California Rent Control - New Changes for Residential Income Analysis

Date: November 12, 2020

Location: Virtual Classroom, CA


Sponsor:
Northern California Chapter
Contact:
Ms. Lisa M. Estes
Phone:
925-932-7753
Email:
lisa@norcal-ai.org
Website:
http://www.norcal-ai.org/
Name:
It's a Virtual Offering
Address:
Participate from Where it is Convenient for You
Virtual Classroom, CA
Contact:
Lisa M. Estes
Phone:
925/932-7753
Speakers:
DeSaix, Denis
Notes:
READ through all the information listed below before selecting the "Register Now" button for details on timing, required equipment, virtual and out-of-state CE approvals, etc.

Full Price: $55.00
AI Price: $40.00

Notes

Click link below to view additional offerings sponsored by the Northern California Chapter
2020 Calendar of Events


It is the student's responsibility to have the required equipment: Internet Access, computer with webcam, microphone and speakers. The instructor / monitor must be able to see / view students throughout the offering and the students must be able to view the instructor and / or the instructor's presentation.   [Many laptops have the webcam, speakers and microphones built in.]

IMPORTANT: If you are seeking credit for this offering from a state outside of California, check with your state licensing board(s) - before registering - to make sure that they will (1) accept virtual classroom credit, (2) accept  offerings from an out-of-state provider. and / or (3) offer reciprocal CEC with the California BREA in which the participant can petition for credit on his/her own.

About this Workshop
CALIFORNIA RENT CONTROL:  New Changes for Residential Income Analysis

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 jurisdictions 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.   Developer and presenter 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

Understanding 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.  

Cancellation Policy

Cancellations

Written cancellations received by Thursday, October 29, are subject to a $10 cancellation fee.  Cancellations received after that time but prior to noon on Thursday, November 9, are subject to a $15 cancellation fee.  No refunds for cancellations received after Thursday, November 9 or for program "no shows". Cancellations can be emailed to lisa@norcal-ai.org.

Additional Information

Workshop Hours and Materials
Online check-in will begin at 3:30pm on Thursday, November 12.  Instruction will run from 4:00pm – 6:00pm (Pacific Time) and will be conducted using ZOOM as the interactive learning platform.  There is no exam associated with this CE offering.  Materials (if applicable) will be available for download via a special link sent from the Northern California Chapter Office; these materials are not available in your Appraisal Institute "My Account" portal.  By registering for this offering, you agree that your attendance may be monitored and/or recorded and that you will forward your DL/ photo ID to the Northern California Chapter in advance via email. 

Photo ID Required
After registering please send  a copy of your Driver's License or Photo ID to lisa@norcal-ai.org.  Feel free to cover all personal information with the exception of your photo and name. Quick tip:  Cover this information with cut to size post-it notes before taking a photo with your phone or scanning.  Without receiving this information, registrants will not be sent the ZOOM log-in link.  In the subject line type "DL -  [enter your last name] - Rent Nov 2020" before submitting.  ID's should be emailed immediately following submission of your registration.

Required Texts / Materials 
There are no additional required texts or materials for this offering. 


Required Equipment 
This class will be held via Interactive Technology (ZOOM).  It is the student's responsibility to have the required equipment:

  • Internet access
  • Computer with webcam, speakers and microphone (many laptops have these features built-in)

Some registrants may find a secondary device (ipad, phone, laptop or desktop computer) helpful during instruction for reviewing the program materials (if available). While cell phones may be used as a secondary device, they are NOT recommended in place of a computer.

New to ZOOM?
If you are new to ZOOM or need a little refresher, take their FREE tutorial How to Join a ZOOM Meeting.  It will give you the confidence to successfully navigate this virtual presentation.

Education Credit Hours and Attendance Verifications

Those who check into the interactive platform late, leave early or "simply disappear" during non-scheduled breaks may jeopardize receipt of credit.  Webcams must remain on throughout the offering.

Appraisal Institute: Full attendance (100%) enables Designated Members and Practicing Affiliates to receive 10 AI CEC points.   

