Description:
Working within the context of the 10th Edition of the Guide for Plant Appraisal, this two day workshop gives an overview of the appraisal process and provides an opportunity to practice in the field. Participants will review common mistakes and refine their craft as appraising arborists. Participants will learn about some of the key changes from the 9th to the 10th edition and apply the techniques in the field and in case studies.
The first portion of the workshop is a lecture that discusses the primary components of the Trunk Formula Technique (TFT) and a short history of the changes made from the 9th Edition to the 10th Edition. Participants then divide into groups and appraise several trees using TFT. The class will reconvene and discuss the results.
The second day begins with an explanation of the concept of anchoring and how to evaluate the reliability, accuracy, and precision of data points. It explores methods of appraising partial loss, diminution of market value, percentage contribution, and net present value. Next, participants have an opportunity to reconcile different possible methods as they are applied to a given assignment. Participants, through a series of case studies, practice using the different appraisal methods and defending their conclusions.
Schedule
Location: Idaho State Museum, 610 Julia Davis Drive, Boise, ID 83702
DAY ONE - December 2, 7:30am - 3:30pm
7:00am: DOORS OPEN
7:30am-9:00am: INTRODUCTION TO APPRAISAL
Uses for Appraisal
Short history of appraisal
Changes from the 9th to the 10th
Terms and concepts in the 10th to more closely align with the appraisal industry
Approaches for Appraisal
Field Equipment for Appraisal
Introduction to Appraisals for Insurance and Law
Ethics in Appraisals
9:00-9:15am 15-minute COFFEE BREAK
9:15-11:30am: TRUNK FORMULA TECHNIQUE
Trunk Area
Unit Cost
Condition Rating
Functional and External Limitations
11:30am-12:00pm: LUNCH BREAK (lunch will be provided)
12:00pm – 2:15pm: FIELD WORKSHOP
Practical application of classroom topics
Group work - Measure and rate trees
Independently appraise trees
Discuss results as a group
2:15-2:30pm: 15-minute COFFEE BREAK
2:30-3:30pm: CONCLUSION
Combine final results from each group
Discuss lessons learned from field workshop
3:30pm: CEUs sign-in
DAY TWO - December 3, 7:30am - 3:30pm
7:00am: DOORS OPEN
7:30am-9:00am: INTRODUCTION TO ANCHORING
Importance of anchor values
Credibility and relevance
Defining the assignment
Data collection
9:00-9:15am: 15-min COFFEE BREAK
9:15am-10:30am: COST APPROACH TO APPRAISAL
Trunk Formula Technique
Partial Losses
Cost of Repair
Cost Forwarding
Discounted Cash Flow
10:30am-11:30am: MARKET AND INCOME APPROACHES TO APPRAISAL
Direct Sales Comparison
Contributory Real Estate Value
Direct Income Approach
Net Present Value
11:30am-12:00pm: LUNCH BREAK
12:00pm-2:15pm CASE STUDIES AND GROUP DISCUSSION
2:15-2:30pm: 15-minute COFFEE BREAK
2:30-3:30pm: CASE STUDIES AND GROUP DISCUSSION
3:30pm: CEUs sign-in
Instructor
James Komen is a Board Certified Master Arborist and Registered Consulting Arborist. He has been published in two academic journals, presented at the ASCA and ISA Annual Conferences, and taught and co-taught multi-day training courses on tree risk assessment and tree appraisal. High energy and excitement define his teaching philosophy. While concepts, terms, and definitions are clearly demarcated in class, he emphasizes not only getting the "right" answer, but providing adequate justification.
Registration:
https://pnwisa.org/event/tree-appraisal-techniques/