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    General Appraiser Site Valuation and Cost Approach

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    September 9-12, 2024 Dallas, TX
    Date
    September 9-12, 2024
    Sponsor
    North Texas Chapter
    Location
    Sterling Plaza, Dallas
    5949 Sherry Lane
    5th Floor
    Dallas, TX 75225
    Instructor
    John H. Urubek, MAI, AI-GRS
    Class Time
    27 hours
    Exam Time
    3 Hours
    Full Price
    $625.00
    AI Price
    $575.00
    Enroll by August 30 and save $50!
    View Pricing Options
    Classroom
    Topics:
    Land/Site Valuation
    Valuation Approaches
    Upgrade your career
    Commercial
    General Appraiser Site Valuation and Cost Approach
    Event Information

    PROGRAM LOCATION AND PARKING:

    Sterling Plaza (https://sterlingplaza.com/) at 5949 Sherry Lane is a 19-story building located on Sherry Lane between the Dallas North Tollway and Douglas Avenue.  The class will be held in the Conference Room on the fifth floor.


    Garage parking (entry is west of the building) is available for $10/day (over 4 hours/daily max).  A two-story parking structure is located one block east of Douglas Avenue between Luther Lane and Berkshire Lane.  Parking is free on the 2nd level.


    COURSE SCHEDULE – Monday, September 9 – Thursday, September 12, 2024:

    Lecture – 8:30am to 5:00pm (Monday-Wednesday); 8:30am to 2:00pm (Thursday)

    Exam – 2:00pm to 5:00pm (Thursday)

    All day beverage service. Lunch will not be provided.


    TUITION:

    Tuition includes downloadable course material - it does not include a printed set of course material. 


    COURSE MATERIAL:

    DOWNLOADABLE Course material is automatically provided to ALL students via a download option. Please have your laptop/reader available with the downloaded material or have a printed copy of the material with you. 


    If you would like to receive a printed copy of the course material, you will have an option during the registration process to order a set. Students requesting printed material will be charged a $45.00 material fee plus shipping in addition to the course tuition. (Note that If you do not receive the material shipment in time for the course, please download or print a copy of the material from the Education and Events section of your AI account.)


    ACCOMMODATIONS:

    (Listed in order of proximity to Sterling Plaza)


    Hilton Dallas/Park Cities

    5954 Luther Lane, 75225

    214-368-0400

    https://www.hilton.com/en/hotels/dalpchf-hilton-dallas-park-cities/

    (located 1 block south of Douglas Center)


    Doubletree by Hilton Hotel Dallas-Campbell Centre

    8250 N. Central Expwy., 75206

    214-691-8700

    https://www.hilton.com/en/hotels/dfwcndt-doubletree-dallas-campbell-centre/?SEO_id=GMB-AMER-DT-DFWCNDT&y_source=1_MTM3MjYzMC03MTUtbG9jYXRpb24ud2Vic2l0ZQ%3D%3D

    (located 2.8 miles from Douglas Center in the SE quadrant of North Central Expwy. & Northwest Hwy.)


    La Quinta Inn & Suites by Wyndham

    10001 N. Central Expwy., 75231

    214-361-8200

    https://www.wyndhamhotels.com/laquinta/dallas-texas/la-quinta-dallas-north-central/overview?CID=LC:LQ::GGL:RIO:National:53270&iata=00093796

    (located 3.5 miles from Douglas Center on the west access road of North Central Expwy. between Walnut Hill Lane and Meadow Road)


    SpringHill Suites by Marriott Dallas Central Expressway

    10111 N. Central Expwy., 75231

    469-906-5861

    https://www.marriott.com/en-us/hotels/dalsx-springhill-suites-dallas-central-expressway/overview/?scid=bb1a189a-fec3-4d19-a255-54ba596febe2&y_source=1_MTIyODE1NjQtNzE1LWxvY2F0aW9uLndlYnNpdGU%3D

    (located 3.8 miles from Douglas Center on the west access road of North Central Expwy. South of  Meadow Road)


    Sonesta ES Suites Dallas Central Expressway

    10333 N. Central Expwy., 75231

    214-750-8220

    https://www.sonesta.com/sonesta-es-suites/tx/dallas/sonesta-es-suites-dallas-central-expressway/

    (located 3.8 miles from Douglas Center on the west access road of North Central Expwy. South of Meadow Road)


    Sonesta Select Dallas Central Expressway

    10325 N. Central Expwy., 75231

    214-739-2500

    https://www.sonesta.com/sonesta-select/tx/dallas/sonesta-select-dallas-central-expressway/

    (located 3.8 miles from Douglas Center on the west access road of North Central Expwy. South of Meadow Road)


    Hampton Inn & Suites Dallas

    10370 N. Central Expwy., 75231

    214-361-0033

    https://www.hilton.com/en/hotels/dfwnphx-hampton-suites-dallas-central-expy-north-park-area/

    (located 3.9 miles from Douglas Center on the east access road of North Central Expwy. south of Meadow Road)


    Hilton Garden Inn

    10350 N. Central Expwy., 75231

    214-696-3000

    https://www.hilton.com/en/hotels/dalcegi-hilton-garden-inn-dallas-central-expy-north-park-area/?SEO_id=GMB-AMER-GI-DALCEGI&y_source=1_MTUwNjIxMjYtNzE1LWxvY2F0aW9uLndlYnNpdGU%3D

