Last month ASA’s Real Property discipline launched the first occurrence of a new education course titled “RP401: Allocating Components in Going Concern Appraisals”, developed in response to new requirements impacting Small Business Administration (SBA)-backed business loans. The course was taught in Las Vegas, NV by L. Deane Wilson, ASA and Robert C. Schlegel, FASA and received rave reviews by students. View a recent blog post with feedback from students, and class pictures.
RP401 focuses on how to readily identify properties with going concerns as well as how to determine whether it’s appropriate to allocate or segregate components in going concerns. Students explored proven methods to determine the intangible component and how to gather data to support that claim as well as what to do when there is no market supported method or data in which to allocate the intangible component.
RP401 is approved for 27 ASA continuing education hours for the following states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Utah and Washington with additional state approvals pending.
The next offering of RP401 Allocating Components in Going Concern Appraisals will be on May 29, 2014 in Portland, Oregon with future dates and locations to be added throughout the year.
Learn more about ASA real property valuation education offerings at www.appraisers.org.