Skip to Content (custom)

    General Appraiser Site Valuation and Cost Approach

    Register
    August 26-29, 2024 Nashville, TN
    Date
    August 26-29, 2024
    Location
    Nashville, TN
    Sponsor
    Tennessee Chapter
    Instructor
    Rick L. Carlile, MAI, SRA
    Class Time
    27 hours
    Exam Time
    3 Hours
    Full Price
    $550.00
    AI Price
    $500.00
    Enroll by August 27!
    View Pricing Options
    Classroom
    Topics:
    Land/Site Valuation
    Valuation Approaches
    Upgrade your career
    Commercial
    Course Description
    This is a practical, hands-on course that concerns two basic aspects of real estate appraisal: land/site valuation and the development of the cost approach. Extensive use of problems and case studies will give you practice in applying site valuation and cost approach methods learned in previous courses. Special attention is given to the appraisal of various types of sites and the various means of measuring depreciation. Two in-depth case studies are presented. The first case study addresses the valuation of an industrial property and demonstrates the fundamentals of site valuation, estimation of current improvement cost, and various methods of recognizing and measuring depreciation. The second case study is a short one, featuring valuation of a residential subject site using the sales comparison approach, extraction, interview techniques, and information provided by professional cost data sources.

     

    Read More
    Who Should Enroll
    Those seeking general real property appraiser certification
    AI CE Points
    Attend:
    175
    pts
    Attend & Pass Exam:
    225
    pts
    Pass Only:
    200
    pts
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 27 27 Classroom Classroom 03/25/2022 07/20/2024 18752
    AK QE 30 27 3 Classroom Classroom 03/25/2022 07/20/2024 18752
    AL CE 27 27 Classroom Classroom 10/01/2022 09/30/2024 C02677
    AL QE 30 27 3 Classroom Classroom 10/01/2022 09/30/2024 C02677
    AR CE 28 28 Classroom Classroom 11/20/2023 11/19/2025
    AR QE 30 28 2 Classroom Classroom 11/20/2023 11/19/2025
    AZ CE 30 27 3 Classroom Classroom 01/01/2022 07/20/2024 68673
    AZ QE 30 27 3 Classroom Classroom 01/01/2022 07/20/2024 68673
    CA CE 27 27 Classroom Classroom 04/16/2023 04/15/2027 19CP754601370
    CA QE 30 27 3 Classroom Classroom 04/16/2023 04/15/2027 19CP754601370
    CO CE 30 27 3 Classroom Classroom 02/16/2022 07/20/2024 2146
    CO QE 30 27 3 Classroom Classroom 02/16/2022 07/20/2024 2146
    CT CE 18 18 Classroom Classroom 02/28/2022 07/20/2024 AAL.001062
    CT QE 30 27 3 Classroom Classroom 02/28/2022 07/20/2024 APR.000300
    DC CE 27 27 Classroom Classroom 03/20/2019 02/28/2024 3773
    DC QE 30 27 3 Classroom Classroom 03/01/2020 02/28/2024 4003
    DE CE 30 27 3 Classroom Classroom 01/01/2022 07/20/2024 68673
    DE QE 30 27 3 Classroom Classroom 01/01/2022 07/20/2024 68673
    FL CE 27 27 Classroom Classroom 04/07/2022 04/06/2024 0010162
    FL QE 30 27 3 Classroom Classroom 04/07/2022 04/06/2024 0010162
    GA CE 27 27 Classroom Classroom 02/18/2022 07/20/2024 73998
    GA QE 30 27 3 Classroom Classroom 02/18/2022 07/20/2024 73997
    HI CE 30 27 3 Classroom Classroom 01/01/2024 07/20/2024 23-349
    HI CE 27 27 Classroom Classroom 01/01/2024 07/20/2024 23-349
    HI QE 30 27 3 Classroom Classroom 01/01/2024 07/20/2024 23-349
    IA CE 30 27 3 Classroom Classroom 02/16/2022 07/20/2024 A518-1049
    IA CE 27 27 Classroom Classroom 02/16/2022 07/20/2024 A518-1048
    IA QE 30 27 3 Classroom Classroom 02/16/2022 07/20/2024 A518-1050
    ID CE 30 27 3 Classroom Classroom 03/14/2022 07/20/2024
    ID QE 30 27 3 Classroom Classroom 03/14/2022 07/20/2024
    IL CE 27 27 Classroom Classroom 01/01/2023 12/31/2024 575.010346
    IL QE 30 27 3 Classroom Classroom 01/01/2023 12/31/2024 573.000675
    IN CE 30 27 3 Classroom Classroom 01/01/2022 07/20/2024 68673
    IN QE 30 27 3 Classroom Classroom 01/01/2022 07/20/2024 68673
    KS CE 27 27 Classroom Classroom 01/01/2024 12/31/2024 196.C24.R
    KS QE 30 27 3 Classroom Classroom 01/01/2024 12/31/2024 316.P24.R
    KY CE 30 27 3 Classroom Classroom 07/01/2023 06/30/2024
    KY QE 30 27 3 Classroom Classroom 07/01/2023 06/30/2024
    LA CE 27 27 Classroom Classroom 09/09/2019 07/20/2024
    LA QE 30 27 3 Classroom Classroom 09/09/2019 07/20/2024
    MA CE 28 28 Classroom Classroom 12/23/2021 02/27/2024 120073
    MA QE 30 28 2 Classroom Classroom 12/23/2021 02/27/2024 120072
    MD CE 30 27 3 Classroom Classroom 01/01/2022 07/20/2024 68673
    MD QE 30 27 3 Classroom Classroom 01/01/2022 07/20/2024 68673
    ME CE 30 27 3 Classroom Classroom 01/01/2022 07/20/2024 68673
    ME QE 30 27 3 Classroom Classroom 01/01/2022 07/20/2024 68673
    MI CE 27 27 Classroom Classroom 08/25/2022 07/20/2024 2152
