- Check in begins at 8:15am
- class starts at 8:30am
- 7 CE Hours
- Instructor: Mark Smeltzer, MAI, SRA, AI-GRS
NO DOUBT ABOUT IT, DESKTOP APPRAISALS ARE HERE TO STAY. Recently released by Fannie Mae, after March 19, 2022, loan casefiles meeting certain requirements will receive the option to obtain a desktop appraisal reported on Uniform Residential Appraisal Report (Desktop) (Fannie Mae Form 1004 Desktop). As the world changes, so do processes and methods used in many businesses including the appraisal profession. While alternative appraisal services like bifurcated, hybrid, and desktop appraisals and evaluations aren’t new, they are becoming more popular. Many appraisers are uncertain about the general requirements of each service, how appraisal standards might apply, and how these services might create liability. You’ll gain more clarity about the different services being requested which will help you to decide if these services are for you. It will review the expectations of alternative appraisal services, potential uses, appraisal standard implications, scope of work, and liability concerns as it applies to residential and commercial assignments. And it will review evaluation formats and the business opportunities for them.
Cancellation Policy
- Any & all cancellations are subject to an admin fee.
- No credit/refunds for cancellations made on or after 7 days prior to class.
- No credit/refunds for no-shows.
- Our cancellation policy is stated on registration portal.
This Seminar Is On Zoom
Students must have computer, webcam & microphone capability to participate & receive CE credit. The platform will be interactive and live. The instructor must be able to physically see and interact with all students and students must be able see and interact with the instructor. A copy of your driver’s license must be emailed to the Chapter office as verification after you have registered for the offering prior to the offering start date. You will receive a separate email from the Chapter Office with log-in/access information. You do not need a paid account from ZOOM to participate. If you are using your Ipad/Iphone/smartphone download the ZOOM app prior to offering. Check your webcam privacy settings on your computer. Check state approvals before registering to make sure the states you are licensed have approved the course/seminar & allow Virtual education in place of classroom education. Contact the chapter with questions regarding participation guidelines: lisamayweiss@hotmail.com
Questions:
Contact Lisa Weiss at lisamayweiss@hotmail.com or (856) 415-0281
Click here to download a printable PDF flyer of upcoming courses.
- Check in begins at 8:15am
- Class starts at 8:30am
- Instructor: Stacy Letton, MAI, SRA
This seminar will provide you with a basic understanding of appraising affordable housing. You’ll learn about the differences between an affordable multifamily property and a conventional market rent property and discover how regulatory forces rather than the market determines income and even expenses. You’ll gain a basic understanding of how Low-Income Housing Tax Credit (LIHTC) programs work and recognize how other affordable housing programs interact with LIHTC units. By working problems, you’ll see how traditional appraisal techniques and approaches must be modified. Course objectives:
- Gain an understanding of the principal difference between affordable and market rent properties.
- Understand the basic constructs of affordable housing programs and how regulatory rather than market forces drive income levels.
- Learn how to complete meaningful rental analysis.
- Understand what expenses may be affected by the operation of an affordable housing property.
- Learn to adjust the Income, Sales Comparison, and Cost Approaches to better address the income characteristics of affordable housing.
Note This Seminar Is On Zoom!
Students must have computer, webcam & microphone capability to participate & receive CE credit. The platform will be interactive and live. The instructor must be able to physically see and interact with all students and students must be able see and interact with the instructor. A copy of your driver’s license must be emailed to the Chapter office as verification after you have registered for the offering prior to the offering start date. You will receive a separate email from the Chapter Office with log-in/access information. You do not need a paid account from ZOOM to participate. If you are using your Ipad/Iphone/smartphone download the ZOOM app prior to offering. Check your webcam privacy settings on your computer. Check state approvals before registering to make sure the states you are licensed have approved the course/seminar & allow Virtual education in place of classroom education.
Contact the chapter with questions regarding participation guidelines: lisamayweiss@hotmail.com
Cancellation Policy
- Any & all cancellations are subject to an admin fee.
- No credit/refunds for cancellations made on or after 7 days prior to class.
- No credit/refunds for no-shows.
- Our cancellation policy is stated on registration portal.
Click here to download a printable PDF flyer of upcoming courses.
Fall Dinner Meeting and Seminar
- 2 CE Hours
- 4:00 – 6:00 pm NJ Appraiser Law & Regulations
- Presenter: Susanne Curran, MAI, AI-GRS
- 6:00 – 7:00 pm Buffet dinner (cash bar) and chapter meeting
NJ Appraiser Law, Regulations N.J.S.A. 45:14F-1, et seq. Real Estate Appraisers Act
Purpose: This course is required by NJ regulations every two years. Students will learn about the law itself, the regulations that pertain to the law including specific areas noted in the regulation.
