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Subdivision Valuation

    Online Education
 
  Seminar  
Category  General [Gen]  
Level  Intermediate/Advanced  
Attendance Hours  7.0  
Current Price  $ 114.00 AI Price  
$ 137.00 Full Price  
 
  Instructor  
Don M. Emerson, MAI, SRA  
    
 
  Location  
Appraisal Institute - Online Education
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
  Appraisal Institute  
Email  OL-Help@appraisalinstitute.org  
Phone  (877) 674-2447  
 
  Description  
Overview
Valuing subdivisions offers general appraisers unique challenges. This new seminar provides a complete look at subdivision valuation methodology as it relates to valuing improved subdivisions. Appraisers who provide opinions of value for proposed subdivisions or a group of existing lots of units will find this seminar a valuable source of reference and ideas. Students will come away with advanced techniques appraisers need to value a group of lots or units that must be marketed over a period of time. Comprehensive examples are provided to explain how line item profit and discount rate selection are handled in conjunction with discounted cash flow analysis. Ample coverage is given to typical problems encountered by appraisers in specific valuation scenarios.

Advanced examples using the income approach are provided explaining how line item profit and discount rate selection are handled in conjunction with discounted cash flow analysis. This sets the stage for more detailed coverage of income, sales comparison and cost approach applications in subdivision valuation.

Seminar Coverage
This seminar provides an introduction to valuation methodology applicable to "improved" subdivisions" or groups of lots or units. It excludes mega projects and large mixed use planned developments.

This seminar provides coverage and examples for:
    • Group of existing lots
    • Existing and proposed projects
    • Phased projects and remaining land for future phases
    • Valuation of typical suburban subdivisions
    • Seminar examples use vacant lots for simplicity
    • Explanation and examples for all three approaches to value
    • Marketability analysis using the six step process
    • Inferred method of market analysis (Market study levels A & B)
Syllabus
Module 1: Characteristics and Analysis of Subdivisions
Module 2: Time Line Concepts and USPAP Considerations
Module 3: Time Line Concepts and Value Reference Points
Module 4: Basic Valuation Concepts -- Income Approach
Module 5: Basic Valuation Concepts -- Cost Approach
Module 6: Applying the Income Approach, Part 1
Module 7: Applying the Income Approach, Part 2
Module 8: Applying the Cost Approach, Part 1
Module 9: Applying the Cost Approach, Part 2
Module 10: Applying the Sales Comparison Approach

Learning Objectives
Upon completion of the seminar, participants will be better able to:
    • Employ the correct terminology unique to subdivision analysis.
    • Understand the significance of USPAP provisions applicable to subdivision analysis and how to perform competently.
    • Recognize the elements of a subdivision and when to apply subdivision analysis to reflect a bulk sale value.
    • Differentiate between a bulk sale for a group of lots and applying subdivision analysis to reflect vacant land value.
    • Apply subdivision valuation methodology to solve for a wide variety of valuation scenarios at different points along the time line.
    • Recognize the strengths and weaknesses of the three approaches to value as they relate to subdivision analysis.
    • Explain how the selection of line item profit influences the selection of the discount rate.

AI CE Credit for Designated members, Candidates for Designation and Practicing Affiliates
• Attend Only = 75 points
• Attend and Pass Exam = 75 points

 
  Audience  
This seminar is intended for general appraisers who have taken General Income Approach, Part II or have equivalent knowledge/experience.
 
  Prerequisites  
General Income Approach, Part II (or equivalent knowledge/experience)
 
  Disclaimer  
Cancellation Policy
If you are unable to complete an online program once it begins, you may cancel out of the program within 30 days after the official end date. Absolutely no cancellations will be processed after 30 days of the official end date. Once you cancel out of a program, you must start the program over at the beginning in any later enrollments. You cannot be placed into the program where you left off before canceling.

The following refund policy is in effect for canceled online programs based on the amount of material completed in a program:

 Less than 25% of the program completed: $60 cancellation fee

 More than 25% of the program completed: no refund

       
I agree to the terms and policies set forth under the Appraisal Institute Online Education Policy. I also certify that I am the person identified above under Personal Data and that I will personally complete each assigned module of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a member of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, that I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Appraisal Institute''s Code of Professional Ethics and Standard of Professional Appraisal Practice, and that such peer review proceeding may result in termination of my Appraisal Institute membership.
 
  Additional Information  
ONLINE CLASS ACCESS
Please allow 1 hour after registration to start an online session in progress (on or after the session start date). Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. You will automatically be taken to the "My Appraisal Institute" page. Near the middle of that page your course will be listed with a link next to it that says "Go To Class".

If you have any questions, please email us at OL-Help@appraisalinstitute.org.


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