The seminar provides a framework and considerations for attacking and defending an appraisal in litigation. Common mistakes made in appraising and litigation concerning an appraisal are stressed. The seminar focuses on the appraisal approaches and theory needed to attack and defend the approaches in litigation. Attacking & Defending an Appraisal, Part II is directed to mainly appraisal theory in litigation, with litigation skills being secondary as an emphasis. Attacking and Defending an Appraisal in Litigation (Part I) was directed primarily at litigation skills, with appraisal skills being secondary. A financial calculator is need for the seminar. Problems and solutions are given throughout the seminar.
- The Basic Framework
- The Cost Approach
- The Sales Comparison Approach
- The Income Approach
- The Report, Review & Consulting
Purpose of the Course
The seminar is designed to assist attorneys, appraisers and real estate professionals with valuation and other real estate appraisal questions in the context of litigation. The seminar is two days and offers the professional models to testify, procedural and evidentiary basics, Uniform Standards of Professional Appraisal Practices, and appraisal theory that is often misunderstood or misapplied.
Relevance of the Course
After years of experience and discussions with past students and attorneys that have been involved in cases, it is evident that there are common mistakes and misunderstandings concerning appraisal and consulting roles and applications of law and practice in the courts. There are literally billions of dollars in real estate cases in the country involving condemnation, property tax, leases, divorce, insurance claims and other settings where value and real estate consulting is an issue. However, there are very few quality seminars that help the attorney and real estate professional be a professional in a case. This seminar gives timely advice on how to be ethical and make sure the attorney is ethical. It also helps the participant keep the theory accurate in application and not fall for tricks that, until this seminar, have been learned largely by experience only after causing significant loss to a client.