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    Appraising Automobile Dealerships

    Register
    On Demand
    Date
    On Demand
    Sponsor
    Appraisal Institute
    Location
    On-Demand Online Education
    Instructor
    Bradley R. Carter, MAI
    Class Time
    7 hours
    Full Price
    $145.00
    AI Price
    $120.00
    Course Description
    An automobile dealership is a special-use property that presents unique valuation challenges. To develop a credible valuation, you must not only understand the intricacies of this specialized property type, but also have some familiarity with the automotive industry and trends that affect the properties at which vehicles are sold. This 7-hour online program is intended for appraisers who are experienced in general commercial real estate valuation, and who wish to explore issues unique to automobile dealerships. It explores the relationship between the auto industry, auto dealership enterprises, and real property. It will also help those involved in financing, developing, designing and investing in auto dealership properties.
     
     
    Who Should Enroll
    • General real property appraisers with an interest in this property type
    • Individuals involved in financing, developing, designing, and investing in auto dealership properties
    AI CE Points
    Attend:
    75
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 7 7 Online Online 09/07/2023 09/07/2026 45126
    AR CE 7 7 Online Online 05/22/2022 07/24/2025
    AZ CE 7 7 Online Online 11/17/2023 11/17/2026 61721
    CA CE 7 7 Online Online 02/17/2022 02/16/2026 18CP754601309
    CO CE 7 7 Online Online 11/28/2023 11/17/2026 2472
    CT CE 7 7 Online Online 09/05/2023 10/11/2026 AAL.001124
    DC CE 7 7 Online Online 02/29/2024 02/28/2026
    DE CE 7 7 Online Online 11/17/2023 11/17/2026 61721
    FL CE 7 7 Online Online 11/21/2023 11/20/2025 0010655
    GA CE 7 7 Online Online 11/28/2023 11/27/2026 72830
    HI CE 7 7 Online Online 11/07/2023 12/31/2024 23-406
    IA CE 7 7 Online Online 11/28/2023 11/17/2026 A518-1245
    ID CE 7 7 Online Online 09/19/2023 11/17/2026
    IL CE 8 8 Online Online 01/01/2023 12/31/2024 575.010246
    IN CE 7 7 Online Online 11/17/2023 11/17/2026 61721
    KS CE 7 7 Online Online 01/01/2024 12/31/2024 172.C24.R
    KY CE 7 7 Online Online 07/01/2024 05/30/2025
    LA CE 7 7 Online Online 01/30/2024 11/17/2026 A0366
    MA CE 7 7 Online Online 11/28/2023 11/27/2025 120035
    MD CE 7 7 Online Online 11/17/2023 11/17/2026 61721
    ME CE 7 7 Online Online 11/17/2023 11/17/2026 61721
    MI CE 7 7 Online Online 09/05/2023 09/05/2026 20 - 948349
    MN CE 7 7 Online Online 04/01/2024 03/31/2026 1024668
    MO CE 7 7 Online Online 11/27/2023 11/27/2026
    MS CE 7 7 Online Online 11/28/2020 11/17/2025 MAB 50042
    MT CE 7 7 Online Online 09/06/2023 09/02/2026 REA-CEC-REC-16940
    NC CE 7 7 Online Online 01/01/2024 12/31/2024 4212
    ND CE 7 7 Online Online 11/28/2023 11/11/2026 CE-223080
    NE CE 7 7 Online Online 02/16/2023 03/03/2028 2182402.02
    NH CE 7 7 Online Online 11/28/2023 09/01/2025
    NJ CE 7 7 Online Online 11/28/2023 11/17/2026 2023-3434
    NM CE 7 7 Online Online 09/21/2023 11/17/2026 4324
    NY CE 7 7 Online Online 01/01/2024 12/31/2024 A4820-07
    OH CE 7 7 Online Online 01/01/2024 12/31/2024 923403609A 23
    OK CE 7 7 Online Online 09/20/2023 11/17/2026 995
    OR CE 7 7 Online Online 11/28/2023 11/17/2026 APIN-C-1023-9010
    PA CE 7 7 Online Online 11/28/2023 11/17/2026
    PR CE 7 7 Online Online 11/17/2023 11/17/2026 61721
    RI CE 7 7 Online Online 09/28/2023 11/17/2026 REA.0002086-CE
    SC CE 7 7 Online Online 09/01/2024 08/31/2026 AC . 1701
    SD CE 7 7 Online Online 11/26/2023 09/11/2026 SD 1272 CE
    TN CE 7 7 Online Online 03/01/2024 02/28/2026 2132
    TX CE 7 7 Online Online 11/28/2023 11/17/2025 TX Provider #:10 Course #: 45126
    UT CE 7 7 Online Online 04/01/2024 03/31/2026 AC240305
    VA CE 7 7 Online Online 11/17/2023 11/17/2026 61721
    VT CE 7 7 Online Online 02/15/2024 02/15/2027 CA-218768
    WA CE 7 7 Online Online 11/28/2020 11/27/2026 A23025979
    WI CE 7 7 Online Online 11/17/2023 11/17/2026 61721
    WV CE 7 7 Online Online 11/28/2023 11/17/2026
    WY CE 7 7 Online Online 04/23/2024 11/27/2026
    Course Objectives
    • Identify a dealership property and the related important terminology.
    • Recognize how dealership franchises work and relate to properties that are bought and sold.
    • Identify the components of an automobile dealership and the different functions and profit centers.
    • Determine the fundamentals of auto dealership property market analysis.
    • Identify the questions that market analysis must resolve from the perspective of both the operator of a dealership and the owner of a dealership property (which may be a landlord who does not operate the business).
    • Recognize the 5-step process of developing a market analysis.
    • Identify the important criteria in analyzing and evaluating a successful auto dealership location.
    • Identify characteristics of auto dealership improvements to develop a credible appraisal.
    • Recognize functional features and characteristics in the current market and the markets the industry envisions in the future.
    • Identify how the three approaches to value relate to automobile dealership property valuation.
    • Identify property that is operated in conjunction with a going concern.
    • Determine valuation issues specific (or common) to automobile dealership property appraisals.
    • Identify an auto dealership’s highest and best use, the six-stage lifecycle, and how it relates to various valuation premises.
    • Recognize the foundation for a credible analysis.
    • Select, verify, and present comparables and identify the relevance and limitation of the sales comparison approach.
    • Identify the various units of comparison, along with their attributes and shortcomings.
    • Apply adjustments properly.
    • Identify how to value the underlying land and relevance and limitations of the cost approach.
    • Estimate the depreciated cost.
    • Identify basic methodology for the income capitalization approach.
    • Recognize the difficulty in finding good rent comparables and how to proceed in their absence.
    • Develop a pro forma and income capitalization.
    Course Details

    Program Overview:
    Online Syllabus

    Assignments:
    No

    Equipment:

    Additional Information:

    Online Course Access
    Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.
    1. Click "Education and Events" on the right navigation menu.
    2. Find the course under the “Online Courses” heading and click the “Begin” button.
    IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue.

    Other Details
    For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions.

    Requirements:

    Online Education FAQ

    Prerequisites
    Knowledge and experience with basic appraisal theories and fundamental appraisal practices
    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 12/31/2050
    $145.00 $120.00