Fair Value, Market Value, Fair Market Value
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.
Course Offerings
We are not currently offering this course, but please contact us for additional options and more information.