- Date
- February 25, 2026
- Time
- 8:30AM - 4:30PM (MST)
- Sponsor
- Wyoming, North Dakota, and South Dakota Chapter
- Location
- Virtual
Virtual
- Instructor
- Kerry M. Jorgensen, MAI
- Class Time
- 7 hours
- Full Price
- $250.00
- AI Price
- $225.00
Enroll by February 22!
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.
Read More
Who Should Enroll
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 | 01/01/2026 | 12/31/2026 | C119-35 | |
| 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 | 01/01/2026 | 12/31/2026 | 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 | 01/01/2026 | 12/31/2026 | 084604105A 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 | 11/30/2026 | 03178-ACE | |
| UT | CE | 7 | 7 | Synchronous | 11/17/2025 | 11/30/2027 | AC251107 | |
| 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
Pricing Options
| Rate | Full Price | AI Price |
|---|---|---|
| Standard
Today thru 02/22/2026 |
$250.00 | $225.00 |
Additional Course Offerings
| Sponsor | Date | Location | Format | ||
|---|---|---|---|---|---|
| Wyoming, North Dakota, and South Dakota Chapter | February 25, 2026 | Casper, WY | Classroom | View Details | Register |
| 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 | |
| East Florida Chapter | March 12, 2026 | Synchronous | View Details | Register | |
| Massachusetts Rhode Island and Maine Chapter | March 31, 2026 | Synchronous | View Details | Register | |
| Connecticut Chapter | March 31, 2026 | Synchronous | View Details | Register | |
| Metro New Jersey Chapter | March 31, 2026 | Synchronous | View Details | Register |
Event Information
Zoom sign-on registration begins at 7:30 a.m. MT
Class begins at 8:30 a.m. MT
Class ends at 4:30 p.m. MT
Registration by February 22, 2026
Registration will not be possible after February 22, 2026
Virtual Education Guidelines
Student must have webcam/iphone/ipad/smartphone capacity to participate
Copy of picture ID must be provided after registration for the offering (mandatory)
**Check state approvals before registering to make sure the states you are licensed in have approved the course/seminar and allow virtual (synchronous) education in place of classroom education.