Maximizing the Value of an Appraisal Practice

The seminar provides information and discussion on value considerations for an appraisal practice. Many participants have restructured their firms based upon information in the course to increase the worth of the firm. Others have used information to provide a basis for valuing an appraisal practice for various purposes. The course was first taught over ten years ago and is based upon a survey of over one hundred firms and feedback from many active in the appraisal industry. The following is an outline of some of the covered topics.

  1. General Management Principles
  2. Time Management Systems
  3. General Income & Expense Analysis
  4. Financial Statements
  5. Legal Considerations
  6. Growth Considerations
  7. Benefits & Compensation Issues
  8. Valuing the Appraisal Practice

Purpose of the Course

The seminar is designed to assist appraisers in the valuing of an appraisal practice. Systems as well as financial statement basics are discussed to provide a framework for differences in firms that can cause differences in values between appraisal practices. Alternatives are provided attendees to use in their practice. Information is provided to understand the stages of growth of an appraisal practice including start-up phase. The course is relevant to all appraisers who eventually would consider selling their practice or buying into a practice.

Relevance of the Course

The course was written over ten years ago with many principles based upon a survey of hundreds of appraisal practices. Many appraisers can be assisted by this seminar for the following reasons.

  • Valuing a practice as an assignment
  • Valuing a practice to buy in as a partner
  • Valuing a practice to sell to a partner
  • Valuing a practice to sell and retire from appraising
  • Restructuring a practice to adhere to principles that would create value
  • Understanding why management or ownership decisions affect the value of a practice.
  • Understanding alternatives in case of starting up a practice, including alternatives to growth and how value is affected.

 

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