    MI QE 30 27 3 Classroom Classroom 08/25/2022 07/20/2024 2152
    MN CE 30 27 3 Classroom Classroom 05/01/2023 04/30/2025 1027361
    MN CE 27 27 Classroom Classroom 05/01/2023 04/30/2025 1027362
    MN QE 30 27 3 Classroom Classroom 05/01/2023 04/30/2025 1027312
    MO CE 27 27 Classroom Classroom 02/27/2022 07/20/2024
    MO QE 30 27 3 Classroom Classroom 02/27/2022 07/20/2024
    MS CE 27 27 Classroom Classroom 03/28/2019 02/24/2024 MAB #50131
    MS QE 30 27 3 Classroom Classroom 03/28/2019 02/24/2024 MAB #50131
    MT CE 27 27 Classroom Classroom 03/09/2022 07/20/2024 REA-CEC-REC-15101
    MT QE 30 27 3 Classroom Classroom 03/09/2022 07/20/2024 REA-CEC-REC-15101
    NC QE 30 28 2 Classroom Classroom 01/01/2024 12/31/2024
    ND CE 30 28 2 Classroom Classroom 03/02/2022 07/20/2024
    ND QE 30 27 3 Classroom Classroom 03/02/2022 07/20/2024 QE-222009
    NE QE 30 27 3 Classroom Classroom 04/18/2019 04/18/2024 1191412.02
    NE QE 30 27 3 Classroom Classroom 01/01/2022 07/20/2024 68673
    NH CE 27 27 Classroom Classroom 03/18/2022 07/20/2024
    NH CE 30 27 3 Classroom Classroom 03/18/2022 07/20/2024
    NH QE 30 27 3 Classroom Classroom 03/18/2022 07/20/2024
    NJ CE 27 27 Classroom Classroom 03/16/2022 07/20/2024 2022-3444
    NJ QE 30 27 3 Classroom Classroom 03/16/2022 07/20/2024 2022-3444
    NM CE 27 27 Classroom Classroom 03/29/2022 07/20/2024 4255
    NM CE 30 27 3 Classroom Classroom 03/29/2022 07/20/2024 4255
    NM QE 30 27 3 Classroom Classroom 03/29/2022 07/20/2024 4255
    NV CE 27 27 Classroom Classroom 04/01/2022 05/31/2024 CE.0009707-A
    NV QE 30 27 3 Classroom Classroom 04/01/2022 10/31/2024 PL.0009591-A
    NY CE 27 28 Classroom Classroom 01/01/2024 12/31/2024 A5540-27
    NY QE 30 27 3 Classroom Classroom 10/01/2023 09/30/2024 Q0213 G6
    OH CE 27 27 Classroom Classroom 01/01/2024 12/31/2024 084400304A 22
    OH QE 30 27 3 Classroom Classroom 01/01/2022 07/20/2024 68673
    OK CE 27 27 Classroom Classroom 02/22/2022 07/20/2024 633
    OK QE 30 27 3 Classroom Classroom 02/22/2022 07/20/2024 633
    OR CE 27 27 Classroom Classroom 02/22/2022 07/20/2024 APIN-Q-0222-8913
    OR QE 30 27 3 Classroom Classroom 02/22/2022 07/20/2024 APIN-Q-0222-8913
    PA CE 27 27 Classroom Classroom 02/24/2022 07/20/2024
    PA QE 30 27 3 Classroom Classroom 02/24/2022 07/20/2024
    PR CE 30 27 3 Classroom Classroom 01/01/2022 07/20/2024 68673
    PR QE 30 27 3 Classroom Classroom 01/01/2022 07/20/2024 68673
    RI CE 30 27 3 Classroom Classroom 02/15/2022 07/20/2024
    RI QE 30 27 3 Classroom Classroom 02/15/2022 07/20/2024
    SC CE 30 27 3 Classroom Classroom 09/01/2022 08/31/2024 CE1783
    SC QE 30 27 3 Classroom Classroom 09/01/2022 08/31/2024 AS.1QE12
    SD QE 30 27 3 Classroom Classroom 03/04/2022 05/05/2026 SD 693
    TN CE 27 27 Classroom Classroom 02/08/2023 03/31/2025 00002275
    TN QE 30 27 3 Classroom Classroom 02/08/2023 03/31/2025 00002275
    TX CE 27 27 Classroom Classroom 02/04/2022 02/29/2024 TX Provider #:10 Course #:36415
    TX QE 30 27 3 Classroom Classroom 02/25/2022 02/29/2024 TX Provider #: 8038 Course #:27879
    UT CE 27 27 Classroom Classroom 05/01/2023 04/30/2025 AC230419
    UT QE 30 27 3 Classroom Classroom 05/01/2023 08/31/2025 AQ210428
    VA CE 30 27 3 Classroom Classroom 01/01/2022 07/20/2024 68673
    VA QE 30 27 3 Classroom Classroom 06/01/2023 05/31/2025 4006000833
    VT CE 30 27 3 Classroom Classroom 01/21/2021 01/21/2025
    VT QE 30 27 3 Classroom Classroom 01/21/2021 01/21/2025
    WA CE 30 27 3 Classroom Classroom 01/21/2024 01/30/2026 A23000413
    WA CE 27 27 Classroom Classroom 01/31/2023 01/30/2026 A23000413
    WA QE 30 27 3 Classroom Classroom 01/21/2024 01/30/2026 A23000413
    WI CE 30 27 3 Classroom Classroom 01/01/2022 07/20/2024 68673
    WI QE 30 27 3 Classroom Classroom 01/01/2022 07/20/2024 68673
    WV CE 27 27 Classroom Classroom 02/02/2023 07/20/2024
    WV QE 30 30 Classroom Classroom 02/02/2023 07/20/2024
    WY CE 27 27 Classroom Classroom 04/01/2022 03/01/2025
    WY QE 30 27 3 Classroom Classroom 04/01/2022 03/01/2025
    Course Objectives
    • Develop a complete cost approach. The step-by-step process of estimating current construction cost is the focus.
    • Identify and use data sources and the comparative-unit method of cost calculation.
    • Apply the age-life and market extraction methods of estimating depreciation.
    • Apply the breakdown method for estimating depreciation, including physical deterioration, functional obsolescence, and external obsolescence.
    • Recognize elements of cost approach summation, including reconciliation of depreciation estimates.
    • Identify basic site valuation principles and how they relate to the concept of market analysis and the development of a highest and best use conclusion.
    Course Details

