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Basic Appraisal Procedures
Date:
September 29 - October 2, 2010
Location:
Tigard, OR
Course
Category
General/Residential [G/R]
Level
I
Attendance Hours
28.0
Exam Hours
2.0
Current Price
$ 400.00
Instructor
Terry O. Bernhardt, SRA
Roxanne R. Gillespie, MAI
Location
Name
Phoenix Inn & Suites
Address
9575 SW Locust St.
City
Tigard
State
OR
Zip
97223
Phone
(503) 624-9000
Click Here
to check state approvals
Sponsor / Contact
Chapter
Greater Oregon
Website
www.oregonappraisers.org
Contact Name
Vicki Champ
Email
aioregon@oregonappraisers.org
Phone
(503) 316-1979
Fax
(503) 364-1456
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.
The 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 materials will be picked up at the site.
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.