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Advanced Land Valuation: Sound Solutions to Perplexing Problems
April 25, 2019
Stephen D. Roach, MAI, SRA, AI-GRS
2850 19th Street South
to check state approvals
Sponsor / Contact
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.
Market Analysis for Real Estate
, 2nd edition
The Appraisal of Real Estate
, 14th edition
The Dictionary of Real Estate Appraisal
, 6th edition
Laptops highly recommended
• Microsoft Excel 2010 or a later version loaded and operational. If you do not have Excel, you may download a free trial version
. 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,
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.
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.
Cancellations/Refunds: Requests for cancellations must be received in writing by the chapter by emailing firstname.lastname@example.org. Confirmed students should not assume that cancellation has been granted until a confirmation has been received.
Program materials will be shipped directly to the student. If you do not receive your materials 5 days before the offering start date, please call the sponsor to inform them. ALL STUDENTS MUST BRING THEIR COURSE MATERIALS WITH THEM. ADDITIONAL MATERIALS WILL NOT BE AVAILABLE TO THOSE STUDENTS WHO HAVE NOT BROUGHT THEIR MATERIALS WITH THEM.
Enrollment is on a first-come, first served basis. If the education program is filled, e-mail email@example.com to be placed on a waiting list. The Alabama Chapter is not responsible for students' non-refundable airline reservations or other travel expenses.The Alabama Chapter reserves the right to change/cancel any class due to extraneous circumstances. If you have a disability and require special accommodations, notify the Chapter in writing at least two (2) weeks in advance and we will arrange for reasonable accommodation. Without two weeks’ notice, accommodation may not be available.
APPROVED FOR 6 HRS OF CE CREDIT ALABAMA REAL ESTATE COMMISSION-YOU MUST BRING YOUR ALABAMA REAL ESTATE LICENSE # IF YOU WANT CE CREDIT WITH THE ALABAMA REAL ESTATE COMMISSION AND YOU MUST COMPLY WITH 100% ATTENDANCE AND PARTICIPATION.
Approved for Forestry Education Credit - SAF Cat 2: 6 hours
The Appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies. One hundred percent (100%) attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements. You must not miss any of the course offering and you must give the instructor full attention. No cell phones, text messaging, returning calls, using computers and reading other non-related materials in class. You must be on time at beginning and returning from breaks and lunch.
State Certification: Students should contact their specific state to determine current education approval and requirements.
Program materials can be downloaded by the student.
Consider staying over an extra day and attending the 2nd Annual Valuation Symposium to be held at Rosewood Hall that Friday April 26th.
We are excited to welcome back Steve Roach, MAI, SRA, AI-GRS, KC Conway, MAI, Chief Economist for the CCIM Institute, and Director of Research & Corporate Engagement with the Alabama Center for Real Estate, and John Norris, Managing Director of Wealth and Investments for Oakworth Capital Bank. It is also a true honor to announce that two former Alabama Chapter members will be returning to Birmingham to speak for us in 2019: Dr. Alan Tidwell, Associate Professor of Finance and Alabama Association of Realtors Chair of Real Estate Culverhouse College of Business, University of Alabama, and Joel Baxley, MAI, Administrator of Rural Housing Services for the U.S. Department of Agriculture.
Location: Rosewood Hall,2850 19th Street South, Homewood, AL 35209.
Rosewood Hall is located on the first floor of the City of Homewood building. There is parking behind the building as well as an underground parking garage.
The Aloft Hotel is across the street from Rosewood Hall. There is a group rate of $139+tax per night. Click the link below.
Rate is good for 4/24, 4/25, 2019. Deadline to register is April 3, 2019
Pam's number 205-835-0808
**Please note that I-20/59 will be closed in downtown Birmingham please plan routes and travel times accordingly.
Marriott Courtyard Homewood
Hampton Inn Mountain Brook
200 W. Madison, Suite 1500, Chicago, IL 60606
888-7JOINAI (756-4624) |
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