Course Number: C403
Course Title: Easement Valuation
Course Level: Intermediate
IRWA Credit Units: 8 QEU / CEU*
*QEU (qualifying education units) and CEU (continuing education units)
Prerequisites: IRWA Course 400 “Principles of Real Estate Appraisal”, or equivalent
Price: $265 USD for members / $330 USD for non-members
Course Description
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
Topics
Course Tuition includes
Participant Manual (in PDF format; available for download)
Required Material
Financial calculator
Who should take this course
This course is designed for right of way professionals who are in the appraisal field, and who are in need of information regarding how to document the valuation of easements without relying on judgment alone.
Anytime you purchase an online class at IRWA University, you have one year from the date of purchase to complete your class. After that time, the class will no longer be accessible. Your progress is saved, however, it is highly recommended that you finish the class as soon as possible from the date of purchase to ensure high retention and application rate of knowledge and skills learned.
All participants will receive a total of 2 attempts to pass the exam with a score of a 75% or better. If a passing grade is not achieved by the second attempt, the participant must re-purchase the class if he or she wishes to take the exam a third time. Please note, IRWA online classes are not approved for State QE or CE credit.
Course Title: Easement Valuation
Course Level: Intermediate
IRWA Credit Units: 8 QEU / CEU*
*QEU (qualifying education units) and CEU (continuing education units)
Prerequisites: IRWA Course 400 “Principles of Real Estate Appraisal”, or equivalent
Price: $265 USD for members / $330 USD for non-members
Course Description
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
- New SR/WA: An intermediate elective course that can be applied towards the RWP certification or SR/WA designation.
- Industry: An intermediate course that can be applied towards the Oil & Gas Pipeline and Electric & Utilities Industry 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 2 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 (in PDF format; available for download)
Required Material
Financial calculator
Who should take this course
This course is designed for right of way professionals who are in the appraisal field, and who are in need of information regarding how to document the valuation of easements without relying on judgment alone.
Anytime you purchase an online class at IRWA University, you have one year from the date of purchase to complete your class. After that time, the class will no longer be accessible. Your progress is saved, however, it is highly recommended that you finish the class as soon as possible from the date of purchase to ensure high retention and application rate of knowledge and skills learned.
All participants will receive a total of 2 attempts to pass the exam with a score of a 75% or better. If a passing grade is not achieved by the second attempt, the participant must re-purchase the class if he or she wishes to take the exam a third time. Please note, IRWA online classes are not approved for State QE or CE credit.