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    General Appraiser Site Valuation and Cost Approach

    More Info Register
    September 16-26, 2024
    Date
    September 16-26, 2024
    Sponsor
    Appraisal Institute
    Location
    Appraisal Institute - Synchronous (Live Online)
    Instructor
    Don R. Scheidt, MAI, SRA
    Class Time
    27 hours
    Exam Time
    3 Hours
    Full Price
    $595.00
    AI Price
    $490.00
    Enroll by September 26!
    View Pricing Options
    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 Synchronous Livestream 07/21/2024 05/10/2027 19943
    AK CE 30 27 3 Synchronous Synchronous 07/21/2024 05/10/2027 19943
    AK QE 30 27 3 Synchronous Livestream 07/21/2024 05/10/2027 19943
    AK QE 30 27 3 Synchronous Synchronous 07/21/2024 05/10/2027 19943
    AL CE 30 27 3 Synchronous Livestream 03/18/2021 09/30/2024 C02677
    AL CE 30 27 3 Synchronous Synchronous 10/01/2022 09/30/2024 C02677
    AL QE 30 27 3 Synchronous Livestream 03/18/2021 09/30/2024 C02677
    AL QE 30 27 3 Synchronous Synchronous 10/01/2022 09/30/2024 C02677
    AR CE 28 28 Synchronous Livestream 11/20/2023 11/19/2025
    AR CE 30 27 3 Synchronous Synchronous 11/20/2023 11/19/2025
    AR QE 30 28 2 Synchronous Livestream 11/20/2023 11/19/2025
    AR QE 30 27 3 Synchronous Synchronous 11/20/2023 11/19/2025
    AZ CE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 68673
    AZ CE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 68673
    AZ QE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 68673
    AZ QE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 68673
    CA CE 27 27 Synchronous Livestream 04/16/2023 04/15/2027 19CP754601370
    CA CE 30 27 3 Synchronous Synchronous 04/16/2023 04/15/2027 19CP754601370
    CA QE 30 27 3 Synchronous Livestream 04/16/2023 04/15/2027 19CP754601370
    CA QE 30 27 3 Synchronous Synchronous 04/16/2023 04/15/2027 19CP754601370
    CO CE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 2705
    CO CE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 2705
    CO QE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 2705
    CO QE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 2705
    DC CE 30 27 3 Synchronous Livestream 02/29/2024 02/28/2026 3773
    DC CE 30 27 3 Synchronous Synchronous 02/29/2024 02/28/2026 3773
    DC QE 30 27 3 Synchronous Livestream 02/29/2024 02/28/2026 4003
    DC QE 30 27 3 Synchronous Synchronous 02/29/2024 02/28/2026 4003
    DE CE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 68673
    DE CE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 68673
    DE QE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 68673
    DE QE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 68673
    FL CE 30 27 3 Synchronous Livestream 07/12/2023 05/18/2025
    FL CE 30 27 3 Synchronous Synchronous 07/12/2023 05/18/2025
    FL QE 30 27 3 Synchronous Livestream 07/12/2023 09/26/2025 0010583
    IA CE 27 27 Synchronous Livestream 07/21/2024 06/18/2026 A518-2117
    IA CE 30 27 3 Synchronous Livestream 07/21/2024 06/18/2026 A518-2118
    IA CE 27 27 Synchronous Synchronous 07/21/2024 06/18/2026 A518-2117
    IA CE 30 27 3 Synchronous Synchronous 07/21/2024 06/18/2026 A518-2118
    IA QE 30 27 3 Synchronous Livestream 07/21/2024 06/18/2026 A518-2119
    IA QE 30 27 3 Synchronous Synchronous 07/21/2024 06/18/2026 A518-2119
    ID CE 30 27 3 Synchronous Synchronous 07/21/2024 05/08/2028
    ID CE 30 27 3 Synchronous Livestream 07/21/2024 05/08/2028
    ID QE 30 27 3 Synchronous Synchronous 07/21/2024 05/08/2028
    ID QE 30 27 3 Synchronous Livestream 07/21/2024 05/08/2028
    IL CE 27 27 Synchronous Livestream 01/01/2023 12/31/2024 575.010346
    IL CE 30 27 3 Synchronous Synchronous 12/01/2022 12/31/2024
    IL QE 30 27 3 Synchronous Livestream 01/01/2023 12/31/2024 573.000675
