Instructor: Craig M. Harrington, SRA, AI-RRS
Apply the principles and concepts learned in Basic Appraisal Principles. This four-day course takes you step-by-step through the valuation process:
- Defining the problem
- Collecting and analyzing data
- Reaching a final opinion of value
- Communicating the appraisal
Learn about the three approaches to reaching an opinion of value—income capitalization, cost, and sales comparison—and apply them in true-to-life case studies and problems. After examining income capitalization methods and formulas, learn how rates and multipliers are derived. Through case studies discover the steps and concepts involved in the cost approach—how appraisers estimate the cost of constructing a reproduction of or replacement for an existing structure; the three major components of depreciation and methods for estimating and allocating depreciation; and land and site valuation.
The course will guide you through the sales comparison approach including researching the market, verifying information, selecting units of comparison, conducting a comparative analysis, making adjustments, and reconciliation. Complete key sections of an appraisal report. Finally, the course provides an introduction to property description and construction and design basics.
Instructor: Craig Steinley, SRA, AI-RRS
Review Case Studies-Residential is unlike anything you’ve experienced in other review courses. In this two-day course, you will apply the review process that you learned in Review Theory-Residential by walking through a case study that focuses on a two-stage review assignment. Day one begins with a quick refresher of review concepts. From there, you will work on an assignment that gets dropped on your desk much like it does in real life. Working in groups, as well as individually, you’ll identify and analyze the components of the case study review assignment.
For many, this will be the first opportunity to work through all seven steps of the review process and apply them within a simulated, very real-to-life assignment. Problem identification and scope of work is where the process begins and that quickly leads to the tougher analytical work where you’ll analyze the subject appraisal report and develop opinions of completeness, accuracy, adequacy, relevance, and reasonableness (including tests of reasonableness). From there, you’ll learn to develop opinions of appropriateness and creditability to both the appraiser’s development work as well as opinions on whether the appraiser’s report is appropriate and not misleading—including the reviewer’s development of reasons for disagreement.
Day two begins with the reviewer’s development of his or own opinion of value in this two-stage review assignment. You will analyze additional field data to facilitate review decisions whether the opinion of value in the subject appraisal report is credible. From the start of the case study, you will take notes to prepare an individual review report which is submitted to the instructor (the review supervisor) before the exam.
If you’re an appraiser, reviewer, or other real estate professional who regularly works with reviews, this hands-on, application-based course is for you!
Spring Chapter Meeting
Wednesday, April 3, 2019
11:30am – 2:30pm (preceded by Chapter BOD Meeting at 9:30am)
3849 Gallagher Dr
Edina, MN 55435 (MAP)
Phil Carlson, AICP, and Beth Elliott, AICP, with Stantec
2040 Comprehensive Plan Update
This two-hour seminar intends to inform attendees about the Twin Cities Metropolitan 2040 Comprehensive Plan Updates from the perspective of the urban and suburban communities in the metro area. We will offer a historical look at how the Twin Cities metro area has developed and how cities’ comprehensive plans have played a role in guiding development. The presentation will also focus on the various changes between the 2030 Comprehensive Plan Updates and the 2040 Comprehensive Plan Updates, which will include a discussion of planning theories/trends that are being implemented by the comprehensive plan updates.
Continuing Education Credits
Appraisal Institute CE – 2 hours approved.
MN CE – Appraiser and Real Estate – 2 hours approved.
- 11:30am: Registration Begins
- 12:00 – 12:30pm: Luncheon
- 12:30 – 2:30pm: Presentation
For those in the 7-county metro area, there is no fee for this meeting if you have paid your Chapter Service Fees (CSF) for 2019. Please remember that the CSFs are due, and if you have not yet paid, please contact the central office at 651-925-5528 to submit payment. We will also be accepting a check payment at the meeting.
For our Guests and those who belong to the North Star Chapter and do not pay the 2019 CSF, the fee for this meeting is $50.00.
Registration is closed.
Instructor: Byron E. Miller, SRA, AI-RRS
Real estate markets and residential appraisal requirements have changed significantly due to market volatility and increased oversight which has left residential appraisers searching for new strategies to handle their appraisal assignments. This seminar revisits valuation fundamentals and illustrates why you need data collection and analytical skills more than ever. The seminar uses and is based on the 2018 updated 2nd edition of Valuation by Comparison. You’ll learn why clients need an appraisal, why you must have appropriate market data, and why it is imperative that you know your market. You’ll discover how to find the information you need in markets where data is scarce, inconsistent, or misleading. And you’ll explore techniques to accurately interpret and then anticipate the actions of buyers and sellers in today’s market. Whether you are an experienced appraiser or newer to the profession, you’ll learn about a variety of approaches and resources that are available for gleaning indications of market value, and you’ll better understand which items require adjustment and which items can be ignored.
Instructor: Vincent M. Dowling, MAI, SRA
Gain an understanding of the eminent domain process, rules and regulations governing condemnation appraisals, and important issues unique to this appraisal specialty. Acquire the tools to address issues such as the valuation rules used by different jurisdictions, identification and valuation of the larger parcel, and the estimation of damages and benefits. Examine advanced applications of appraisal techniques and problem-solving in condemnation cases. Participants will discover how courts view various appraisal methodologies. Case studies are presented to reinforce the application of condemnation appraisal principles.
