This hands-on, how-to 3-day seminar addresses the generally accepted principles and procedures to value partial interests (not fractional ownership interests, but something less than the fee bundle of rights). The seminar provides an overview of the differences between conservation easements prepared under USPAP, UASFLA/Yellow Book and IRS requirements – and their application to partial estate valuations. Other partial interest examples and case studies encompass highway right-of-ways, power lines, pipelines and navigation easements that demonstrate how to solve complex valuation problems and report their results.
Suggested Textbook: Valuing Rural America: Foundations of Data Analysis; Real Estate Valuation in Litigation, Second Edition
Contact Hours: 22 hours + 2 hour exam
Course Timetable: Day 1-3: 8 AM - 5 PM
Accreditation: This course is required for the ARA.