3-HR Pennsylvania Understanding Leases Course

The Philadelphia Chapter of the American Society of Appraisers will sponsor a three-hour Pennsylvania Continuing Education class -- Understanding Leases on Wednesday, November 28, 2018 from 9:00 am to noon at Andy’s Diner, 2224 Lincoln Highway (Rte 1) Trevose, PA 19053 (215-638-1444)

The instructor will be Robert J. Luciani, ASA, IFA, a PA Certified Real Estate Appraiser & Assessor. Mr. Luciani is Deputy Assessor in the Office of Property Assessment for the City of Philadelphia. Chapter Members are familiar with him from the courses he teaches as an AQB (Appraiser Qualifications Board) Certified USPAP Instructor.

From farmland to factories, from malls to warehouses, from hotels to offices, from stores to apartments, more than 60% of Pennsylvania real estate is leased, not owned outright. This course reviews basic lease law, both common law and Pennsylvania statutes.

Appraisers will learn how the terms and provisions of leases impact the income stream, the valuation process, and ultimately the property value. Assessors will get an overview of how lease terms such as expenses, percentage rent, overage rent and tenant improvements establish the value of the lease for assessment purposes. Both will be exposed to the basics of lease analysis -- gross vs. net leases, percentage of sales clauses, etc. The object is preparation for advanced courses in real property appraising and assessing.

Please register early for this class which qualifies for three (3) hours of Continuing Education Credit for Pennsylvania Licensed Appraisers and Assessors.

Tuition for the class is $65 per person, which includes all course materials, breakfast at 8:30 am and lunch at noon, and may be paid by check or online. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35 and mail, including your name, phone number and email address, to ASA Philadelphia, 1229 Chestnut St #232, Philadelphia, PA 19107-4140. Please RSVP by email to Anita Luciani, Administrative Assistant.

PLEASE NOTE: Mr. Luciani will conduct two (2) Pennsylvania Continuing Ed classes for Appraisers and Assessors at Andy's Diner on Wednesday, November 28, 2018, a 3-HR Pennsylvania Understanding Leases Course ($65) from 9:00 am to noon, and a 2-HR Pennsylvania Appraisal Law Course ($45) from 1:00-3:00 pm.

Real Property: 4-Hour Continuing Education Class

The Philadelphia Chapter of the American Society of Appraisers will sponsor a four (4) hour class – Collection & Verification of Residential Data in the Sales Comparison Approach – from 9:00 am to 1:00 pm on Thursday, September 27, 2018 at the Hilton Garden Inn, 530 W Pennsylvania Ave, Fort Washington, PA 19034 (215-646-4637). The instructor will be Robert J. Luciani, ASA.

The four-hour Collection & Verification of Residential Data in the Sales Comparison Approach Class is required of all Licensed Pennsylvania and New Jersey Real Property Appraisers before the next license renewal. The class is based on Valuation Advisory #8 from the Appraisal Practices Board of The Appraisal Foundation.

Please register early for this mandatory class which qualifies for four (4) hours of Continuing Education (CE) Credit for Pennsylvania and New Jersey Licensed Appraisers.

Tuition for the course is $75.00, which includes course materials and a Continental Breakfast. Please complete the Registration Form and mail it with your check for $75.00 to ASA Philadelphia Chapter, c/o Blythe Kelly (609-502-4037), 135 Wells Rd, Doylestown, PA 18901. Seating is limited so please reserve ASAP.

January Breakfast Meeting: Appraiser Fraud & ASA News

The January Breakfast Meeting will be held on Wednesday, January 21, 2015 at 8:00 am at the Doubletree Guest Suites in Plymouth Meeting, PA. The guest speaker will be Gary Snowdon, ASA. Mr. Snowdon is the new Region 1 Governor and Principal Appraiser at the Albany, NY firm of Snowdon Valuation. He will talk about “Appraiser Fraud” and also about “Recent ASA Activities.”

Gary Snowdon, who received his B.A. in Education from William Paterson University and earned a Graduate Certificate in Public Management from Rockefeller College, SUNY Albany, has over 20 years experience appraising commercial and industrial real estate.  He specializes in complex commercial, industrial, and vacant land appraisals in the Hudson Valley, Capital, Saratoga, and Adirondack regions for finance, litigation support, estates, eminent domain, conservation, and other purposes.

Mr. Snowdon has served as an Appraisal Consultant to the NYS Department of Transportation and as a Regional Advisor to the NYS Secretary of State.  A NYS Certified Appraisal Instructor, he has developed and taught courses and seminars for ASA, the National Association of Independent Fee Appraisers and the Appraisal Institute. He currently serves on the ASA Real Property Committee (Education Chair), and the NAIFA Education Committee. He has also contributed to books and journals on real estate topics and writes The Snowdon Report.

Please register early for this educational and informative breakfast meeting which qualifies for 2 hours credit toward ASA reaccreditation..

