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    General Appraiser Site Valuation and Cost Approach

    More Info Register
    On Demand
    Date
    On Demand
    Sponsor
    Appraisal Institute
    Location
    Instructor
    Kenneth G. Foltz, MAI, SRA
    Robert L. Moorman, MAI, SRA, AI-GRS
    Thomas R. Kirby, MAI, SRA
    Class Time
    27 hours
    Exam Time
    3 Hours
    Full Price
    $595.00
    AI Price
    $490.00
    Course Description
    This is a practical, hands-on course that concerns two basic aspects of real estate appraisal: land/site valuation and the development of the cost approach. Extensive use of problems and case studies will give you practice in applying site valuation and cost approach methods learned in previous courses. Special attention is given to the appraisal of various types of sites and the various means of measuring depreciation. Two in-depth case studies are presented. The first case study addresses the valuation of an industrial property and demonstrates the fundamentals of site valuation, estimation of current improvement cost, and various methods of recognizing and measuring depreciation. The second case study is a short one, featuring valuation of a residential subject site using the sales comparison approach, extraction, interview techniques, and information provided by professional cost data sources.

     

    Who Should Enroll
    Those seeking general real property appraiser certification
    AI CE Points
    Attend:
    175
    Attend & Pass Exam:
    225
    Pass Only:
    200
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 30 27 3 Online Online 04/28/2023 01/30/2026 19368
    AK QE 30 27 3 Online Online 04/28/2023 01/30/2026 19368
    AL CE 30 27 3 Online Online 10/01/2022 09/30/2024 C02784
    AL QE 30 27 3 Online Online 10/01/2022 09/30/2024 C02784
    AR CE 27 27 Online Online 03/02/2024 03/01/2026 AI015
    AR CE 27 27 Online Online 05/07/2024 01/30/2026 AI015
    AR QE 30 27 3 Online Online 03/02/2024 03/01/2026 AI015
    AR QE 30 27 3 Online Online 05/07/2024 01/30/2026 AI015
    AZ CE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    AZ CE 30 27 3 Online Online 01/31/2023 01/30/2026 46807
    AZ QE 30 27 3 Online Online 01/31/2023 01/30/2026 46807
    AZ QE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    CA CE 27 27 Online Online 03/02/2024 03/01/2028 20CP754601428
    CA QE 30 27 3 Online Online 03/02/2024 03/01/2028 20CP754601428
    CO CE 27 27 Online Online 01/31/2023 01/30/2026 2328
    CO CE 30 27 3 Online Online 01/31/2023 01/30/2026 2328
    CO CE 30 27 3 Online Online 01/31/2023 01/30/2026 2328
    CO CE 27 27 Online Online 01/31/2023 01/30/2026 2328
    CO QE 30 27 3 Online Online 01/31/2023 01/30/2026 2328
    CO QE 30 27 3 Online Online 01/31/2023 01/30/2026 2328
    CT CE 18 18 Online Online 01/31/2023 01/11/2026 AAL.001016
    CT QE 30 27 3 Online Online 01/03/2023 01/03/2026 APR.000284
    CT QE 30 27 3 Online Online 02/14/2024 01/30/2026 APR.000333
    DC CE 27 27 Online Online 02/29/2024 02/28/2026 6110
    DC QE 30 27 3 Online Online 02/29/2024 02/28/2026 6109
    DE CE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    DE CE 30 27 3 Online Online 01/31/2023 01/30/2026 46807
    DE QE 30 27 3 Online Online 01/31/2023 01/30/2026 46807
    DE QE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    FL CE 30 27 3 Online Online 04/07/2022 05/18/2025 0010162
    FL QE 30 27 3 Online Online 04/28/2023 04/27/2025 0009396
    GA CE 27 27 Online Online 01/31/2023 01/30/2026 71837
    GA CE 27 27 Online Online 01/31/2023 01/30/2026 71837
    GA QE 30 27 3 Online Online 01/31/2023 01/30/2026 71836
    GA QE 30 27 3 Online Online 01/31/2023 01/30/2026 71836
    HI CE 30 27 3 Online Online 01/01/2024 12/31/2024 23-495
    HI QE 30 27 3 Online Online 01/01/2024 12/31/2024 23-495
    IA CE 30 27 3 Online Online 01/31/2023 01/30/2026 A518-1092
    IA CE 27 27 Online Online 01/31/2023 01/30/2026 A518-1091
