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Advanced Land Valuation: Sound Solutions to Perplexing Problems

    Date: November 2, 2017   Location: Plainview, NY
 
  Seminar  
Category  General/Residential [G/R]  
Level  Intermediate/Advanced  
Attendance Hours  7.0  
Current Price  $ 185.00 AI Price  
$ 205.00 Full Price  
 
  Instructor  
Edward V. Bowler, MAI, SRA  
    
 
  Location  
Name  Marriott Residence Inn  
Rep  Lindsey Slack  
Address  9 Gerhard Road  
City  Plainview  
State  NY  
Zip  11803  
Phone  (516) 433-6200  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Long Island
Website  www.ailongisland.org  
Contact Name  Francine L. Morgenstern  
Email  liappraise@aol.com  
Phone  (516) 248-8964  
Fax  (516) 248-0853  
 
  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 15 days prior to program start date, refund in full.
  • 7 - 14 days prior to program start date, $50.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
  Transfer Policy
  • Up To 15 days prior to program start date, no transfer fee.
  • 7 - 14 days prior to program start date, $25.00 transfer fee.
  • Less than 7 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.
ENROLLMENT POLICY: Your enrollment form and payment by check or online registration must be received by the chapter office at least 10 business days prior to the start of each course to avoid a late charge. No registrations will be accepted 7 days before the start of the course unless there is a cancellation. We cannot accept walk-in students. Enrollment is limited, register promptly. Note: (1) Full (100%) attendance is required for continuing education credit. (2) The Appraisal Institute issues certificates for state certification/licensing or state continuing education credit that verify successful completion and attendance requirement are met. If Appraisal Institute attendance records indicate less than attendance requirements met, your certificate will reflect this and state agencies may refuse to award credit. (3) If you have a disability and may require some accommodation, please notify us in writing at least two weeks in advance and we will arrange for reasonable accommodation. (4) CONFIRMATION LETTER: If you have enrolled ON-LINE, you automatically receive a confirmation when your credit card is used. For checks, confirmation will be mailed 7 days prior. (5) Program materials will be distributed at the class. (6) This program was developed and is administered by the Long Island Chapter of the Appraisal Institute, which is solely responsible for its content. (7) The Local Chapter reserves the right to cancel or reschedule any program if a minimum enrollment is not met, and to change faculty assignments if necessary.

CANCELLATION POLICY: Cancellation fee of $50 if cancelled 7-14 days prior to program start date. No refund for cancellations within 7 business days. All cancellations must be received in writing.

Information: Francine L. Morgenstern (516) 248-8964


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  


Long Island Chapter
P.O. Box 509, Williston Park, NY 11501
T (516) 248-8964 Fax: (516) 248-0853
liappraise@aol.com www.ailongisland.org

LONG ISLAND CHAPTER OF THE APPRAISAL INSTITUTE
Presents New Seminar

ADVANCED LAND VALUATION:
SOUND SOLUTIONS TO PERPLEXING PROBLEMS
NOVEMBER 2, 2017 Seminar – 7 Hours CE
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.

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.


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

To order recommended textbooks: http://www.appraisalinstitute.org/store/



Instructor: EDWARD V. BOWLER, MAI, SRA President, Bowler Real Estate Appraisal
Registration Fee: $195.00 AI Price / $205.00 Full Price

Location: MARRIOTT RESIDENCE INN, 9 Gerhard Road, Plainview, NY www.residenceinn.com
Registration: 8:00 a.m. – 8:30 a.m.
Seminar: 8:30 a.m. – 4:30 p.m.
CE Credit: Approved for 7.0 Hours real estate appraiser continuing education credit for the Appraisal Institute and New York State. 100% attendance is required.
AI CE Credit for Designated Members and Practicing Affiliates
Attend Only = 35 points
Who Should Enroll
• General and residential certification-level appraisers
• Consultants, real estate agents, land owners, land use planners, developers, investors
Prerequisites
• Familiar with DCF concepts and general valuation approaches specifically yield capitalization.
• Basic working knowledge of Excel helpful.
Registration: Online: www.ailongisland.org Email: LIAI@ailongisland.org


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