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Commercial Appraisals - Billings
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 Export to Your Calendar 4/7/2020
When: April 7, 2020
8:30 a.m. to 4:00 pm
Where: Hilton Garden Inn
2465 Grant Rd.
Billings, Montana  59102
United States
Contact: Pam O'Reilly
406-441-4703


Online registration is available until: 4/7/2020
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AGENDA

8:30 am        Introduction of Speakers 

8:45 am        Mr. Fontana

Appraisal Foundation and Discussion of Uniform Standards of Professional Appraisal Practice

Standards Rule 1 and 2

Q & A?

9:30 am        Messrs. Fontana & Stevens

                    Introduction to the Appraisal

a.     Residential vs. Commercial

b.     Real Estate Evaluations vs. Real Estate Appraisals

c.     Commercial Appraisal Formats

1.     Restricted Format

2.     Complete Format

10:15 am      15-minute break

10:30 am      Mr. Stevens

Presentation of a Complete Narrative Appraisal Report

a.     Assumptions and Limiting Conditions

b.     Purpose of the Appraisal

1.     Market Value?

2.     Value in Use?

3.     Investment Value?

4.     Quick Sale Value?

c.     Intended Use/Intended User

d.     Interest Valued

e.     Effective Date of Appraisal

f.       Scope of the Report

g.     Extra Ordinary Assumptions or Hypothetical Conditions

h.     Zoning, Flood Plain, Real Estate Taxes, History of the Property

i.       HIGHEST AND BEST USE!

12:00 pm      Lunch Break

 1:00 pm       Continuation of Presentation of Commercial Appraisal

                    Approaches to Value:

a.     Cost Approach

Q & A

b.     Income Capitalization Approach

Q & A

c.     Sales Comparison Approach

Q & A

 2:30 pm       15-minute break

 2:45 pm       Reconciliation and Final Conclusion of Value

a.     What is this?

b.     Why is it included?

c.     Is the final value conclusion supported?

d.     Is the final value conclusion reasonable?

3: 45 pm       Messrs. Fontana & Stevens

Wrap Up

One last item: Does your valuer have the necessary E&O coverage for the work performed?

                     Questions and Answers

4:15 pm        End of Presentation

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