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Basic Appraisal Procedures

    Date: February 22 - 25, 2010   Location: Chicago, IL
 
  Course    
Category  General/Residential [G/R]  
Level  I  
Attendance Hours  28.0  
Exam Hours  2.0  
Current Price  $ 325.00 Designated
$ 425.00 Member
$ 525.00 Regular
Note
Please register early  		After Feb 08, 2010
$ 50.00 Late Fee
 
  Instructor    
Daniel T. Nillen, SRA  
Instructor Pending  
    
 
  Location    
Name  Chicago Chapter Education Center (New)  
Address  205 W. Wacker Dr.  
   Suite 202  
City  Chicago  
State  IL  
Zip  60606  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Chicago
Website  www.ccai.org  
Contact Name  Kate Fulford  
Email  kate@ccai.org  
Phone  (312) 616-9405  
Fax  (312) 616-9404  
 
  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
    • $50.00 cancellation fee.
    • Less than 2 days prior to program start date, forfeit of payment.
    		       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.
    The Chicago Chapter enforces the attendance requirements as mandated by the State of Illinois and the AQB. There is a 100% attendance policy, if you are late, you will not receive credit. If you are late the first day of the course, you may stay in class but you will not receive credit. Registration begins at 8:00 am for every course. Each course begins promptly at 8:30 am each day.

    Program Material Policy
    Beginning four weeks before the course start date, program materials will be shipped to the student. If you do not receive your materials within five business days of the start date, PLEASE NOTIFY the Chicago Chapter office immediately. All students must bring their materials with them to class; there will be NO EXTRA’s available.

    Cancellation Policy: Please read carefully.
    The Chicago Chapter charges a $50 cancellation fee. If you cancel less than 48 hours before the start of the course or seminar you will receive no refund. All cancellations must be submitted in writing to receive a refund. If the materials have been shipped to you and you cancel and request a refund, a call tag will be sent to you from UPS for the return of the materials. You will be issued your refund when your materials are received at the warehouse. The Chicago Chapter reserves the right to cancel, limit or reschedule the programs and to change faculty assignments at any time. Prospective students should confirm their registrations before making any non-refundable airline reservations.



    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    
    Class Schedule:
    Registration:
    Monday, February 22 8:00a-8:30a
    Class begins at 8:30 each morning/ends at 5:00
    The exam is written on the last day of class in the afternoon.

    Hotel Information can be found on the website at www.ccai.org under the education link, pull down menu,
    “where can I stay”.

    Please contact Kate kate@ccai.org 312.335.9405 or LA la@ccai.org 312.616.9406
    if you have any questions or need assistance.

    CCAI office: 312.616.9400 FX: 312.616.9404
     

     
     
    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.