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Advanced Land Valuation: Sound Solutions to Perplexing Problems

    Date: October 23, 2017   Location: Rockville, MD
 
  Seminar  
Category  General/Residential [G/R]  
Level  Intermediate/Advanced  
Attendance Hours  7.0  
Current Price  $ 175.00 AI Price  
$ 200.00 Full Price  
Note
Please register early  
After Oct 16, 2017
$ 25.00  
 Late Fee
 
  Instructor  
Vincent M. Dowling, MAI, SRA  
    
 
  Location  
Name  Greater Capital Area Association of REALTORS®  
Address  15201 Diamondback Drive, Suite 100  
City  Rockville  
State  MD  
Zip  20850  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Washington DC Metropolitan Area
Website  www.appraisalinstitutedc.org  
Contact Name  Peter Houstle  
Email  phoustle@marinermanagement.com  
Phone  (301) 924-1020  
Fax  (301) 238-4579  
 
  Description  

New Seminar!

By examining unusual and complex land valuation assignments, this seminar takes concepts covered in the Appraisal Institute curriculum to the next level. Besides lecture, discussion, and Q&A, sample case studies will demonstrate, primarily in Excel, conceptual and practical applications that participants will be able to incorporate into their day-to-day work. Suggested solution strategies for these assignments will be provided.

Upon completion of the seminar, participants should be able to

  • Utilize a land residual technique based on a DCF analysis to value land intended for two alternative competing uses (“for rental” apartments versus “for-sale” condos).
  • Determine the highest and best use of land when the legally permissible, physically possible, and financially feasible use(s) are very uncertain and cannot be determined using traditional methodologies.
  • Determine land value when its value is a function of a curvilinear relationship with its appropriate unit of comparison (in this case the value of land suitable for apartment development as a function of density).
  • Determine land rent using a non-traditional unit of comparison (in this case land rental value based on average traffic volume).
  • Estimate the value of land subject to a long-term ground lease with multiple forms of financial benefits accruing to the land owner.

  • If you plan on bringing a laptop, you will need to install Excel Analysis ToolPak. This add-in must be installed prior to class.


Recommended Textbooks

Market Analysis for Real Estate, 2nd edition
The Appraisal of Real Estate, 14th edition
The Dictionary of Real Estate Appraisal, 6th edition

 
  Equipment  
Laptops highly recommended

Recommended
• Microsoft Excel 2010 or a later version loaded and operational. If you do not have Excel, you may download a free trial version here. Please note that this links to the latest version of Excel. There may be minor differences between versions.
• If you plan on bringing a laptop, you will need to install Excel Analysis ToolPak This add-in must be installed prior to class.

Note to Mac users: The course will be taught in Windows using Excel 2013. You will need Excel 2011 or a later version. Microsoft does not support the Data Analysis Tool Pack in Mac Office Excel 2011; however, they do suggest free third-party add-ins with similar functionality.
For more information, click here.
 
  Disclaimer  
Cancellation Policy
  • Up To 14 days prior to program start date, refund in full.
  • 5 - 13 days prior to program start date, $50.00 cancellation fee.
  • Less than 5 days prior to program start date, forfeit of payment.
  Transfer Policy
  • Up To 14 days prior to program start date, no transfer fee.
  • 5 - 13 days prior to program start date, $25.00 transfer fee.
  • Less than 5 days prior to program start date, no transfer allowed.
  Program Material Policy

Beginning 4 weeks before the offering start date, program material will be shipped directly to the student. If this material has been shipped and you request a registration cancellation, you will automatically be charged a $25.00 fee and you may keep the material. Once the fee is charged, your refund will be processed. Material returns are no longer accepted. Contact the offering sponsor for more information.
  • Cancel Offering, $25.00 material fee.


Program materials can be downloaded by the student or can be shipped directly to the student. If you choose to have the material shipped and do not receive your materials within 5 days before the offering start date, please call the sponsor to inform them.
 
  Additional Information  
Class will be held at the Greater Capital Area Association of Realtors office in Rockville, MD.

Schedule:
Registration begins at 8:00am. Seminar is from 8:30am-5pm with a one hour lunch (on your own).

Greater Capital Area Association of Realtors
15201 Diamondback Drive
Rockville, MD 20850
301.590.2000

  Directions  

 

 
















 
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