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Location: Atlantic City, NJ
- Sponsor:
- Southern New Jersey Chapter
- Contact:
- Mrs. Weiss
- Phone:
- (856)415-0281
- Email:
- LisaMay.Weiss@appraisalinstitute.org
- Website:
- http://www.ai-snj.org/
- Name:
- Golden Nugget Atlantic City
- Address:
- Huron Avenue & Brigantine Boulevard
Atlantic City, NJ 08401
- Speakers:
- Dowling, Vincent
- Notes:
- Newport II Room
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Course
Description:
The program reviews the
underlying risk factors that impact all real estate and the role of equity when
acquiring and owning real property. Appraisal assignments generally seek to
value the whole property as of an effective date and practitioners use the methods
and techniques taught academically and gained while on-the-job. This program
will review factors that contribute to many factors including but not limited
to overall and yield rates. It views investments from both the lender and
equity investors positions.
While the various types
of risk will be discussed, tools used by lenders will also be reviewed. Salient
issues such as loan-to-value ratios, breakeven analysis, sensitivity need to be
addressed when valuing income producing property. While most of the program
will be relevant for the general practitioner, many risk issues are confronted
by residentially valuers.
This short program will
also focus on the role equity plays when evaluating the real property rights.
The program looks at the appraiser’s responsibilities as its pertains to the
role of equity under USPAP, Interagency Guidelines, and similar documents such
as Florida Statutes Title XXXII Regulation of Professions and Occupations which
are used to evaluate the reasonableness of an appraisal service.
Objectives
and Audience:
This program will
address risk and the importance of equity when analyzing a property’s market
value. The issue of risk, regardless of the type of property, should be
addressed early in an appraisal. Its ground work should be addressed in market
analysis and emphasized in each approach developed. Under the principle of
change, consideration of risk is essential.
The program’s audience
is expected to consist of field and review appraisers who perform residential
and general appraisal assignments as well lenders and other parties seeking
appraisal services. The program is flexibly designed to meet the needs of
attendees. The goal is better understanding of nuances that impact property
value and the corresponding equity position.
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.Any & all cancellations are subject to an admin fee. No credit/refunds for cancellations made on or after 10 days prior to
class. No credit/refunds for no-shows.
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Seminar is 1:30 - 4:30 pm. Includes lunch prior to the seminar and afternoon snack.
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CE APPROVED in NJ (reciprocal credits with PA and NJ tax Board) and DE and NY. Pending in MD. Early bird special pricing through August 1.
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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.
State Credit
Please 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 Information
If 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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