BREA ContinuingCALIFORNIA RENT CONTROL:  New Changes for Residential Income Analysis has been submitted to the California  BREA for 2-hours of CEC.  Licensed/certified appraisers seeking BREA CEC must meet the 100% attendance requirement. [Note:  This particular offering is based on the "live" version that falls under the temporary exemption for virtual / online education due to COVID / SIP restrictions.]

BREA Basic/QualifyingCALIFORNIA RENT CONTROL:  New Changes for Residential Income Analysis is not approved for BREA qualifying education (QE) credit.

State Board of EqualizationCALIFORNIA RENT CONTROL:  New Changes for Residential Income Analysis is being submitted for 2-hours of SBE training credit for assessors.  

If you are seeking credit for this offering from a state outside of California, check with your state licensing board(s) to make sure an out-of-state virtual offering will be accepted before registering.  We are not submitting this offering for pre-approval from states outside of California.

NEW! Attendance Verification Process Effective 10/01/19
Registrants should be sure their appraiser license/certification numbers are entered in the registration system or a certificate will not be generated.  License numbers are listed under Profile in your Student Portal or can be added as “Other” License.  While often available sooner, we ask that you allow 15 working days for verified attendance certificates to be available for download within your AI My Account portal.  To access your certificate:

  • Logging into My Account www.appraisalinstitute.org
  • Select EDUCATION
  • Click on the specific offering that you are seeking the certificate for; it will show REGISTERED
  • Scroll to the very bottom of the screen to RETRIEVE CERTIFICATE

Note:  Effective 10/01/19 students will be able to access their attendance certificates 24/7 through the Appraisal Institute's netFORUM association management program.  The Northern California Chapter does not have direct access to certificates for programs held after this time. Any issues in retrieving certificates should be brought directly to the attention of the Appraisal Institute's Education Delivery Department at 312/335-4207 or education@appraisalinstitute.org

Important Exception about SBE Certificates:  netFORUM is not currently able to generate SBE certificates for Assessors.  Therefore, SBE certificates will be manually generated and emailed from the Northern California Chapter.  Please allow 15-working days from the offering for processing.


Confirmation Emails

All confirmed registrants will receive a payment receipt plus a separate confirmation by email.  Be sure that you can accept emails from each of the following email addresses: 

In addition, ZOOM and other important details regarding logging into the offering will be sent separately from one of these emails above.  If you currently do not receive education related emails directly from the Northern California Chapter you are encouraged to visit our chapter's homepage, scroll to the lower right-hand corner and sign-up to receive our emails.


Questions? Contact Us
Northern California Chapter

925/932-7753    lisa@norcal-ai.org

Disclaimer Information

Cancellation Policy:    Written cancellations can be emailed to lisa@norcal-ai.org. We reserve the right to substitute instructors, or to cancel or modify this program if sufficient registrations are not received by October 16 or due to other circumstances beyond our control. In the event of cancellation, tuition fees will be refunded. All other costs incurred are the registrant’s responsibility.

Special Accommodations:  Special accommodations are available for individuals who have been professionally diagnosed as physically or learning disabled and can provide appropriate documentation in writing prior to the offering. Without advanced notification, accommodation may not be available.

Lost or Damaged Items:  The Appraisal Institute is not liable for lost or damaged items. This includes but is not limited to calculators, laptops, cell phones, etc.


Communications: By registering for this event, you agree that your communications may be monitored or recorded at any time and that your contact information may be placed in a roster designed for networking purposes.  We reserve the right to switch or change the virtual learning (zoom, Go2, etc.) platform selected for this offering based on program logistics


Questions? Contact the Northern California Chapter:
  The Northern California Chapter is the local sponsor of this virtual education event.  We can be reached at lisa@norcal-ai.org or by calling 925/932-7753. 


This Educational Program (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. Please note that not all states have approved Virtual education, therefore, registrants must check their individual states for approval before registering for the program. Before registering for the program, registrants understand and agree that continuing education credit for this program may not be available in their state on the date of the program. The Appraisal Institute is not responsible if credit is not available for the program in individual states. State exceptions for virtual education may expire prior to the offering date.

National Disclaimer

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 Credit

Please 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 Information

If 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.