    Program Overview:
    Table of Contents and Overview
    Course Schedule

    Assignments:

    No

    Equipment:

    ·        A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended. 

    ·         You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.

    ·         Free Review: Using a Financial Calculator: Formulas, Symbols, Math Review, and Sample Problems; and Financial Calculator Practice Exercises.

    ·         For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.

    ·         HP-12C calculator User's Manual.

    Additional Information:

    Course Materials Include:

    • Course Handbook (428 pp.)
    • Solutions Booklet (150 pp.)
    • Self Study Problems (67 pp.)
    • Pre-Class Memo (1 p.)
    • Case Study (28 pp.)

    You will be asked to clear the calculator’s memory before and after the examination. Only one calculator is permitted in the testing room. Examinees taking most AI exams may bring their own calculator to use during the exam. Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.

    Requirements:
    None specified
    Prerequisites
    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 08/27/2024     		$550.00 $500.00
    Have Exam Questions?
    Exam FAQ
    Additional Course Offerings
    Sponsor Date Location Format
    Appraisal Institute On Demand Online View Details Register
    North Star Chapter February 5-8, 2024 Bloomington, MN Classroom View Details Register
    Chicago Chapter March 4-7, 2024 Chicago, IL Classroom View Details Register
    Appraisal Institute July 22 - August 1, 2024 Synchronous View Details Register
    Appraisal Institute September 16-26, 2024 Synchronous View Details Register
    Massachusetts Rhode Island and Maine Chapter October 16-19, 2024 Woburn, MA Classroom View Details Register
    Event Information

    Registration: 7:30 a.m. central time

    Class Begins: 8:00 a.m. central time


    Tuition:

    Tuition includes a downloadable PDF of the class material.  It does not include a hard copy of the material.  If you want a hard copy of the material for this course mailed to you, you must pay an additional fee + the cost of shipping. 


    Course Material:

    Course material is automatically provided to ALL Students via the download option.  Please bring your computer or other device to class and have the downloaded material or printed copy of the material with you when you get to class.  If you would like to receive a printed copy of the course material, you will have an option during the registration processs to order it.

      **Students requesting printed material will be charged a material fee + Shipping in addition to the cost of tuition.  (Note: If you do not receive your material shipment in time for the course, please download or print a copy of the material from the "Education and Events" section of your AI Account). 


    There will be a charging station in the classroom for your device(s).  If you did not pay an additional fee to have the class materials shipped to you, you must DOWNLOAD the material for this class.


    Here is how to download our material for this class:

    Login to your Appraisal Institute Account at www.appraisalinstitute.org

    Once logged in, make sure to click the "My Account" button on the top right of the page.  It is a green button.

    Click "Education & Events" and then find the title of this class.

    You will be taken to a list of all the AI Classes you have attended.

    Find this class title...

    Click "View".

    You can download your material there. 


    There will not be hard copies of the material available for purchase or pickup on site.  You must come to class prepard with your material.