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May 22, 2019
Local Area Topics
Kirkwood Regional Center
2301 Oakdale Blvd
Sponsor / Contact
Shauna E. Gehring, SRA
Purpose of the Course
The seminar explains why cost is not always equal to value. Furthermore, it provides a rational explanation why most specialty retail buildings, tenant finishes, custom homes, corporate headquarters and many other buildings are built for a cost significantly over market value of the building. The gap between the value of the property and the cost is explained and categorized. The seven categories of transferred value are
1. To a person
2. Within a property
3. To another property
4. To intangibles
5. To a community
6. To an organization
7. Within a system
The market has recognized this difference, but this seminar offers a communicative explanation for why market participants often spend money (cost) in excess of value. Examples in the seminar include swimming pools, other upgrades and design and branding elements of a building. The seminar further discusses the ramifications of when this transferred value goes away. An example of this is failed retail concepts such as Gander Mountain.
The class is shown how personal property and intangible assets are converted 100% to real property. Fee simple and leased fee concepts related to valuation are presented.
There are billions of dollars at stake concerning understanding the concepts of asset conversion and transferred value. In lending, many if not most lenders are booking loans as 100% real estate loans when in fact the transactions involve elements of intangible assets. This also is true in the appraisal of property for property tax purposes. Finally, eminent domain cases often confuse nature of assets in the valuations necessary in those cases. Many appraisers are appraising real estate by including intangible assets in the appraisal of the real estate. This seminar will show the appraiser how to avoid this common mistake.
This seminar is designed for Residential and Commercial Real Estate Appraisers to provide better tools of analysis and communication of the analysis to comply with Uniform Standards of Professional Appraisal Practice, client and industry standards.
All Real Estate Professionals
Up To 14 days prior to program start date, refund in full.
2 - 13 days prior to program start date, $75.00 cancellation fee.
Less than 2 days prior to program start date, forfeit of payment.
All cancellations must be submitted in writing or email message. Confirmed students should not assume that cancellation has been granted until a confirmation has been received.
ADA POLICY: If you have a disability and require accommodations and seating, please notify the office of the Iowa Chapter at least two weeks in advance and staff will make arrangements for reasonable accommodations and seating.
We reserve the right to cancel, limit, or reschedule the course and to change faculty assignments and facility locations at any time.
Prospective students should confirm their registration before making any non-refundable airline reservations.
Please contact Shauna Gehring at IAChap@yahoo.com or 515-419-6076 with questions.
Program materials will be picked up at the site.
Location: Kirkwood Regional Center, 2301 Oakdale Blvd, Coralville, Iowa 52241 (Phone No.(515-419-6076)
Wednesday, May 22nd, 2019 at 8:00 A.M. to 8:30 A.M.. (Lunch not included with seminar fee).
8:30 A.M. to 12:00 P.M. (Lunch Time) 1.00 P.M. to 5:00 P.M.
Continue Education Credit:
Seven (7) hours of continuing education credits have been approved for license and appraisal certification renewal in Iowa and Illinois, seven (7) hours of continuing education credits have been approved for Realtors by the Iowa Real Estate Commission, seven (7) hours of continuing education credits have been approved by the Appraisal Institute and seven (7) hours of continuing education credits have been applied to the Iowa Department of Revenue for assessors.
The Appraisal Institute enforces attendance requirements mandated by State licensing and certification regulatory agencies. The Iowa Chapter enforces the attendance requirements as mandated by the State of Iowa and the AQB. There is a 100% attendance policy. Don't be late or leave early
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