Trends Page 1

SCCAI STAFF Linda Zimmer, Executive Director executivedirector@sccai.org Zouka Rosen, Education Adm education@sccai.org Aloma B. Law, Member Service Coor. memberservices@sccai.org

12th Annual Confer- 1

2006 Officers - Announcement—75th Annual Installation Banquet & RICS Event

2

2007 SCCAI Board of Directors Election Results & Certificate Presentation

3

Conference & Trade Show Photos

4&5

AAB Announcement 6

New Members 7

Article– Cushman & Wakefield

8 & 9

Pan Pacific Congress Announcement

9

Branch Chapter Events

10

Licensing Education Package Offer & OREA Announcement

11

OREA Regulation Changes

12 & 13

Schedule of Events 14

2007 Education Offer- 15

Qualifying Criteria 16

INSIDE THIS ISSUE

The Trends V OLUME 4 I S SUE 8

S EPTEMBER 2006

The 12th Annual Conference and Trade Show took place at the beautiful Irvine Marriott Hotel on August 18th & 19th. More than 200 people in attendance includ-ing various vendors.

Steve Fontes, MAI/SCCAI 2007 Secretary Elect and Rolland R. Stephens, MAI

Vickie L. Gill, SRA/Conference Chairperson and Jeff Lugosi, MAI/Guest speaker

SCCAI 2007 Board of Directors Election During lunch break at Conference & Trade Show

Friday, August 18, 2006

Trends Page 2

2006 Officers, Directors and Branch Chapter Chairs

Newsletter of the Southern California Chapter of the Appraisal Institute

PRESIDENT Karen G. Davidson,

MAI VICE PRESIDENT Carol Lynn Chirpich,

SRA TREASURER

Stuart D. DuVall, MAI SECRETARY

Orell C. Anderson, MAI

DIRECTORS

CENTRAL COAST

CHAIR Jim Mackelburg, SRA

VICE CHAIR Joyce Riggs, MAI

ADVISOR Michael DaKroob

EASTERN BRANCH

CHAIR Don Mowery

VICE CHAIR Charles Armstrong

ADVISOR Paul Norlen, MAI

SOUTHERN BRANCH

CHAIR Scott Pettifer, MAI

VICE CHAIR Keith Belsby ADVISOR

Kent Serviss

WESTERN BRANCH CHAIR

Moses Jordan, SRPA VICE CHAIR Eric B. Garfield

ADVISOR TBD

IMMEDIATE

PAST PRESIDENT

David Gribin, MAI

EDUCATION COORDINATOR Steve Norris, MAI

ADMISSIONS

CHAIR-Residential Julia Rias

ASSOCIATE GUID-ANCE CHAIR-

General Tom Neeson

ASSOCIATE GUID-ANCE CHAIR—RESIDENTIAL Kerry Lieman

Saturday, Saturday, January 27, 2007January 27, 2007

75th Annual75th Annual

Installation BanquetInstallation Banquet

At theAt the

Disneyland HotelDisneyland Hotel

Mark your calendar to Mark your calendar to

join us !join us !

EVENING EVENT ANNOUNCEMENT

RICS Americas is sponsoring an evening event at the USC School of Architecture titled

“Green Development—Real...or Window Dressing for Marketers?”

Thursday, September 14, 2006 5pm—7pm Reception

7pm—8:15pm Panel Discussion

LOCATION—Harris 101, Harris Hall Courtyard, USC

Free Parking is available

PRICE—$40 before Sept 7; $60 after

TO REGISTER Go To:

http://www.socalappraisers.org/EventImages/RICS9-14-06.pdf

Trends Page 3

Vince Maher, MAI presiding over the SCCAI 2007 Board of Directors elections

2007, One-Year Term

President: Carol Lynn Chirpich, SRA Vice President: Stuart D. DuVall, MAI Treasurer: Orell C. Anderson, MAI Secretary: Steven R. Fontes, MAI

Representatives to Region VII Committee: Kerry Leiman, SRA (2007 to 2008 term) Julia L. Rias, SRA Scott Pettifer, MAI Eric Garfield William Reinhart, MAI Russel Babbitz, MAI 2007, One-Year Term Alternate Representatives to Region VII Committee: Larry D. Webb, MAI

Vickie Gill, SRA John Kraft, PhD.

