Spring 2017 Newsletter

 

ASA NorCal Chapter Newsletter: Upcoming events and appraiser updates.
For more chapter information, go to www.asaNorCal.org
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ASA NorCal
Newsletter

April/May
2017

Volume 10

Number 2

In This Issue

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ASA NorCal News

Seize the Day!

Sign Up Early–our events sell out quickly

In addition to the events listed in this edition of our Newsletter, visit the ASA NorCal website at www.ASANorCal.org to see the full calendar of events.  Our calendar is updated monthly and in addition to events sponsored by ASA NorCal, includes ASA National events, and events offered by partner organizations.

Upcoming Events
Multi-Disicipline Seminar

Valuation of Wineries

         SOLD OUT!      
     Wait List Available

Thursday, April 6, 2017
Time: 9:00 am  – 3:30 pm
Location:
Frank Rimerman + Co.

899 Adams, 2nd Floor Conference Room
St. Helena, CA
     and 
Alpha Omega Winery 
1155 Mee Lane @ Hwy 29, St. Helena

Cost (includes lunch):
Early Registration ends 3/31/2017:$100
Standard Registration 4/1/2017 & later: $115
No Onsite Registration

BREA APPROVED CE Credits: 5

Join us for a half-day multi-discipline seminar on the valuation of wineries in the offices of Frank Rimerman + Co. with presentations by Machinery & Technical Specialties appraisers, Business Valuation appraisers, and Real Property appraisers.  After lunch there will be a tour of Alpha Omega Winery’s newly installed crushing pad and other winery equipment followed by a wine tasting.

Interested in carpooling? Contact Ramiro Campos-Sanchez, ASA at ramiro.campos-sanchez@AndersenTax.com

To Register click below or visit http://www.asanorcal.org/wineries

Business Valuation:

The Valuation Journey

with Professor Aswath Damodaran

Thursday, April 20, 2017
Time: 12:00 – 2:00 pm
Location: 
City Club of San Francisco

155 Sansome Street, San Francisco
Cost (includes light lunch): 
Early Registration by 4/6/2017: $80 
Standard Registration 4/7/2017 & later: $90
No Onsite Registration

CE Credits:  2

The NorCal chapter of the American Society of Appraisers in coordination with the Fair Value Forum is pleased to present a topical discussion with Professor Aswath Damodaran based on a reflective look of valuation entitled “The Valuation Journey”.  An energetic and thought provoking speaker, Aswath Damodaran is a professor at the Stern School of Business and frequent commentator on CNBC (often referred to as the “Valuation Guru”).  In drilling down on this fundamental topic, Professor Damodaran will also visit the concept of storytelling, the topic of his latest book, Narrative and Numbers: The Value of Stories in Business.  Professor Damodaran will share case studies on how storytellers can better incorporate and narrate numbers that are connected to key drivers of value and how number-crunchers can develop models that withstand scrutiny.

Join us for what is sure to be a lively and fun discussion. We will hold a raffle to give out five autographed copies of Professor Damodaran’s new book.

To Register click below or visit  http://www.asanorcal.org/bv-forum-2017

 

News

NEW Discipline Specific Arm Designation

by JACK YOUNG, ASA–MTS/ARM,CPA .

Did you know that you can now add an ARM designation to your existing ASA designation? And you can easily use your required reaccreditation CE hours to get this designation that will add real value to your appraisal practice. Simply take ARM 201-overview and ARM 204-application, pass the exams, and then turn in a demonstration report and application. Upon approval of the demonstration report you will be accredited for ARM in your existing discipline(s).

An ARM designation leads to expanded income opportunities for litigation, loan underwriting, insurance losses, family law matters and many other areas. Attendees of ARM classes overwhelmingly agree that at the very least, the classes help them understand the process of how their report may be reviewed, resulting in their producing much better appraisal reports.

These ARM classes are taught in a dialogue education style that honors the knowledge and experience of the attendees, incorporating their professional contributions into the curriculum. Students enthusiastically report that dialogue with other appraisers in the ARM classes has resulted in some of the best appraisal education that they’ve ever received.

ARM 201 Appraisal Review and Management Overview:
Class focuses on review of basic appraisal terms, uses of the ARM designation, how to avoid defamation, discussion of USPAP Standard 3, logical fallacies, and review of other appraisal standards (IVS, SSVS, etc.). In-class exercises guide you in constructing clear and concise arguments to support your findings while avoiding defamation. Students will review several reports for specific issues including scope of work, ethics, competency, and logic. Students share their finding with the class creating a rich and valuable dialogue with fellow appraisers.

