AR128 Removing Multidisciplinary Blind Spots

Webinar Description

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