T he duly appointed and elected members of the

2006 Southern California Chapter of the Appraisal Institute Nominating Committee, is comprised of the Chair – David Gribin, MAI, and members – Vincent Maher, MAI; Kerry Leiman, SRA; Stuart DuVall MAI; Pat Kellogg, MAI; and Kent Serviss, convened via conference call on July 10th and 17th 2006, in accordance with SCCAI By-laws and made the following nomina-tions.

Karen Davidson, SRA and 2006 SCCAI Presi-

dent presented Andrew G. Kaluzny, SRA with

his SRA Designation Certificate and the Chap-

ter’s congratulations for his achievement.

Elections for the 2007 SCCAI Board of Directors were held during the lunch pro-gram and General Membership Meeting on Friday, August 18, 2006 at the Irvine Marriott Hotel located at 18000 Von Karman Avenue, Irvine, CA 92612. We are pleased to inform all members of the following election results:

Please join all of us in congratulating everyone and wishing them a successful term in office.

Trends Page 4

12th Annual Conference & Trade Show

Trends Page 5

Tony Majewski, Acting Director for Office of Real Estate Ap-praisers (OREA) was the key speaker at Saturday’s luncheon. Majewski updated all attendees on the upcoming 2008 changes.

12th Annual Conference & Trade Show

Beautiful arrangements and great food.

Excellent hotel support added to the

success of this year’s Conference at

the Irvine Marriott.

Trends Page 6

Assessment Appeals board (AAB)

There is an opening on the Santa Barbara County Assessment Appeals Board

Some Background on the Assessment Appeals Board (AAB) The AAB is one of the few local Boards that is actually required by the State Constitution. In many smaller counties the Board of Supervisors acts as the AAB. In larger counties Supervisors appoint people to sit on the AAB on their behalf. Santa Barbara County has two AABs - each with five mem-bers. So there is a pool of 10 members of the AAB of which only three sit for any given hearing. Hearings are typically scheduled on the third Thursday of each month. Most hearings do not last past noon, although sometimes they go the full day. Ninety five percent of all cases filed are resolved in discussion with the Assessor and never go to hearing. Cases that don't go to hearing are either with-drawn by the applicant or the Assessor agrees to stipulate to a lower value based upon new informa-tion. Some cases are designated as "complex" and can last many days. Examples of complex cases are Exxon, Biltmore & Bacara.

Having a position on the AAB carries a good deal of responsibility and can be intellectually challeng-ing and also rewarding for the member. The seat does hold a certain amount of prestige and of course looks good on a resume.

The main qualities for a good member of the AAB are the ability to understand complex taxation laws, apply good reasoning and have the desire to be fair and equitable in all decisions. Additional back-ground in finance, accounting or law are also a benefit. A background in real estate appraisal always provides a good foundation for the AAB. I have found that some of the most solid decisions are made by panels that have one member of the panel with an appraisal background.

Appointed members of the AAB do not need to reside within a Supervisory district - they can live any-where in the County.

The term typically lasts for three years.

The pay is $250 per day for a regular hearing and $300 per day for a complex hearing.

There is currently a vacancy on the AAB members in the Third Supervisory District under Supervisor Brooks Firestone.

Persons Interested in serving on the AAB should call the Third District Supervisors Office at (805) 568-2192.

Please call Joseph E. Holland at (805) 568-2558 if you have any questions.

Joseph E. Holland is scheduled to speak at the next SCCAI meeting on September 14, 2006, Central Coast Chapter event, “Lunch with the Assessors” at Moby Dick’s Restaurant in Santa Barbara, 11:30am to 2pm. Please register online at www.sccai.org.