ARM 204 Appraisal Review and Management Application:
Hands-on Appraisal review report writing class. Students bring reports to review (typically not their own) which will become the work under review for their demonstration report. The topics covered in ARM 201 will be discussed in great detail while students review the reports under review and begin to prepare their demonstration report. Students share their findings and how they have specifically worded their argument in support of their findings in an objective way that does not leave the reviewer open to allegations of defamation. Students find great value in the discussion focused on specific findings in the reports they have brought to class. By the end of the class, each student will have the practical application knowledge of the appraisal review and review report writing, including most of the components needed to assemble their demonstration report for submission for advancement. Appraisal management topics of record keeping, working with other appraisers and report signing are also covered.

Both classes are 3 days long with the exam on the 4th day. Classes must be taken sequentially.

NEWS FROM OUR EVENTS


The February 23 chapter meeting addressed a “Macro-Economic View of the World for 2017” with Professor Michael Lehman, Ph.D., Faculty Emeritus, University of San Francisco.  Dr. Lehman guided  a “step back” review and discussion of macro-economic history and what we can learn from the past as we seek to navigate the economic road ahead.

Two members received their ASA certificates and the congratulations of the chapter.  

<Cameron Hendricks, ASA-BV received his ASA certificate, presented ASA NorCal Business Valuation Chair, Joe Orlando.

>Anirudh Rekulapalli, ASA-MTS was presented his ASA certificate by Past President Garrett Schwartz.
 

Other News

Upcoming Appraisal Institute Offering:

Spring Litigation Conference

Location: Filoli Gardens, Woodside

One of our most sought after award-winning conferences returns to the historic and beautiful grounds of Filoli again in 2017.

  • How to Be an Effective Expert Witness
  • High Speed Rail Eminent Domain Issues You May Have Overlooked
  • Don’t Get Eliminated by In Limine.  Just What are those “Motions” to Exclude YOU?
  • Real Estate Damage Economics and Diminution in Value Issues
  • Legal Bites

Presenters include
Randall Bell, PhD – Real Estate Damage Economics, LLC
Joseph A. Rice, Ph.D – Jury Research Institute
Mark Wasser, Esq. – Law Offices of Mark A. Wasser
Norman C. Hulberg, MAI – Senior Managing Director, Valbridge Property Advisors
David W. Skinner, Esq. – Meyers l Nave
Norman E. Matteoni, Esq. – Matteoni O’Laughlin & Hechtman
Walter D. Carney, MAI – Senior Managing Director, Valbridge Property Advisors
F. Gale Connor – Attorney at Law, Shareholder, Miller Starr Regalia

BEST VALUE RATE: Register by April  6 and Save up to $155!
AI Designated Members, Candidates for Designation & Affiliates – $260
Standard / Non-AI – $310

Register by 4/27
AI Designated Members, Candidates for Designation & Affiliates – $285
Standard / Non-AI – $335

Register after 4/27
AI Designated Members, Candidates for Designation & Affiliates – $315
Standard / Non-AI – $415

 

ASA NorCal Chapter Board of Directors

Officers Discipline Directors
President:  Louise Allrich, ASA (Allrich Fine Art Services )
Vice President: Carol DiGiovanni, ASA (DiGiovanni & Co.)
Secretary:  Liza Hickey, ASA (Hobart & Assoc.)
Treasurer: 
Eric Sundheim, AM (Teknos Valuation)
Past Pres.: Garrett Schwartz, ASA (Sencer Appraisal Associates)
Appraisal Review & Management: Jack Young, ASA (NorCal Valuation)
Business Valuation: 
Joe Orlando, ASA (Frank, Rimmerman + Co.)
Gems & Jewelry: Claire Pena, (CPenaCo)
Machinery & Tech. Specialties: Ramiro Campos-Sanchez, ASA (Anderson Tax)
Personal Property:  Jeremy Stone, ASA (BMVA)
Real Property: Brad MacLane, Jr., ASA (MacLane and Company)
Newsletter
If you are interested in contributing an article or news item to the newsletter, please submit it to
Carol DiGiovanni, Newsletter Editor, at
carol.digiovanni@comcast.net.
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