    IL QE 30 27 3 Synchronous Synchronous 12/01/2022 12/31/2024
    IN CE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 68673
    IN CE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 68673
    IN QE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 68673
    IN QE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 68673
    KS CE 30 27 3 Synchronous Livestream 01/01/2024 12/31/2024 196.C23.R
    KS CE 30 27 3 Synchronous Synchronous 01/01/2024 12/31/2024 196.C23.R
    KS QE 30 27 3 Synchronous Livestream 01/01/2024 12/31/2024 319.P24.R
    KS QE 30 27 3 Synchronous Synchronous 01/01/2024 12/31/2024 319.P24.R
    KY CE 27 27 Synchronous Synchronous 07/01/2024 05/30/2025
    KY CE 27 27 Synchronous Livestream 07/01/2024 05/30/2025
    KY QE 30 27 3 Synchronous Synchronous 07/01/2024 05/30/2025
    KY QE 30 27 3 Synchronous Livestream 07/01/2024 05/30/2025
    MD CE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 68673
    MD CE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 68673
    MD QE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 68673
    MD QE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 68673
    ME CE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 68673
    ME CE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 68673
    ME QE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 68673
    ME QE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 68673
    MI CE 27 27 Synchronous Livestream 07/21/2024 07/21/2027 20-708624
    MI CE 27 27 Synchronous Synchronous 07/21/2024 07/21/2027 20-708624
    MI QE 30 27 3 Synchronous Livestream 07/21/2024 06/25/2027 20-1220426
    MI QE 30 27 3 Synchronous Synchronous 07/21/2024 06/25/2027 20-1220426
    MN CE 27 27 Synchronous Livestream 05/01/2023 04/30/2025 1027362
    MN CE 30 27 3 Synchronous Livestream 05/01/2023 04/30/2025 1027361
    MN CE 30 27 3 Synchronous Synchronous 05/01/2023 04/30/2025 1027361
    MN QE 30 27 3 Synchronous Livestream 05/01/2023 04/30/2025 1027312
    MN QE 30 27 3 Synchronous Synchronous 05/01/2023 04/30/2025 1027312
    MO CE 27 27 Synchronous Livestream 07/21/2024 07/20/2027
    MO CE 27 27 Synchronous Synchronous 07/21/2024 07/20/2027
    MO QE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027
    MO QE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027
    MS CE 27 27 Synchronous Livestream 07/25/2024 07/24/2026 MAB #50131
    MS CE 27 27 Synchronous Synchronous 07/25/2024 07/24/2026 MAB # 50131
    MS QE 30 27 3 Synchronous Synchronous 07/25/2024 07/24/2026 MAB # 50131
    MS QE 30 27 3 Synchronous Livestream 07/25/2024 07/24/2026 MAB #50131
    NC QE 30 28 2 Synchronous Livestream 01/01/2024 12/31/2024
    NC QE 30 28 2 Synchronous Synchronous 01/01/2024 12/31/2024
    ND CE 30 27 3 Synchronous Livestream 07/21/2024 05/08/2028 QE-222009
    ND CE 30 27 3 Synchronous Synchronous 07/21/2024 05/08/2028 QE-222009
    ND QE 30 27 3 Synchronous Livestream 07/21/2024 05/08/2028 QE-222009
    ND QE 30 27 3 Synchronous Synchronous 07/21/2024 05/08/2028 QE-222009
    NE QE 30 27 3 Synchronous Livestream 12/07/2022 122340N.02
    NM CE 30 27 3 Synchronous Synchronous 07/21/2024 01/30/2026 REAB #4184 Course #3003
    NM CE 30 27 3 Synchronous Livestream 07/21/2024 01/30/2026 REAB #4184 Course #3003
    NM QE 30 27 3 Synchronous Synchronous 07/21/2024 01/30/2026 REAB #4184 Course #3003
    NM QE 30 27 3 Synchronous Livestream 07/21/2024 01/30/2026 REAB #4184 Course #3003
    NY CE 30 27 3 Synchronous Livestream 01/01/2024 12/31/2024 A5540-28
    NY CE 27 27 Synchronous Synchronous 01/01/2024 12/31/2024 A5540-28
    NY QE 30 27 3 Synchronous Livestream 10/01/2023 09/30/2024 Q0213 G6
    NY QE 30 27 3 Synchronous Synchronous 10/01/2023 09/30/2024 Q0213 G6
    OH CE 30 27 3 Synchronous Livestream 01/01/2024 12/31/2024 084400304A 22
