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Designed for participants with introductory experience and understanding of fundamental concepts of appraising, it focuses on the valuation of vacant land parcels and the development of the cost approach. Develop your skills by creating a current cost estimate using market extraction, interview techniques, and information provided by professional cost data sources. An in-depth case study takes you from the origin of the appraisal assignment to a final value estimate using various cost approach applications. By successfully completing the course and exam, you will have met most states’ education requirements in the content area identified as residential site valuation and cost approach.
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Program Overview
Table of Contents and Overview [PDF] 
Course Schedule [PDF]
Recommended Text
The Dictionary of Real Estate Appraisal, 5th ed.
The Appraisal of Real Estate, 13th ed.
Ordering Information
To order books and other materials go to
our store
Tuition
Please contact the sponsoring chapter for information on fees applicable to chapter programs.
Required
HP12C calculator You must be familiar with calculator operation when the course begins. Answers to problems in course material are shown using the HP12C. Do not come to class expecting to be taught how to use a financial calculator. Free Review—Using a Financial Calculator; Symbols and Formulas, Capitalization Selection Tree, and Sample Problems; and Financial Calculator Practice ExercisesFor additional help with the HP12C calculator, take our online seminar, Using Your HP12C Financial Calculator.Laptops NOT REQUIRED
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Appraisal Institute Hours
15 (including 1-hour exam)
To receive credit, participants must attend 100% of the program.
AI CE Credit for Designated Members and Candidates for Designation
This program is approved for 1 hour of Appraisal Institute CE credit for every hour taken.
Prerequisites
Successful completion of Basic Appraisal Principles, Basic Appraisal Procedures, National Uniform Standards of Professional Appraisal Practice (USPAP) Course, 15-Hour, and Residential Market Analysis and Highest & Best Use, or equivalent courses is required.
Students must sign a waiver at the beginning of the course stating that they have the prerequisites. If they do not, they will not hold the Appraisal Institute responsible and will not expect to receive special attention during the course.
Who Should Enroll
Beginning appraisers seeking residential licensure and/or certification with introductory experience and an understanding of the fundamental concepts of appraising
Click Here for State Approvals
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Class Schedule & Locations
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06/03/2013 - 06/04/2013
Location: Louisville, KY
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Sponsor: Bluegrass
Contact: Susan Katz, (502) 727-9181
Instructor: Smeltzer, Mark V., SRA
07/08/2013 - 07/09/2013
Location: San Diego, CA
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Sponsor: San Diego
Contact: Patti Kreutzer, (858) 292-7324
Instructor: Schwarzentraub, Sara F., SRA
07/22/2013 - 07/23/2013
Location: Pittsburgh, PA
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Sponsor: Pittsburgh Metropolitan
Contact: Mary Ann Hertzig, (412) 563-1900
Instructor: Smeltzer, Mark V., SRA
10/02/2013 - 10/03/2013
Location: Indianapolis, IN
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Sponsor: Hoosier State
Contact: Shannon O'Keefe, (317) 815-1340
Instructor: Slucter, Kern G., MAI, SRA
10/03/2013 - 10/04/2013
Location: Berlin, CT
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Sponsor: Connecticut
Contact: Jackie Beauchaine, (860) 482-9992
Instructor: Hagearty, Sean T., MAI
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