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Appraising From Blueprints and Specifications

    Online Education
 
  Seminar    
Category  General/Residential [G/R]  
Attendance Hours  7.0  
Current Price  $ 114.00 Member
$ 137.00 Regular
 
  Instructor    
Winfield L. Cooper, SRA  
    
 
  Location    
Appraisal Institute - Online Education
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Contact Name  John Witham  
  Appraisal Institute  
Email  tbe@appraisalinstitute.org  
Phone  (312) 335-4207  
 
  Description    
Overview:

This seminar will help appraisers understand and use construction documents when preparing appraisals. Both residential and non-residential examples are used throughout the seminar. Since construction language is universal regardless of property types, the examples and discussion will be meaningful to all participants.



The seminar employs readings, examples which relate construction documents to valuation issues, case studies involving both residential and non-residential properties, a discussion/bulletin board area, hyperlinks to related sites, and email. The case studies show participants how to read, understand and extract value-significant information from construction drawings; how to use construction drawings to complete a functional utility analysis; and how construction drawings relate to the cost of construction.


Note: The blueprints are available digitally in PDF format, so the course can be started right away. After registering for this class, a packet of construction drawings will be mailed to you. Please allow 7 days for delivery.



Syllabus:

Introduction

Module 1: The Languages of Construction

Module 2: Understanding Construction Documents

Module 3: Case Study - Single Family Residence

Module 4: The Density Concept

Module 5: Case Study - Industrial Property

Module 6: Problem Areas and Compliance with USPAP

Appendix: Tools to Help Appraisers Estimate the Value of Property Using Construction Documents


Learning Objectives:

  • Recognize the terminology and symbols used in construction documents.

  • Identify the components and uses of a set of construction drawings.

  • Identify the components and uses of a set of construction specifications.

  • Demonstrate understanding of the density concept and how it relates to cost of construction.

  • Recognize the relationships between and problems which occur from different types of cost, including architects' estimates, contractor's affidavits, and appraisers' cost systems.

  • Recognize problem areas with the three approaches to value which must be addressed when appraising using construction drawings.

  • Recognize problems that arise relative to compliance when using provisions of USPAP when using construction documents.

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      Disclaimer    
    Cancellation Policy
    If you are unable to complete a seminar once it begins, you may cancel out of the seminar before the official seminar end date. Once you cancel out of a seminar, however, you must start the seminar over at the beginning in any later enrollments. You cannot be placed into the seminar where you left off before canceling.

    The following tuition refund policy is in effect for canceled online seminars based on the amount of material completed in a seminar:

    • Less than 25% of the seminar completed: full tuition refund

    • More than 25% of the seminar completed: no tuition refund

    		   Transfer Policy
    If you wish to transfer a registration from one seminar to another, the following transfer policy applies based on the amount of material completed in a seminar:

    • Less than 25% of original seminar completed: transfer allowed

    • More than 25% of original seminar completed: no transfer allowed

    If you transfer from a lower priced seminar to a higher priced seminar, you will be responsible for paying the difference using the automated online system. If you transfer from a higher priced seminar to a lower priced seminar, an appropriate tuition refund will be issued.

    		   Program Material Policy

    Beginning 4 weeks before the offering start date, program material will be shipped directly to the student. If this material has been shipped and you request a registration cancellation, a call tag will be issued for the return of this material. A registration refund will not be issued until the material has been returned. A few seminars allow for the purchase of program material. Contact the offering sponsor for more information.
    • Cancel Offering, $75.00 material fee (if keeping program material).
    I agree to the terms and policies set forth under the Appraisal Institute Online Education Policy. I also certify that I am the person identified above under Personal Data and that I will personally complete each assigned module of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a member of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, that I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Appraisal Institute's Code of Professional Ethics and Standard of Professional Appraisal Practice, and that such peer review proceeding may result in termination of my Appraisal Institute membership.
     
      Additional Information    
    For online education, you will receive an email from the instructor on the morning of the session start date that will remind you of your login information and the website address to begin your program.

    To start immediately if you registered for an online education session in progress (on or after the session start date), go to www.appraisalinstitute.org and log in with the username and password you used when you registered. You will automatically be taken to the "My Appraisal Institute" page. Near the middle of that page your course will be listed with a link next to it that says "Go To Class".

    If you have any questions, please email us at tbe@appraisalinstitute.org.


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