13:40A-5.4 (b): All licensed and certified real estate appraisers shall be required to complete a two hour course on New Jersey law and rules governing the practice of real estate appraising.
Questions? Need help enrolling?
Email: lisamayweiss@hotmail.com Call: 856.415.0281
Cancellation Policy
- Any & all cancellations are subject to an admin fee.
- No credit/refunds for cancellations made on or after 7 days prior to class.
- No credit/refunds for no-shows.
- Our cancellation policy is stated on registration portal.
Click here to download a printable PDF flyer of upcoming courses.
Offering from the Delaware Chapter
(They have NJ CE credits!)
- 21 CE hrs + 1 hr exam
- Instructor: Vince Dowling, MAI, SRA
Course Objectives
- Identify how property rights and land-use regulations affect the condemnation appraisal process.
- Determine which property to appraise in a condemnation appraisal.
- Recognize the importance of defining public projects and identify their impact on the subject property.
- Perform competent and admissible appraisals.
- Recognize the appraiser’s role in inverse condemnation actions.
- Describe the appraiser’s role as a consultant to legal counsel.
- Identify the valuation concepts and rules of law and procedure typically used in a condemnation valuation jury trial.
Course Details
Program Overview:
Table of Contents and Overview
Course Schedule
Assignments: No
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.
- Free Review: Using a Financial Calculator: Formulas, Symbols, Math Review, and Sample Problems; and Financial Calculator Practice Exercises.
- For additional 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 (455 pp.)
- Suggested Solutions (122 pp.)
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.
Prerequisites
Course Materials & Recommended Books
- Approved in NJ
- (4 CE Hours)
- Sign in at 8:15 am
- Class is 8:30 am -12:30 pm
- Instructed and Developed by Vince Dowling, MAI, SRA
Appraisal reports convey opinions and conclusions that are to be based on credible market support. However, the reality is that this does not always occur. USPAP requires the appraisal to have market support, sound reasoning and logic for adjustments in a comparison analysis, all components in a cost analysis and the multiple aspects of an income analysis. This program will address the need for meaningful market analysis for properties that commonly transact and are located in relatively stable markets, using industry approved and peer tested techniques within the Six Step process. This program will focus on how this can be accomplished in an inferred market study.
Market analysis precedes and is the underpinning of the highest and best use analysis and conclusion. Many valuation reports convey opinions but often lack the underlying data and analysis to support the opinions and conclusions expressed in the report. The underlying market data and its analysis is often poorly communicated due to clients requesting a quick turn-around time frame or the impact of other restrictions.
Note: This seminar is on Zoom!
Students must have computer, webcam & microphone capability to participate & receive CE credit. The platform will be interactive and live. The instructor must be able to physically see and interact with all students and students must be able see and interact with the instructor. A copy of your driver’s license must be emailed to the Chapter office as verification after you have registered for the offering prior to the offering start date. You will receive a separate email from the Chapter Office with log-in/access information. You do not need a paid account from ZOOM to participate. If you are using your Ipad/Iphone/smartphone download the ZOOM app prior to offering. Check your webcam privacy settings on your computer. Check state approvals before registering to make sure the states you are licensed have approved the course/seminar & allow Virtual education in place of classroom education. Contact the chapter with questions regarding participation guidelines: LisaMay.Weiss@appraisalinstitute.org
Cancellation Policy
Any & all cancellations are subject to an admin fee. No credit/refunds for cancellations made on or after 7 days prior to class. No credit/refunds for no-shows. Our cancellation policy is stated on registration portal. These seminars have been approved by the NJ State Board of Real Estate Appraisers.
Click here to download a printable PDF flyer of upcoming courses.
- (3 CE Hours)
- Approved in NJ
- Sign in at 12:45 pm
- Class is 1-4 pm
- Instructed and Developed by Vince Dowling, MAI, SRA
This program will assist the attendees in gaining a better understanding of the strengths and weaknesses of the real estate, either man-made or naturally occurring. Valuation nuances will be addressed, especially when the Subject and/or the competitive sales involve limited utility features. USPAP establishes minimum requirements for an appraisal and the practitioner’s need for competency will be stressed. The program will offer insight into recognizing, understanding, and evaluating physical characteristics and legal controls that impact many assignments. It will be stressed that a practitioner should seek to exceed the minimum requirements thereby better serving their clients and intended users.
