RESIDENTIAL - MORNING SESSION

8:30 am: Introduction of Morning Speakers and Seminar Announcements

Click on the session titles below to expand for speakers, presentation summaries, and objectives.

Speaker: Ryan Nelson, St. Paul Regional Loan Center – Department of VA, Supervisory Appraiser

Summary:
The VA Home Loan and Appraisal Program overview presentation will give the audience an understanding of the VA Home Loan Program and how the program benefits Veterans and Service members. The presentation will also highlight the VA appraisal process including how VA appraisal process differs from conventional and FHA appraisal process.

Objectives:

  1. Enhance knowledge of the VA Home Loan Program.
  2. Dispel myths about the VA Home Loan Program.
  3. Provide audience with a better understanding about the VA appraisal process.

Speaker: Shanna Sether, City of Minneapolis, Principle City Planner

Summary:
Accessory dwelling units (ADUs) are an increasingly popular housing type in cities across the country.  The City of Minneapolis authorized ADUs as a permitted use in 2014, after extensive peer city research and robust community engagement.  ADUs are an innovative housing type that take advantage of existing, underutilized space on a property, within an existing structure, small addition, or in a new detached accessory structure.

Objectives:

  1. Understand what an accessory dwelling unit is – and is not.
  2. Identify the different types of accessory dwelling units.
  3. Review general building and zoning code requirements in Minneapolis.
  4. Review general construction costs.

Speaker: Adam Ripple, Rinke Noonan, Shareholder

Summary:
A primer on shoreland zoning and regulatory issues for residential appraisers. Identifying constraints on highest and best use for lake properties with a discussion of regulatory problems that impact value, treatment of nonconformities, and land use issues unique to shoreland.

Objectives:

  1. Understand that “shoreland” is broader than lakefront property.
  2. Learn the nuanced protections that apply to nonconformities.
  3. Recognize lots of records and the potential for forced lot combinations.
  4. Identify key shoreland ordinance provisions that affect use.
  5. Discuss access lots, converted resorts, PUDs, and DNR rules.

12:15 – 1:00 pm: Lunch

GENERAL - AFTERNOON SESSION

1:00 pm: Introduction of Afternoon Speakers and Seminar Announcements

Click on the session titles below to expand for speakers, presentation summaries, and objectives.

Speaker: Peter Christensen, LIA Administrators & Insurance Services, General Counsel

Summary:
In this presentation, the following myth will be dispelled: “Only appraisers who do appraisals for mortgage lending get sued.” An overview of common professional liability claim issues affecting appraisal expert witnesses will be provided, using several real-world cases. Based on each case, key suggestions for decreasing will be discussed.

Objectives:

  1. Recognize that liability risk does exist for appraisal expert witness-related work.
  2. Understand the applicable legal privileges and protections as a witness in litigation.
  3. Be able to implement key liability prevention suggestions relating to appraisal expert witness work regarding: (1) following instincts with respect to risk, (2) making needed disclosures, (3) avoiding legal conflicts of interest, (4) using good identifications of intended use and user, and (5) being careful with respect to state licensing requirements.
  4. Understand the special attributes of an engagement agreement for appraisal expert witness work.

Speakers:
Bryon Parman, NDSU, Agriculture Finance Specialist
Jack Davis, SDSU, Crops Business Management Field Specialist
Simon Jette Nantel, University of Wisconsin Center for Dairy Profitability, Farm Management Specialist
David Bau, Agriculture Business Management Regional Center, Regional Extension Educator

Summary:
An agriculture real estate panel from Minnesota, Wisconsin, North Dakota, and South Dakota will discuss their states’ agriculture land market value and rent trends. The panelists will present rural real estate trends for crop and pasture land. They will discuss land income trends within their state and the items that influence the net income. Finally, they will provide a current outlook of net income and land values/rental rates along with a look at what the future holds for land values and rents.

Objectives:

  1. Participants will learn rural real estate values and rent trends in the four states.
  2. Influence on land values and rents.
  3. Current and future outlook for land values and rents and the drivers of the influences.
  4. Allow students lengthy round table Q&A with panel representatives.

Speakers:
Peter Brickwedde, Minnesota Department of Commerce, Assistant Commissioner of Gov. and External Affairs
Jacqueline Olson, Minnesota Department of Commerce, Audit Director

Summary:
This session will provide licensees with regulatory updates from the Commerce Department. Agency staff will focus on regulatory procedures, licensing and enforcement statistics, an overview of the most recent ASC audit of the Department, and commonly identified mistakes seen by regulatory staff. Commerce will also provide an update on newly passed legislation affecting the appraisal industry during the 2019 legislative session.

Objectives:

  1. Connect with appraisers about licensing and legislation involving the appraiser industry.
  2. Provide information related to the Department’s recent ASC Audit.
  3. Provide information related to the Department’s recent enforcement cases.
  4. Answer questions from the industry about issues that are concerning to the appraisal community.

5:00 pm: Conclusion of Seminar

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