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    Impact of Short-term Rentals (on Real Property Valuation)

    More Info Register
    November 6, 2024 Reading, MA
    Date
    November 6, 2024
    Time
    8:30AM - 4:30PM
    Sponsor
    Massachusetts Rhode Island and Maine Chapter
    Location
    Greater Boston Association of Realtors Training Center
    68 Main Street
    Reading, MA 01867
    Instructor
    Joseph V. Comperchio, MAI, SRA
    Class Time
    7 hours
    Full Price
    $220.00
    AI Price
    $195.00
    Enroll by October 22 and save $25!
    View Pricing Options
    Course Description

    NEW SEMINAR! 

     

    Short-term residential rentals (STRs) play an increasing role in the global sharing economy. It’s important that appraisers, lenders, and underwriters become familiar with the nuances of valuing these properties.

    In this seminar, you will gain a basic understanding of the global short-term rental market plus increased awareness about the impact of STRs and the emerging methods, or best practices, required to develop credible valuations of this property type. 

     
    The seminar provides an overview and brief history of the short-term rental industry, information on aspects of value, FF&E, capitalization rates, going-concern value, motivations of property owners, and proper methods of research. Case study examples demonstrate how to value single-unit, multi-unit, and mixed-use properties that include an STR component.

     

    Who Should Enroll

    • General appraisers
    • Advanced residential appraisers


    AI CE Points
    Attend:
    35
    State Approvals
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    AK CE 7 7 Classroom Classroom 04/23/2024 04/23/2027 19928
    AR CE 7 7 Classroom Classroom 05/09/2024 05/09/2026 AI120
    AZ CE 7 7 Classroom Classroom 07/19/2024 07/19/2027 89675
    CA CE 7 7 Classroom Classroom 04/30/2024 04/29/2028 24CP754601577
    CO CE 7 7 Classroom Classroom 04/16/2024 04/16/2027 2620
    CT CE 7 7 Classroom Classroom 07/10/2024 07/10/2027 AAL.001235
    DC CE 7 7 Classroom Classroom 04/17/2024 02/28/2026
    DE CE 7 7 Classroom Classroom 07/19/2024 07/19/2027 89675
    GA CE 7 7 Classroom Classroom 05/03/2024 77582
    IA CE 6 6 Classroom Classroom 03/21/2024 03/21/2026 A518-2209
    ID CE 7 7 Classroom Classroom 04/24/2024 04/03/2029
    IL CE 7 7 Classroom Classroom 03/27/2024 12/31/2024 575.010721
    IN CE 7 7 Classroom Classroom 07/19/2024 07/19/2027 89675
    KY CE 7 7 Classroom Classroom 07/01/2024 05/30/2025
    MA CE 7 7 Classroom Classroom 07/12/2024 07/12/2026 00120175
    MD CE 7 7 Classroom Classroom 07/19/2024 07/19/2027 89675
    ME CE 7 7 Classroom Classroom 07/19/2024 07/19/2027 89675
    MI CE 7 7 Classroom Classroom 05/08/2024 05/08/2027 20-1200286
    MN CE 7 7 Classroom Classroom 05/02/2024 05/31/2026 1037086
    MO CE 7 7 Classroom Classroom 05/15/2024 06/30/2026
    MS CE 7 7 Classroom Classroom 04/25/2024 04/25/2026 MAB #50579
    MT CE 7 7 Classroom Classroom 05/09/2024 05/09/2027 REA-CEC-REC-17996
    NC CE 7 7 Classroom Classroom 04/25/2024 12/31/2024 4642
    ND CE 7 7 Classroom Classroom 04/23/2024 04/23/2028 CE-224027
    NJ CE 7 7 Classroom Classroom 07/19/2024 07/19/2027 2024-3026
    NV CE 7 7 Classroom Classroom 05/08/2024 05/31/2025 CE.0009841-A
    NY CE 7 7 Classroom Classroom 04/01/2024 12/31/2024 A5793-07
    PA CE 7 7 Classroom Classroom 05/30/2024 05/30/2027
    PR CE 7 7 Classroom Classroom 07/19/2024 07/19/2027 89675
    RI CE 7 7 Classroom Classroom 05/02/2024 05/01/2025 REA.0002186-CE
    SC CE 7 7 Classroom Classroom 08/12/2024 08/31/2026 AC . 2212
    SD CE 7 7 Classroom Classroom 04/16/2024 04/16/2027 SD 1665 CE
    TN CE 7 7 Classroom Classroom 05/13/2024 05/31/2026 2792
    TX CE 7 7 Classroom Classroom 06/05/2024 06/30/2026 TX Provider #:10 Course #: 49688
    UT CE 7 7 Classroom Classroom 07/16/2024 07/31/2026 AC240711
    VA CE 7 7 Classroom Classroom 07/19/2024 07/19/2027 89675
    VT CE 7 7 Classroom Classroom 05/28/2024 05/28/2028 CA-245778
    WI CE 7 7 Classroom Classroom 07/19/2024 07/19/2027 89675
    WV CE 7 7 Classroom Classroom 04/23/2024 04/23/2027
    Course Objectives

