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Advanced Sales Comparison & Cost Approaches

    Date: February 4 - 10, 2010   Location: Costa Mesa, CA
 
  Course    
Category  General [Gen]  
Level  II  
Attendance Hours  36.0  
Exam Hours  4.0  
Current Price  $ 675.00 Member
$ 775.00 Regular
Note
Please register early  		After Jan 23, 2010
$ 50.00 Late Fee
 
  Instructor    
Gary P. Taylor, MAI, SRA  
Instructor Pending  
    
 
  Location    
Name  National University  
Address  3390 Harbor Drive  
City  Costa Mesa  
State  CA  
Zip  92626  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Southern California
Website  www.sccai.org  
Contact Name  Zouka Rosen  
Email  zouka@sccai.org  
Phone  (818) 957-5111x21  
Fax  (818) 957-0702  
 
  Description    
This course provides in-depth instruction in the sales comparison and cost approaches. Participants explore ways to identify and measure elements of comparison as well as methods to select and support adjustments including graphing, pairing, sorting, regression analysis, and qualitative analysis. After reviewing the standard methods of calculation, the course explores special applications and common errors in using or misapplications of the approaches.

All components of the cost approach are explored thoroughly, with particular attention paid to feasibility and current cost, including supporting entrepreneurial incentive and calculating lease-up costs. In addition, participants study advanced data confirmation techniques, learn how to make all three approaches consistent in the reconciliation process, and discover traps to avoid.



This course may be used to fulfill the 30-hour Elective topic requirement toward certification in states where approved for QE credit. NOTE: This course is not a substitute for the prerequisite General Appraiser Sales Comparison Approach or General Appraiser Site Valuation & Cost Approach courses.



Note: Required MAI Designation Course


Content


  • Sales comparison approach

    • Elements of comparison
    • Adjustments
    • Land valuation
  • Cost approach

    • Current cost
    • Depreciation


What You Will Gain


At the end of the course, you will be able to:


  • Recognize how the cost approach applies to everyday situations and when it is most applicable
  • Explore categories of depreciation—extraction, breakdown and specialized applications such as nonconforming uses and troubled markets
  • Extract depreciation from the market and apply it to real-world problems
  • Develop more effective sales verification techniques to confirm data
  • Support feasibility conclusions using current cost


Required Texts

  • The Appraisal of Real Estate, 13th ed.

  • Uniform Standards of Professional Appraisal Practice (USPAP), current ed.

  • Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute, current ed.


Downloads
  • Table of Contents and Overview [PDF]
  • Course Schedule [PDF]
    •  
      Audience    
    General appraisers with a working knowledge of the three approaches to value
     
      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, Basic Appraisal Procedures, General Appraiser Income Approach/ Part 1, General Appraiser Income Approach/ Part 2, General Appraiser Sales Comparison Approach, General Appraiser Site Valuation and Cost Approach, and General 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.

    Required
  • Code of Professional Ethics & Standards of Professional Appraisal Practice of the Appraisal Institute, current ed.
  • Uniform Standards of Professional Appraisal Practice, current ed.
  • The Appraisal of Real Estate, 12th ed.
  • A Guide to Appraisal Valuation Modeling
    •  
      For Further Reading    
    •  Advanced Sales Comparison & Cost Approaches  
    •  The Dictionary of Real Estate Appraisal, 4th ed.  
    •  A Guide to Appraisal Valuation Modeling  
     
      Disclaimer    
    Cancellation Policy
    • Up To 15 days prior to program start date, $50.00 cancellation fee.
    • 2 - 14 days prior to program start date, $100.00 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.
    ENROLLMENT
    Enrollment is on a first-come, first served basis. If the event is filled, a waiting list will be retained. The Southern California Chapter reserves the rights to cancel, limit, or reschedule this event if the minimum enrollment level is not reached, and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations. There are NO transfers; you must cancel out of the offering.

    PREREQUISITES
    Some classes have prerequisites. Be sure to read the course description to find out if there are any prerequisites for this course.

    REQUIRED TEXTBOOKS AND EQUIPMENT
    Some classes have required textbooks and/or required equipment. Be sure to read the course description to find out if there are any required textbooks and/or required equipment for this course. There will not be any equipment or textbooks for purchase at the class. You must buy them ahead of time.

    ADA COMPLIANCE
    It is the policy of the Appraisal Institute to provide reasonable accommodations for qualified persons with disabilities who are participating in Appraisal Institute educational programs. If you need accommodations to participate because of a disability, please notify us in writing at least two weeks in advance of the program and we will arrange for reasonable accommodation. Without two weeks’ notice, accommodation may not be available.

    ATTENDANCE
    The Appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies. The Appraisal Institute issues certificates for state certification/licensing or state continuing education credit that verify successful completion and attendance of 100%, with your grade notification letter for courses, or at the conclusion of seminars. One hundred percent (100%) attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements

    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    
    DATES: FEBRUARY 4,5,6,8,9,10th
    Class ends around noon on the 10th

    CHECK IN and Continental Breakfast at: 8:00am

    CLASS STARTS: at 8:30am

    PARKING: FREE

    LUNCH: You are on your own

    Temperatures in Class Rooms vary. Please dress accordingly.


    •  FACILITY INFORMATION AND DIRECTIONS  
     

     
     
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    conducts its activities in accordance with federal, state and local laws.
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