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Sales Comparison Valuation of Small, Mixed-Use Properties

    Date: December 10 - 11, 2009   Location: Randolph, MA
 
  Course    
Category  Residential [Res]  
Level  III  
Attendance Hours  15.0  
Exam Hours  1.0  
Current Price  $ 350.00 Member *
$ 400.00 Regular *
* SAVE! early registration
 
  Instructor    
Edward V. Bowler, MAI, SRA  
    
 
  Location    
Name  Comfort Inn Randolph  
Address  1374 Main Street  
City  Randolph  
State  MA  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Massachusetts
Website  www.ma-appraisalinstitute.org  
Contact Name  Lianne Andreucci  
Email  l.andreucci@comcast.net  
Phone  (781) 397-8922  
Fax  (781) 388-9052  
 
  Description    
The course provides residential appraisers with the tools needed to appraise properties with multiple sources of value. The course walks participants through the process of collecting data, selecting the most comparable data, analyzing the data, communicating the analysis, and defending the value opinion using the sales comparison approach. Participants will learn how to find market support for adjustments and adjust for differences in complex elements of comparison such as parking, land use, and seller financing. After discussion of a case study that offers practice in applying the analytical techniques introduced in the course, the class reviews reconciliation, communication skills, and consistency among the approaches. Relevant standards issues are considered throughout the course.


Content:


  • Sources of value in mixed-use real estate
  • Typical and atypical units of comparison for analyzing mixed-use property
  • Primary and secondary data and their uses
  • The adjustment process and effective tools for analysis
  • Qualitative and quantitative issues in reaching a final opinion


What You Will Gain:


At the end of this course, participants will be able to:


  • Recognize the general applicability and limitations of the sales comparison approach
  • Distinguish among sources of value in mixed-use real estate
  • Support adjustments using matched pairs analysis, graphical and regression analysis, extraction of size adjustment, and cost-related analysis
  • Identify the type and quality of data required for the assignment


Recommended Text


The Appraisal of Real Estate, 13th ed.




USPAP Ordering Information


To order the Uniform Standards of Professional Appraisal Practice, members can call 312-335-4469 for a complimentary copy. Nonmembers call 800-348-2831 and pay $50 or order online from The Appraisal Foundation's Web site at www.appraisalfoundation.org.




To order the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute, call 312-335-4469. A complimentary copy is available to members and nonmembers pay $25.



Downloads
  • Table of Contents and Overview [PDF]
  • Course Schedule [PDF]
    •  
      Audience    
    Residential appraisers with an interest in this property type, real estate professionals, users of appraisal services
     
      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 and Basic Appraisal Procedures 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
  • Uniform Standards of Professional Appraisal Practice, current ed.
    •  
      For Further Reading    
    •  Sales Comparison Valuation of Small, Mixed-Use Properties  
    •  The Appraisal of Real Estate, 12th 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.
    		    
    Registration Information - Reservations are on a first come, first serve basis. Only those reservations that include full payment will be considered. Space is not guaranteed for those who register after the registration deadline. Priority is given to students enrolling for more than one course. Seating is limited and sessions may fill quickly. Register early. Students without materials may not take the course. A minimum enrollment is required to be able to offer these courses. We reserve the right to cancel or re-schedule this course if a minimum enrollment is not met. If the course is cancelled, you will be notified and given a full refund. Consequently, we do not recommend purchasing non-refundable airline tickets. All cancellations must be submitted in writing. Confirmed students should not assume that cancellation has been granted until a confirmation has been received. Other Information If you have a disability and require accommodation, please notify the chapter office at least two weeks in advance and we will arrange for reasonable accommodation. We reserve the rights to cancel, limit, or reschedule the course and to change faculty assignments and facility locations at any time. APPRAISER QUALIFICATION HOURS & ATTENDANCE POLICY 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. One hundred percent (100%) attendance is required for all Appraisal Institute education programs. Credit and a course completion certificate can only be issued by attending 100% of the course. Please plan accordingly and be on time as late arrival or leaving early could jeopardize your receiving a certificate of attendance. Makeup of missed sessions is not allowed. Disability - If you have a disability and may require some accommodation, please notify the chapter office in writing at least two weeks in advance of each course and we will arrange for reasonable accommodation.

    Program materials will be picked up at the site.
     
      Additional Information    
    Location:
    Comfort Inn – Randolph
    1374 Main Street
    Randolph, Massachusetts

    Registration – 8:005 am
    Classroom Hours - 8:30 am - 5:00 pm daily

    Course materials, shipping fees, and AM break included in tuition. Lunch and afternoon break is "on your own".


    Early Registration Fee until 11/24


    •  Hotel Information  
     

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