Calendar

Approved for 2 CE hours (10 points) by the Appraisal Institute and submitted to the the New Jersey and New York Real Estate Appraiser Boards.

Topic 1: How connected are interest rates and multifamily cap rates? A look at multifamily cap rate trends during economic turbulence, 9:30 – 10:30 am

• Historical fed rate hikes and their impact on multifamily cap rates
• Cap rate trends over the past three years in each state/region
• Impact of interest rates on investment and transaction activity
• Disconnect between pace of changing interest rates and cap rates
• Connection to real estate liquidity and buyer pools
• Other macroeconomic factors including supply and demand, rent growth and vacancy, cost of operating expenses, demographic trends, and investor expectations
• Trend predictions

Topic 2: Solar development’s impact on adjacent residential and agricultural land values, 10:30 – 11:30 am

• Solar Development has skyrocketed over the past 10 years, and with the Inflation Reduction Act, more solar fields are being proposed and constructed than ever before
• This development tends to be predominate in rural and exurban areas, where the cost of land is low and agricultural land owners are excited about high land lease rates
• For the last 8 years, CohnReznick has studied solar development’s impact on adjacent residential and agricultural land values, using techniques and methodology direct from Randy Bell’s Real Estate Damages textbook
• CohnReznick has researched and analyzed several academic studies; called and interviewed nearly 100 assessors with solar in their counties; has developed specific studies in 17 states using paired sales analysis, before and after appreciation rate analysis and interviewed brokers who have sold real estate adjacent to operating solar farms

20th Annual Fall Conference

Approved for 7 CE hours by the New Jersey State Board of Real Estate Appraisers.

Approved by the New York State Board of Real Estate Appraisers for 7 hours

Approved by the New Jersey Insurance and Banking Board for Realtor Broker 7 CE elective hours.

Approved by the the New Jersey Tax Assessors Board for Administrative 1.5 hours and 5.5 Appraisal Hours.

Pennsylvania Appraisal Board accepts programs approved by the NJ Appraisal Board.

Fall Conf 2024-Brochure

This class is being held from 9:00 am – approximately 5:00 pm Eastern Standard Time.

You will receive a Zoom link the week of the class.

Virtual Meeting Requirements to get CE:

• Students must have webcam/iphone/ipad/smartphone capability 100% of the program to participate and receive continuing education credit. The platform will be interactive and live. The instructor must be able to physically see and interact with all students and students must be able see and interact with the instructor.
• If you have not taken a class or attended a meeting previously with the chapter, you must send a copy of a picture ID, which can be your driver’s license with all details blacked out except the name and picture emailed to the Chapter office as verification after you have registered for the offering and prior to the offering start date.
• You cannot take virtual education from a vehicle; you must be able to see the presentation, be seen and respond if necessary.
• If you are using your Ipad/Iphone/smartphone please download the ZOOM app prior to offering.
• Please check your webcam privacy settings on your computer.

Check state approvals before registering to make sure the states you are licensed have approved the course/seminar and allow Virtual education in place of classroom education during the pandemic.

Registration includes a download of the 2024-2025 Student Handbook and the Reference book. If you want a printed copy of these materials you will need to choose materials when you register for $15 plus shipping.

You will need to purchase the updated USPAP book when it is available from the Appraisal Foundation, www.appraisalfoundation.org.

Installation presentation: Russell K. Sterling, MAI, AI-GRS

Installation of the 2025 Chapter President, Katherine Tantinan, MAI and the 2025 Board of Directors:

Daniel Webb, MAI – Vice President

Erin Taffera, SRA, AI-RRS – Treasurer

George Sopko, MAI – Secretary

Board Members:

Andrew Beltran

Tammy Bucior

Paul Colella

Nicholas Couzzi

Thomas Grouss, MAI

Stephen Puccio

Karan Shah, MAI, AI-GRS