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7-Hour National USPAP Update Course Administrative Review of Appraisals Appraisal Issues and Client Relations Appraising Agricultural Land in Transition Appraising Broiler Growing Farms Appraising Rural Residential Properties Appraisals Through the Eyes of the Reviewer Legal Descriptions in Appraisal Non Real Property Collateral and Its Value Requirements of UASFLA –The “Yellow Book” Understanding Conservation Easement Valuation Valuation of Conservation Easements and Other Partial Interests in Real Estate Wind Powered Electric Generators
Don't see the class you're looking for? Provide us with your ideas for new classesASFMRA develops all its courses and seminars based on the needs of our members so we are always looking for input from our members on what those needs are. If you have an idea for a class or input on our education offerings of another kind, please tell us. Click here to send us an e-mail about what you'd like to see. Seminars7-Hour National USPAP Update CourseThe underlying theme of all sections are USPAP requirements for ethical behavior and competent performance by appraisers. Discussion will focus on specific USPAP revisions and afford you the opportunity to apply this information through case studies and a review of frequently asked questions and responses of various USPAP topics. The material emphasizes the role of the appraiser, the appraiser’s impartiality associated with this role, and helps clarify concepts such as scope of work and when USPAP applies. The special responsibilities of the appraiser with regard to impartiality are explored in detail.
This 2-day seminar provides users of appraisal services – attorneys, lenders, accountants, regulators and estate planners – an understanding of a report’s acceptability and conformity to institutional, regulatory and agency requirements. The seminar prepares the reviewer with the ability to recognize the strengths and weaknesses of the information that assist in making sound business decisions including: buy/sell scenarios, establishment of book value and collateral evaluation in underwriting. The student uses actual appraisal report case studies, ranging from residential reports, farm reports and narrative reports. This is an entry-level course, not for the practicing appraiser, directed toward bank examiners, regulators, loan and credit underwriters, accountants, lawyers, agency administrative reviewers, and corporate decision makers.
This 6-hour seminar gives proven ideas that can be put to use to improve the productivity, efficiency and profitability of an appraisal business. The student will learn tips on total quality management, marketing of services, broadening the scope of services, sources of new business, making new business calls, establishing fees and bidding appraisal services, writing proposals and/or agreements for the appraisal assignment, collections, improving efficiency and getting organized, client and business relations, working with review appraisers and thinking out of the box.
This 1-day seminar explores new uses of the land including wildlife and waterfowl production areas, wildlife and waterfowl habitat areas, public and private hunting preserves, fish production areas and recreational use for hunting, fishing and trophy ranches. The student will explore national trends and work with case studies that assist appraisers, review appraisers and managers in dealing with valuation issues pertaining to land in transition.
This 1-day seminar provides the student with in-depth information about the broiler chicken industry and the valuation process of broiler grower farms. Students will hear from experts – from universities, the USDA, appraisal firms, integrated broiler processing companies and broiler growers – about grower facilities, contracts, industry trends, costs and returns, industry information sources and case studies of broiler farm valuations. The student will also work through data analysis of broiler farm sales to extract depreciation from comparable sales and the application of all three approaches to broiler farm valuation. The value conclusions from the income, cost, and sales comparison approaches will be reconciled into a single value estimate.
This 1-day seminar provides rural residential appraisers with the current theory and methodology for appraising rural properties for which highest and best use is residential. Techniques are presented to assist the practicing appraiser in working with the limited and varied data typically available in rural markets. The course will concentrate on the techniques used in assembling and analyzing data, understanding the contribution of excess land, the problems in valuing dwellings in transitional areas, developing local cost models, multipliers and cost ratios from the market and extracting depreciation rates. Students will practice the direct sales comparison approach, the adjustment process, understanding the relationship between the cost and sales comparison approaches and the techniques for linking the descriptive data presented in the report to the valuation section of the report. Considerable emphasis is given on the inherent problems of producing a satisfactory appraisal of a rural residence for the secondary market. There is also a case study which will explore a rural subdivision. Students should have a good working knowledge of basic appraisal theory and application (A-20, A-200 or equivalent) and have at least one year of experience in the field of residential appraisal to receive maximum benefit from this seminar.
In order for an appraiser to see the appraisals through the eyes of a reviewer they first need to know what a reviewer’s role and responsibilities are. The 1-day course will explain who appraisal reviewers are and what appraisal reviewers do. It will also explain why appraisal reviews are completed and what appraisal reviewers can and can’t do. It will explain an appraisal reviewer’s qualifications, the different types of appraisal reviews, discuss the common appraisal errors and what appraisers can do to avoid issues on appraisal reviews.
The 4-hour course explores ASFMRA history, bylaws and ethics. The majority of the course is devoted to Regulation 2 Code of Ethics and Standards of Professional Practice. Case studies and examples of ethical obligations for ASFMRA members will be explored in detail. Recent bylaw changes, membership obligations, and other issues will be discussed. Cost ApproachThis 1-day seminar sets forth up-to-date techniques for establishing market value by estimating the current cost to reproduce or replace the existing structure. Students will learn how to measure depreciation from market data, when use of cost approach is most and least applicable and how to establish value when using this approach. Discussion will cover physical curable, physical incurable short lived, physical incurable long lived, functional curable, functional incurable and accrued depreciation.
This 1-day seminar will provide the student with a background in the cost approach and actual practice in estimating cost using Marshall Valuation Service. Discussion includes land value, costs of improvements, profit, depreciation, contributory value of site improvements, indicated value and personal property or intangibles.
This 1-day dairy valuation seminar discusses the appraisal issues of specialty livestock facilities. The definition of value issues, waste management, environmental and zoning issues, water supply and water rights, manure casements and leases, property rights values, industry analysis/feasibility study, highest and best use are covered. A case study gives students real practice with the principles used in a complex dairy appraisal.
