Category: Real Property
Continuing Education: 2
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Description This webinar will provide two
main focal points that are conducted throughout a ad valorem/mass appraisal
assignment/project. The first half provides an introduction to why market
analysis is essential to an assessment cycle and the types of market analysis
that may be performed for the ad valorem/mass appraisal professional (i.e.,
assessment professional). Much market research and analysis is necessary
for this area of expertise and is required contemporaneous, and often prior to,
performing any highest and best use analyses. The second half of the
program will focus on the tests required to study land “as vacant”, developing
an opinion of the “ideal improvement” and
studying the property “as improved”.
Prerequisites Basic understanding of principles and procedures of
valuations and fundamentals of the ETHICS and COMPETENCY RULES of the Uniform Standards of Professional Appraisal Practice.
Webinar Audience Assessment professionals and any professional that is involved in mass appraisal, including those that seek to review and/or understand how mass appraisal reflects the conditions of local market conditions. Participants will also recognize that ad valorem/mass appraisal specialists consider highest and best use, depending on the scope of work of the assignment, for developing values associated with commercial and industrial properties.
Learning Outcomes Upon completion of this webinar,