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Location: Synchronous, FL
- Sponsor:
- Florida Gulf Coast Chapter
- Contact:
- Mrs. Wade
- Phone:
- (813)962-4003
- Email:
- Kourtney.Wade@appraisalinstitute.org
- Website:
- http://www.gulfcoastai.org/
- Name:
- Virtual Classroom
- Address:
- Virtual classroom
Synchronous, FL
- Speakers:
- Ferris, MAI, SRA, Jason
- Notes:
- This class will be held via ZOOM. Class size is limited due to the virtual format.
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Up to 2 weeks before - $15 cancellation fee 2 weeks to one day before - $25 cancellation fee Day of class - forfeit of payment
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Thursday, January 18, 2024 (12:30 – 5:00 PM)
The Impact of Short-Term Rentals (Airbnb, Vrbo, HomeAway)
on Real Estate Valuation, 4-Hours
Instructor: Jason Ferris, MAI, SRA
Live stream/Synchronous Continuing Education:
4-Hours. Please note this class is
only approved for Florida and Appraisal Institute continuing education credit.
$110
AI
$130
Full
Class
Schedule:
Login
and Roll Call: 12:30 – 1:00 PM
Class
Instruction: 1:00 – 5:00 PM
Seminar
Description:
The sharing economy is impacting our global economy and
continues to evolve. Part of that 21st Century sharing economy is
short-term residential rentals (STR’s). More and more often, appraisers are
having to value these assets for various purposes, which poses a challenge from
a valuation perspective, mainly in the area of highest and best use.
This seminar is designed to educate appraisers about the
global short-term rental market, improve the awareness of appraisers about the
impact of short-term rental units on the market, and discuss best practices to
value properties that are part-time or full-time short-term rentals.
At the conclusion of the seminar, participants should be
able to:
- Recognize properties that are
the subject of valuation that have the potential to be short-term rental
properties;
- Discuss
appraisal projects with clients in order to properly develop a Scope of
Work;
- Derive a
highest and best use analysis to properly set up the valuation methodology
and valuation techniques to be employed in the appraisal;
- Cite data
sources used by our appraisal peers for short-term lodging and how to
apply market information in the valuation of the subject property;
- Properly value a short-term
rental property and apply a test(s) of reasonableness.
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Please note: This class will be held by live stream synchronous
interactive classroom technology. 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, 0010617
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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. State CreditPlease note that 100% attendance is required in order to receive any approved state credit or to be awarded AI CE points. It is imperative that you check with your state board for state approval information before completing registration. Other InformationIf you have a disability and require accommodation, please notify the sponsor at least two weeks in advance for reasonable accommodations to be arranged. The Appraisal Institute reserves the rights to cancel, limit, or reschedule the program and to change instructor assignments and facility locations at any time.
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