Easement Valuation

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. 

Course Number:

C403

Course Title:

Easement Valuation

Course Level:

Intermediate

Course Length:

1 day – 8 AM to 5 PM

IRWA Credits:

8 QEU / CEU

AQB Credits:

The Appraiser Qualifications Board (AQB) has reviewed and approved this course for the following: 8 hours CE/E, 7.25 hours CE, Classroom through May 5, 2019.

Prerequisites:

IRWA Course 400 “Principles of Real Estate Appraisal” (or equivalent)

 

 

Course Description

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
 
  • Industry:  An intermediate course that can be applied towards the Oil & Gas Pipeline and Electric & Utilities 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

Required Material

  • Financial calculator 

Who should take this course

This course is designed for right of way professionals who are in the appraisal field.
 

Register for this class today


Classroom Based Education

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