The Valuation of Partial Acquisitions

421 – The Valuation of Partial Acquisitions: Addresses special challenges involved in the valuation of partial acquisitions, both fee and easement. The participant will learn various accepted appraisal methods in order to best determine the approach that is needed in any particular situation.

Course Number:


Course Title:

The Valuation of Partial Acquisitions

Course Level:


Course Length:

4 days – 8 AM to 5 PM Daily

IRWA Credits:


AQB Credits:

This course has been approved by the Appraiser Qualifications Board (AQB) through their Course Approval Program. It is eligible for the following: 32 classroom hours of QE, 32 classroom hours of CE/E with exam and 30 classroom hours of CE without exam. The AQB approval is valid through March 23, 2017. Please check with your state licensing board to determine course approval status in your state/s of residence and/or practice.


IRWA Course 400 “Principles of Real Estate Appraisal” (or equivalent); a minimum of one year practical appraisal experience and/or college appraisal class (minimum of 9 hours or equivalent)

Course Description

Participants will learn how to determine and appraise the larger parcel, techniques for appraising the part acquired, identifying and measuring various types of damages and how to value the remainder after acquisitions. The course introduces ways to handle special benefits and explores the before and after approach (how, why and when), and includes numerous exercises and case studies to aid in understanding.

  • Industry: An advanced course that is required for the Generalist, Oil & Gas Pipeline and Transportation pathways in the SR/WA program.
  • Specialist: Required course for the R/W-AC and R/W-URAC programs.


  • 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
Course Tuition includes
  • Participant Manual
  • USPAP Text
Required Material
  • Financial calculator

Who should take this course

This course is geared toward experienced appraisers who are in the process of conducting partial acquisitions and deals with the special problems of the valuation of partial acquisition, both fee/easement.

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