The Voice for Local Real Estate


This calendar includes all upcoming courses, events, meetings and chapter events.

 
Sort courses & events by using the drop down menu below, or view the full calendar by scrolling through to the bottom of this page. Contact Professional Development Manager O'Hara Keszler, 901.818.2421 for more information about courses. Scroll to the bottom of this page for the course cancellation policy and accessibility information.

AI Advanced Land Valuation: Sound Solutions to Perplexing Problems

10/23/2017, 8:00 AM to 5:00 PM

MAAR Education Center map

Description:

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 landowner.

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

Ordering Information
Books and other materials may be purchased at the AI store.


Instructor: Rick Borges, MAI, SRA, AI-GRS

Registration opens at 8 a.m. Class begins at 8:30 a.m. All class materials will be available at registration.

» Register Now


For questions or additional information, contact Susan Evans, 901.218.0782.


Course Cancellation Policy

Registrants may cancel a course anytime prior to the beginning of the course and receive a full refund. If the registrant fails to cancel prior to the beginning of the course, no refund will be issued, but they may transfer the funds within 5 business days to a course of equal value. In the case of a free course, registrants who fail to cancel prior to the beginning of the course will be charged a $15 fee. Cancel via phone by calling 901.685.2100, via fax by calling 901.761.4003 or send an e-mail to the Education Manager, O'Hara Keszler.

ADA Compliance & Accessibility Services
In accordance with the Americans with Disabilities Act, MAAR will make available to disabled members disability-related modifications or accommodations. If you have any disabilities which require special accommodations, please notify MAAR Education Manager O'Hara Keszler, 901.818.2421. Prior notification will ensure that the appropriate accommodations can be met, but MAAR will work to accommodate disabled members regardless of when accessibility services are requested.