The Breakfast is FREE for ASA Philadelphia members and $25 for guests. Family members, colleagues, and associates are welcome! To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by January 16 to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

May Meeting: Assessing the Citywide Reassessment

The May Chapter Meeting will be held on Thursday, May 9, 2013 at the The Corinthian Yacht Club of Philadelphia, 300 W 2nd St, Essington, Pa 19029 (610-521-4705).  Please note the special venue! The Board of Directors will meet at 5:00 pm; all ASA members are welcome. The general meeting starts at 6:30. The guest speakers, both from the City of Philadelphia’s Office of Property Assessment. will be Deputy Administrator Michael Piper, CPE, and Deputy Director Kevin Keene.

Michael Piper will revisit "Assessment Issues and Property Taxes" in light of the recent citywide reassessment in Philadelphia. Mr. Piper, who earned his MBA at Temple University, is a member of the International Association of Assessing Officers, and the Assessors Association of Pennsylvania, where he has served as President of the Southeast Chapter, and as Chairman of the Editorial Board of the AAP Journal. A Certified Pennsylvania Evaluator since 1995, he has worked at the Office of Property Assessment and former Board of Revision of Taxes for over 20 years.

Kevin Keene will examine the "Methodology of Citywide Reassessment," describing in lay terms the nuts and bolts of Mass Appraisal. Mr. Keene, who took his B.A. at Clark University in Worcester, MA, has worked at the Office of Property Assessment since 1991. As the Residential Administrator for the past two years, he is responsible for the statistical models used to estimate market values. He created the Mass Appraisal system now in use and has directed five major reevaluations for the City.
 
Both speakers will take questions after their talks, which are sure to be of interest to members professionally, as appraisers, and personally, as citizen taxpayers.

Please register early for this educational and productive evening which qualifies for 2 hours credit toward ASA reaccreditation.

Dinner is $35 per person for members and guests. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Monday, May 5, to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

NOTE: Appraisers attending this Meeting may also be interested in the 2-Hr. Pennsylvania Appraisal Law Course sponsored by the ASA Philadelphia Chapter and held on the same day, in the same location, before the Meeting from 4:00 to 6:00 pm.

November Meeting: Multidisciplinary Appraisers Roundtable

The November Chapter Meeting will be held on Wednesday, November 18, 2009 at Johnnie’s Italian Restaurant, 4201 Comly Street, Philadelphia, PA 19124 (215-533-9920).. The Board of Directors will meet at 5:00 pm; all ASA members are welcome. The general meeting starts at 6:30 and will consist of roundtable discussions, led by senior appraisers in each discipline, of current issues and future directions.

Real Property led by Robert J. Luciani, ASA

• USPAP Revisions effective January 2010
• Home Valuation Code of Conduct: Unintended consequences; myths and realities
• Fannie Mae 1004MC Market Conditions form
• Broker Price Opinion: purpose, function, and use

Personal Property led by Susan M. Golashovsky, ASA

• Digital Signatures: Methods and responsibilities ( with handout)
• Art Advisory Panel's "Preferred Item Format ..."

Machinery & Equipment led by Charles C. Dixon, ASA

• Fair Value under 141R
• Orderly liquidation value
• Auction value
• Bank financing

Gems & Jewelry led by David M. Rosen, ASA

• FMV research and reporting
• Finding and evaluating comparables
• The Paths to professional advancement

Business Valuation led by Andrew M. Wilusz, ASA

• Cost of capital
• Marketability vs. Liquidity
• Guideline companies
• Financial reporting

The roundtable discussions are sure to be of interest to all ASA appraisers. Please register early for this educational and productive evening which qualifies for one hour of ASA Continuing Education Credit.

Dinner is $35 per person for members and guests. Make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Sunday, November 15 to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

March: Real Property Seminar

The Northern New Jersey Chapter of the American Society of Appraisers and the New Jersey North Chapter of the National Association of Independent Fee Appraisers will jointly sponsor a two-hour Real Property Seminar on The Home Valuation Code of Conduct and Fannie Mae Form 1004 MC. The seminar will be held on Monday, March 23, 2009 from 4:00-6:00 pm at the Wilshire Grand Hotel, 350 Pleasant Valley Way, West Orange, NJ 07052. Robert J. Luciani, ASA, IFA, a real property appraiser practicing in Philadelphia, will conduct the seminar, which will be followed by a Chapter Dinner Meeting.

The housing bubble and subsequent melt-down has led to two new requirements for appraisals submitted to the federal mortgage agencies.

• The new Home Valuation Code of Conduct (HVCC), effective May 1, 2009, applies whenever the primary lender plans to sell the loan to Fannie Mae or Freddie Mac. It's designed to prevent conflicts of interest.
• Beginning April 1, 2009, appraisal reports submitted to Fannie Mae will require Form 1004 MC, a Market Conditions Addendum. Its purpose is to illuminate neighborhood market trends and conditions.

Mr. Luciani will explore the HVCC and 1004 MC requirements and relate them to current USPAP obligations for appraisers.

The program qualifies for two hours of ASA Continuing Education Credit. Dinner is $35 person. Please RSVP Chapter Secretary Lynn Magnusson, AM by phone (973-425-1550), fax (973-425-1553) or email, and mail her your check payable to "ASA Northern New Jersey Chapter 73" by Monday, March 16.