER: Gary Martinez
Gary is a hardworking commercial real estate broker with 23 years of experience. He has successfully completed over 2,500 transactions, and has represented various investors from Fortune 100 companies to family owned operations. Gary is proficient at providing investment analyses, maximizing cash flow, maximizing commercial property values, and finding the right property at the right time. Majority of his business is in Southern California, and he has completed numerous transactions throughout the country.
Gary holds two of the most prestigious designations in the commercial real estate industry, CCIM and SIOR.
Gary is very active in our commercial real estate community: he is an CCIM CI102 Instructor, past President of SoCal CCIM, and income 2024 – 2025 President for our Inland Empire & Orange County SIOR Chapter. He is also a board member for Cal State Fullerton’s real estate association.
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Course Description
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.
Course Objectives
- Distinguish between appraisal and review.
- Evaluate the necessary knowledge and skills required to complete reviews.
- Distinguish between trivial and material errors.
- Identify types of review assignments and the process employed in the reviewer’s scope of work.
- Recognize regulatory compliance issues for review appraisers.
- Identify the steps necessary to communicate the review effectively.
Course Details
Program Overview:
Table of Contents and Overview
Course Schedule
Assignments:
To access your Education and Events page, log on to the Appraisal Institute website at https://ai.appraisalinstitute.org/eweb (click on the three horizontal lines to the left of the AI logo and select “My
Equipment:
- A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
- You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.
- For help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.
- HP-12C calculator User’s Manual.
Additional Information:
Course Materials Include:
- Course Handbook (429 pp.)
- Suggested Solutions (172 pp.)
- Pre-Class Downloads (3 MB)
- Pre-Class Memo (1 p.)
Designated Members, Candidates for Designation, and Practicing Affiliates will receive the discounted AI Price for Advanced Education courses: Review Theory—General and Review Case Studies—General. All others will pay full price.
Review Theory—General is required for individuals pursuing the Appraisal Institute General Review Designation (AI-GRS – Appraisal Institute – General Review Specialist). For more information regarding the requirements for the review designation, please click here.
If you are currently designated, view for more information on the alternative path.
If you are currently a Candidate for Designation, or wish to become a Candidate, view here for the specific designation requirements.
You will be asked to clear the calculator’s memory before and after the examination. Only one calculator is permitted in the testing room. Examinees taking most AI exams may bring their own calculator to use during the exam. Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.
Requirements:
A laptop computer is required. Word processing software must be installed and operational. This course includes writing exercises.
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.
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