            Recognize properties that are the subject of valuation that have the potential to be short-term rental properties;

            Discuss appraisal projects with clients in order to properly develop a Scope of Work;

            Derive a highest and best use analysis to properly set up the valuation methodology and valuation techniques   to be employed in the appraisal;

            Identify data sources used by one’s appraisal peers for short-term rentals and how to apply market information   in the valuation of the subject property;

            Properly value a short-term rental property and apply a test(s) of reasonableness.

    Course Details

    Program Overview:

    Additional Information:

    Seminar Material:
    • Seminar Handbook (206 pp) 

    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Early-Bird
    Today thru 10/22/2024
    $220.00 $195.00
    Standard
    10/23/2024 thru 11/06/2024
    $245.00 $220.00
    Additional Course Offerings
    Sponsor Date Location Format
    Great Lakes Chapter October 14, 2024 Traverse City, MI Classroom View Details Register
    Delaware Chapter October 16, 2024 Synchronous View Details Register
    Southern New Jersey Chapter October 16, 2024 Synchronous View Details Register
    Phoenix Chapter October 21, 2024 Scottsdale, AZ Classroom View Details Register
    Utah Chapter November 1, 2024 Synchronous View Details Register
    Utah Chapter November 1, 2024 Salt Lake City, UT Classroom View Details Register
    Atlanta Area Chapter November 7, 2024 Synchronous View Details Register
    Massachusetts Rhode Island and Maine Chapter November 14, 2024 Synchronous View Details Register
    Connecticut Chapter November 19, 2024 Synchronous View Details Register
    South Florida Chapter January 30, 2025 Synchronous View Details Register
    Northeast Florida Chapter January 30, 2025 Synchronous View Details Register
    Florida Gulf Coast Chapter January 30, 2025 Synchronous View Details Register
    Metro New Jersey Chapter February 12, 2025 Synchronous View Details Register
    Colorado Chapter March 4, 2025 Synchronous View Details Register
    Event Information

    Course Location/Schedule:

    Greater Boston Real Estate Board Training Center, 68 Main Street, Reading, MA

    Check-in: 8:30 am.   This location does NOT open before 8:30 so if you arrive early, the doors will be locked.

    Classroom Hours: 8:30 am - 4:30 pm, unless indicated by the instructor

    Course Attendance: One hundred percent (100%) attendance is required for all Appraisal Institute education programs. Credit and a course completion certificate can only be issued by attending 100% of the course. Please plan accordingly and be on time as late arrival or leaving early could jeopardize your receiving a certificate of attendance.

    Course Materials/Breaks: A downloaded copy of materials and AM breaks are included in tuition.