The program will review industry approved and peer tested methods and techniques when encountering unique features. Knowing what to look for when inspecting a property or reviewing third party data such as zoning maps and MLS fact sheets will enhance the use of tools available to the appraiser to answer a client’s question.
Note: This seminar is on Zoom!
Students must have computer, webcam & microphone capability to participate & receive CE credit. The platform will be interactive and live. The instructor must be able to physically see and interact with all students and students must be able see and interact with the instructor. A copy of your driver’s license must be emailed to the Chapter office as verification after you have registered for the offering prior to the offering start date. You will receive a separate email from the Chapter Office with log-in/access information. You do not need a paid account from ZOOM to participate. If you are using your Ipad/Iphone/smartphone download the ZOOM app prior to offering. Check your webcam privacy settings on your computer. Check state approvals before registering to make sure the states you are licensed have approved the course/seminar & allow Virtual education in place of classroom education.
Contact the chapter with questions regarding participation guidelines: LisaMay.Weiss@appraisalinstitute.org
Cancellation Policy
Any & all cancellations are subject to an admin fee. No credit/refunds for cancellations made on or after 7 days prior to class. No credit/refunds for no-shows. Our cancellation policy is stated on registration portal. These seminars have been approved by the NJ State Board of Real Estate Appraisers.
Click here to download a printable PDF flyer of upcoming courses.
- Nationally Approved
- 7 CE hrs
- October 16, 2024
- Instructor: Douglas A. Potts, MAI, AI-GRS
NEW SEMINAR! Short-term residential rentals (STRs) play an increasing role in the global sharing economy. It’s important that appraisers, lenders, and underwriters become familiar with the nuances of valuing these properties.
In this seminar, you will gain a basic understanding of the global short-term rental market plus increased awareness about the impact of STRs and the emerging methods, or best practices, required to develop credible valuations of this property type. The seminar provides an overview and brief history of the short-term rental industry, information on aspects of value, FF&E, capitalization rates, going-concern value, motivations of property owners, and proper methods of research. Case study examples demonstrate how to value single-unit, multi-unit, and mixed-use properties that include an STR component.
Seminar objectives:
- Recognize properties that are the subject of valuation that have the potential to be short-term rental properties;
- Discuss appraisal projects with clients in order to properly develop a Scope of Work;
- Derive a highest and best use analysis to properly set up the valuation methodology and valuation techniques to be employed in the appraisal;
- Identify data sources used by one’s appraisal peers for short-term rentals and how to apply market information in the valuation of the subject property;
- Properly value a short-term rental property and apply a test(s) of reasonableness.
Note: This seminar is on Zoom!
Students must have computer, webcam & microphone capability to participate & receive CE credit. The platform will be interactive and live. The instructor must be able to physically see and interact with all students and students must be able see and interact with the instructor. A copy of your driver’s license must be emailed to the Chapter office as verification after you have registered for the offering prior to the offering start date. You will receive a separate email from the Chapter Office with log-in/access information. You do not need a paid account from ZOOM to participate. If you are using your Ipad/Iphone/smartphone download the ZOOM app prior to offering. Check your webcam privacy settings on your computer. Check state approvals before registering to make sure the states you are licensed have approved the course/seminar & allow Virtual education in place of classroom education.
Contact the chapter with questions regarding participation guidelines: LisaMay.Weiss@appraisalinstitute.org
Cancellation Policy
Any & all cancellations are subject to an admin fee. No credit/refunds for cancellations made on or after 7 days prior to class. No credit/refunds for no-shows. Our cancellation policy is stated on registration portal. These seminars have been approved by the NJ State Board of Real Estate Appraisers.
Click here to download a printable PDF flyer of upcoming courses.
The Southern New Jersey Chapter of the Appraisal Institute invites you to attend the most festive & informative gathering of the year!
We welcome & encourage spouses/guests to attend!
5–6 pm: Cocktail Hour
6–7 pm: Dinner (select your meal when registering)
7–8 pm: Presentation of the 2024 George Olasin award to Jerry McHale, MAI Keynote Speakers & Installation of Officers and Directors
Michael J. Acquaro-Mignogna, MAI, SRA, AI-GRS
State of the Appraisal Institute will be presented by Michael J. Acquaro-Mignogna, MAI, SRA, AI-GRS, 2024 Vice President of the Appraisal Institute
President: Maria Nucci, SRA, AI-RRS
Vice President: Meghan Linaris, MAI
Treasurer: Deborah Tordella, MAI, SRA
Secretary: Joshua Garretson, MAI, AI-GRS, AI-RRS
Past President: Sherrie Lisa Galderisi, SRA, AI-RRS
Directors: Steve Bartelt, MAI, SRA, AI-GRS; Michael Descano, MAI; Danielle Fischer; Lee Ann Kampf, MAI; Jerry McHale, MAI; Errett Vielehr, MAI
Information about a way you can help our community this holiday season will be emailed after registration.