    OH CE 30 27 3 Synchronous Synchronous 01/01/2024 12/31/2024 084400304A 22
    OH QE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 68673
    OH QE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 68673
    PA CE 27 27 Synchronous Synchronous 07/21/2024 01/30/2026
    PA CE 27 27 Synchronous Livestream 07/21/2024 01/30/2026
    PA QE 30 27 3 Synchronous Synchronous 07/21/2024 01/30/2026
    PA QE 30 27 3 Synchronous Livestream 07/21/2024 01/30/2026
    PR CE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 68673
    PR CE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 68673
    PR QE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 68673
    PR QE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 68673
    RI CE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 REA.0002220-CE
    RI CE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 REA.0002220-CE
    RI QE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 REA.0002220-CE
    RI QE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 REA.0002220-CE
    SC CE 30 27 3 Synchronous Synchronous 09/01/2022 08/31/2024 CE1783
    SC QE 30 27 3 Synchronous Livestream 09/01/2022 08/31/2024 AS.1QE-12
    SC QE 30 27 3 Synchronous Synchronous 09/01/2022 08/31/2024 AC.1783
    SD CE 30 27 3 Synchronous Livestream 07/17/2023 05/05/2026 SD 693
    SD CE 30 27 3 Synchronous Synchronous 07/17/2023 05/05/2026 SD 693
    SD QE 30 27 3 Synchronous Livestream 03/04/2022 05/05/2026 SD 693
    SD QE 30 27 3 Synchronous Synchronous 03/04/2022 05/05/2026 SD 693
    TN CE 27 27 Synchronous Livestream 02/08/2023 03/31/2025 00002275
    TN CE 3 0 3 Synchronous Synchronous 02/08/2023 03/31/2025
    TN QE 30 27 3 Synchronous Livestream 02/08/2023 03/31/2025 00002275
    TN QE 3 0 3 Synchronous Synchronous 02/08/2023 03/31/2025
    UT CE 27 27 Synchronous Livestream 05/01/2023 04/30/2025 AC230419
    UT CE 30 27 3 Synchronous Synchronous 05/01/2023 04/30/2025 AC230419
    UT QE 30 27 3 Synchronous Livestream 05/01/2023 08/31/2025 AQ210428
    UT QE 30 27 3 Synchronous Synchronous 05/01/2023 08/31/2025 AQ210428
    VA CE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 68673
    VA CE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 68673
    VA QE 30 27 3 Synchronous Livestream 01/01/2022 05/31/2025 4006000833
    VA QE 30 27 3 Synchronous Synchronous 06/01/2023 05/31/2025 40060000833
    VT CE 30 27 3 Synchronous Livestream 01/01/2022 01/21/2025
    VT CE 30 27 3 Synchronous Synchronous 01/01/2022 01/21/2025
    VT QE 30 27 3 Synchronous Livestream 01/01/2022 01/21/2025
    VT QE 30 27 3 Synchronous Synchronous 01/01/2022 01/21/2025
    WA CE 30 27 3 Synchronous Livestream 01/21/2024 01/30/2026 A23000413
    WA CE 30 27 3 Synchronous Synchronous 01/21/2024 01/30/2026 A23000413
    WA QE 30 27 3 Synchronous Livestream 01/21/2024 01/30/2026 A23000413
    WA QE 30 27 3 Synchronous Synchronous 01/21/2024 01/30/2026 A23000413
    WI CE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 68673
    WI CE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 68673
    WI QE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 68673
    WI QE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 68673
    WV CE 30 27 3 Synchronous Synchronous 07/21/2024 05/24/2027
    WV CE 30 27 3 Synchronous Livestream 07/21/2024 05/24/2027
    WV QE 30 27 3 Synchronous Synchronous 07/21/2024 05/24/2027
    WV QE 30 27 3 Synchronous Livestream 07/21/2024 05/24/2027
    WY CE 27 27 Synchronous Livestream 04/01/2022 03/01/2025
    WY CE 30 27 3 Synchronous Synchronous 04/01/2022 03/01/2025
    WY QE 30 27 3 Synchronous Livestream 04/01/2022 03/01/2025
    WY QE 30 27 3 Synchronous Synchronous 04/01/2022 03/01/2025
    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:
    Table of Contents and Overview
    Course Schedule

