Fundamentals of Separating Real Property, Personal Property, and Intangible Business Assets
More Info Register- Date
- January 13-14, 2025
- Time
- 8:30AM - 5:30PM (PST)
- Sponsor
- Northern California Chapter
- Location
- Treat Towers
1255 Treat Boulevard
First Floor Conference Room
Walnut Creek, CA 94597
- Instructor
- Kerry M. Jorgensen, MAI
- Class Time
- 14 hours
- Exam Time
- 1 Hour
- Full Price
- $525.00
- AI Price
- $425.00
Course Description
This two-day course provides the theoretical and analytical framework for separating the tangible and intangible assets of operating properties. Through discussion, lecture, readings, and case studies, you will apply the theory of the firm and the concept of economic profit to the solution of problems and case studies related to ad valorem taxation, eminent domain, loan underwriting, and transaction price allocation. An overview of business valuation procedures and clarification of real estate and business valuation terminology is provided so you’ll become familiar with the terminology relevant to separating asset values. You’ll review the legal foundations for property rights, be introduced to the methodologies, and become aware of the controversial and unresolved issues in this field. Finally, you’ll learn about allocating real estate, personal property, and intangible asset values. (Note. This course contains diverse opinions regarding appraisal theory and applications. Neither this course nor the Appraisal Institute advocates a particular theory or method. Rather, each appraiser must come to his or her own conclusion based on the property type, local market customs, and scope of work.)
This course is in the Valuation of the Components of a Business Enterprise Professional Development Program. View this list of FAQs, which includes information regarding the courses you’ll need to complete the program successfully.
Who Should Enroll
- Appraisers
- Tax representatives
- Attorneys
- Property owners who deal with separating the value of real property from tangible and intangible personal property
AI CE Points
State Approvals
State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Approval Format | Start Date | Expire Date | State Code |
---|---|---|---|---|---|---|---|---|---|
AK | CE | 15 | 14 | 1 | Classroom | Classroom | 10/21/2022 | 09/20/2025 | 18589 |
AR | CE | 14 | 14 | Classroom | Classroom | 11/20/2023 | 11/19/2025 | ||
AR | QE | 15 | 14 | 1 | Classroom | Classroom | 11/20/2023 | 11/19/2025 | |
CA | CE | 14 | 14 | Classroom | Classroom | 07/07/2023 | 07/06/2027 | 11754C216 | |
CT | CE | 15 | 14 | 1 | Classroom | Classroom | 03/10/2022 | 03/10/2025 | AAL.000904 |
DC | CE | 15 | 14 | 1 | Classroom | Classroom | 02/29/2024 | 02/28/2026 | 4037 |
FL | CE | 14 | 14 | Classroom | Classroom | 10/17/2023 | 10/16/2025 | 0008907 | |
GA | CE | 15 | 14 | 1 | Classroom | Classroom | 01/02/2012 | 62237 | |
GA | CE | 14 | 14 | Classroom | Classroom | 01/01/2012 | 62236 | ||
HI | CE | 15 | 14 | 1 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 23-512 |
HI | CE | 14 | 14 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 23-512 | |
IA | CE | 14 | 14 | Classroom | Classroom | 01/22/2024 | 11/13/2025 | A518-1084 | |
IA | CE | 15 | 14 | 1 | Classroom | Classroom | 11/13/2023 | 11/13/2025 | A518- 2166 |
ID | CE | 15 | 14 | 1 | Classroom | Classroom | 09/29/2023 | 09/28/2027 | |
IL | CE | 14 | 14 | Classroom | Classroom | 01/01/2023 | 12/31/2024 | 575.001684 | |
IN | CE | 15 | 14 | 1 | Classroom | Classroom | 04/10/2015 | ||
KS | CE | 14 | 14 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 187.C24.R | |
KY | CE | 14 | 14 | Classroom | Classroom | 07/01/2024 | 05/30/2025 | ||
LA | CE | 14 | 14 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | A0199 | |
MA | CE | 14 | 14 | Classroom | Classroom | 10/21/2023 | 10/20/2025 | 10051220 | |
MD | CE | 15 | 14 | 1 | Classroom | Classroom | 08/22/2023 | 12/31/2026 | |