     

    (located 3.9 miles from Douglas Center on the east access road of North Central Expwy. south of Meadow Road)
    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 Full Price AI Price
    Standard
    Today thru 08/30/2024     		$625.00 $575.00
    Late
    After 08/31/2024     		$675.00 $625.00
    Have Exam Questions?
    Exam FAQ
    Additional Course Offerings
    Sponsor Date Location Format
    Hoosier State Chapter May 7-10, 2024 Indianapolis, IN Classroom View Details Register
    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
    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

    PROGRAM LOCATION AND PARKING:

    Sterling Plaza (https://sterlingplaza.com/) at 5949 Sherry Lane is a 19-story building located on Sherry Lane between the Dallas North Tollway and Douglas Avenue.  The class will be held in the Conference Room on the fifth floor.


    Garage parking (entry is west of the building) is available for $10/day (over 4 hours/daily max).  A two-story parking structure is located one block east of Douglas Avenue between Luther Lane and Berkshire Lane.  Parking is free on the 2nd level.


    COURSE SCHEDULE – Monday, September 9 – Thursday, September 12, 2024:

    Lecture – 8:30am to 5:00pm (Monday-Wednesday); 8:30am to 2:00pm (Thursday)

    Exam – 2:00pm to 5:00pm (Thursday)

    All day beverage service. Lunch will not be provided.


    TUITION:

    Tuition includes downloadable course material - it does not include a printed set of course material. 


    COURSE MATERIAL:

    DOWNLOADABLE Course material is automatically provided to ALL students via a download option. Please have your laptop/reader available with the downloaded material or have a printed copy of the material with you. 


    If you would like to receive a printed copy of the course material, you will have an option during the registration process to order a set. Students requesting printed material will be charged a $45.00 material fee plus shipping in addition to the course tuition. (Note that If you do not receive the material shipment in time for the course, please download or print a copy of the material from the Education and Events section of your AI account.)


    ACCOMMODATIONS:

    (Listed in order of proximity to Sterling Plaza)


    Hilton Dallas/Park Cities

    5954 Luther Lane, 75225

    214-368-0400

    https://www.hilton.com/en/hotels/dalpchf-hilton-dallas-park-cities/

    (located 1 block south of Douglas Center)


    Doubletree by Hilton Hotel Dallas-Campbell Centre

    8250 N. Central Expwy., 75206

    214-691-8700

    https://www.hilton.com/en/hotels/dfwcndt-doubletree-dallas-campbell-centre/?SEO_id=GMB-AMER-DT-DFWCNDT&y_source=1_MTM3MjYzMC03MTUtbG9jYXRpb24ud2Vic2l0ZQ%3D%3D

    (located 2.8 miles from Douglas Center in the SE quadrant of North Central Expwy. & Northwest Hwy.)


    La Quinta Inn & Suites by Wyndham

    10001 N. Central Expwy., 75231

    214-361-8200

    https://www.wyndhamhotels.com/laquinta/dallas-texas/la-quinta-dallas-north-central/overview?CID=LC:LQ::GGL:RIO:National:53270&iata=00093796

    (located 3.5 miles from Douglas Center on the west access road of North Central Expwy. between Walnut Hill Lane and Meadow Road)


    SpringHill Suites by Marriott Dallas Central Expressway

    10111 N. Central Expwy., 75231

    469-906-5861

    https://www.marriott.com/en-us/hotels/dalsx-springhill-suites-dallas-central-expressway/overview/?scid=bb1a189a-fec3-4d19-a255-54ba596febe2&y_source=1_MTIyODE1NjQtNzE1LWxvY2F0aW9uLndlYnNpdGU%3D

    (located 3.8 miles from Douglas Center on the west access road of North Central Expwy. South of  Meadow Road)


    Sonesta ES Suites Dallas Central Expressway

    10333 N. Central Expwy., 75231

    214-750-8220

    https://www.sonesta.com/sonesta-es-suites/tx/dallas/sonesta-es-suites-dallas-central-expressway/

    (located 3.8 miles from Douglas Center on the west access road of North Central Expwy. South of Meadow Road)


    Sonesta Select Dallas Central Expressway

    10325 N. Central Expwy., 75231

    214-739-2500

    https://www.sonesta.com/sonesta-select/tx/dallas/sonesta-select-dallas-central-expressway/

    (located 3.8 miles from Douglas Center on the west access road of North Central Expwy. South of Meadow Road)


    Hampton Inn & Suites Dallas

    10370 N. Central Expwy., 75231

    214-361-0033

    https://www.hilton.com/en/hotels/dfwnphx-hampton-suites-dallas-central-expy-north-park-area/

    (located 3.9 miles from Douglas Center on the east access road of North Central Expwy. south of Meadow Road)


    Hilton Garden Inn

    10350 N. Central Expwy., 75231

    214-696-3000

    https://www.hilton.com/en/hotels/dalcegi-hilton-garden-inn-dallas-central-expy-north-park-area/?SEO_id=GMB-AMER-GI-DALCEGI&y_source=1_MTUwNjIxMjYtNzE1LWxvY2F0aW9uLndlYnNpdGU%3D

     

    (located 3.9 miles from Douglas Center on the east access road of North Central Expwy. south of Meadow Road)