Trends Page 7

JANUARY Adam M. Bogorad Shervin Bozorgnia Jeffrey Y. Carrillo Daniel S. Choi Jackie J. Flowers James J. Gerard Jeffrey J. Gway Yuri Gurevich Roger Henning Nicholas S. Ito Bonnie Joachim Steven J. Johnson Geoffrey W. Koopman Arian Leviste Frances M. Martel Eduardo Medina Gerald Morey Jim E. Moreno Manual Nevarez Stephen M. Parry David Romine Allen D. Smaldino Richard J. Van Wckle Heather N. Voeltner Brenda A. Wendt Cathy M. Williams Angel Zozikov

FEBRUARY James L. Andreas Ahansoliz Bahrami Jennifer L. Bosco Michael A. Chesney Michael G. Davidson Brian M. Delman Marcus Espiroza Ethan Fien Desarai L. Henry Jason H. Hinze Tirapol Krutrangsit Aarkis Mambreian Jeremy L. Martin Alan Douglas Myrick Liz Perez James J. Pipolo Kimberly R. Sanders

MARCH John B. Evans Donna Santo Lydia B. Satin Lilly Shamam Judith Valadez James D. Welsh Gloria A. Wilson Michael T. Wilson

APRIL Gail L. Brooks Vincent J. Cardenas, MAI Michael D. Cooper Molly Drexler Joyce H. Goralski Don T. Hirose, MAI Vicky L. Oates Kristen R. Patterson Bryan Roth K. Lee Steidel Russell B. Tiv Ramon Torres, Jr.

MAY Golden C. Arouza Eric S. Boucher Drusie T. Bushnell Cesar Chung Robert M. Contant, Jr. Jonathan K. Goldrich Geraldine E. Goralski Paul Hyman Wayne E. Johnston Yuhong R. Li Christie L. Markham Keith A. Miller Rory T. Nomoto Nicholas T. Quary Margaret Reilly John R. Sellers William V. Stolfi Vladimir Sturza Marvin L. Tobias Mike Young Sydney Warburton, III Marcia S. Wertenberger

JUNE J. Curteis Calhoun Aaron V. Chaires Peter Charos Kory M. Felix Richard A. Gilbert Stuart Hathaway William Martinez Brian J. Pavlic Shujah Qadir Jose A. Rivera Ronald K. Rossi Robert Stier Daniel Trimble Peggy A. Vickers Young Yoo

JULY Joseph A. Adaimy Rick L. Beauchamp Dennis J. Jorgenson William M. Martinez Rick Morris James M. Reimers Rommel A. Rivas Katherine M. Samson Rebecca M. Santana LP Speck David C. Ting Mark W. Vejnar Honorato M. Villa

AUGUST Brandon H. Amyx Albert Bowers Jonathan A. Danley William L. Dreyfus David A. Dysart, Jr. Roger S. Ebner Adrian B. Higuera Donald L. Holman Johnathon B. Hossler Jennifer Hsu Michael Anthony Landes Sharon L. Mabley Scott J. Martin William J. McGinnis Robert Meteau Nima Nattagh Dennis L. Nowicki James M. Pink Dianne d. Reyes Robert B. Roades Randolph Rodarte Rhonda K. Rodgers Kelly L. Rodriguez Lance W. Sievers Justin T. Stevens William A. Stoveken Lindsay S. Werble Kathleen T. Wing Tod R. Winger Paul Woo

