Location: One Union Square

600 University Street

Seattle, Wa 98101

Registration Open!

New Seminar
Available February 2019!

If you’re involved in the valuation of commercial real estate, it’s crucial to know how the terms of a lease affect value. This NEW seminar goes beyond methodology to explore how to measure a property rights adjustment, the theory underlying the use of a leasehold yield rate (YLH) to value the leasehold, as well as the application of a property rights adjustment in all three approaches to value.

Topics include:
• How the terms of a tenant’s lease impact value—either positively or negatively
• Situations that require a valuation of a leasehold
• Methodologies in valuing a leasehold, including examples and exercises
• The impact of a leasehold in the valuation of property using all applicable approaches
• Challenges facing appraisers performing leasehold valuation assignments

Program Overview
• Table of Contents & Overview(PDF)
• Schedule (PDF)
Recommended Text
• The Appraisal of Real Estate, 14th ed.
• The Dictionary of Real Estate Appraisal, 6th ed.

Ordering Information
To order books and other materials go to
our store

Please contact the sponsoring chapter for information on fees applicable to chapter programs.

HP-12C calculator, or other financial calculator. Note that keystrokes will be shown using HP-12C.

AI CE Credit for Designated Members and Practicing Affiliates
Attend Only – PENDING

Who Should Enroll
Commercial appraisers; brokers and lenders who are involved in valuation of commercial real estate.

Recommended Courses
• Basic Appraisal Principles
• Basic Appraisal Procedures


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