    IA QE 30 27 3 Online Online 01/31/2023 01/30/2026 A518-1093
    ID CE 27 27 Online Online 01/31/2023 01/30/2026 8302
    ID CE 27 27 Online Online 01/31/2023 01/30/2026
    ID QE 30 27 3 Online Online 01/31/2023 01/30/2026
    ID QE 30 27 3 Online Online 01/31/2023 01/30/2026 8302
    IL CE 28 28 Online Online 01/01/2023 12/31/2024 575.001396
    IL QE 30 27 3 Online Online 01/01/2023 12/31/2024 573.000527
    IN CE 30 27 3 Online Online 01/31/2023 01/30/2026 46807
    IN CE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    IN QE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    IN QE 30 27 3 Online Online 01/31/2023 01/30/2026 46807
    KS CE 27 27 Online Online 01/01/2024 12/31/2024 211.C24.R
    KS QE 30 27 3 Online Online 01/01/2024 12/31/2024 320.P24.R
    KY CE 30 27 3 Online Online 07/01/2023 06/30/2024
    KY CE 27 27 Online Online 07/01/2024 05/30/2025
    KY QE 30 27 3 Online Online 07/01/2023 06/30/2024
    KY QE 30 27 3 Online Online 07/01/2024 05/30/2025
    LA CE 27 27 Online Online 02/01/2023 01/30/2026
    LA QE 30 27 3 Online Online 02/01/2023 01/30/2026
    MA CE 27 27 Online Online 02/01/2023 01/30/2026 00120104-RA-CA
    MA QE 30 27 3 Online Online 05/23/2023 01/30/2026 120157
    MD CE 30 27 3 Online Online 01/31/2023 01/30/2026 46807
    MD CE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    MD QE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    MD QE 30 27 3 Online Online 01/31/2023 01/30/2026 46807
    ME CE 30 27 3 Online Online 01/31/2023 01/30/2026 46807
    ME CE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    ME QE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    ME QE 30 27 3 Online Online 01/31/2023 01/30/2026 46807
    MI CE 27 27 Online Online 02/01/2023 01/30/2026 3199
    MI CE 27 27 Online Online 01/30/2023 01/30/2026 3199
    MI QE 30 27 3 Online Online 01/30/2023 01/30/2026 3199
    MI QE 30 27 3 Online Online 01/30/2023 01/30/2026 3199
    MI QE 30 27 3 Online Online 01/30/2023 01/30/2026 3199
    MO CE 27 27 Online Online 01/31/2023 01/30/2026
    MO QE 30 27 3 Online Online 01/31/2023 01/30/2026
    MS CE 27 27 Online Online 01/31/2023 01/30/2025 MAB #50232
    MS QE 30 27 3 Online Online 01/31/2023 01/30/2025 MAB #50232
    MT CE 27 27 Online Online 02/26/2023 01/29/2026 REA-CEC-REC-16025
    MT QE 30 27 3 Online Online 02/26/2023 01/29/2026 REA-CEC-REC-16025
    NC QE 30 28 2 Online Online 01/01/2024 12/31/2024
    ND CE 27 27 Online Online 01/31/2023 01/30/2026 CE-223005
    ND QE 30 27 3 Online Online 01/22/2023 01/30/2026 QE-223003
    NE QE 30 27 3 Online Online 01/31/2023 01/30/2026 1202419.02
    NH CE 30 27 3 Online Online 02/01/2023 01/30/2026
    NH QE 15 14 1 Online Online 03/18/2022 07/20/2024
    NJ CE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    NJ QE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    NJ QE 30 27 3 Online Online 07/20/2021 07/20/2024 2023-3402
    NM CE 27 27 Online Online 01/31/2022 01/30/2026 4184
    NM CE 27 27 Online Online 12/22/2022 01/30/2026 3003
    NM QE 30 27 3 Online Online 01/31/2023 01/30/2026 3003
    NV CE 27 27 Online Online 11/01/2023 10/31/2024 CE.0009608-A
    NV QE 30 27 3 Online Online 08/01/2023 08/01/2024 PL.0009305-A
    NY CE 27 27 Online Online 01/01/2024 12/31/2024 A5540-27
    NY QE 30 27 3 Online Online 10/01/2023 09/30/2024 Q0213 G6
    OH CE 27 27 Online Online 01/01/2024 12/31/2024 923403911A 24
    OH QE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    OH QE 30 27 3 Online Online 01/31/2023 01/30/2026 46807
    OK CE 27 27 Online Online 01/26/2023 01/30/2026 904
    OK QE 30 27 3 Online Online 01/26/2023 01/30/2026 60L
    OR CE 27 27 Online Online 01/31/2023 01/30/2026 APIN-Q-1222-8957
    OR QE 30 27 3 Online Online 01/31/2023 01/30/2026 APIN-Q-1222-8957
    PA CE 27 27 Online Online 01/31/2023 01/30/2026
    PA CE 27 27 Online Online 01/31/2023 07/20/2024