    Assignments:

    No

    Equipment:

    Additional Information:

    Course Materials Include:

    • Course Handbook (428 pp.)
    • Solutions Booklet (150 pp.)
    • Self Study Problems (67 pp.)
    • Pre-Class Memo (1 p.)
    • Case Study (28 pp.)

    You will be asked to clear the calculator’s memory before and after the examination. Only one calculator is permitted in the testing room. Examinees taking most AI exams may bring their own calculator to use during the exam. Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.

    Requirements:
    None specified

    Additional Course Offerings
    Sponsor Date Location Format
    Appraisal Institute On Demand Online 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
    Metropolitan New York Chapter September 17-26, 2024 New York, NY Classroom View Details Register
    Massachusetts Rhode Island and Maine Chapter November 13-16, 2024 Woburn, MA Classroom View Details Register
    Event Information

    Location:
    This course will be held via live interactive classroom technology. See below for important participation requirements.

    State Credit:
    A course may NOT be approved in every state for every delivery format. For example, some states do NOT allow any virtual education. When registering for any Appraisal Institute course, all participants will be required to check state approvals based on delivery formatFor more information, see our state approvals page.

    Class Schedule:
    Class begins each day at 10:00AM Central time (8:00AM Pacific, 9:00AM Mountain, 11:00AM Eastern). Each class runs for three hours and 30 minutes (3.50) each day with at least two breaks during that time. The course runs for eight (8) half-days. Times shown are U.S. Central (Chicago) time.

    Day 1: Monday, September 16, 10:00 am - 1:30 pm
    Day 2: Tuesday, September 17, 10:00 am - 1:30 pm
    Day 3: Wednesday, September 18, 10:00 am - 1:30 pm
    Day 4: Thursday, September 19, 10:00 am - 1:30 pm
    (No class on Friday, Saturday, or Sunday)

    Day 5: Monday, September 23, 10:00 am - 1:30 pm
    Day 6: Tuesday, September 24, 10:00 am - 1:30 pm
    Day 7: Wednesday, September 25, 10:00 am - 1:30 pm
    Day 8: Thursday, September 26, 10:00 am - 1:30 pm
     

     

    AI National Synchronous Participation Requirements:
    • All students are required to have a computer, webcam, and microphone capability to participate and receive continuing or qualifying education credit where approved. It is the student’s responsibility to have the required equipment to participate and receive credit. Visit the System Requirements for Attendees and Share Webcam pages for help.

     

    • All students are required to keep their webcam on with their entire face fully visible at all times while class is in session. Attendance will be monitored throughout the day through webcams and polling. A photo ID must be presented during roll call at the beginning of class on the first day. 

     

    • The instructor must be able to interact with all students. Instructors and administrators will direct questions to each student in the morning and afternoon to which students must respond. Students must be in a location that allows for their full attention and interaction at all times.

     

    For questions regarding these classroom participation requirements, contact the Appraisal Institute at sync@appraisalinstitute.org or call (312) 335-4473.


    Connection Information:
    Several minutes after you receive your Appraisal Institute receipt email, you will receive a second email from GoToTraining which will include instructions on connecting to the live session and a link to a small download of the GoToTraining software. The software runs on almost all operating systems and popular browsers. Connection email reminders are re-sent 1 week, 1 day, and 1 hour prior to the live session start time. If you do not receive the connection information, please check your junk, spam, or quarantine folders. For questions, please email sync@appraisalinstitute.org or call (312) 335-4473.

    Download Course Materials:
    Log onto your AI Account at www.appraisalinstitute.org with the username and password you used when you registered. Click on “Education and Events” located on the right navigation menu. On the My Events page, find the course under the “Classroom Offerings/Synchronous Offerings/Conferences” heading and click the "View" button. Scroll down to the “Download Course Materials” section and click on each link to download the course materials.