403 - Easement Valuation
- Course Number: C403
- Course Title: Easement Valuation
- Course Level: Intermediate
- IRWA Credits: 8 QEU / CEU
- AQB Credits: Not Applicable
- Prerequisites: Not Applicable
This course is taught as a practical, hands-on course. Participants will
learn specific methods and procedures to measure and value property before and
after an encumbrance, as well as damages, if any result.
Credentialing
- New SR/WA: An intermediate elective course that can be applied towards the RWP certification or SR/WA designation.
- Industry: An intermediate required course for the the Oil & Gas Pipeline and Electric & Utilities pathways for the SR/WA designation.
- Specialist: An intermediate elective course that can be applied towards the R/W-AC certification.
Topics
- The nature of easements, bundle of rights, easements v. licenses en gross v. appurtenant, creation/duration, residuals and reversion interests
- The two approaches to valuation: Before and After (Federal Rule), value of the art taken plus damages (State Rule)
- Steps in the appraisal process (State Rule): how to value the whole larger parcel: when the taking is typical of the whole; when the taking is not typical of the whole; how to value the part taken; use of paired sales; the "Three R’s"
- Damages, severance, cost-to-cure, change in highest and best use, increased cost of operation, restraints upon future development
- How to value temporary easements
- Appraisal of special easements, scenic, slope, flood, flowage, air rights, and others
Course Tuition Includes
Participant Manual
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