Total Members: 144

Trends Page 8

CUSHMAN & WAKEFIELD Adds New Practice to Valuation Services Group

Christian Sonne to Head Newly Created Self Storage Practice

LOS ANGELES – August 03, 2006 – In a strategic move to enhance its Valuation Services group and expand the range of ser-vices offered to its clients, Cushman & Wake-field announced today the addition of Self Storage Economics to its Valuation Services. R. Christian Sonne, MAI*, founder and presi-dent of the Sonne Group and Self Storage Economics, has been named managing direc-tor of Self Storage Practice, Valuation Ser-vices. Based in Huntington Beach, CA, Self Storage Economics was part of The Sonne Group Inc., a full-service real estate appraisal and consulting company founded in 1993. The company has extensive expertise in valuation assignments covering a wide range of property types including self storage, retail, apartments, office and industrial property. In 2002, the Sonne Group set up Self Storage Economics as a separate division handling self storage practice. The economet-ric models developed by the company have been used in more than 100 major metropoli-tan markets across the United States. These models forecast the market demand for self storage properties and have been published in “Mini Storage Messenger” and “The Self-Storage Almanac”. “This strategic move will allow C&W’s Valuation Services to significantly expand its penetration in the self storage market, offering a wider range of appraisal services and mar-ket studies nationwide,” says John D. Busi, an executive managing director with Cushman & Wakefield’s Valuation Services.

“The worldwide reputation and capa-bilities of C&W, combined with the expertise of Self Storage Economics, will give an enor-mous boost to the range and quality of ap-praisal and consulting services that C&W is offering its clients,” says Mr. Sonne, creator of the “Self Storage Economics and Appraisal” seminar sponsored by the Appraisal Institute. Mr. Sonne has more than 20 years of experience as a real estate appraiser serving financial institutions, government and public sector agencies, industrial and commercial firms, legal firms and the development indus-try. He has appeared and testified as an ex-pert witness on valuation issues with the United States Bankruptcy Court (Central Dis-trict, Los Angeles), JAMS (Judicial Arbitration and Mediation Services, Orange, California), Orange County Tax Hearing Board and Los Angeles County Tax Hearing Board. From 1991 to 1993, Mr. Sonne served as a senior appraisal officer within Bank of America’s Commercial Appraisal Group in Los Angeles. His responsibilities included engag-ing, managing and reviewing major income property appraisals in the Los Angeles region. In 1990 and 1991, he was a senior consultant in the Valuation Group for Deloitte & Touche in Los Angeles, where he participated in valua-tion assignments for the international account-ing and consulting firm, including litigation sup-port, purchase price allocation, due diligence, and portfolio analysis. From 1984 to 1990, he was an independent fee real estate appraiser completing assignments throughout the West-ern United States.

Continued on next page

Trends Page 9

Have you checked the RESOURCE REGISTRY Login to the ‘Members Only’ section at www.appraisalinstitute.org

Click on Leadership Resource Registry In the upper left-hand corner

NAME AND ADDRESS CHANGES

P lease note that all name & address changes should be made through

the Appraisal Institute, rather than the chapter. The AI generates regular updates, which are used to update membership information for our directory, email notices, mailings, etc. Please go to the Members Only section of the national w e b s i t e t o m a k e t h e c h a n g e s . www.appraisalinstitute.org Thanks for keeping your info current!!!

23rd Pan Pacific Congress San Francisco 2006

September 16—19, 2006

The Pan Pacific Congress is a truly international affair that will allow you to broaden your knowledge through an ex-change of information and ideas with your industry peers from all across the country and world, including large groups from China, Japan and Korea. The extended early bird registration ends on August 11 so don’t delay and regis-ter online to take advantage of this discount at - www.appraisalinstitute.org/conf/ppc.asp

Mr. Sonne holds a Bachelor of Science degree from the University of Utah. He is a Member of the Appraisal Institute, and a Certi-fied General Real Estate Appraiser of the State of California. Cushman & Wakefield’s Valuation Ser-vices group is the largest, fully integrated real estate valuation organization in the world, and is the foremost valuation advisor to leading institu-tional investors and lenders in their critical equity and debt investment decisions. The firm pro-vides appraisal services, highest and best use analysis, dispute analyses and litigation support, and specialized expertise in various industry sectors. C&W has specialized expertise in the following industry groups: Appraisal Management; Dis-pute Analysis & Litigation Support; Hotel, Hospi-tality & Gaming Industry; Property Tax Consult-ing; Restaurant Industry; Retail Industry; Retail Petroleum Facilities; Senior Housing/Healthcare Industry; Machinery& Equipment; and Self-Storage Practice. *MAI – Member of the Appraisal Institute

# # #

Cushman & Wakefield is the world’s largest privately held real estate services firm. Founded in 1917, the firm has 189 offices in 57 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers inte-grated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These so-lutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-213-955-5100, or visit the firm’s Web site at www.cushmanwakefield.com.

