421 - The Valuation of Partial Acquisitions
- Course Number: C421
- Course Title: The Valuation of Partial Acquisitions
- Course Level: Intermediate
- IRWA Credits: 24 QEU/CEU
- AQB Credits: Not Applicable
- Prerequisites: Not Applicable
This intermediate three-day appraisal course includes discussions, exercises, and case studies related to the Federal (Before-and-After) Rule and the State (Summation) Method. This course also includes valuation principles applicable to the identification and valuation of the larger parcel, acquisition area, and analysis of benefits and severance damages. The components of compensation (i.e., value of the part taken, damages to the remainder, benefits to the remainder and cost to cure) and methods to quantify each impact will be analyzed. This course is intended solely to introduce participants to the concepts and does not replace advice from a qualified appraiser.
Credentialing
- New SR/WA: An intermediate elective course that can be applied towards the SR/WA designation.
- Industry: An intermediate required course that is required for the Generalist, Transportation and Electric & Utilities pathways for the SR/WA designation.
- Specialist: An intermediate required course for the R/W-AC and R/W-URAC certifications.
Topics
- Review of the basic principles and the valuation process
- Utilization of both Federal (“Before and After”) Rule and the State (Summation) Method in the valuation of partial acquisitions
- Allocation of the partial acquisition compensation among its components (i.e., value of the part taken, damages to the remainder, benefits to the remainder, cost to cure)
- Application of various methods to analyze and quantify the impacts of partial acquisitions on remainder properties
- Analysis of both temporary and permanent easements and valuation techniques
- How to become a better expert witness
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