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    Fair Value, Market Value, Fair Market Value

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    Date
    March 12, 2026
    Time
    8:30AM - 4:30PM (EST)
    Sponsor
    East Florida Chapter
    Location
    Virtual Classroom
    Virtual Classroom
    Instructor
    Robert L. Moorman, MAI, SRA, AI-GRS
    Class Time
    7 hours
    Full Price
    $205.00
    AI Price
    $185.00
    Enroll by March 12!
    View Pricing Options
    Course Description

    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.

    Who Should Enroll
    General appraisers
    AI CE Points
    Attend:
    35
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Start Date Expire Date State Code
    AL CE 7 7 Synchronous 01/09/2025 09/30/2026 C03052
    AR CE 7 7 Synchronous 03/04/2025 03/04/2027 AI122
    AZ CE 7 7 Synchronous 06/01/2024 06/01/2027 90519
    CA CE 7 7 Synchronous 08/08/2024 08/05/2028 24CP754601586
    CO CE 7 7 Synchronous 02/24/2025 06/01/2027 2848
    CT CE 7 7 Synchronous 11/13/2024 06/01/2027 AAL.001315
    DC CE 7 7 Synchronous 04/23/2025 02/28/2026
    DE CE 7 7 Synchronous 06/01/2024 06/01/2027 90519
    FL CE 7 7 Synchronous 05/28/2025 05/28/2027 0010892
    GA CE 7 7 Synchronous 02/26/2025 06/01/2027 78330
    HI CE 7 7 Synchronous 06/04/2025 06/01/2027 25-023
    IA CE 7 7 Synchronous 03/07/2025 06/01/2027 A518-2292
    IL CE 7 7 Synchronous 01/28/2025 12/31/2026 575.010782
    IN CE 7 7 Synchronous 06/01/2024 06/01/2027 90519
    KS CE 7 7 Synchronous 01/21/2025 12/31/2025 608.C25.N
    KY CE 7 7 Synchronous 09/30/2025 06/30/2026
    LA CE 7 7 Synchronous 08/27/2025 06/01/2027 A0406
    MA CE 7 7 Synchronous 03/13/2025 06/01/2027 00120180
    MD CE 7 7 Synchronous 06/01/2024 06/01/2027 90519
    ME CE 7 7 Synchronous 06/01/2024 06/01/2027 90519
    MI CE 7 7 Synchronous 05/08/2025 05/08/2028 20 - 1240694
    MN CE 7 7 Synchronous 11/03/2025 11/30/2027 1039761
    MO CE 7 7 Synchronous 05/02/2025 06/01/2027 0000000053
    MS CE 7 7 Synchronous 04/24/2025 06/01/2027 MAB #50657
    MT CE 7 7 Synchronous 08/20/2024 06/01/2027 REA-CEC-REC-18211
    NC CE 7 7 Synchronous 01/02/2025 12/31/2025 4691
    ND CE 7 7 Synchronous 06/01/2024 06/01/2027 90519
    NE CE 7 7 Synchronous 08/01/2024 08/01/2029 2243479.02
    NH CE 7 7 Synchronous 06/01/2024 06/01/2027
    NJ CE 7 7 Synchronous 06/18/2025 06/01/2027 2025-3015
    NM CE 7 7 Synchronous 03/28/2025 06/01/2027 4527
    NV CE 7 7 Synchronous 10/10/2025 10/31/2026 CE.0009970-A
    OH CE 7 7 Synchronous 01/01/2025 12/31/2025 084505105A 25
    OK CE 7 7 Synchronous 01/07/2025 06/01/2027 816
    OR CE 7 7 Synchronous 01/13/2025 06/01/2027 APIN-C-0125-9037
    PA CE 7 7 Synchronous 07/31/2024 06/01/2027
    PR CE 7 7 Synchronous 06/01/2024 06/01/2027 90519
    RI CE 7 7 Synchronous 07/17/2024 06/01/2027 REA.0002229-CE
    SC CE 7 7 Synchronous 08/12/2024 08/31/2026 AC. 2226
    SD CE 7 7 Synchronous 03/25/2025 06/01/2027 SD 1721
    TN CE 7 7 Synchronous 11/07/2024 11/30/2026 2850
    TX CE 7 7 Synchronous 11/14/2024 06/30/2026 50790
    VA CE 7 7 Synchronous 06/01/2024 06/01/2027 90519
    VT CE 7 7 Synchronous 03/19/2025 03/19/2029
    WA CE 7 7 Synchronous 05/07/2025 06/01/2027 A25014591
    WI CE 7 7 Synchronous 06/01/2024 06/01/2027 90519
    WV CE 7 7 Synchronous 01/23/2025 06/01/2027
    WY CE 7 7 Synchronous 07/23/2024 07/23/2027 2307
    Course Objectives