# # #

CUSHMAN & WAKEFIELD

Trends Page 10

Departure ...Departure

Do You Know 2006 USPAP Changes are effective on July 1, 2006?

Thursday, September 21st, 2006 7:30am—9:30am

Spitfire Grill 3300 Airport Avenue, Santa Monica

$20.00

Please Register on-line at www.sccai.org or

call the Chapter Office (818) 957-5111x20

Dinner Meeting

“Manufactured Housing-NADA” Learn The New 1004C and Expand Your Business

Tuesday, September 19, 2006

5:30pm—8:00pm

Original Mike’s Restaurant

100 South Main Street, Santa Ana

$30.00

Please Register on-line at www.sccai.org or call the Chapter Office (818) 957-5111x20

Branch Chapter Events

“Lunch with the Assessors” Market Trends, Changes n Availability of

Information

Thursday, September 14, 2006 11:30am—Check-in

12:00pm Lunch Immediately followed by speaker presentation

MOBY DICK’S RESTAURANT

220 Stearns Warf (On the Wharf) Santa Barbara, Ca

$30.00 Please Register on-line at www.sccai.org or call

the Chapter Office (818) 957-5111x20

“Departure ...Departure“ Do You Know the 2006 USPAP Eliminated

Departure Rule?

Friday, October 6, 2006 11:30am—Check-in & Networking 12:00—3:00pm—Lunch/Speaker

Hungry Hunter Steakhouse,

Ventura Cost: $20

REGISTER ON-LINE AT: www.sccai.org

Western Branch Chapter

Central Coast Branch Chapter

Southern Branch Chapter

Central Coast Branch Chapter

Trends Page 11

OREA REGULATIONS “Special Announcement” As the result of our regular meetings with Acting OREA Director, Anthony Majewski, licensed appraisers in California will see substantial reductions in licensing fees for new applications and renewals effective September 7, 2006. For example, if you are renewing your AG or AR license, your 2-year renewal fee formerly cost $610, and it will now be $435. This is a reduction of $175.00, or $87.50 per year (or 29%). AL and AT renewals will re-ceive reductions of $150, or $75.00 per year (the AL and AT licenses cost less than the AG and AR li-censes). Please check the OREA website for a complete list of the fee changes: www.orea.ca.gov. Click on this item on the home page: Important new regulatory changes effective September 7, 2006.

Get Your Licensing

Education Package! COURSES OFFERED • Basic Appraisal Principles

• Basic Appraisal Procedures

• Residential Market Analysis & Highest and Best Use

• 15-Hour Uniform Standards of Profes-sional Appraisal Practice (USPAP)

See Schedule of Events on Page 12 of this Newsletter

To Register go to www.sccai.org

under Education

Licensing Package

T he required introductory courses are offered through the Southern California chapter of the

Appraisal Institute (SCCAI). The Basic Education Series offered by the SCCAI includes 1) Appraisal Principles, 2) Appraisal Procedures, 3) Residential Market Analysis & Highest and Best Use and 4) 15 Hour USPAP. By taking and passing this course series satisfies the California State OREA’s Trainee License education topic and hours requirements. The tuition, is $1,150 for Appraisal Institute members – Non-members pay $1,500, a discount of nearly 25% to members. Associate Membership annual dues - $310 (plus applicable chapter dues) For further information contact the chapter office or Email – education@sccai.org for the education pack-age or email memberservices@sccai.org for mem-bership. Phone (818) 957-5111.

Trends Page 12

OREA Regulation Changes Go Into Effect September 7, 2006

The Office of Real Estate Appraisers announces regulation changes that go into effect September 7, 2006. The changes include but are not limited to the following:

• Temporary reduction in issuance fees to $150.00 for Trainee and Residential License and $200.00 for Certified li-censes effective through June 30, 2010, unless extended.

