ISBA Announces It Has Revolutionized A Certificate Course Specifically Designed For Certified General Real Property Appraisers
DALLAS, Sept. 10, 2015 /PRNewswire/ -- The International Society of Business Appraisers (ISBA) announces its first course Going Concern Certificate Course that specifically addresses the new U.S. Small Business Association's Standard Operating Procedures 50 10 5 (H) issued in May, 2015. The new SOP updated the business appraisal requirements for change of ownership transactions involving special purpose properties, such as car washes, hotels, gas stations, and bowling alleys. The SBA requires that the going concern appraisal must be completed by a Certified General Real Property Appraiser with experience appraising the specific business/property type. Such appraisals must allocate separate values to the individual components of the transaction including land, building, equipment and intangible assets (emphasis added). This requirement is the very reason why ISBA has developed and scheduled a three day certificate course that will provide the Appraiser with valuation theory and hands on Report Writing combining the business, property, and equipment. There is no other course that compares or combines three appraisal disciplines into what Certified General Real Property Appraisers need to become proficient in meeting the SBA's requirement.
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Paul R. Hyde, EA, MCBA, ASA, MAI, BCA the course instructor stated, "ISBA's Going Concern Certificate Course is a combination of theory and hands-on developing an appraisal by each student during the class. At the end of the class, each student should understand the issues and problems associated with valuing real property going concerns as well as know how to apply as actually have applied the various methods used. A sample appraisal will be developed during the course by each student and a complete copy of a sample real property going concern prepared by the instructor will be given to each student at the completion of the class. Obviously, one class will not make everyone fully competent in this area, but it will supply the basics and the format necessary to become competent in this exciting area of real estate appraisals." Mr. Hyde is a Master Certified Business Appraiser (MCBA), an Accredited Senior Appraiser (ASA) in both Business Valuation and Real Property, a Certified General Appraiser in Real Estate, and he holds the Designated Member of the Appraisal Institute (MAI) designation. He is also a Senior Appraiser for personal property appraisals (machinery & equipment and livestock) with the American Society of Agricultural Appraisers and its subsidiaries.
ISBA who trains and certifies Business Certified Appraisers (BCA), launched in July a groundbreaking business valuation course incorporating into its valuation essentials and advanced techniques studies, the ValuSource software application. Inclusion of the software, Case Study, and writing the Demonstration Report provided the students with hands on training enabling them to apply the education to a sample business model to determine the value of the business. The course received outstanding reviews from the initial group of students. The second six day valuation course is scheduled to be held September 21-26 in Schaumburg, IL.
For more information about the Going Concern Certificate Course or ISBA's 6 Day Business Certified Appraiser (BCA) course, please visit www.IntlBCA.com
SOURCE International Society of Business Appraisers (ISBA)
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