Appraising Environmentally Contamined Properties

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AI Price: $110.00
Full Price: $130.00

Notes

Cancellation Policy

1 week prior - $10 cancel fee

Day of seminar - forfeit of payment

Additional Information

Seminar Description: Stan Sidor, MAI, AI-GRS, CRE will present a detailed overview of valuation methods and case studies outlining the complex nature and valuation of environmentally contaminated properties. Mr. Sidor is Senior Vice President, Manager and Shareholder at Kidder Mathews in Tacoma, Washington. Stan has 50 years of combined real estate and banking experience, including 33 years as a real estate appraiser. In addition to valuation analysis and consulting, Stan has experience in property and asset management, leasing, sales, loan underwriting and credit approval.

Learning Objectives:

• Understand types of contamination
• Understand different levels and types of risk
• Understand what constitutes stigma and why it’s important
• Learn why beginning with unimpaired value is important
• Learn how to calculate or estimate diminution in value
• Learn the different types of remediation costs
• Understand where a property is in its remediation lifecycle and why it’s important in H&BU and valuation of a property
• Learn what are “use effects”
• Learn the different types of sites, how to differentiate, and why
• Learn what is a “non-source site”
• Learn about adjacent and proximate sites, and why important to know
• Learn what the social and economic impacts are of contamination and cleanup
• Learn the key types of contamination
• Learn how to find out if a property is contaminated
• Learn to differentiate different extents of contamination
• Learn about different types of cleanups
• Lean who is liable for contamination and cleanup and some defenses to liability
• Learn some tools to shift liability, and how to assess liability and risk
• Learn about the methodology used in appraising contaminated properties
• Identify how to address HBU analysis for contaminated properties
• Learn why to begin with the value as if clean
• Learn how to account for and qualify stigma/risk

Class Schedule:

Login and Roll Call: 12:30 – 1:00 PM ET

Class Instruction: 1:00 – 5:00 PM ET

Disclaimer Information

Please note: This class will be held by live stream /synchronous interactive classroom technology via Zoom.  Students are required to have a computer, webcam and microphone.  It is the student’s responsibility to have the required equipment to participate and receive continuing education credit.

 

Live stream/Synchronous Classroom Guidelines:

• Students must have a computer, webcam and microphone capabilities to participate and receive continuing education credit.

• The instructor must be able to physically see and interact with all students and students must be able to interact with the instructor.

• A copy of your driver’s license must be emailed to the Chapter Office as verification after you have registered and prior to the start date.

• You will receive a separate email from the chapter office with log-in access information.  Please contact the chapter office if you have any questions regarding the participation guidelines.

• Class materials will be emailed to you prior to the class.

 State CE Credit: This is a live stream/synchronous class and is only approved for Florida Real Estate Appraisal Board and Appraisal Institute continuing education credit.  For other states, you should determine current education approval and requirements.

 

Continuing Education Credit:

Appraisal Institute: 20 points

Florida Real Estate Appraisal Board:  4-Hours, pending – live stream/synchronous – Region X of the Appraisal Institute

 

National Disclaimer

This Educational Program was developed and organized by the Appraisal Institute Chapter offering the Program with the intent of addressing topic(s) of current local interest solely for educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program.

The content of this Program, including but not limited to any written materials and presenter comments, does not represent the viewpoint of the Appraisal Institute (defined as including but not limited to, the national organization, its Regions, Chapters, members, candidates, affiliates and staff) unless formally adopted by the national Board of Directors. Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program. The content of the Program is subject to court decisions and local, state and federal laws and regulations and any such revisions of such laws and regulations.

This Program is presented with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting or other professional advice or services. Nothing in the Program is to be construed as the offering of such advice or services. If expert advice or services are required, attendees and readers are responsible for obtaining such advice or services from appropriate professionals.