MI | CE | 14 | 14 | Classroom | Classroom | 03/25/2024 | 12/15/2026 | 20 - 952457 | |
MN | CE | 14 | 13 | 1 | Classroom | Classroom | 04/01/2024 | 03/31/2026 | |
MN | CE | 13 | 13 | Classroom | Classroom | 04/01/2024 | 03/31/2026 | ||
MO | CE | 14 | 14 | Classroom | Classroom | 07/01/2024 | 06/30/2026 | ||
MS | CE | 14 | 14 | Classroom | Classroom | 05/27/2024 | 05/26/2026 | MAB #49448 | |
MT | CE | 15 | 14 | 1 | Classroom | Classroom | 12/01/2023 | 09/05/2026 | REA-CEC-REC-16944 |
MT | CE | 14 | 14 | Classroom | Classroom | 12/01/2023 | 09/05/2026 | REA-CEC-REC-16944 | |
NC | CE | 14 | 14 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 1953 | |
ND | CE | 14 | 14 | Classroom | Classroom | 11/01/2021 | 10/21/2025 | CE-221080S | |
ND | CE | 15 | 14 | 1 | Classroom | Classroom | 11/01/2021 | 10/21/2025 | CE-221080S |
NE | CE | 14 | 14 | Classroom | Classroom | 11/01/2021 | 10/18/2026 | 2111401.02 | |
NH | CE | 15 | 14 | 1 | Classroom | Classroom | 12/05/2023 | 09/15/2025 | |
NJ | CE | 15 | 14 | 1 | Classroom | Classroom | 10/25/2011 | 2011-3073 | |
NM | CE | 14 | 14 | Classroom | Classroom | 01/14/2022 | 12/10/2024 | 4030 | |
NV | CE | 14 | 14 | Classroom | Classroom | 08/06/2024 | 07/31/2025 | CE.0009744-A | |
NY | CE | 15 | 14 | 1 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | A3836-14 |
OH | CE | 14 | 14 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 084401904A 22 | |
OR | CE | 15 | 14 | 1 | Classroom | Classroom | 09/01/2024 | 06/25/2027 | APIN-C-0821-8891 |
PR | CE | 15 | 14 | 1 | Classroom | Classroom | 10/04/2023 | 12/31/2024 | 2 023-0928-1227 |
RI | CE | 14 | 14 | Classroom | Classroom | 02/01/2024 | 01/10/2025 | REA.0002119-CE | |
SC | CE | 15 | 14 | 1 | Classroom | Classroom | 09/01/2024 | 08/31/2026 | AC . 1202 |
SD | CE | 15 | 14 | 1 | Classroom | Classroom | 01/12/2024 | 11/14/2026 | SD 878 CE |
TN | CE | 14 | 14 | Classroom | Classroom | 12/01/2023 | 11/30/2025 | 1538 | |
TX | CE | 15 | 14 | 1 | Classroom | Classroom | 01/23/2023 | 01/31/2025 | TX Provider #:10 Course #: 45136 |
TX | CE | 15 | 15 | Classroom | Classroom | 01/23/2023 | 01/23/2025 | TX Provider #:10 Course #:45136 | |
TX | CE | 14 | 14 | Classroom | Classroom | 01/23/2023 | 01/31/2025 | TX Provider #:10 Course #: 36771 | |
UT | CE | 15 | 14 | 1 | Classroom | Classroom | 03/01/2024 | 02/28/2026 | AC240212 |
UT | CE | 14 | 14 | Classroom | Classroom | 03/01/2024 | 02/28/2026 | AC240211 | |
VT | CE | 14 | 14 | Classroom | Classroom | 03/09/2021 | 03/09/2025 | ||
WI | CE | 15 | 14 | 1 | Classroom | Classroom | 09/27/2011 | REA 3654 | |
WV | CE | 14 | 14 | Classroom | Classroom | 04/22/2023 | 04/26/2026 | ||
WY | CE | 15 | 15 | Classroom | Classroom | 01/30/2023 | 02/12/2026 | ||
WY | CE | 15 | 14 | 1 | Classroom | Classroom | 02/13/2023 | 02/12/2026 | 118 |
Course Objectives
- Recognize operating properties as distinct from pure space properties.
- Recognize when the scope of work requires the separation of various kinds of assets to produce a credible appraisal.
- Identify the concepts, terminologies, and economic principles that underlie the asset claims to the revenue stream.
- Identify the terminology relevant to separating asset values and the roots of that terminology in accounting, business valuation, and valuation for financial reporting.
- Recognize the complexity of valuing a property as it relates to appraisal problems, separating asset values, and valuation for financial reporting.
- Identify the legal foundations for property rights.
- Recognize when it is necessary to work with a professional in another field, such as a business or tangible personal property valuer.
- Recognize the methodology.
- Objectively articulate the various issues that are considered controversial and unresolved.
- Identify the parallels between the business valuation methodologies and real property valuation.