Instructor: Sandra K. Adomatis, SRA
This one-day introduction course focuses on the evolution of green buildings, the concept of sustainability in buildings, and the principles, practices, and components that distinguish sustainable from conventional buildings.
Instructor: Sandra K. Adomatis, SRA
This one-day course introduces participants to valuation methods for appraising the high-performance house. Participants learn the appraisal procedures for valuing green residential properties to assist in supporting an opinion of value. The course focuses on the valuation process in different appraisal problems encountered in appraising green properties. The valuation process is examined as it applies in each of the three approaches to value.
In-depth case studies will help participants develop their problem-solving skills in this new building technology. The problems and discussion questions are based on real-life examples provided by builders, real estate agents, and appraisers.
Instructor: Vincent M. Dowling, MAI, SRA
Based on the Appraisal Institute’s textbook Applications in Litigation Valuation: A Pragmatist’s Guide, this one-day seminar discusses in detail three of the book’s case studies that provide an overview of litigation strategies to appraisers who are new to litigation work, as well as a reinforcement of litigation skills to more experienced appraisers. Case study topics include title issues, continuing nuisance, and condemnation.
If you have not attended the courses in the Litigation Professional Development Program, this seminar is an excellent starting point. If you have attended those courses, this seminar should reinforce many of the concepts you previously have learned.
Capitol Hill Day
Thursday, April 25, 2019
11:30 am – 4:00 pm
State Office Building – Room 300S
100 Rev Dr Martin Luther King Jr. Boulevard
St. Paul, MN 55155
Please join us for the second annual North Star Chapter Capitol Hill Day! The Government Relations Committee (GRC) has introduced legislation to conform with the current Appraisal Qualifications Board licensing criteria, secure compensation for the Appraisal Advisory Board, and allow out-of-state appraisers to obtain temporary licenses to practice in Minnesota more easily.
Also, make your opinion known regarding SF 1991/HF 1153, which pertains to state-owned lands for sale and the requirement for an appraisal. An appraisal is required for property with a market value of $50,000 or greater. The bill would increase the threshold for an appraisal from $50,000 to $100,000.
Spend an afternoon with us to participate in grassroots, citizen lobbying that makes a real impact on the laws and the appraisal profession in Minnesota. This will be an engaging and entertaining event you will not forget.
Please RSVP no later than April 15.
There is no fee for this event. Lunch is included.
Please RSVP and direct any questions to Byron Miller, GRC Chair, at email@example.com. Additional materials and details will be provided upon your reservation.
Instructor: Paul R. Gillespie, MAI, AI-GRS, AI-RRS
Enroll in Review Case Studies—General and come prepared for the challenge of applying the review process and other concepts covered in Review Theory—General. You will enhance your review skills by preparing two required review reports based on two case studies that present some of the issues reviewers face in review assignments. For each case study, you will develop opinions on the completeness, accuracy, adequacy, relevance, reasonableness, appropriateness, and credibility of another appraiser’s work and then communicate your opinions in a review report you design and draft yourself. By preparing written review reports based on the case studies, you will gain confidence in the application of review techniques. This course will be beneficial for appraisers and other real estate professionals who regularly work with appraisals and reviews.
The Valuation of Craft Breweries
Wednesday, May 8, 2019
12:00pm – 4:00pm
Modist Brewing Co.
505 N 3rd St.
Minneapolis, MN 55401 (MAP)
Join us for a fun and informative seminar on the Valuation of Craft Breweries. With the popularity of craft beers exploding in Minnesota, an understanding of the valuation of craft breweries and taprooms is an important issue for real property appraisers and assessors. Join Stu Mortrude, MAI; Clay Dodd, MAI, ASA; and Brett Hall, MAI, SRA, AMA, as they discuss everything from proper problem identification to the separation of real property, personal property, and business equity.
The seminar will be held at Modist Brewing in Minneapolis and include a tour of the facility as well as a discussion of functionality of improvements and production process from Kale Anderson, Modist Brewing’s Head of Operations.
This four-hour seminar has been approved for Appraisal and Assessor continuing education. Seating is limited to 50, so sign up early! After the seminar we will be hanging out for a social to sample the amazing brews Modist has on tap.
Attendance to the seminar comes with a free pint of beer!
Continuing Education Credits
Appraisal Institute CE – 4 hours approved.
MN Appraiser CE – 4 hours approved.
MN Assessor CE – 4 hours approved.
Register through the AI website.
Candidates for Designation Networking Event
Thursday, May 16, 2019
4:00 – 7:00pm
Punch Bowl Social
1691 Park Place Blvd.
St. Louis Park, MN 55416 (MAP)
The North Star Chapter Candidate Guidance Committee would like to welcome all Candidates for Designation, as well as all Candidate Advisors to attend this happy hour networking event. Stop in for a few minutes on the way home from the office, or feel free to stay for the whole time!
This free event will provide Candidates and Advisors the opportunity to meet with their fellow Candidates, Advisors, and Committee members in a casual environment to encourage engagement and connection among our Candidates for Designation. Candidate Guidance Committee members and Advisors will be on hand to answer any questions Candidates may have regarding their designation path. We promise it will be well worth your time!
Attendance is highly encouraged and includes free parking and free refreshments & appetizers!
Questions? Contact firstname.lastname@example.org or 651.925.5528.