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    General Appraiser Site Valuation and Cost Approach

    More Info Register
    May 7-10, 2024 Indianapolis, IN
    Date
    May 7-10, 2024
    Sponsor
    Hoosier State Chapter
    Location
    3rd Floor Classroom
    9247 North Meridian Street,
    Indianapolis, IN 46260
    Instructor
    Mark R. Ratterman, MAI, SRA
    Class Time
    27 hours
    Exam Time
    3 Hours
    No Longer Available
    View Pricing Options
    Classroom
    Topics:
    Land/Site Valuation
    Valuation Approaches
    Upgrade your career
    Commercial
    General Appraiser Site Valuation and Cost Approach
    Event Information 
    LOCATION: 9247 N. Meridian Street, Indianapolis, IN 46260.  Classroom is on the third floor of the building. 

    ATTENDANCE:Please note registration runs from 8:00AM to 8:30AM with instruction starting PROMPTLY at 8:30AM. Following  Appraiser Qualifications Board minimum criteria requirements, 100% ATTENDANCE IS REQUIRED FOR ALL APPRAISAL INSTITUTE   EDUCATION  PROGRAMS. Students shouldnot be late or leave early. Those missing class times  may not receive credit. 
    HOTELS:To take advantage of special rates that the Hoosier State Chapter of the Appraisal Institute has negotiated,     please mention you are with the Appraisal Institute when booking any of the following accommodations.
      1) HILTON HOMEWOOD SUITES 2501 East 86th Street  Indianapolis, IN 46240
     1-800-225-5466 317-253-1919 Call Sales Department for negotiated price
     of $121 - includes a large 1 bedroom suites with a separate kitchen and
     living room, fully renovated in 2016. All stays include a complimentary
     full hot breakfast, evening social M-TH, high speed internet, a workout
     facility; transportation to the classroom. To register online, cut
     and paste the following into your web browser:
     http://homewoodsuites.hilton.com/en/hw/reservations/index.jhtml?hotel=INDKCHW&corporateCode=560004829"
        
    2)  HOLIDAY INN 251 E. Pennsylvania Parkway Indianapolis, IN 46280 317-574-4600
    3) HYATT PLACE 9104  Keystone Crossing Indianapolis, IN 46240 1-888-492-8847
    4)  MARRIOTT SPRINGHILL SUITES 11855 North Meridian Street Carmel, IN 46032 317-846-1800
    5)  COMFORT INN & SUITES 9090 Wesleyan Road Indianapolis, IN 46268 1-800-414-6423 or 317-875-7676
    
    ATTENDANCE: Following  Appraiser Qualifications Board minimum criteria requirements, 100% ATTENDANCE IS REQUIRED FOR ALL APPRAISAL INSTITUTEEDUCATION PROGRAMS. Students should not be late or leave early. Those missing class times may not    receive credit.

    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.

     

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    Who Should Enroll
    Those seeking general real property appraiser certification
    AI CE Points
    Attend:
    175
    pts
    Attend & Pass Exam:
    225
    pts
    Pass Only:
    200
    pts
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    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:

    ·        A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended. 

    ·         You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.

    ·         Free Review: Using a Financial Calculator: Formulas, Symbols, Math Review, and Sample Problems; and Financial Calculator Practice Exercises.

    ·         For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.

    ·         HP-12C calculator User's Manual.

    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
    Prerequisites
    Course Materials & Recommended Books
    Pricing Options
    Rate
    Have Exam Questions?
    Exam FAQ
    Additional Course Offerings
    Sponsor Date Location Format
    Appraisal Institute On Demand Online 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 
    LOCATION: 9247 N. Meridian Street, Indianapolis, IN 46260.  Classroom is on the third floor of the building. 

    ATTENDANCE:Please note registration runs from 8:00AM to 8:30AM with instruction starting PROMPTLY at 8:30AM. Following  Appraiser Qualifications Board minimum criteria requirements, 100% ATTENDANCE IS REQUIRED FOR ALL APPRAISAL INSTITUTE   EDUCATION  PROGRAMS. Students shouldnot be late or leave early. Those missing class times  may not receive credit. 
    HOTELS:To take advantage of special rates that the Hoosier State Chapter of the Appraisal Institute has negotiated,     please mention you are with the Appraisal Institute when booking any of the following accommodations.
      1) HILTON HOMEWOOD SUITES 2501 East 86th Street  Indianapolis, IN 46240
     1-800-225-5466 317-253-1919 Call Sales Department for negotiated price
     of $121 - includes a large 1 bedroom suites with a separate kitchen and
     living room, fully renovated in 2016. All stays include a complimentary
     full hot breakfast, evening social M-TH, high speed internet, a workout
     facility; transportation to the classroom. To register online, cut
     and paste the following into your web browser:
     http://homewoodsuites.hilton.com/en/hw/reservations/index.jhtml?hotel=INDKCHW&corporateCode=560004829"
        
    2)  HOLIDAY INN 251 E. Pennsylvania Parkway Indianapolis, IN 46280 317-574-4600
    3) HYATT PLACE 9104  Keystone Crossing Indianapolis, IN 46240 1-888-492-8847
    4)  MARRIOTT SPRINGHILL SUITES 11855 North Meridian Street Carmel, IN 46032 317-846-1800
    5)  COMFORT INN & SUITES 9090 Wesleyan Road Indianapolis, IN 46268 1-800-414-6423 or 317-875-7676
    
    ATTENDANCE: Following  Appraiser Qualifications Board minimum criteria requirements, 100% ATTENDANCE IS REQUIRED FOR ALL APPRAISAL INSTITUTEEDUCATION PROGRAMS. Students should not be late or leave early. Those missing class times may not    receive credit.