Impact of Short-Term Rentals on Real Estate Valuation (LIVESTREAM)

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Notes

EARLY BIRD RATES EXTENDED!! 

Early Bird  - $185/$199 (AI Price/Full Price)

 

LIVESTREAM Event via Zoom.  Registrants will receive an email with the Zoom Login Access information by end of the business the day before the event.

Cancellation Policy

With written requests postmarked more than 14 days prior to seminar, refunds will be granted less a $30 cancellation fee.  For written requests postmarked 7 to 14 days prior to event, an $50 cancellation fee applies. Cancellations 6 days or less prior to the seminar and “no shows” the day of the event will forfeit payment.

 

Transfer Policy

With written requests postmarked before the start of class, transfers to the other format of the same chapter offering will be granted with a $30 transfer fee. 

Additional Information

Who Should Enroll

·         General appraisers

Seminar Description

The sharing economy is impacting our global economy and continues to evolve. Part of that 21^st 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.

Short‐Term Rentals and the Impact on Valuations is a seminar 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.

The methods included in this seminar are not to be considered the standard rule for all appraisers, a “rule of thumb”, or even an established technique to solve the problem. The methods included are designed to use recognized methods and techniques understood by all appraisers for STR’s. However, by applying the basic principles and procedures, particularly with Highest and Best Use, the results should be credible and able to be replicated by market participants.

This seminar is self‐contained and all mathematical demonstrations are included. We do not have standalone Excel worksheets or other downloads.

 

Learning Objectives

At the conclusion of the seminar, participants should be able to:

 

o   Recognize properties that are the subject of valuation that have the potential to be short‐ term rental properties;

o   Discuss appraisal projects with clients in order to properly develop a Scope of Work;

o   Derive a highest and best use analysis to properly set up the valuation methodology and valuation techniques to be employed in the appraisal;

o   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;

o   Properly value a short‐term rental property and apply a test(s) of reasonableness.

 

 

Virtual Classroom-Live/Interactive Participation Guidelines: 
Students must have computer, webcam & microphone capability to participate & 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 already sent one in for a previously attended Ohio Chapter offering, a copy of a photo ID (driver's license; passport; ID with photo & name) MUST be emailed to the Chapter office as verification after you have registered for the offering prior to the offering start date, but no later than the start of class. Only your name and photo are needed.  Please feel free to redact any personal information before sending.

Only those students who provide the photo identification and “properly attend” the program in its entirety (face being visible at ALL times during class presentation and like mannerisms as if the class was held in-person) will receive full CE credit and a certificate of completion. Attendance will be taken at various times throughout the event.

 

 

You do not need a paid account with ZOOM to participate. You will receive a separate email from the Chapter Office with log-in/access information. 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.

 

 

 If you are not familiar with Zoom, please review a few video tutorials  HERE prior to the meeting.

 

If you have a Lenovo laptop, you must have the Lenovo Vantage App installed on your computer for the webcam to work. 

 

It is important to note that the AI educational programs that may be offered by Livestream (virtual) delivery *ARE NOT* approved in every state. Some states DO NOT allow livestream (virtual) education.  ALL participants MUST check state approvals prior to registering for any chapter offered Appraisal Institute program.

 

 

Check state approvals before registering to make sure the states you are licensed have approved the seminar and allow Livestream (Virtual) education as well as classroom education. 

 

Contact the chapter with questions regarding participation guidelines: nancy@aiohio.org  

Seminar Materials
Materials will be emailed to you prior to the seminar. 

 

Seminar Schedule
*Login Access: 5/24/23: 7 a.m. CDT
                         5/24/23: 8 a.m. EDT

                          5/24/23: 6 a.m. MDT
                          5/24/23: 5 a.m. PDT

Welcome, Roll Call & Class:  5/24/23: 7:30 a.m. – 3:30 p.m.  CDT
                                                     5/24/23: 8:30 a.m. – 4:30 p.m.  EDT
                                                     5/24/23: 6:30 a.m. – 2:30 p.m.  MDT                                                                                                                                             5/24/23: 5:30 a.m. – 1:30 p.m.  PDT

**Lunch: One Hour

Classroom Hours
7 Hours

Livestream (Virtual) CE Credit Approvals
Appraisal Institute: 35 Points
OH Appraisal Board: 7 hours
Ohio Real Estate:  7 Hours
IN Appraisal Board: 7 hours
KY Appraisal Board: 7 hours
WV Appraisal Board: 7 hours

Attendance Policy

The Appraisal Institute, AQB, and OHLB require full attendance (100%) at the seminar.  If the attendance roster reflects less than 100%, it could/will show up on the roster submission to the states.

 

Tuition Includes
Seminar handbook

 

Instructor
Jason Ferris, MAI, SRA of Louisville, KY

Disclaimer Information

Special Note
Enrollment is on a first-come, first-served basis. The Ohio Chapter reserves the right to cancel this Seminar if the minimum enrollment level is not reached.

National Disclaimer

This Educational Program was developed by an outside party. The Appraisal Institute Chapter made arrangements for the Third-Party to offer the Program with the intent of addressing topic(s) based on a certain chapter or local need for such topic, solely educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program and does not endorse the Program or its content.

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 Appraisal Institute does not publish examination review materials. 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.