Spotlight on Continuing Professional Development
FEED YOUR FUTURE
with CPD FRIDAYS
T he UBC Real Estate Division continues its series of live, online, web-
based seminars or webinars on Friday, December 4, 2009, from 8
am-10 am Pacific time (11 am-1 pm Eastern time). These CPD Fridays
webinars consist of a two-hour presentation with an expert instructor,
who will present an interactive online classroom session and answer any
questions you may have. By attending the session and completing two
There are various methods of decision-making, some informal and some
formal. For example, following intuition or a ‘rule of thumb’ can be perfectly
appropriate in some circumstances. Other situations may need a more
systematic analysis of alternatives that best align with the client’s objectives
– this more formal process is termed ‘decision analysis.’
The first step in decision analysis is to frame the decision, getting to the
hours of pre-reading on your own, you will receive four AIC CPD credit hours. heart of exactly what problem your client actually needs to solve. Once the
There is no quiz or exam required to receive these credits. decision is framed, then decision analysis techniques can offer a systematic
In this article, we highlight two upcoming webinars in the UBC Real approach to making better decisions — ‘better’ in the sense that they
Estate Division’s CPD Fridays series – Feed Your Future! are based on logic, consider all available data, and evaluate all possible
alternatives, generally with some form of quantitative approach.
cpD 111: Decision Analysis Decision trees are one example of a tool that helps clients better choose
– Making better real property Decisions between a number of complex alternatives. Decision trees help answer the
Presented December 4, 2009 by Bruce Turner, AACI, P. App following questions:
• What are the key uncertainties?
This course is the second in a series of three professional development • What are the possible outcomes of these uncertainties?
courses adapted from the UBC Real Estate Division’s BUSI 460 course: Critical • What are the chances of occurrence of each possible outcome?
Analysis and Forecasting in Real Estate. • What are the consequences of each outcome?
The first course in this series, CPD 110: Creative Critical Thinking - It is crucial to understand key factors in uncertain events and to estimate
Advancing Appraisal to Strategic Advising, establishes the creative critical the likelihood and consequences of various possible outcomes. In doing so,
thinking foundation necessary for effective client service in real estate the decision maker must always question potential influence of bias or other
consulting. CPD 111 advances this further, helping appraisers move from decision-making traps.