AR128 Removing Multidisciplinary Blind Spots

Includes a Live Web Event on 10/26/2022 at 1:00 PM (EDT)

Webinar Description

Wednesday, October 26, 2022
1:00pm - 3:00pm Eastern US


The purpose of this presentation is to shed light on blind spots that are generated when the valuation process requires significant knowledge of more than one discipline. Such blind spots are the inevitable consequence of specialization. Appraisers acquire very deep training and experience in one discipline, where they eventually know the right questions to ask, operating confidently and effectively; in that case, blind spots become rare. But all that takes considerable time and effort. What happens when the valuation occurs at the intersection of two or more disciplines? The benefits of deep training and experience in that joint space do not automatically exist, and the potential for unseen error is great.

This webinar begins with an overview of the kinds of fundamental differences that make interdisciplinary understanding a challenge, using examples from real property and business valuation combinations. It then highlights circumstances, tools and processes that support practical solutions. Finally, a case study details the process for separating the real property and other assets that comprise a going concern. This case study was taken from an actual eminent domain proceeding that determined lost rent attributable to short-term interruption of an asset-heavy business.

Webinar Audience

Business valuers, real property and other asset appraisers whose work sometimes involves other disciplines.

General Webinar Information

Important login information will be e-mailed to registrants prior to the webinar. 

System Requirements

To ensure the best ASA webinar experience, be sure to download the Zoom app on your device before the webinar begins.

Continuing Education (CE) Information

This webinar will award 2.0 CE hours.

If you are a designated member of the American Society of Appraisers, CE credit will automatically be entered into your record ONLY if you participate in the live webinar. Please allow approximately 2 weeks post-webinar for ASA to notify participants via email regarding a certificate of completion.

Agenda/Outline


1. Overview
Holding and operating real estate
Holding company applications
Operating company applications

2. Real property appraisal realities
Value standards
Bundle of rights
Highest & best use

3. Accommodating BV/RP differences
Brokered markets
Data obscures the business
Methods that work

4. Accommodating BV/MTS differences
The valuation premise
What’s in and what’s out

5. Professional scope and qualification
Special-use properties
Four qualification categories

6. Eminent domain case study
Introduction
Facts & circumstances
Valuation flow
Valuation methods
Filling in the numbers
Rate development
Conclusions

Learning Outcomes

Upon completion of this webinar, attendees will be able to:

1. Identify the scope of appraisal roles in multidisciplinary assignments

2. Recognize blind spots created by embedded asset appraisal assumptions

3. Learn which approaches facilitate collaboration and which approaches kill it

4. Understand the fundamentals of asset allocation for a real estate-dominated business and its special-use property

Dennis A. Webb

Principal

Primus Valuations

Dennis A. Webb, MAI, ASA, FRICS, is a business and real estate appraiser, former syndicator and engineer. Webb is the principal of Primus Valuations® a specialty valuation and litigation consulting firm with offices in Los Angeles and Denver. Webb’s practice is focused on the business of holding and operating real estate, allocating value to special-use real estate and business valuation. His passion is bringing understanding, clarity, collaboration and technology to bear on valuation of hard-to-value asset interests, a niche specialty which has long proved vexing for appraisers, advisors, the courts, and property owners alike. His mission has resulted in numerous articles and presentations for valuation professionals, lawyers and property owners. His most recent work is the definitive “Valuing Fractional Interests in Real Estate 2.0,” a complete upgrade of the valuation process for LLC, LP and common tenancy interests. A native of Los Angeles, Dennis now lives in Denver, Colorado, and enjoys writing, hiking, traveling and dancing Argentine Tango (not necessarily in that order). Contact: dwebb@primusvaluations.com

Key:

Complete
Failed
Available
Locked
AR128 Removing Multidisciplinary Blind Spots
10/26/2022 at 1:00 PM (EDT)   |  120 minutes
10/26/2022 at 1:00 PM (EDT)   |  120 minutes Join Live Webinar
Webinar wrap-up
AR128 Survey
10 Questions
AR128 Course Certificate
1.00 CE credit  |  Certificate available
1.00 CE credit  |  Certificate available Open certificate for the option to print.