The Impact of Short-Term Rentals (Airbnb, Vrbo, HomeAway on Real Estate Valuation

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Notes

Cancellation Policy

Cancellations/Refunds:  Requests for cancellations must be received in writing at the chapter office.  Confirmed students should not assume that cancellation has been granted until a confirmation has been received.  Direct your email requests to:  Lauren@eflai.org  

Cancellation Policy:

• Up To 15 days prior to program start date, $25.00 cancellation fee
• 7 - 14 days prior to program start date, $50.00 cancellation fee
• Less than 7 days prior to program start date, forfeit of payment.

Additional Information

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 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.

 

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.

 

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

Disclaimer Information

• If anyone would like to try and get credit by reciprocity in a state where this was not approved, you'll need to turn in a certificate from one of the states where this class IS approved along with the attached outline and ask the state for "credit by reciprocity". 

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.