Course Details
Program Overview:
Table of Contents and Overview
Course Schedule
Homework Reading List - MUST be completed BEFORE the first day of class
Assignments:
To access your Education and Events page, log on to the Appraisal Institute website at https://ai.appraisalinstitute.org/eweb (click on the three horizontal lines to the left of the AI logo and select “My AI Account” from the drop-down menu).
Equipment:
A basic-function or financial calculator is required. You may use a financial calculator if you wish.
Additional Information:
Course Materials Include:
- Course Handbook (345 pp.)
- Homework Reading List (2 pp.)
Requirements:
None specified
Course Materials & Recommended Books
Recommended:
- Intellectual Property: Valuation, Exploitation, and Infringement Damages by Gordon V. Smith and Russell L. Parr, Wiley & Sons
- A Business Enterprise Value Anthology, 2001 edition
Pricing Options
Rate | Full Price | AI Price |
---|---|---|
Early-Bird
Today thru 12/06/2024 |
$525.00 | $425.00 |
Standard
12/07/2024 thru 01/03/2025 |
$575.00 | $475.00 |
Late
After 01/04/2025 |
$650.00 | $550.00 |
Event Information
* * * * * Please review the entire section below. * * * * *
It contains IMPORTANT SPECIFIC details about the January offering that you are registering for sponsored by the
Northern California Chapter
https://norcal-ai.org/
925/932-7753 l 916/972-9700
Location
Treat Towers
1255 Treat Boulevard
First Floor Conference Room
Walnut Creek, CA 94597
BART and Onsite Parking
- Treat Towers is a quick walk from the Pleasant Hill BART Station
Onsite parking is available
- enter from Buskirk Avenue
- $9 daily rate (subject to change)
- no in / out privilegesStreet parking may also be available; be watchful of any parking restrictions
Program Hours and Materials
Onsite check-in will begin at 8:00am on Monday, January 13. "Live / in-person" Instruction will run from 8:30am – 5:00pm (Pacific Time) on Monday, January 13. On Tuesday, January 14 instruction will run from 8:30am – 4:30pm followed by the one-hour exam beginning at 4:030pm. Students will be on their own for lunch; numerous eateries are available within easy walking distance of and onsite at Treat Towers.
Tips on Downloading the Course Handbook
Upon registering, students will have access to the downloadable course materials. Students are strongly encouraged to have pre-printed and/or pre-downloaded the materials. Do not wait until the day of the course to download as the files are quite large.
- Log in to My Account (
https://www.appraisalinstitute.org/) - Select Education & Events (right sidebar)
- See list of all offerings, scroll to Fundamentals of Separating Real Property and select View
- You will now see a box that contains downloadable program materials
- Click link(s) to download:
- Course Handbook - 345 pages
- Homework Reading - 2 pages (After you register for this class, please go to your Education and Events page for details on what you must complete before class begins. To access your Education and Events page, log on to the Appraisal Institute website at https://ai.appraisalinstitute.org/eweb (click on the three horizontal lines to the left of the AI logo and select “My AI Account” from the drop-down menu).
Ordered Printed Materials or Need Assistance in Downloading? If you (1) have not received your pre-printed materials (must be selected at the time of online registration; extra fees apply for printing and shipping) within 4 weeks of the offering, (2)have any questions or difficulty in accessing / downloading the required electronic course materials contact AI's Education Delivery Department directlyat312-335-4207 or
Required Text
- None other than the (2) items listed above including the Course Handbook and Solutions.
Required Equipment
- A four-function or financial calculator is required. If using a financial calculator, the accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
- You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.
- For more information and a free review,
click here . - For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator
- HP-12C calculator User's Manual.
- Students will need a No. 2 pencil for the exam
- Students are encouraged to bring extension cords / powerstrips (especially if viewing materials on a laptop)
Education Credit Hours and Attendance Verifications
Those who check in late, leave early or are not in attendance during non-scheduled breaks may jeopardize receipt of credit.
Appraisal Institute: Full attendance (100%) and successful completion of the exam enables Designated Members, Candidates for Designation and Practicing Affiliates to receive 200 AI CEC points; 150 points for full attendance only (no exam). Successful completion of the exam and full attendance is required for those seeking to fulfil the Professional Development Litigation requirements.
BREA Continuing: Fundamentals of Separating Real Property has been approved by the BREA (#11754C216) for 14-hours of BREA CEC. Full (100%) attendance required but BREA CEC (continuing education credit) does not require successful completion of the exam.
BREA Basic/Qualifying: Fundamentals of Separating Real Property is not approved BREA qualifying education (QE) credit.
