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Residential Site Valuation and Cost Approach
July 22 - 23, 2013
Mark V. Smeltzer, SRA
Best Western Parkway Center Inn
875 Greentree Road
to check state approvals
Sponsor / Contact
Mary Ann Hertzig
Designed for participants with introductory experience and understanding of fundamental concepts of appraising, it focuses on the valuation of vacant land parcels and the development of the cost approach. Develop your skills by creating a current cost estimate using market extraction, interview techniques, and information provided by professional cost data sources. An in-depth case study takes you from the origin of the appraisal assignment to a final value estimate using various cost approach applications. By successfully completing the course and exam, you will have met most states’ education requirements in the content area identified as residential site valuation and cost approach.
Table of Contents and Overview
Beginning appraisers seeking residential licensure and/or certification with introductory experience and an understanding of the fundamental concepts of appraising
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.
Using a Financial Calculator; Symbols and Formulas, Capitalization Selection Tree, and Sample Problems;
Financial Calculator Practice Exercises
For additional help with the HP12C calculator, take our online seminar,
Using Your HP12C Financial Calculator.
Laptops NOT REQUIRED
Successful completion of
Basic Appraisal Principles
Basic Appraisal Procedures
National Uniform Standards of Professional Appraisal Practice (USPAP) Course, 15-Hour
Residential 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.
For Further Reading
The Appraisal of Real Estate, 13th ed.
The Dictionary of Real Estate Appraisal, 5th ed.
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.
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 Residential Site Valuation & Cost Approach Course will be held at Best Western Parkway Center Inn, 1st floor (www.bestwestern.com/parkwaycenterinn)412-922-7070. Check in anytime between 8-8:30am class begins at 8:30am. Tuition includes material and coffee breaks..no other food included..student on their own for lunch.
Best Western-Parkway Center-, 875 Greentree Road, Pittsburgh PA 15220 (412-922-7070 ext 154 "Gil Wynrib") Room rate of $119 advise that you are with the Appraisal Institute. The Best Western offers a continental breakfast, wi-fi and fitness room. The hotel will be going through some remodeling, but will not affect our classes. Class will be held in the Greentree room, just off the lobby. Enter lobby turn right go down the hall to the Greentree room.
OR TRY PRICELINE.COM A NUMBER OF STUDENTS WERE ABLE TO GET BETTER RATES AT SOME OF THE OTHER HOTELS IN THE AREA BY USING PRICE LINE.COM.
Any questions contact Mary Ann Hertzig at 412-563-1900 or email@example.com.