Fair Value, Market Value, Fair Market Value

Live stream/Synchronous Continuing Education: 7-Hours. Please note this live stream/synchronous class is approved by the Florida Real Estate Appraisal Board and Appraisal Institute for continuing education credit.  This class is also approved in other states live stream/synchronous.  Students licensed in other states should determine current approval and requirements prior to registering.

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Seminar Description: 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.

Class Schedule:  

Log-in and Roll Call:  8:30 – 9:00 AM ET

Class Instruction:  9:00 AM – 4:30 PM ET

Lunch: 30 minutes

This class will be held by virtual 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 please contact the chapter office

Requirements:

• Attendance will be monitored throughout the day
• Students are required to hold up photo ID at roll call, if requested
• Students are required to be visible on the Zoom platform during the entire class – 100% attendance policy applies
• Instructors will direct questions to students