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Marshall & Swift Commercial Cost Training

    Online Education
 
  Seminar    
Category  General [Gen]  
Attendance Hours  7.0  
Current Price  $ 114.00 Member
$ 137.00 Regular
    
 
  Location    
Appraisal Institute - Online Education
 
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  Sponsor / Contact    
Contact Name  John Witham  
  Appraisal Institute  
Email  tbe@appraisalinstitute.org  
Phone  (312) 335-4207  
 
  Description    
Overview:

Jointly developed with Marshall & Swift, The Cost Approach to Commercial Appraising explains the cost approach in great detail and examines how this method is used to determine the replacement costs of commercial buildings and other improvements in the USA and throughout Canada.
Note: This seminar does not address site or land valuation.

Designed for appraisal professionals and students who use the Marshall Valuation Service, this 7-hour seminar details the various steps of the cost approach, defines all related terminology, and explains how to determine a structure’s Replacement Cost New.



NOTE: Marshall & Swift software is not required for use in this class.




Syllabus:

Introduction

Module 1: Cost Approach Overview

Module 2: Occupancy Groups

Module 3: Construction Class

Module 4: Quality

Module 5: Refinements and Adjustments

Module 6: Interpolation and Modifying Adjustments

Module 7: Case Studies - Obtaining a Replacement Cost New (RCN)

Module 8: Depreciation

Conclusion


Learning Objectives:

  • Identify the theory and basic steps of the cost approach.

  • Estimate the cost of improvement by using the cost approach.

  • Identify the class of construction and how it would impact the cost factor.

  • Identify building quality levels for pricing purposes.

  • Apply refinements and adjustments to the base building cost to complete the valuation process.

  • Interpolate between two costs when a building falls between two published areas.

  • Apply various methods to determine a building's depreciation.

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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.

    		    
    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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