Wisely Appraising Intangibles

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Notes

REGISTRATION IS CLOSED.

Location

Zoom Live Videoconference

Schedule

• Zoom Check In  (12:00 p.m. - 1:00 p.m.)
• Class - (1:00 p.m. - 4:00 p.m.)

Seminar Description

Sometimes the assignment is to appraise a C-Store or a full-service hotel or a veterinarian clinic wherein the enterprise is a going concern and the real estate has relatively little adaptive reuse. Sometimes the law and/or the lender requires you to separate the intangibles from the dirt and brick and mortar. This is an introductory 3-hour seminar on separating intangibles from real estate and other tangible assets. It includes definitions, topic significance, authorities, and business appraisal methodology.

Learning Objectives

• To familiarize appraisers with current thinking about certain assets claimed to be intangible personal property and not taxable as real property according to Georgia law.
• To lay a foundation for appraisers to anticipate and respond to objections from tax assessors and lenders who must focus on tangible assets rather than the value of a going concern.
• To gain a brief exposure to professional societies who have written materials on the topic.
• To review relevant definitions of terms and concepts.
• To provide an example of a real property type, a convenience store, which contain intangible assets and identify what those assets may be.
  
• To introduce methodologies for appraising these assets, both real and personal (intangible), drawing from the teachings of both real property and business appraisers.
• To identify sources of data useful in non-real estate appraisals.
• To identify sources of personnel who can be called upon to affiliate with real estate appraisers and provide needed competence.

Instructor & Seminar Developer

Henry "Hank" J. Wise, MAI, CBA/BVAL, Forensic Valuation Consultants, LLC

IMPORTANT: This seminar is approved by the Georgia Real Estate Appraisers Board. If you are seeking credit for this Atlanta Area Chapter developed offering from a state outside of GEORGIA, check directly with your state licensing board(s) - before registering - to make sure that they will (1)  accept programs from an out-of-state provider and / or (2) offer reciprocal credit with the GA Real Estate Appraisers Board.  Note: Some states (outside of GA) have reporting requirements or approval processes for which the Atlanta Area Chapter cannot comply.

Continuing Education 

The Appraisal Institute has approved this chapter developed seminar for 15 AI Points. The Georgia Real Estate Appraisers Board has approved 3 hours of continuing education credit toward the renewal of Georgia Real Estate Appraisal classifications and Real Estate Sales/Broker classifications.  100% attendance is required for credit and will be monitored throughout the class time.

Attendance Policy

To receive AI and State credit, 100% attendance of classroom time is required. 

• attendance will be monitored throughout the day, via webcam and zoom chat roll call
• students are required to be visible (live) on the virtual platform during the entirety of the seminar
• instructor may direct questions to each student in the morning and afternoon

 

Important: Please have your photo ID ready at the start of class. To expedite check-in, we will view all attendees’ IDs at the same time and take a screenshot. We recommend covering private information on your ID except your full name and photo.  

Required Equipment & Technology

• basic free Zoom Application software (https://zoom.us/pricing)
• reliable internet connection
• computer, iPad, or tablet
• web camera (built into laptop computer or external attachment)
• audio with speaker and microphone capability (built into your computer, headphone, or earbuds)

Cancellation Policy

If a registrant wishes to cancel registration, a cancellation notice must be submitted in writing via email stating the reason for the cancellation and his/her AI account # to sbrockway@aiatlanta.org.

Enrollment Cancellation Fees:

• Up to 3 days prior to the program start date, $25 cancel fee
• Less than 3 days prior to the program start date, no refund will be provided
  

Additional Information

New to ZOOM?

If you are new to ZOOM or need a little refresher, please take their FREE tutorial How to Join a Zoom Meeting. 

Virtual Classroom-Live/Interactive Participation Requirements 

• Students must have a reliable internet connection, computer (or tablet), web camera, audio (speaker and microphone) capability to participate and receive continuing education credit.  
• Your webcam must be on at all times with you in front of it.  Check your webcam privacy settings and allow the Zoom software to access it. If you have a Lenovo laptop, some participants have noticed that they need to install the Lenovo Vantage App on their computers for the webcam to operate.
• Attire – full proper clothing is required throughout the entire program.
• A paid Zoom account is not required to participate; however, you need to sign up for the free basic Zoom account/ application (zoom.us) and install the app prior to the seminar start date.
• The Zoom platform will be interactive and live. The instructor must be able to see and interact with all students and students must be able see and interact with the instructor.
• Students must be in a location that allows for their full attention and interaction.
• A copy of your driver's license must be emailed to the Chapter office as verification of your identity after you have registered for the seminar and prior to the start date.
• Registrants will receive a separate email from Suzanne Brockway, 24 hours before class, with Zoom login information. 

 Contact the chapter office if you have any questions regarding the participation guidelines, at sbrockway@aiatlanta.org.

Virtual Education Exception

Please note that not all states have approved Virtual education, therefore, registrants MUST CHECK their individual states for approval BEFORE registering for the Program. Before registering for the Program, registrants understand and agree that continuing education credit for this program MAY NOT be available in their state on the date of the Program. The Appraisal Institute is not responsible if credit is not available for the Program in individual states. Please note: State exceptions for virtual education may expire PRIOR to the offering date

Disclaimer Information

Registration is on a first-come, first-served basis. If the program is filled, e-mail sbrockway@aiatlanta.org to be placed on a waiting list.   The Atlanta Area Chapter of the Appraisal Institute is not responsible for registrants' non-refundable airline reservations, lodging, or other expenses incurred by the participant.  If you have a disability and require accommodation, please notify the Chapter office at least two weeks in advance.  We will arrange for reasonable accommodation.

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.