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Easement Valuation (Online)
403 – Easement Valuation: Specific, practical methods and procedures to measure damages and the value of a property, before and after the imposition of an encumbrance.
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Course Number:
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C403 Online
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Course Title:
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Easement Valuation
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Course Level:
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Intermediate
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Course Length:
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N/A
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IRWA Credits:
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8 QEU / CEU
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Prerequisites:
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IRWA Course 400 “Principles of Real Estate Appraisal” (or equivalent)
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Course Description
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 course that can be applied towards the Oil & Gas Pipeline and Electric & Utilities Industry pathway in the SR/WA program.
- Specialist: An elective for the R/W-AC program.
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 (in PDF format available for download at completion of course)
Recommended Material
Who should take this course
This course is designed for right of way professionals who are in the appraisal field.
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