IAAO

One-day Forums

• Forum 906 — Valuation of Billboards
• Forum 907 — Valuation of Wireless Communication Towers and Sites
• Forum 909 — Valuation of Commercial Properties in a Declining Market
• Forum 910 — Valuation of Convenience Stores
• Forum 911 — Valuation of Contaminated Properties
• Forum 914 — The Development and Use of the Compound Interest Tables and Apps. Using the HP—12C
• Forum 917 — How to Critique An Appraisal
• Forum 924 — Valuation of a Manufactured Home Park
• Forum 929 — Preparation of Data for Analysis for Modeling
• Forum 931 — Reading and Understanding Leases
• Forum 932 — Restructuring Income/Expense Statements
• Forum 949 — USPAP Standard 6, Mass Appraisal
• Forum 960 — Marshall & Swift Residential – Square Foot Method
• Forum 962 — Marshall & Swift Commercial – Square Foot Method
• Forum 976 — Public Relations and Customer Service

Forum 906 – Valuation of Billboards

Look at the valuation of advertisement billboards and the impact of various alternative medias on the value of this institution. It is often common to see gross differences in the estimate of value, as determined by the cost approach vs. the income approach. The reconciliation of the three approached to value into a final value estimate that is reasonable that is reasonable and accurate will be the main focus of this seminar. Billboards may be a tax revenue source that has been under-recognized. (7.5 CE hours)

Forum 907 — Valuation of Wireless Communication Towers and Sites

The explosion of cellular towers as transmitters for telecommunication can now be valued for taxation purposes. The uniqueness of this property type and the lack of market sales, force assessment officials to rely upon the cost and income approach to value. Learn how to utilize these approaches in accurately valuing the fastest growing property type in the world. (7.5 CE hours)

Forum 909 — Valuation of Commercial Properties in a Declining Market

Many areas are experiencing a decline in the value of their commercial and industrial properties for the first time in recent history. Explore the process for valuing properties that fall into this category. The exploration of capitalization rates, vacancy calculations, and market rents are critical to this task. The impact and adjustment, utilizing the market approach, for time will also be discussed. (7.5 CE hours)

Forum 910 — Valuation of Convenience Stores

Understand the history, definition and classification of convenience stores. Learn how to apply highest and best use analysis. Examine the cost approach, sales comparison approach and income approach to appraising convenience stores. Engage in problem solving exercises and case studies. (7.5 CE hours)

Forum 911 — Valuation of Contaminated Properties

Participants will have the opportunity to analyze and evaluate the impact that contamination has on property valuation. Contamination appears in many forms; pesticides on agricultural properties, gas leaks at the corner gas station, run-off from landfills, and industrial by-products are some of the more common forms. Assessment officials must be prepared to deal with the impact these occurrences have on property valuation. (7.5 CE hours)

Forum 914 — The Development and Use of the Compound Interest Tables and Applications Using the HP-12C

Brush up on the basics of how to operate a HP 12C financial calculator. Typical keystrokes will be presented. Examples and problems are geared to IAAO income property courses. (7.5 CE hours)

Forum 917 — How to Critique An Appraisal

Discover a methodical approach to the review and critique of appraisals submitted in support of assessment reduction. You will distinguish if an appraiser acts as an advocate for the client, or truly approaches the assignment as a disinterested unbiased third party. All aspects of an appraisal will be inspected to ascertain the credibility and reliability of the work submitted. (7.5 CE hours)

Forum 924 — Valuation of a Manufactured Home Park

The valuation of mobile home parks takes on increasing importance as they become more popular. Review and discuss the impact of park amenities, park rules, and management practices on the valuation process. Participate first hand in a case study valuation of a mobile home park. The market and income approaches will be utilized. (7.5 CE hours)

Forum 929 — Preparation of Data for Analysis for Modeling

Learn how to examine and prepare data to be used in the development of models. Analyzing and interpreting data in a manner that allows you to improve and enhance your models is critical to developing the best possible model. Your ability to improve the performance of your model is heavily dependent upon your ability to interpret and analyze data, and to apply this information properly. (7.5 CE hours)

Forum 931 — Reading and Understanding Leases

Enhance your ability to read, analyze, and interpret leases. Learn why extracting all pertinent information from a lease is a critical step in determining property value by the income approach. Terminology, types of leases, common clauses, and custom leases will be reviewed. The impact that these issues have on value will also be discussed. (7.5 CE hours)

Forum 932 — Restructuring Income/Expense Statements

Find out the importance of restructuring of income and expense statements. Learn how to take an owners income statement and restructure it applying knowledge learned in this forum. Income and expense items that are not permissible for valuation purposes and items that are allowable, but not reported by property owners will be discussed and reviewed. (7.5 CE hours)

Forum 949 — USPAP Standard 6, Mass Appraisal (7.5 CE hours)

** USPAP 2003, Uniform Standards of Professional Appraisal Practice, The Appraisal Foundation, 1029 Vermont avenue, NW, Suite 900, Washington, DC 20005, is recommended to be used with this One Day Forum. USPAP 2003 may be purchased from the IAAO for $20.00, plus shipping and handling fees.

Forum 960 — Marshall & Swift Residential – Square Foot Method (7.5 CE hours)

This forums explores the Marshall & Swift Residential Cost Handbook, - Square Foot Method. It is designed to give you a confident understanding of the use of the Residential Cost Handbook in evaluating properties using the cost approach.

Forum 962 — Marshall & Swift Commercial – Square Foot Method (7.5 CE hours)

This forum explores the use of the Marshall Valuation Service in evaluating commercial properties using the cost approach. The method discussed is the calculator (square foot) method.

Forum 976 — Public Relations and Customer Service (7.5 CE hours)

The purpose of this forum is to learn about public relations and customer service. Upon completion of this one-day forum, a person will:

• learn about public relations and why it is necessary
• understand the customer service and public relations objective
• learn how to target and reach your audience
• know how to develop and implement a plan
• understand constant public relations
• learn about speaking engagements, press conferences, newspapers and press releases
• comprehend the results of public relations