Complex Valuation

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Notes

Live stream/Synchronous Continuing Education:  7-Hours.  Please note this class is only approved for Florida and Appraisal Institute continuing education credit.

View additional offerings sponsored by the Northeast Florida Chapter

Seminar Description: Complex Valuation is a new course developed to give appraisers the skills to value both detrimental and beneficial conditions. The field of “complex valuation” involves the real estate characteristics that are “atypical.” (Federal Regulations Part 34.42.).

Many, if not most, valuation assignments involve a straightforward application of the cost, income and sales comparison approaches to value. However, frequently complex issues arise that involve either beneficial or detrimental conditions that can influence the value of real estate. For example, beneficial conditions might result in an increase in value, such as discovering minerals or oil on grazing land. Detrimental conditions could result in a diminution in value, such as natural disasters or environmental contamination.

As real estate appraisers, understanding these complexities helps in developing a credible opinion of value in these types of assignments. Although many complex issues are addressed throughout appraisal literature and coursework, they are not presented as a single framework. The purpose of the Complex Valuation course is to provide real estate appraisers with a comprehensive understanding of the topic and focus on these various property conditions and the valuation methodologies to address them.

Learning Objectives:

• Understand the distinction between beneficial and detrimental real estate conditions
• Become familiar with various complex valuation methodologies and approaches
• Identify established valuation methodologies in context with complex assignments
• Evaluate junk science and the techniques to avoid and rebut it
• Integrate conventional appraisal techniques with the complex valuation approaches
• Recognize the cost-use-risk effects from USPAP A0-9
• Relate the steps in the complex valuation process

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 the chapter office.

Cancellation Policy:

• Up To 15 days prior to program start date, $0.00 cancellation fee
• 7 - 14 days prior to program start date, $25.00 cancellation fee
• Less than 7 days prior to program start date, forfeit of payment

Additional Information

Instructors:

Randall Bell, PhD, MBA, MAI

Michael Tachovsky, PhD, MS

Class Schedule:

• Log-in and Roll Call:  8:30 – 9:00 am ET
• Class Instruction:  9:00 am – 4:30 pm ET
• Lunch:  30 Minutes

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 photo ID 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.

Disclaimer Information

State CE Credit:  This live stream/synchronous class is only approved for Florida Real Estate Appraisal Board and Appraisal Institute continuing education credit.  Students licensed in other jurisdictions should determine current education approval and requirements.

Continuing Education Credit:

Appraisal Institute: 35 points

Florida Real Estate Appraisal Board: 7-Hours, 0010500 - Live stream/synchronous - Region X

Attendance Requirements:

• Attendance will be monitored throughout the class.
• Students are required to hold up photo ID at roll call, if requested.
• Students are required to be visible on the virtual platform during the entire class – 100% attendance policy applies.
• Instructors will direct questions to each student. 

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.