Becoming Proficient in Fractional Interest Valuation

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ABOUT THE SEMINAR:

This seminar is about real breakthroughs in fractional interest valuation, as well as fundamental keys to successful multidisciplinary valuation assignments. It offers the appraisers who have a foundation in the income approach everything they need to understand, communicate and execute fractional interest valuations, and prove their worth against the coming threats of AIs and AVMs. We already know how to ask the right questions in our designated valuation discipline. This seminar provides the key to effective multidisciplinary valuation, which is to be able to ask the right questions in the other discipline. All the resources you need to accomplish this are available to you in this eye-opening 7-hour seminar.

Learning objectives

 

• Learn to ask the right questions, regardless of your disciplinary expertise.
• Incorporate the facts and circumstances of the case in your story of value.
• Discover how you can fit the scope of your work to your client’s needs.
• Become proficient in fractional interest valuation.

 

Attendees will have everything necessary to add fractional interest valuation to their real property practice, or to support their existing valuation practice with essential fact check- lists and supplemental models.

INSTRUCTOR/DEVELOPER

Dennis A. Webb, MAI, ASA, FRICS, is a business and real estate appraiser, former syndicator and engineer. Webb is the principal of Primus Valuations® a specialty valuation and litigation consulting firm with offices in Los Angeles and Denver. Webb’s practice is focused on the business of holding and operating real estate, allocating value to special-use real estate, and business valuation. His passion is bringing understanding, clarity, collaboration and technology to bear on valuation of hard-to-value asset interests. His mission has resulted in numerous articles and presentations for valuation professionals, law- yers and property owners. His most recent work is the definitive “Valuing Fractional Interests in Real Estate 2.0,” a complete upgrade of the valuation process for LLC, LP and common tenancy interests. He has also developed the online “PrimusPVX, your Partner Value Expert,” the first-of-its-kind fractional interest valuation application. A native of Los Angeles, Dennis now lives in Denver, Colorado, and enjoys writing, hiking, traveling and dancing Argentine Tango (not necessarily in that order).

Additional Information

CLASSROOM LOCATION:

Atlanta REALTORS Center, 5784 Lake Forrest Drive, Atlanta, GA, 30328

CLASS SCHEDULE:

November 9, 2023

• 7:45 a.m. – 8:30 a.m. – Check-In 
• 8:30 a.m. – 4:30 p.m. – Class Instruction
• 12:00 p.m. – 1:00 p.m. – Lunch *

 

*A deli lunch is provided.

 

ATTENDANCE POLICY:

To receive AI and State credit, 100% attendance is required for all Appraisal Institute education programs.

 

CONTINUING EDUCATION APPROVAL:

This seminar offering is approved for 35 AI CE Points.  The Georgia Real Estate Appraisers Board has approved 7 hours of CE credit. 100% attendance is required for credit.

 

PRE-CLASS READING MATERIAL:

Holy Grail or Can of Worms?” LinkedIn, April 22, 2022

https://www.linkedin.com/pulse/holy-grail-can-worms-dennis-a-webb-asa-mai-frics/

 

“Inside vs Outside — Combining BV and RP Worldviews in Partnership Valuations, Part 1,” LinkedIn, January 4, 2022

https://www.linkedin.com/pulse/inside-vs-outside-combining-bv-rp-worldviews-part-1-dennis-a-/

 

“Inside vs Outside — Combining BV and RP Worldviews in Partnership Valuations, Part 2,” LinkedIn, January 8, 2022

https://www.linkedin.com/pulse/inside-vs-outside-combining-bv-rp-worldviews-part-2-dennis-a-/

 

“Goldilocks and the Critical Importance of Time,” Dennis Webb’s Multidisciplinary Guidance & Insights Newsletter #1, June 22, 2021

https://www.linkedin.com/pulse/goldilocks-critical-importance-time-dennis-a-webb-asa-mai-frics/

 

“Valuing Fractional Interests in Real Estate 2.0.” (Milonguero Press, Los Angeles 2021). The definitive textbook on approaches and methods for valuing fractional interests in LLCs, LPs and common tenancy. Use discount code ATL2023.

https://www.primusivs.com/book-page

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 students. 

 

Americans with Disabilities Act (ADA):

It is the policy of the Appraisal Institute to provide reasonable accommodations for qualified persons with disabilities who are participating in Appraisal Institute Educational Programs.  If you need accommodations to participate because of a disability; please notify us in writing at least two weeks in advance of the program and we will arrange for reasonable accommodations.

COVID WAIVER

By attending and registering for this Appraisal Institute Region event, you acknowledge that travel and gathering may result in the contraction and spread of communicable disease, including COVID. You agree that the Appraisal Institute and its agents are not responsible for any liability arising from the contraction or spread of communicable disease arising from your attendance at the event. 

 

ENROLLMENT CANCELLATION POLICY:

If a student wishes to cancel enrollment, 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 15 days prior to the program start date, $25 cancel fee
• 3-14 days prior to the program start date, $50 cancel fee
• Less than 3 days prior to the program start date, no refund will be provided

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.