Pre-requisite: Recommend BUSI 330 and BUSI 331, or a thorough understanding of the three approaches to value.
This course provides a working knowledge of expropriation concepts, the legislation and court precedents governing expropriation, and the techniques appraisers apply when carrying out expropriation assignments.
Course Outline
Lesson 1 – Exploration Valuation
After completing this lesson, students should be able to:
- Define expropriation
- Identify the heads of owner claims that may contribute to the total compensation
- Distinguish the valuation considerations applicable to both a whole taking and a partial taking
- Describe the steps leading up to appearing as an expert witness at a hearing
- Research and identify key compensation elements from decisions published in Land
- Compensation Reports and CanLII
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