If you are seeking credit for this offering from a state outside of California, check with your state licensing board(s) to make sure an out-of-state offering will be accepted before registering. It is best to speak directly with a representative from your board rather than relying on information posted to the web. Note: Some states outside of California may have additional reporting requirements that the chapter is not able to comply with.
Attendance Verification Process Effective 10/01/19
Verified attendance certificates will be available for downloading within 15 working days of the offering
- Logging into My Account
www.appraisalinstitute.org - Select EDUCATION
- Click on the specific offering that you are seeking the certificate for; it will show REGISTERED
- Scroll to the very bottom of the screen to (1) COMPLETE EVALUATION FORM and (2) RETRIEVE CERTIFICATE
Note: Effective 10/01/19 students will be able to access their attendance certificates 24/7 through the Appraisal Institute's netFORUM association management program. The Northern California Chapter does not have direct access to certificates for programs held after this time. Any issues in retrieving certificates should be brought directly to the attention of the Appraisal Institute's Education Delivery Department at 312/335-4207 or
Confirmation Emails
All confirmed registrants will receive a payment receipt plus a separate confirmation by email. Be sure that you can accept emails from each of the following email addresses:
lisa@norcal-ai.org jenny@norcal-ai.org - lisa-norcal-ai.org@shared1.ccsend.com
Any last-minute updates to this offering will most likely be sent from lisa-norcal-ai.org@shared1.ccsend.com (registrants should not send emails to this address). Be sure that you can accept emails from these email addresses, or these important emails may default to your spam / junk files.
Payment Receipt
All confirmed registrants will receive an email confirmation that will also serve as a payment receipt on the day of registration.
- noreply@appraisalinstitute.org (confirmation details)
- aiservice@appraisalinstitute.org (payment receipt)
Registrants can also log into their MyAccount portal, select TRANSACTIONS to download a duplicate payment receipt.
Note: If you do not receive emails on a regular basis from the Northern California Chapter ( lisa-norcal-ai.org@shared1.ccsend.com ) be sure to
- Those who work for financial institutions or government agencies my need to enlist the assistance of their IT Department to insure timely email delivery.
Accommodations
The following hotels are within proximity of Treat Towers (Walnut Creek)
- Embassy Suites (at Pleasant Hill BART) - 925/934-2500 - 1345 Treat Boulevard, Walnut Creek, CA
- Holiday Inn Express - 925/932-3332 - 2730 N Main St, Walnut Creek, CA
- Hyatt House - 925/934-3343 - 2611 Contra Costa Blvd, Pleasant Hill, CA
Questions? Contact Us
Northern California Chapter
925/932-7753 l 916/972-9700
CEC Approvals
Approval outside of California or acceptance of out-of-state providers cannot be guaranteed. If you are seeking credit for this offering from a state outside of California, check directly with your state licensing board(s) - before registering - to make sure that they will accept credit from an out-of-state provider. Some states may have special pre-approval or reporting requirements that the chapter is not able to comply with. Use caution in relying on website approvals as they may not be up-to-date.
COVID Protocols
All registrants attending a live-classroom offering do so at their own risk. Each registrant is individually responsible for being aware of and following state, city and county COVID protocols and guidelines.
Disclaimers
By registering for this event, you agree that
- your attendance may be recorded, photographed, and/or monitored at any time
- will accept emails from the Northern California Chapter
- registrants will add this address to their accepted list of emails - lisa-norcal-ai.org@shared1.ccsend.com
- your contact information may be published in a networking roster
- we may switch or change locations based on program logistics or necessity
- if you have a disability and may require special accommodation, please notify us in writing at least two weeks in advance to arrange for reasonable accommodation
- all registrants attending a live-classroom offering do so at their own risk. Each registrant is individually responsible for being aware of and following COVID protocols and guidelines
Lost or Damaged Items
The Appraisal Institute nor the chapter presenting this program is not liable for lost or damaged items. This includes but is not limited to calculators, laptops, cell phones, etc.
Cancellations
Written cancellations received by Monday, December 30 are subject to a $50 cancellation fee. Cancellations received after that time but prior to noon on Monday, January 6, are subject to a $100 cancellation fee. No refunds for cancellations received after January 6 or for program "no shows". Cancellations can be emailed to
We reserve the right to substitute instructors, or to cancel or modify this program (adjust hours or location) if sufficient registrations are not received by Friday, December 20 or due to other circumstances beyond our control. In the event of cancellation, tuition fees will be refunded. All other costs incurred are the registrant’s responsibility. Those requiring out-of-town travel arrangements should exercise caution in booking non-refundable tickets/reservations.
Questions? Contact Us
Northern California Chapter
925/932-7753 l 916/972-9700