    After completing this seminar, participants will be better able to

     

    • Recognize situations where appraisers may disagree regarding the proper interpretation of value definitions.
    • Recognize the proper application of two business valuation premises: the going-concern premise and the liquidation premise.
    • Identify circumstances in which the value of real property is different in the going-concern premise than in the liquidation premise. 
    • Paraphrase the definition of contributory value and distinguish contributory value from market value on a standalone basis.
    • State how the definition of value in use has changed and recognize how contributory value is used in its place.  
    • Compare and contrast two definitions of fee simple and recognize how the definitions could impact a value opinion for a property subject to a lease(s).
    • Compare and contrast two market rent concepts.
    • Compare and contrast fair value and market value
    • Report how analysis of highest and best use for a fair value determination may differ from analysis of highest and best use for a market value opinion in some assignments. 
    • Recognize situations where courts may interpret fair market value to be more akin to fair value than to market value and explain how differences in interpretation of definitions can result in disputes. 
    • In situations where definitions are insufficient to convey assignment results, provide reports that include any comments needed to clearly indicate to the intended users how the definitions are being applied. 

     

    Course Details

    Program Overview:
    Table of Contents and Overview
    Seminar Schedule

    Equipment:

    Recommended Equipment

    Calculator such as the HP-12C or a laptop computer with a spreadsheet program. No financial math is required.

    Course Materials & Recommended Books
    None
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 03/12/2026
    $205.00 $185.00
    Additional Course Offerings
    Sponsor Date Location Format
    South Florida Chapter March 12, 2026 Synchronous View Details Register
    Northeast Florida Chapter March 12, 2026 Synchronous View Details Register
    Florida Gulf Coast Chapter March 12, 2026 Synchronous View Details Register
    Event Information

    Fair Value, Market Value, Fair Market Value, 7 Hours – Live stream (AI/National)

    Thursday, March 12, 2026

    Zoom   

    AI      $185

    Guest   $205


    Live stream/Synchronous Continuing Education:  6-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.


    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


    Attendance 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  


    State CE Credit:  

    This live stream/synchronous class is approved for Florida continuing education credit. This class is also approved in other states.  If you are licensed in other states, please check for live stream/synchronous CE approval prior to registering.


    Continuing Education Credit:

    Appraisal Institute: 35 points 

    Florida Real Estate Appraisal Board Credit: 7-Hours, 0010892 – live stream/synchronous - Appraisal Institute National 

     

    Student Course Handbook-Download: Have your student course handbook loaded on your laptop or printed and ready for viewing. You can download by logging into to AI account – Downloads.


    Student Course Handbook-Printed & Shipped: If you opted to purchase a printed course handbook at an additional fee when registering, they will be shipped to you 30 days prior to the program. 


    Important Download:  Some files are large and take time to download. Right-click on each download component and select "save target as" from the drop-down menu. Then select a location on your computer. DO NOT attempt to access the file while it is downloading. Some files are large and take time to download properly.