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Location: Virtual Classroom, CA
- Name:
- Virtual Classroom
- Address:
- Virtual Classroom
Virtual Classroom, CA 00000
- Speakers:
- DeSaix, MAI, SRA, Denis
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SEMINAR CONTENT: In California, rent control has been a local jurisdiction issue, typically approved by a city’s or county’s voters. Beginning in 2020, there will be a state-wide rent control ordinance that will cover all jurisdctions not currently affected by local rent control and can also impact those jurisdictions with existing rent control ordinances. This is a significant change that has a direct impact on the evaluation and analysis of residential (one-unit and multi-unit) rental properties. Denis DeSaix, MAI, SRA, will provide an overview of the new law and the potential impact it will have in appraising residential rental properties. Points of discussion will include:
- An overview of the new regulations
- What’s exempt and what’s not
- How a market with existing rent control can be affected
- Valuing a rent-controlled property
- Analyzing Physical Characteristics vs. Economic Characteristics
- Understand the relationship between GRMs/Cap Rates and Market or Below Market Rents
- 1-4 unit appraisal impact of rent control- it does matter!
Whether you are a commercial or residential appraiser, the new rent control laws will affect your appraisal analysis if the property is an apartment building, a 2-4 residential income property, and possibly a SFR or Condominium rental property. Come join us for this informative presentation and be prepared as this new law takes effect.
TIME: Check in 12:30 pm / Seminar 1:00 pm to 3:00 pm FORMAT: Registrants will connect using ZOOM interactive technology. For the full ZOOM experience, registrants will need a computer, Internet access, webcam, and a microphone. You do not need a paid account from ZOOM to participate. If you are using your IPad/Iphone/smartphone, please download the ZOOM app prior to the offering. A WEBCAM IS REQUIRED. The session monitor must be able to see each of the students and verify that they are participating at all times throughout the seminar. If you do not have a camera on your computer, they are available at BestBuy and other online retailers starting at around $30. SEMINAR PRESENTER: Denis DeSaix, MAI, SRA PHOTO VERIFICATION: As part of the required attendance monitoring, all students need to provide the Chapter Office with a copy of your driver's license in advance of the offering. Simply take a picture of your driver's license with your phone or send a scanned copy to mailto:patti@sdcai.org. Registrants who do not forward their photo ID to the Chapter Office will be ineligible for credit and will be prohibited from attending the seminar.
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Up to 15 days prior to program start date, a $20.00 cancellation fee will be applied to all requests for cancellation. Between two and 14 days prior to program start date, a $35 cancellation fee will be applied to all requests for cancellation. Less than two days prior to program start date, no refunds will be given.
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CONTINUING EDUCATION CREDIT: This
seminar is approved for 10 points of Appraisal Institute education credit, and for
2 hours of BREA continuing education credit (Approval No. 20CP754601445). Please
note that not all states have approved virtual education; therefore,
registrants must check their individual states for approval before registering
for the program.
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ENROLLMENT: Enrollment is on a first-come, first served basis. If the
event is filled, a waiting list will be retained. The San Diego Chapter
reserves the rights to cancel, limit, or reschedule any 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
with the Chapter office before making any non-refundable airline reservations.
Transfers are not allowed.
PREREQUISITES: Some offerings have prerequisites. Be sure to read the
course or seminar description to find out if there are any prerequisites for
this offering.
REQUIRED EQUIPMENT: Some offerings require each student to bring a laptop and/or
other equipment. Be sure to read the course or seminar description to determine
if any equipment is required. Students are responsible for safeguarding their equipment
and personal belongings at all times. The Appraisal Institute, the San Diego
Chapter, the course or seminar Instructor, or the facility will not be
responsible for any loss of students’ personal belongings.
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This Educational 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. State CreditPlease note that 100% attendance is required in order to receive any approved state credit or to be awarded AI CE points. It is imperative that you check with your state board for state approval information before completing registration. Other InformationIf you have a disability and require accommodation, please notify the sponsor at least two weeks in advance for reasonable accommodations to be arranged. The Appraisal Institute reserves the rights to cancel, limit, or reschedule the program and to change instructor assignments and facility locations at any time.
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