Event Calendar

Tuesday, April 12, 2022

Understanding Desktop & Hybrid Appraisals

Start Date: 4/12/2022 6:30 PM PDT
End Date: 4/12/2022 8:30 PM PDT


Organization Name: REAA

Contact:
Sacramento Chapter
Email: sacramento@reaa.org
Phone: (111) 111-1111

SB 9, The California Home Opportunity & More Efficiency Act (HOME Act)

Senate Bill 9 (SB 9, known as the HOME Act, is a significant piece of legislation that will impact residential zoning and redevelopment statewide. There are two parts of the bill that affects residential real estate:
1. The law allows for the development of two units on what is zoned for one-unit residential; or alternatively
2. The law allows for the one-unit residential lots to be split, with the possibility of developing up to two units on each of the newly split parcels.

It is critical for appraisers to understand the requirements and approval process under this new legislation, to adequately summarize a property’s zoning description (a legal characteristic under reporting requirements),  and to ensure the highest and best use analysis is appropriately developed and credible.  H&BU must be consistent with our client’s expectations and our scope of work requirements.

This course will present and discuss the following:

  • Review the text of the new regulation
  • Review under what circumstances the regulation can apply and what properties are excluded from SB 9 development
  • Discuss the two tracks of potential development:
    • SB 9 allows the development of a 2nd home on an existing lot under certain conditions. This 2nd home is not an ADU or JADU; the property effectively becomes a duplex
    • SB 9 allows the subdivision of an existing lot into two new parcels.
    • Depending on which track is feasible will also determine such things as owner-occupancy requirements and rental requirements
  • Discuss the importance of identifying how SB 9 might affect the subject in the zoning description
  • Discuss how to incorporate SB 9 into the H&BU analysis (H&BU cannot be addressed by simply checking a box!)
  • Review some of the challenges that may be present when a property has SB 9 development potential
  • Review the appraisal process to complete a residential construction loan 


And the end of the course, the attendees will have the knowledge and ability to evaluate SB 9 development potential to determine an assignment’s complexity and will know how to address the reporting requirements for most typical residential mortgage assignments.

This class is approved for 2-Hours of continuing education (CE) in CA only (BREA Approval 22CP986603120) and is approved for virtual learning by BREA.

Cost is $30 for members/$60 for non-members. Cancellation fees may apply.


Our instructor is Denis DeSaix, MAI, SRA.  Mr. DeSaix is the Principal and Chief Appraiser at Metrocal Appraisal with over 20 years of appraisal and consulting experience. Mr. DeSaix’s areas of expertise include complex appraisals, estate, and portfolio valuations, consulting and expert witness services for the general public, attorneys, CPAs, and mortgage lenders, review appraisals for banks and mortgage lenders, and forensic review work for attorneys and lenders. Denis is a designated member (SRA, MAI) of the Appraisal Institute. Denis DeSaix has been qualified as an expert witness for court testimony and has offered expert testimony for real property tax appeal hearings. He holds a Bachelor of Science Degree in Finance and is proud to have served as a United States Marine. Denis also served as president of the REAA East Bay chapter and the Northern California chapter of the Appraisal Institute. 

Online Registration

Registration is Closed
Closed: 4/11/2022 11:45 PM

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Event Cancellation

Cancellations will be accepted by email to info@reaa.org and must be dated and timed prior to the close of online registration.  Refund fees will apply and vary by event.  Refunds will be made to the original credit card used to register.

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