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    Fair Value, Market Value, Fair Market Value

    More Info Register
    March 19, 2025 San Antonio, TX
    Date
    March 19, 2025
    Time
    8:00AM - 5:00PM (CST)
    Sponsor
    South Texas Chapter
    Location
    One International Center
    100 N. E. Loop 410 (First Floor Conference Room)
    San Antonio, TX 78216
    Instructor
    Robert L. Moorman, MAI, SRA, AI-GRS
    Class Time
    7 hours
    Full Price
    $225.00
    AI Price
    $200.00
    Enroll by March 19!
    View Pricing Options
    Course Description

    NEW SEMINAR!

    Fair Value, Market Value, Fair Market Value was developed because words can have more than one meaning. Even the simple term market value can have a different meaning to a real estate appraiser than it does to a business appraiser, an accountant, or an attorney. Among real estate appraisers, there can be differences of opinion as to the proper basis of a valuation for a property tax assessment, a condemnation action, or a financial report. The laws are not generally written by appraisers, and the various codes and case law can be inconsistent and hard to interpret. The USPAP standards require that an appraiser not only state the type and definition of value, but also “include any comments needed to clearly indicate to the intended users how the definition is being applied.”

    The seminar relies heavily on examples and case studies to help you understand the diverse ways terms are used and think through how to address the differences when you confront them in an assignment.

    This seminar is intended to help you understand different interpretations of key valuation concepts, so that you can effectively report how they have been applied in a particular assignment.

    Who Should Enroll
    General appraisers
    AI CE Points
    Attend:
    35
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 7 7 Classroom Classroom 07/24/2024 06/01/2027 20131
    CA CE 7 7 Classroom Classroom 08/06/2024 06/01/2027 24CP754601586
    IL CE 7 7 Classroom Classroom 01/28/2025 12/31/2026 575.010782
    KS CE 7 7 Classroom Classroom 01/21/2025 12/31/2025 607.C25.N
    KY CE 7 7 Classroom Classroom 08/26/2024 06/30/2025
    MT CE 7 7 Classroom Classroom 08/20/2024 06/01/2027 REA-CEC-REC-18211
    NC CE 7 7 Classroom Classroom 01/02/2025 12/31/2025 4691
    OK CE 7 7 Classroom Classroom 01/07/2025 06/01/2027 816
    PA CE 7 7 Classroom Classroom 07/31/2024 06/01/2027
    SC CE 7 7 Classroom Classroom 08/12/2024 08/31/2026 AC. 2226
    TN CE 7 7 Classroom Classroom 11/07/2024 11/30/2026 2850
    TX CE 7 7 Classroom Classroom 11/14/2024 06/30/2026 50790
    VA CE 7 7 Classroom Classroom 06/01/2024 06/01/2027 90519
    Course Objectives

    After completing this seminar, participants will be better able to

     

    • Recognize situations where appraisers may disagree regarding the proper interpretation of value definitions.
    • Recognize the proper application of two business valuation premises: the going-concern premise and the liquidation premise.
    • Identify circumstances in which the value of real property is different in the going-concern premise than in the liquidation premise. 
    • Paraphrase the definition of contributory value and distinguish contributory value from market value on a standalone basis.
    • State how the definition of value in use has changed and recognize how contributory value is used in its place.  
    • Compare and contrast two definitions of fee simple and recognize how the definitions could impact a value opinion for a property subject to a lease(s).
    • Compare and contrast two market rent concepts.
    • Compare and contrast fair value and market value
    • Report how analysis of highest and best use for a fair value determination may differ from analysis of highest and best use for a market value opinion in some assignments. 
    • Recognize situations where courts may interpret fair market value to be more akin to fair value than to market value and explain how differences in interpretation of definitions can result in disputes. 
    • In situations where definitions are insufficient to convey assignment results, provide reports that include any comments needed to clearly indicate to the intended users how the definitions are being applied. 

     

    Course Details

    Program Overview:
    Table of Contents and Overview
    Seminar Schedule

    Equipment:

    Recommended Equipment 

    Calculator such as the HP-12C or a laptop computer with a spreadsheet program. No financial math is required.
     

    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 03/19/2025
    $225.00 $200.00
    Additional Course Offerings
    Sponsor Date Location Format
    Appraisal Institute February 25, 2025 Synchronous View Details Register
    Event Information

    The Appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies. The Appraisal Institute issues certificates for state certification/licensing or state continuing education credit that verify successful completion and attendance of 100% with your grade notification letter for courses, or at the conclusion of seminars. One hundred percent (100%) attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualifications Board minimum criteria requirements.