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Analyzing the Effects of Environmental Contamination on Real Property
May 15, 2012, Registration at 8 a.m. on first day of class. Class time is 8:30 a.m. to 5 p.m.
Nick A. Tillema, MAI, SRA
Sheraton Park South
9901 Midlothian Turnpike
to check state approvals
Sponsor / Contact
Gain an excellent foundation into a complex area of appraisal valuation! In this new seminar, participants will obtain an overview of federal, state, and Brownfield programs. They’ll understand when the use of a hypothetical condition or extraordinary assumption is called for in an appraisal report, as well as when the assignment requires an appraisal of the “as-is” condition of the property. Also discussed will be applicable USPAP provisions and the critical nature of the Competency Rule to any assignment.
At the end of this seminar participants will be able to
Understand the methodologies used to value properties that may be impacted by environmental contamination.
Define the requirements of Advisory Opinion 9:
The Appraisal of Real Property That may Be Impacted by Environmental Contamination
Identify the three potential effects that contamination can have on real property: cost effects, use effects, and risk (stigma) effects.
Recognize the generally accepted methods for valuing contaminated properties – paired sales analysis, environmental case studies analysis, multiple-regression analysis.
Use these methods and techniques in the analysis of other adverse conditions.
Up To 30 days prior to program start date, $25.00 cancellation fee.
10 - 29 days prior to program start date, $50.00 cancellation fee.
Less than 10 days prior to program start date, forfeit of payment.
Up To 15 days prior to program start date, $5.00 transfer fee.
1 - 14 days prior to program start date, $25.00 transfer fee.
Less than 1 day prior to program start date, no transfer allowed.
Program materials can be downloaded by the student or can be picked up at the site.