• The issuance fee reduction applies to Application for Issuance of License (REA 3008) received on or after September 7, 2006, and for license renewals effective September 7, 2006, or later. If you have already submitted your renewal application, OREA will refund the fee difference.

The following charts reflect the fee changes:

LICENSE LEVEL

Initial Application (REA 3001)

Current Request

For Issuance

NEW Request for

Issuance Fee

Old Fees New Totals

Trainee License

$220 $310 $160 $530 $380

Residen-tial

$$220 $385 $235 $605 $445

Certified Residen-

$220 $460 $285 $680 $505

Certified General

$220 $460 $285 $680 $505

Application for Issuance of License

Total Fees**

**Does not include examination fees paid to course provider

Continued on next page

Trends Page 13

OREA Regulation Changes Go Into Effect September 7, 2006

LICENSE LEVEL Current Renewal Fees New Renewal Fees

Trainee License $460 $310

Residential License $535 $385

Certified Residential $610 $435

Certified General $610 $435

Renewal Applications

Other regulation changes include: • License renewal grace period is extended from one year to two years. • Applicants shall not be allowed more than 5 attempts to pass the examination

during the 12 month period until the admit letter is valid. • Trainee education must be completed within the five-year period immediately

preceding the application date. • Residential License experience requirements must be obtained over a period of not

less than 12 months. • 50% of appraisal work experience requirements may be obtained through case

studies and practicum courses that are approved by the AQB Course Approval Program.

• 50% of continuing education or basic education requirements (but not both) may be obtained by instructing approved basic education and continuing education courses.

• Supervising appraisers must be licensed at the certified level and be in good standing with the Office of Real Estate Appraisers and may not supervise more than three appraisers at one time.

Trends Page 14

SEPTEMBER 2006 DAYS DATES LOCATION PROGRAM

Labor Day Holiday Mon—Sept 4 Chapter Office Closed

Basic Appraisal Principles Sept 9+++ Fullerton 4 Saturdays/Education

CCB-Lunch/Seminar Thurs—Sept 14 Santa Barbara Lunch Seminar

AI Fall Committee Mtgs & Chapter Leadership Prgm

Fri & Sat—Sept 15 & 16 San Francisco, (The Palace Hotel)

Meetings

AI Pan Pacific Congress Sat thru Tues—Sept 16 thru 19

San Francisco 4-Day Conference

Highest & Best Use and Mar- Mon thru Sat—Sept 18 thru 23 Arcadia Education

Southern Branch-Dinner Manufactured Housing-NADA

Tues– Sept 19 Santa Ana Education

AI Board of Directors Meeting Thurs & Fri—Sept 20 & 21 San Francisco Meetings

WBC-Westside Breakfast Thurs—Sept 21 Santa Monica Breakfast Seminar

Reviewing Residential Tues—Sept 26 Anaheim Education

OCTOBER 2006 DAYS · DATES LOCATION PROGRAM

Residential Design & Wed—Oct 4 Long Beach Education

Central Coast Branch Lunch Fri—Oct 6 Ventura-Hungry Hunter Rest. Seminar-Departure...Departure