This 1-day seminar provides training for appraisers and other real estate professionals in data analysis used throughout the appraisal process. One of the industry’s weaknesses is the lack of data analysis in many appraisal reports; this seminar shows appraisers where the data is and provides the techniques for analyzing the data.
Discounting & LeasesThis 1-day seminar presents advanced techniques and Discounted Cash Flow (DCF) analysis, including the discussion of Net Present Value and Internal Rate of Return. Most of the seminar will be devoted to discussing the rationale behind the various valuation methods and procedures. Students will review basic definitions, analyze a lease document to determine which rights have been leased and study the various lease types. Terms of the lease will be discussed, as will the distinctions in evaluating the leased fee interests and the leasehold estate interests.
This 1-day seminar is intended to reinforce the concepts of the Income Approach and its application to the overall appraisal process. The seminar introduces improved techniques for estimating the value of income-producing rural property by converting anticipated benefits into property value. The seminar is intended to not only review the various formulas and procedures utilized for deriving various rates of return, but to develop an understanding of the inner workings of these derived rates such that the appraiser can more accurately interpret market movements.
This 4-hour seminar assists appraisers in identifying the characteristics of property and the real estate involved. This course helps students identify the characteristics of the property that are relevant to the type and definition of value and intended use of the appraisal, including its location and physical, legal and economic attributes, and how to describe information to identify the real estate involved in the appraisal, including the physical and economic property characteristics relevant in the assignment.
Minerals AppraisalThis 1-day seminar is ideal for the professional appraiser interested in the complex appraisal problems associated with valuing minerals, mineral rights, and mineral lands. The valuation of properties with producing and non-producing oil, gas, coal, gravel and other minerals is discussed.
Natural Resource AppraisalThis 1-day seminar is an advanced course designed to apply valuation techniques to properties that include mineral rights, water rights and/or timber. The course differentiates between each of these property rights and identifies similarities whereby the basic valuation processes can be applied. Appraisal procedures and techniques are addressed emphasizing market extraction for all components use in the three approaches to value. The minerals section applies appraisal theory and procedure to surface mining (sand, gravel, coal, precious metals, specialty clays, etc.). The water section deals with commercial and recreational applications, split estates, and ownership. The timber section includes discussion of pre-merchantable timber and merchantable timber.
Non-Real Property Collateral and Its ValueThis 11-hour seminar prepares students to understand the role of collateral in the loan transaction and the differences in collateral types, quality and condition. Discussion will include the role of USPAP and regulation in the process, the definition of market value and net recovery value, the impact of multiple risk ratings and the influence of different business structures. Students will learn to value machinery and equipment, livestock, feed and other crops. Finally, the seminar teaches the role of inventory and accounts receivable, the use of intangible assets and their role of collateral in the future and the future of the non real property valuation business and its impact on the appraisal industry.
This 3-day seminar is designed to provide students with increased understanding of the Uniform Appraisal Standards for Federal Land Acquisitions (UASFLA), a.k.a. the “Yellow Book.” The discussion includes the Factual Data and Data Analysis and Conclusions – Before Acquisition to the Factual Data and Data Analysis & Conclusions – After Acquisition, concluding with the final Acquisition Analysis. The seminar proceeds to teach an understanding of the basis of the case law for the UASFLA and relates this case law to the development and reporting of appraisals for federal acquisitions. Students will learn the standards for the review of these appraisals.
This 3-part seminar starts with the Smith Farm case study which teaches how to do a detailed analysis of sales data to provide maximum use for each sale. It addresses methodology for developing adjustments from market data, reviews sale allocation and alternative methods of data analysis such as statistics and graphic techniques. It examines the analysis of comparable sales for deriving the cap rate from the market for the income approach, for analyzing sales for depreciation from the market to be used in the cost approach and for adjustment analysis to be applied in the sales comparison approach. The second alternative market measurements section introduces basic statistics terminology including instruction on how to use an HP-12c calculator to do linear regression, analytical graphics with more than one variable and study sales comparison valuation problems emphasizing price per animal unit, price per bushel and abstraction and allocation of values for building intensive ag properties. The final Mountain States Irrigated Farm case study presents a short-cut method for analyzing sales data which makes maximum use of each sale and conforms to UAAR methodology. It reviews the procedures for developing adjustments from market data in the SCA through use of paired data analysis.
Timber Property ValuationThis 1-day course introduces and demonstrates with case studies market-driven valuation methods to support value opinions of properties with a highest and best use for timber production. Students will focus on proper sales analysis, quantitative method to isolate and support the highest and best use, quantification of a land and timber mix adjustment in the sales comparison approach and consistent analysis of subject and sales.
This 1-day course will provide the accountant, attorney and land owner with the history of the conservation easement and facts surrounding their increasing use. The source of funds and development of the land trust movement will be explained. The IRS and the involvement of the attorney, accountant, appraiser and landowner will be explained. The appraisal document, its development and its intricacies will be explained and discussed. A look at the changing world of easements will complete this interesting and helpful course.
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. This Course is recognized by the Land Trust Alliance (LTA). Attendees who satisfactorily complete this course and pass the exam will be listed in the LTA registry of trained conservation easements appraisers as well as on the ASFMRA website. Wind Powered Electric GeneratorsAs the need for energy independence increases and the search for alternative sources continues, wind energy has surfaced to fill the gap. This 1- day seminar will review the mechanics of wind powered generators and the wind park development process. Local, state, and federal policies will be discussed and land ownership issues will be reviewed. The basic economics of wind generators will be covered, including actual sales and income analysis to develop the internal rate of return will be presented to prepare students for appraisal purposes.
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