via Livestream Synchronous - Zoom Video Conference
DESCRIPTION
Appraisers are increasingly likely to encounter historic preservation easements in everyday appraisal assignments because of thousands of historic properties now protected by historic preservation easements. This one-day seminar focuses on appraisals used to support the value of a charitable gift of a historic preservation easement. It will introduce you to the complexities of appraising historic preservation easements, guide you through the appraisal process, and reveal how historic preservation easements affect prices in regular appraisal assignments.
Who Should Enroll?
Residential and General Real Estate Appraisers
OBJECTIVES
Understand the similarities and the differences between a “conservation” easement and a “historic preservation” easement.
Understand the typical provisions of a historic preservation easement, and how to handle the variations in possible easement provisions in the appraisal process.
Appreciate the central role of highest and best use analysis in historic preservation easement appraisal assignments.
Understand the differences between legal protections provided by local landmark/historic district designation and by listing in the National Register, how the protections in those designations differ from protections provided by preservation easements, and how to handle those differences in both highest and best use analysis and in arriving at an opinion of value.
Understand the “before and after” method as it applies in some charitable donation appraisal assignments and learn when the “before and after” method is and is not applicable.
Become familiar with accepted and appropriate techniques for finding, researching, and analyzing sales of easement encumbered properties and how and when to use them in a Sales Comparison Approach to value.
Understand when and how to apply the Income Approach to value of an easement encumbered property.
Understand when and how to apply the Cost Approach to value of an easement encumbered property.
Become generally familiar with the most significant Tax Court case law on preservation easement valuation and learn how to utilize the Tax Court cases as a check on the analysis and conclusions of a preservation easement appraisal assignment.
INSTRUCTOR
Pledger M. "Jody" Bishop, III, MAI, SRA, AI-GRS
2023 Immediate Past Appraisal Institute President
CONTINUING EDUCATION
Attendance awards 135 AI CE Points. The Georgia Real Estate Appraisers Board has approved 7 hours of CE credit. 100% attendance is required for credit and will be verified throughout the day. CLICK HERE for all other state approvals.
