Appraising Environmentally Contamined Properties

Live stream/Synchronous Continuing Education: 4-Hours.  Please note this class is only approved for Florida and Appraisal Institute continuing education credit.

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Seminar Description: Stan Sidor, MAI, AI-GRS, CRE will present a detailed overview of valuation methods and case studies outlining the complex nature and valuation of environmentally contaminated properties. Mr. Sidor is Senior Vice President, Manager and Shareholder at Kidder Mathews in Tacoma, Washington. Stan has 50 years of combined real estate and banking experience, including 33 years as a real estate appraiser. In addition to valuation analysis and consulting, Stan has experience in property and asset management, leasing, sales, loan underwriting and credit approval.

Learning Objectives:

•    Understand types of contamination

•    Understand different levels and types of risk

•    Understand what constitutes stigma and why it’s important

•    Learn why beginning with unimpaired value is important

•    Learn how to calculate or estimate diminution in value

•    Learn the different types of remediation costs

•    Understand where a property is in its remediation lifecycle and why it’s important in H&BU and valuation of a property

•    Learn what are “use effects”

•    Learn the different types of sites, how to differentiate, and why

•    Learn what is a “non-source site”

•    Learn about adjacent and proximate sites, and why important to know

•    Learn what the social and economic impacts are of contamination and cleanup

•    Learn the key types of contamination

•    Learn how to find out if a property is contaminated

•    Learn to differentiate different extents of contamination

•    Learn about different types of cleanups

•    Lean who is liable for contamination and cleanup and some defenses to liability

•    Learn some tools to shift liability, and how to assess liability and risk

•    Learn about the methodology used in appraising contaminated properties

•    Identify how to address H&BU analysis for contaminated properties

•    Learn why to begin with the value as if clean

•    Learn how to account for and qualify stigma/risk

Class Schedule:

Login and Roll Call:  12:30 – 1:00 PM ET

Class Instruction:  1:00 – 5:00 PM ET

Please note: This class will be held by live stream /synchronous interactive classroom technology via Zoom.  Students are required to have a computer, webcam and microphone.  It is the student’s responsibility to have the required equipment to participate and receive continuing education credit. 

Live stream/Synchronous Classroom Guidelines:

• Students must have a computer, webcam and microphone capabilities to participate and receive continuing education credit.
• The instructor must be able to physically see and interact with all students and students must be able to interact with the instructor.
• A copy of your driver’s license must be emailed to the Chapter Office as verification after you have registered and prior to the start date.
• You will receive a separate email from the chapter office with log-in access information.  Please contact the chapter office if you have any questions regarding the participation guidelines. 
• Class materials will be emailed to you prior to the class.