Accessory Dwelling Units (ADUs): Valuation Challenges and The Law

Date: October 23, 2020

Location: Virtual Classroom, CA


Sponsor:
San Diego Chapter
Contact:
Ms. Patti L. Kreutzer
Phone:
858-292-7324
Email:
patti@sdcai.org
Website:
http://www.aisandiego.org/
Name:
Virtual Classroom
Address:
Virtual Classroom
Virtual Classroom, CA 00000
Speakers:
DeSaix, MAI, SRA, Denis

Notes

SEMINAR CONTENT: The lack of affordable housing in many California markets has been a challenge, vexing policymakers, local communities, employers, and ultimately, potential homeowners and renters. In 2017, the state of California adopted new development standards which apply to every planning jurisdiction in the state. These new rules effectively allow property owners to construct new or modify existing portions of their homes to incorporate an accessory dwelling unit in all but a few situations. As more and more property owners and developers take advantage of these new laws, appraisers can expect to see more and more single family assignments that include the need to evaluate the contributory value of an ADU. ADU regulations continue to evolve in California and throughout the country. Fannie Mae has just released an update to their ADU lending guidelines that affect all ADU assignments targeted to Fannie. You can't afford to miss hearing about these changes. Additional seminar content includes: 

  • State Mandated ADU Regulations
  • Three Approaches to Value - Cost, Income, Sales
  • Factors Driving Price and Demand
  • How Have Things Changed?
  • Is There a Difference From Market Value to Sales Price? 
  • Case Studies: When Paired Sales are Scarce

TIME: Check in 12:30 pm / Seminar 1:00 pm to 3:00 pm

SEMINAR 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. Webcams must remain on throughout the offering. Any student who turns off their webcam jeopardizes receipt of continuing education credit. No camera = no credit.

SEMINAR DEVELOPER AND PRESENTER: Denis DeSaix, MAI, SRA. Denis is a certified general appraiser practicing in the San Francisco Bay Area, specializing in complex properties, reviews and compliance, and litigation support. Denis is the Immediate Past President of the Northern California Chapter, a respected seminar/conference presenter, a practicing field appraiser for many years, and is proud to have served as a United States Marine. 

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 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.


Cancellation Policy

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 $35.00 cancellation fee will be applied to all requests for cancellation. Less than two days prior to program start date, no refunds will be given. 

Additional Information

CONTINUING EDUCATION CREDIT: This program was developed and organized by the San Diego Chapter of the Appraisal Institute 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. Attendees are eligible to receive ten (10) points of Appraisal Institute continuing education credit. This seminar is also approved for two hours of BREA continuing education credit (Approval No. 20CP754601442). 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. Please note: state exceptions for virtual education may expire prior to the offering date. 

Disclaimer Information

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.

 

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.