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Capital Update
February 25, 2013
2013 Education

March 7-8 – Fundamentals of Separating Real, Personal Property and Intangible Business Assets – Silver Spring, MD Click here for details.

April 9 - Land Acquisition, Values & Trends Update and Chapter Meeting (Webinar) Details to come.

April 22-27 - Advanced Concepts & Case Studies – Ashburn, VA Click here for details.

May 9-10
- Uniform Appraisal Standards for Federal Land Acquisitions – Silver Spring, MD Click here for details.

June 12
- Complex Litigation Appraisal Case Studies – Silver Spring, MD Click here for details.

June 13-14
- Litigation Appraising: Specialized Topics and Applications – Silver Spring, MD Click here for details.

June TBD
- Chapter Meeting  - Legislative Update Details to come.

September 23-26
- General Appraiser Report Writing and Case Studies – Ashburn, VA Click here for details.

October TBD
- Chapter Meeting (Webinar) Details to come.

November TBD
- Chapter Meeting/Real Estate Update Details to come.

December 5
- 7-Hour National USPAP Update Course – Silver Spring, MD Click here for details.

December 6
- Business Practices & Ethics – Silver Spring, MD Click here for details.

View Appraisal Institute Education Nationwide

Congratulations New MAI!

James M. Dorey, Jr., MAI

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Welcome New Affiliates!

Dominick Rubino
Guy J. Tegler

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Help Strengthen Our Profession: Designated Members as Candidate Advisors

Are you interested in helping to grow the ranks of designated members? If so, you can help Candidates for Designation by becoming an Advisor for Candidates. For more information, go to the advisor information section of the Candidate for Designation portion of our website at this link.

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Area Appraisal News

District of Columbia Publishes Final Benchmarking Regs; First Deadline Is April 1

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In This Issue

Fundamentals of Separating Real Property, Personal Property, and Intangible Business Assets

Fundamentals of Separating Real Property, Personal Property, and Intangible Business Assets provides the theoretical and analytical framework for separating the tangible and intangible assets of real estate centric businesses. Through discussion, lecture, readings, and case studies, participants will apply the theory of the firm and the concept of economic profit to the solution of problems and case studies related to ad valorem taxation, eminent domain, loan underwriting, and transaction price allocation.

An overview of business valuation procedures and clarification of real estate and business valuation terminology will be provided so participants become familiar with the terminology relevant to separating asset values. The class will review the legal foundations for property rights, be introduced to the methodologies, and become aware of the controversial and unresolved issues in this field. Finally, participants will learn about allocating real estate, personal property, and intangible asset values.

Taught by highly rated instructor, David C. Lennhoff, MAI, SRA , at the end of this seminar you will be able to:

  • Recognize operating properties as distinct from pure space properties.
  • Recognize when the scope of work requires the separation of various inds of assets to produce a credible appraisal.
  • Understand the concepts, terminologies, and economic principles that underlie the asset claims to the revenue stream .
  • Understand the terminology relevant to separating asset values and the roots of that terminology in accounting, business valuation, and valuation for financial reporting.
  • Understand the complexity of valuing a property as it relates to appraisal problems, separating asset values, valuation for financial reporting.
  • Understand the legal foundations for property rights.
  • Identify when there is a need to work with a professional in another field, such as a business or tangible personal property valuers.
  • Recognize the methodology.
  • Objectively articulate the various issues that are considered controversial and unresolved.
  • Understand the parallels between the business valuation methodologies and real property valuations.

Please Note: A Business Enterprise Value Anthology, 2nd Edition (2011) IS REQUIRED FOR THIS COURSE.

Click here for more details and registration!

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