    PA QE 30 27 3 Online Online 01/31/2023 01/30/2026
    PA QE 30 27 3 Online Online 01/31/2023 07/20/2024
    PR CE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    PR CE 30 27 3 Online Online 01/31/2023 01/30/2026 46807
    PR QE 30 27 3 Online Online 01/31/2023 01/30/2026 46807
    PR QE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    RI CE 27 27 Online Online 01/31/2023 01/30/2026 REA.0001952-CE
    RI CE 27 27 Online Online 01/31/2023 07/20/2024
    RI CE 30 27 3 Online Online 07/21/2024 01/30/2026 REA.0002202-CE
    RI QE 30 27 3 Online Online 01/31/2023 01/30/2026 REA.0001952-CE
    SC QE 30 27 3 Online Online 09/01/2022 08/31/2024 AS.1DQE-12
    SD QE 30 27 3 Online Online 09/15/2023 09/15/2026 SD 661
    TN CE 27 27 Online Online 05/01/2024 04/30/2026 2389
    TN QE 30 28 2 Online Online 04/08/2022 09/30/2025 2389
    TX CE 27 27 Online Online 01/29/2023 01/30/2025 TX Provider #:10 Course #45123
    UT CE 27 27 Online Online 09/01/2023 08/31/2025 AC230808
    UT QE 30 27 3 Online Online 09/01/2023 08/31/2025 AQ230807
    VA CE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    VA CE 30 27 3 Online Online 01/31/2023 01/30/2026 46807
    VA QE 30 27 3 Online Online 04/01/2024 12/31/2025 4006000430
    VT CE 27 27 Online Online 02/15/2024 11/29/2027 CA-218780
    VT QE 30 27 3 Online Online 02/15/2024 11/29/2027 CA-218780
    WA CE 30 27 3 Online Online 01/21/2024 01/30/2026 A23000413
    WA CE 27 27 Online Online 01/21/2024 01/30/2026 A23000413
    WA QE 30 27 3 Online Online 01/21/2024 01/30/2026 A23000413
    WI CE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    WI CE 30 27 3 Online Online 01/31/2023 01/30/2026 46807
    WI QE 30 27 3 Online Online 01/31/2023 01/30/2026 46807
    WI QE 30 27 3 Online Online 01/30/2023 01/30/2026 46807
    WV CE 30 27 3 Online Online 05/10/2023 01/30/2026
    WV QE 30 27 3 Online Online 05/10/2023 01/30/2026
    WY CE 27 27 Online Online 01/31/2023 01/30/2026 1918
    WY QE 30 27 3 Online Online 01/31/2023 01/30/2026 1917
    WY QE 30 27 3 Online Online 01/31/2023 01/30/2026
    Course Objectives
    • Develop a complete cost approach. The step-by-step process of estimating current construction cost is the focus.
    • Identify and use data sources and the comparative-unit method of cost calculation.
    • Apply the age-life and market extraction methods of estimating depreciation.
    • Apply the breakdown method for estimating depreciation, including physical deterioration, functional obsolescence, and external obsolescence.
    • Recognize elements of cost approach summation, including reconciliation of depreciation estimates.
    • Identify basic site valuation principles and how they relate to the concept of market analysis and the development of a highest and best use conclusion.

    Course Details

    Program Overview:

    Online Syllabus

    Assignments:
    No

    Equipment:

    Additional Information:

    Exam
    You will have 90 days from the time that you complete the course to take the proctored, offline exam. Testing center locations in your area can be found by clicking on this link:www.pearsonvue.com/ai.
    Exam FAQ

    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

    Additional Course Offerings
    Sponsor Date Location Format
    Puerto Rico and Caribbean Chapter May 30 - July 2, 2024 PUERTO RICO Classroom View Details Register
    Appraisal Institute July 22 - August 1, 2024 Synchronous View Details Register
    Tennessee Chapter August 26-29, 2024 Nashville, TN Classroom View Details Register
    North Texas Chapter September 9-12, 2024 Dallas, TX Classroom View Details Register
    Appraisal Institute September 16-26, 2024 Synchronous View Details Register
    Massachusetts Rhode Island and Maine Chapter October 16-19, 2024 Woburn, MA Classroom View Details Register
    Event Information
    Students should confirm state approvals prior to registering for any Appraisal Institute program.