Live Webinar

65-minute live streaming program
  • July 31
  • 1:00 - 2:05 pm EST

Also available as:

OnDemand Course

Using Commercial Real Estate Appraisal Fundamentals to Successfully Contract for Appraisal Services

July 31

Be successful when selecting and collaborating with an appraiser by learning the basic techniques and methods of commercial real estate appraisals.

Ever heard the war story where an attorney receives an appraisal report at the eleventh hour, only to find that some critical element of the opinion does not match the particulars of his case? Or the appraiser’s war story where they were provided with an effective date of value, and later had to re-do the appraisal on a holiday weekend because the client realized that he had specified the wrong date? When appraisers and their clients do not share an accurate understanding of the elements of the assignment, the opportunity for negative outcomes increases. This topic will provide a brief overview of commercial real estate fundamentals, and the basic techniques and methods available to appraisers. This basic information will then be applied to the many variables inherent in the appraisal contracting process. With an understanding of these variables, you will learn to accurately convey the appraisal problem and reach solid agreement with the appraiser on the assignment conditions necessary for a relevant and credible appraisal opinion. Use of the techniques presented in this information will help you to save time and money by avoiding common mistakes which may occur when ordering an appraisal.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Introduction: Using Commercial Real Estate Appraisal Fundamentals to Successfully Contract for Appraisal Services
  • The Appraisal Opinion Is Only Useful If It Addresses the Correct Appraisal Problem
  • Teamwork Is Required to Define the Appraisal Problem
  • An Appropriate Scope of Work Is the Road Map for Solving the Appraisal Problem
Understanding the Subject Property
  • Commercial Land
  • Improved Commercial Properties
Appraisal Basics for Commercial Real Estate
  • The Three Approaches to Value
  • Interest to Be Appraised
  • Type of Value to Be Appraised
  • Effective Date of Value
  • Reporting Options
Defining the Scope of Work
  • What Is the Appraisal Problem to Be Solved?
  • Assignment Conditions
  • Additional Information Which May Be Required
Strategies for Successfully Contracting for Valuation Services
  • Gathering the Data Necessary to Identify the Problem to Be Solved
  • Matching the Appraiser to the Assignment
  • Accurately Defining the Appraisal Problem
  • Agreeing Upon the Appropriate Scope of Work
  • Agreeing Upon the Level of Detail Required
  • Phasing the Assignment
  • Preparing a Well-Written Engagement Agreement
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AL CLE 1.1
     
  • This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.1 hours credit.
     
  • AR CLE 1.0
     
  • This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.0
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.0
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
     
  • CT CLE 1.0
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
     
  • HI CLE 1.0
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hours.
     
  • IN CLE 1.1
     
  • This program has been approved by the Indiana Commission on Continuing Legal Education. Participating attorneys are eligible to receive up to 1.1 hours of Distance Education credit.
     
  • MN CLE 1.0 (Pending)
     
  • This program has been submitted to the Minnesota Board of Continuing Legal Education. Approval pending.
     
  • MO CLE 1.3
     
  • This program has been approved by the Missouri Bar for 1.3 hours of CLE.
     
  • ND CLE 1.0
     
  • This program has been reviewed by the North Dakota Commission for Continuing Legal Education and approved for 1.0 hours of CLE credit.
     
  • NH MCLE 1.0
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 60 Minutes.
     
  • NJ CLE 1.3
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.3 hours of total CLE credit.
     
  • NV CLE 1.0
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.0 CLE hours.
     
  • OH CLE 1.25 (Pending)
     
  • This course has been submitted to the Supreme Court of Ohio Commission on Continuing Legal Education for 1.25 CLE hours. Approval pending.
     
  • PA CLE 1.0
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 1.0
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
     
  • VT CLE 1.0
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hours of CLE credit.
     
  • WI CLE 1.0
     
  • This program has been approved by the Board of Bar Examiners for 1.0 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 1.3
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.3 MCLE hours.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on March 31, 2020.

Call 1-866-352-9540 for further credit information.

  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • PA CLE 1.0
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 1.5
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
     
  • VT CLE 1.5
     
  • This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Who should attend?

This live webinar is designed for appraisers, attorneys, presidents, vice presidents, real estate professionals, owners, property managers, landlords, developers, and lenders.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Shawn E. Wilson, MAI

Shawn E. Wilson, MAI

Compass Real Estate Consulting, Inc.

  • The owner of Compass Real Estate Consulting, Inc., in Lakeland, Florida
  • 32 years of eminent domain and litigation–related appraisal experience, and has authored articles, presentations, and seminars on a variety of valuation topics
  • Contributing author to the Appraisal Institute textbook, Applications in Litigation Valuation: A Pragmatist’s Guide, and her professional articles have been published in The Appraisal Journal (Appraisal Institute), and Right-of-Way Magazine (IRWA)
  • Has authored seminars and presentations on valuation topics, including a litigation appraisal course for the Appraisal Institute in 1995
  • Has been a presenter at national conferences for the Appraisal Institute, the International Right-of-Way Association, and the International Association of Assessing Officers (IAAO)
  • Served as an instructor throughout the United States for education providers such as the Appraisal Institute, Lorman Continuing Legal Education, CLE Continuing Legal Education, American Law Institute CLE, the International Right-of-Way Association, and the Association of Eminent Domain Professionals
  • Has been qualified and has presented testimony as an expert witness in numerous jurisdictions, and has been appointed as a special magistrate to hear ad valorem tax appeals in several Florida counties
  • Areas of specialty include analysis of contributory value, and diminution in value related to stigma, NIMBYs, landfills, and other causes
  • State-certified General Real Estate Appraiser in Florida, Tennessee, and the island of Guam
  • Has been an MAI member of the Appraisal Institute since 1993, and served in a variety of elected positions, including five years on the National Board of Directors
  • Served on the Appraisal Practices Board of The Appraisal Foundation from July 2014 to September 2017, including one year as APB vice-chair and one year as APB chair
  • Member of the International Right-of-Way association, and is a past president of the Association of Eminent Domain Professionals
  • Has also been an AQB certified USPAP instructor since April 2018
  • Can be contacted at at www.ShawnWilson.com
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
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  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 411452
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