In recent years, the concept of the estate in the real property being valued has given rise to heated debates among appraisers, property tax lawyers, and assessing authorities. The issue also arises in the context of loan underwriting and eminent domain where fee simple appraisals are common. The Appraisal of Real Estate has long featured a discussion of the subject in the context of “the bundle of rights.” On March 1, 2019, the Appraisal Institute issued an Exposure Draft of Proposed Guide Note on this topic. In May, 2019, the International Association of Assessing Officers (IAAO) Fee Simple Task Force released for exposure its paper, “Setting the Record Straight on Fee Simple.” This session provides recommendations in light of the latest developments in this area for those working with “fee simple” appraisals.
Date & Time:
September 27, 2019 | 3:30 p.m.-5:00 p.m.
Washington State Convention & Trade Center, Seattle, WA
- Michelle DeLappe
Principal, Garvey Schubert Barer
- C. Stephen Davis
Shareholder, Greenberg Traurig
For more information and to register, visit the Seattle Chapter of the Appraisal Institute's website.