Cancellation Policy
Questions or need help enrolling?
EMAIL: lisamay.weiss@appraisalinstitute.org
CALL: 856.415.0281
Click here for a downloadable flyer for the Annual Installation Dinner
CLICK HERE FOR OUR DOWNLOADABLE PDF OF ALL EDUCATIONAL OFFERINGS.
- Sign in begins at 8:15 am
- Class runs from 8:30 am – 3 pm
- Instructor: Susanne Curran, MAI, AI-GRS
This important course 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, you’ll identify behavior and actions that illustrate violations of the Code of Professional Ethics, and you’ll learn how referrals can be made. You’ll get an introduction to the Appraisal Institute Guide Notes to the Standards of Professional Practice and see how the Guide Notes can be used to resolve everyday appraisal practice problems. Finally, you’ll 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.
The content emphasizes:
- Business practices issues, such as how to respond to seemingly unreasonable requests, how to address client pressure, and how to approach a complex assignment
- Which standards apply to Appraisal Institute Designated Members, Candidates for Designation, Practicing Affiliates, and Affiliates, and when they apply
- The key principles of the Standards of Valuation Practice
- How to identify and avoid behavior that violates the Standards of Valuation Practice
- The correct way to use the Appraisal Institute designations, emblems, and logo
- Understanding of the Appraisal Institute enforcement process
This seminar is on Zoom! Students must have computer, webcam & microphone capability to participate & receive CE credit. The platform will be interactive and live. The instructor must be able to physically see and interact with all students and students must be able see and interact with the instructor. A copy of your driver’s license must be emailed to the Chapter office as verification after you have registered for the offering prior to the offering start date. You will receive a separate email from the Chapter Office with log-in/access information. You do not need a paid account from ZOOM to participate. If you are using your Ipad/Iphone/smartphone download the ZOOM app prior to offering. Check your webcam privacy settings on your computer. Check state approvals before registering to make sure the states you are licensed have approved the course/seminar & allow Virtual education in place of classroom education.
Contact the chapter with questions regarding participation guidelines: lisamayweiss@hotmail.com
Cancellation Policy
Any & all cancellations are subject to an admin fee. No credit/refunds for cancellations made on or after 7 days prior to class. No credit/refunds for no-shows. Our cancellation policy is stated on registration portal. These seminars have been approved by the NJ State Board of Real Estate Appraisers.
-
2 CE Credits
- Sign in begins at 2:45
- Seminar runs from 3-5pm
- Chapter meeting immediately follows the seminar.
- Developed and instructed by Sandy Adomatis, SRA
We will cover the differences between an expert witness and a consultant, useful tips on the engagement letter, and developing reports. Understanding some basics, like estimating fees and how to bill for court testimony and prep time will be covered. The opportunities are huge in this field for both commercial and residential appraisers.
When are lawyers our clients? (REMEMBER: they are our clients and not “our lawyers!”)
- When we are testifying experts – 20 minutes (Litigation; Arbitration; Administrative hearings)
- When we are consulting experts – 30 minutes (In litigation; When lawyers are drafting agreements that involve real estate value issues)
The engagement letter is the first opportunity to limit the downs – 20 minutes
- How to charge
- How to ensure payment
- Sample litigation engagement letter on AI website
Control the push-pull in developing and reporting opinions – 30 minutes
- Inherent conflict: appraisers are required to be independent, lawyers required to be advocates for their clients’ positions
- Stand your ground – lawyers put their pants on one leg at a time (OK, we can clean that up)
Expand your practice by having lawyers as your clients – 20 minutes
- What is your experience?
This seminar is on ZOOM! Students must have computer, webcam & microphone capability to participate & receive CE credit. The instructor must be able to physically see and interact with all students and students must be able see and interact with the instructor. FOR USPAP, a copy of your driver’s license must be emailed to the Chapter prior to the offering start date. You will receive a separate email from the Chapter with log-in information. If you are using your iPad/iPhone/smartphone download the ZOOM app prior to offering. Check your webcam privacy settings on your computer. Check state approvals before registering to make sure the states you are licensed have approved the course/seminar & allow Virtual education in place of classroom education.
Contact the chapter with questions: LisaMay.weiss@appraisalinstitute.org