Easement Valuation
Course Number: C403
Course Title: Easement Valuation
Course Level: Intermediate
Course Length: 1 Day, 8AM to 5 PM
IRWA Credits: 8 QEU / CEU
AQB Credits: The Appraiser Qualifications Board (AQB) has reviewed and approved this course for the following: 8 hours CE/E, 7.25 hours CE, Classroom through August 12, 2012
Required Materials:Hand held Calculator
Prerequisites:It is highly recommended that participants successfully complete IRWA Course 400 “Principles of Real Estate Appraisal”, or equivalent, prior to attending this class.
Course Description
“Easement Valuation” is taught as a practical, hands-on course.
Participants will learn specific methods and procedures to measure and value property before and after an encumbrance, as well as damages, if any result.
Topics
- The Nature of Easements, Bundle of Rights, Easements v. licenses En gross v. appurtenant, Creation/duration, Residuals and Reversion interests
- The 2 Approaches to Valuation: Before and After (Federal Rule), Value of the art taken plus damages (State Rule)
- Steps in the Appraisal Process (State Rule): How to value the whole Larger Parcel, When the taking is typical of the whole, When the taking is not typical of the whole, How to value the part taken, Use of paired sales, The Three R’s
- Damages, Severance, Cost-to-cure, Change in highest and best use, Increased cost of operation, Restraints upon future development
- How to Value Temporary Easements
- Appraisal of Special Easements, Scenic, Slope, Flood, Flowage, Air rights, Others
Course Tuition includes
- Participant’s Manual
Who should take this course
This course is designed for right of way practitioners who are in the appraisal field.
403 Property Descriptions,Continue
Sponsored By: Region 2
Class Location:
College Station Hilton and Conference Center
(Class to be held in either Ballroom 5-6 or Mockingbird)
College Station, TX
Phone: (918) 693-7500
Accommodations:
College Station Hilton and Conference Center
University Drive
College Station, TX
Phone: (979) 693-7500
Rates:
Single $79 + Tax, Deluxe Double-Double $100 +Tax
Contact hotel directly for rates reservations. Mention "IRWA Region 2" for the appropriate room block.
Tuition:Early Registration Prior to July 19, 2011 -$265 member / $330 non-member
Late Registration After July 19, 2011 - $290 member late / $355 non-member late
Facilitator: Randy Williams is theManaging Director for Integra Realty Resources Austin, Austin Texas.Mr. Williams' experience in real estate appraisal/valuation and consulting since 1977 includesamong others, appraisal and management in the real estate banking industry and appraisal, testimony, and appraisal review in private practice. Recent experience is concentrated in major urban/suburban development and eminent domain in central Texas. Valuations have been performed on various properties including, but not limited to, neighborhood and community shopping centers, apartments complexes, single and multi-tenanted industrial buildings, low to high rise office buildings, mixed used facilities, vacant land for different uses and condemnation and right-of-way. Clients served include accountants, investment firms, law firms, lenders, private and public agencies. Valuations and market studies have been done on proposed partially completed, renovated, and existing structures. Eminent domain experience includes SH 130 and SH 45. Mr. Williams was the lead appraiser for Segments 3-6 on SH 130 and coordinated four Integra offices (including Austin) that worked on this project. Mr. Williams is also a certified instructor for the IRWA and has taught appraisal courses in Nebraska, Arizona, and Texas over the past two years. Randy is presently the International President for IRWA.
Mr. Randy A. Williams, MAI, SR/WA, FRICSCourse Coordinator:
Phone: (512)459-3440Sue Findley, SR/WA, R/W-AMC, R/W-NAC
E-mail: Percheron Acquisitions, LLC
Region: 2Phone: 713-724-0857
Chapter 074-Austin, TXE-mail:
Level: 4
Easement Valuations
IRWA Course 403
August 10, 2011
College Station, Texas
Sponsored by Region 2
Fill in the information below and Fax this Entire Page to Housman and Associates: 512-259-5571
Name: ______Title:______Membership #:______
Company:______Address:______
City:______State:______Zip Code:______
Phone:______Fax:______E-Mail:______
Registration Fees:MemberNon-MemberAmount
Early: Through 7/19/2011$265.00$330.00$______
Regular: After 7/192011$290.00$355.00$______
Total:$______
Materials Included With Tuition: Participants Manual
Materials Not Included With Tuition:General Right of Way Textbook (recommended, order online)
Real Estate Dictionary (recommended, order online)
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Cancellation Policy
Written notification of cancellation must be received by Housman & Associates 16business days prior to start of class, before July 19, 2011. A $25 processing fee will apply to ALL cancellation/refunds. A 75% refundwill be made if written notification is received less than16 days prior to start of class and at least 24hrs prior to the start of class. No refund will be made the day before or the day of the class or after the start of the class. Substitution for somebody already registered that needs to cancel is encouraged and perfectly acceptable.Late registration fees apply as indicated above for registration received after 07/19/2011 and for those registering on the day of class.