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Procura
Online Training

The Valuation of Contaminated Land

This web class will consider the challenges of valuing properties which suffer from some form of contamination. It will look at environmental impairment and how it impacts on valuation.

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Session Duration:
90 minutes
Date:
Tue 6 Nov 2018
Time:
12:00 PM - 01:30 PM
Venue:
Online
CPD:
1,5 hours formal CPD

$50

Course information

Valuing property that is subject to some form of contamination is particularly difficult. Much depends on the nature of the contamination/impairment and the type, and cost, of necessary remediation works. Our instructors are experts with considerable experience in dealing with this type of valuation work. They will look at issues concerning the highest and best use of the property as impaired and consider how the three main valuation approaches need to be adapted to reflect the contamination. In addition to looking at the cost of necessary remediation work, they will also consider the liability impacts, use limitations, and possible stigma attaching to contaminated properties. They will also cover how to deal with such properties within a mass appraisal environment. Up to date information about the law concerning contaminated properties and practical guidance on the preparation of valuations relating to such properties will be provided.

Who Should Attend

  • Assessors, appraisers and other professional real estate valuers
  • Advocates, lawyers, and paralegals involved in disputes concerning the valuation of contaminated properties
  • Anyone else involved with contaminated properties

Why Attend?

To better understand the process and requirements of valuing contaminated land.

Format

A live web class with discussions and activities integrated throughout to embed your learning. The class will end with an open Q&A session with your instructor.

About this course

Learning outcomes

  • Understand the causes and impacts of contamination
  • Be aware of legal issues that impact the valuation of the contaminated property
  • Learn how to approach the issue of highest and best use of a property as impaired
  • Apply the sales, cost and income approaches to reflect contamination
  • Understand how contamination can be dealt with in a mass appraisal environment

Content

  • Different types of contamination
  • The costs of remediating contaminated properties
  • Applying the three approaches to value in respect of contaminated land
  • Considering the overall impact of contamination on the value of property
  • Legal and practical guidance in preparing a valuation of contaminated land

Instructors

David Wilkes, Esq., CRE, FRICS

Partner, Huff Wilkes LLP, USA

David is a partner in the property tax law firm of Huff Wilkes, LLP and a Director of the International Property Tax Institute. He is the former Chairman of The Appraisal Foundation (publisher of USPAP), and a former member of the Governing Council of RICS. He is a Counselor of Real Estate and the former Chairman of the American Bar Association’s Property Tax Committee, as well as co-founder and Vice Chairman of the National Association of Property Tax Attorneys (NAPTA). 

John Glen MA AACI FRICS M.I.M.A.

Director, Research & Valuation, Equitable Value Inc.

John is an expert in real estate valuation, particularly in respect of complex properties including multi-purpose commercial centers, hospitality properties, multi-residential, recreation, industrial and special purpose properties as well as his expansive knowledge of appraisal techniques and methodologies.  John has been called upon to provide expert witness testimony in an extensive number of valuation cases before various courts and tribunals, assisting in precedent setting matters in many jurisdictions.

Questions

If you're interested in having this course delivered to your company, contact us.

Call +1 (212) 847-7400 or

Email us

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Price

  • RICS professional $50
  • Non-RICS professional $50
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  • Mastercard


$50