Advanced Income Capitalization

Thurs thru Wed— Oct 5 thru Oct 11

Arcadia Education

7 hr. USPAP Update Wed—Oct 11 Long Beach Education

Basic Appraisal Procedures Sat—Oct 14 thru 19 Fullerton Education

Board of Directors Meeting Wed—Oct 18 Rio Hondo Country Club Downey

Meeting

Heritage Night Wed—Oct 18 Rio Hondo Country Club Dinner

General Membership Dinner Wed –Oct 18 Rio Hondo Country Club Dinner

Report Writing and Valuation Analysis

Mon thru Sat - Oct 23 thru 28

Costa Mesa Education

Advanced Applications Thurs thru Wed - Oct 26 thru Nov 1st

Arcadia Education

NOVEMBER 2006 DAYS · DATES LOCATION PROGRAM

Region VII Meetings Fri & Sat—Nov 3 & 4 Phoenix, AZ Meetings

Litigation Seminar Thurs—Nov 9 Downtown Los Angeles Education

Residential Market Analysis & Highest & Best Use

Fri & Sat—Nov 10 & 11 Fullerton Education

WBC Breakfast Thurs—Nov 16 Santa Monica Seminar

15 hr USPAP Fri & Sat—Nov 17 & 18 Fullerton Education

CHAPTER OFFICE CLOSED Wed at Noon Thurs & Fri—Holiday

HAPPY THANKSGIVING

Trends Page 15

2007 Education

COURSES • 15-Hour National USPAP

• 7-Hour National USPAP

• Advanced Applications

• Advanced Income Capitalization

• Advanced Residential Applications & Case Studies / Part 1

• Advanced Residential Report Writing / Part 2

• Advanced Sales Comparison & Cost Approaches

• Basic Appraisal Principles

• Basic Appraisal Procedures

• Basic Income Capitalization

• Business Practices and Ethics

• General Applications

• Highest & Best Use and Market Analysis

• Income Valuation of Small, Mixed-Use Properties

• Real Estate Finance Statistics and Valuation Modeling

• Report Writing and Valuation Analysis

• Residential Market Analysis and Highest & Best Use

• Residential Report Writing and Case Studies

• Residential Sales Comparison and Income Approaches

• Residential Site Valuation and Cost Approach

• Sales Comparison Valuation of Small, Mixed-Use Proper-ties

• The Appraiser as an Expert Witness: Preparation & Testi-mony

• General Appraiser Market Analysis & Highest & Best Use-400-

SEMINARS

• Avoiding Liability as a Residential Appraiser

• What Clients Would Like Their Appraisers to Know

• Demo Report Writing

• Evaluating Residential Construction

• Evaluating Commercial Construction

• Uniform Appraisal Standards for Federal Land

• Acquisitions: Practical Applications for Fee Ap-praisers

ALL COURSES AND SEMINARS

WILL BE AVAILABLE FOR

REGISTRATION

ONLINE AT WWW.SCCAI.ORG

STARTING NOVEMBER 2006

REGISTER EARLY:

BEAT THE RUSH

TO UPGRADE YOUR LICENSE

BEFORE 2008 DEADLINE!

ON-LINE REGISTRATION

Trends Page 16

OREA License Levels

Basic Education Requirements

College Level Requirements

Experience

Residential (AL) 150 Hours N/A 2,000 Hours

(accumulated over at least a 12 month period)

Certified General (AG) 300 Hours Bachelors Degree** 3,000 Hours that include at least 1500 non-residential hours (accumulated over at least a 30 month period)

Certified Residential (AR)

200 Hours Associate Degree* 2,500 Hours

(accumulated over at least a 24 month period)

Trainee (AT) 150 Hours N/A None

AQB Minimum Real Property Appraiser Qualifying Criteria (Effective January 1, 2008)

The real property appraiser criteria effective January 1, 2008 are summarized in the following table.

Individuals gaining experience at the AT level must be supervised by a certified licensed level appraiser under the new criteria. No supervisor can supervise more than three trainees. In lieu of the Associate Degree, an applicant can com-plete 21 college semester credits in courses covering specific subject matters: English Composition; Principles of Economics (Micro or Macro); Finance, Algebra, Geometry or higher mathe-matics; Statistics, Introduction to Computers; and Business or Real Estate Law. In lieu of the Bachelors Degree, an applicant can complete 30 college semester credits in courses covering spe-cific subject matters: English Composition; Micro Economics; Macro Economics; Finance, Algebra, Geometry or higher mathematics; Statistics, Introduction to Computers; and Busi-ness or Real Estate Law; and two elective courses in account-ing, geography, as-economics, business management, or real estate.

SEND ALL ARTICLES, COMMENTS, PHOTOS

AND MEMBER NEWS TO MEMBERSERVICES@SCCAI.ORG