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Basic Appraisal Procedures

    Date: November 1 - 4, 2010   Location: Independence, OH
 
  Course    
Category  General/Residential [G/R]  
Level  I  
Attendance Hours  28.0  
Exam Hours  2.0  
Current Price  $ 625.00 Member *
$ 650.00 Regular
* SAVE! early registration
 
  Instructor    
Robert E. Kendall, MAI, SRA  
Charles L. Cather, SRA  
    
 
  Location    
Name  The University of Phoenix  
Address  5005 Rockside Road  
City  Independence  
State  OH  
Zip  44131  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Northern Ohio
Website  www.aiohio.org  
Contact Name  Amy Cramer  
Email  info@aiohio.org  
Phone  (216) 520-0560  
Fax  (216) 274-9289  
 
  Description    
In this four-day course, you will apply the principles and concepts you learned in Basic Appraisal Principles. The course will take you step-by-step through the valuation process including defining the problem, collecting and analyzing data, reaching a final opinion of value, and communicating the appraisal. You will learn about the three approaches to reaching an opinion of value—income capitalization, cost, and sales comparison—and apply them in true-to-life case studies and problems. After examining income capitalization methods and formulas, you will learn how rates and multipliers are derived. Through case studies you will discover the steps and concepts involved in the cost approach—how appraisers estimate the cost of constructing a reproduction of or replacement for an existing structure; the three major components of depreciation and methods for estimating and allocating depreciation; and land and site valuation. The course will guide you through the sales comparison approach including researching the market, verifying information, selecting units of comparison, conducting a comparative analysis, making adjustments, and reconciliation. You also will complete key sections of an appraisal report. In addition, the course provides an introduction to property description and construction and design basics. By successfully completing the course and exam you will have met most states’ education requirements for content identified as basic appraisal procedures.






National Registry of CPE SponsorsThe Appraisal Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN, 37219-2417. Web site: www.nasba.org.

Delivery Method: Group-Live


Downloads

  • Table of Contents and Overview [PDF]
  • Course Schedule [PDF]
    •  
      Audience    
    Beginning appraisers, real estate professionals, users of appraisal services, college students, accountants
     
      Equipment    
  • 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 Exercises
  • For additional help with the HP12C calculator, take our online seminar, Using Your HP12C Financial Calculator.
    		•
     
      Prerequisites    
    Successful completion of Basic Appraisal Principles or equivalent course 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.
     
      For Further Reading    
    •  Basic Appraisal Procedures  
    •  The Appraisal of Real Estate, 13th ed.  
    •  The Dictionary of Real Estate Appraisal, 4th ed.  
    •  Appraising Residential Properties, 4th ed.  
     
      Disclaimer    
    Cancellation Policy
    • Up To 15 days prior to program start date, refund in full.
    • 7 - 14 days prior to program start date, $50.00 cancellation fee.
    • Less than 7 days prior to program start date, forfeit of payment.
    		   Transfer Policy
    • Up To 15 days prior to program start date, no transfer fee.
    • 7 - 14 days prior to program start date, $25.00 transfer fee.
    • Less than 7 days prior to program start date, no transfer allowed.
    		   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.
    Enrollment is on a first-come, first-served basis. The Northern Ohio Chapter reserves the right to cancel this course if the minimum enrollment level is not reached. Attendance requirements mandated by the state of Ohio will be strictly enforced. Certificates will be issued to those in attendance for 100% of the course hours or better. If you have a disability and may require some accommodation, please notify us in writing at least 2 weeks in advance and we will arrange for reasonable accommodation.

    Program materials will be shipped directly to the student. If you do not receive your materials within 5 days before the offering start date, please call the sponsor to inform them.
     
      Additional Information    
    November 1 – registration is at 8:00 a.m. with class from 8:30 a.m. – 5:00 p.m. November 2-4 – class from 8:30 a.m.–5:00 p.m. (exam is the last two hours on November 4) University of Phoenix, 5005 Rockside Road, Independence, Ohio 44131, telephone number 216-447-8807.
     

     
     
    The Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and
    conducts its activities in accordance with federal, state and local laws.
    Copyright © Appraisal Institute.
    All rights reserved.