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    General Appraiser Site Valuation and Cost Approach

    More Info Register
    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
    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
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    AK CE 30 27 3 Classroom Classroom 07/21/2024 05/10/2027 19943
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    AL QE 30 27 3 Classroom Classroom 10/01/2022 09/30/2024 C02677
    AR CE 28 28 Classroom Classroom 11/20/2023 11/19/2025
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    CA CE 27 27 Classroom Classroom 04/16/2023 04/15/2027 19CP754601370
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    CO CE 30 27 3 Classroom Classroom 07/21/2024 07/20/2027 2705
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    DC CE 30 27 3 Classroom Classroom 02/29/2024 02/28/2026 3773
    DC QE 30 27 3 Classroom Classroom 02/29/2024 02/28/2026 4003
    DE CE 30 27 3 Classroom Classroom 07/21/2024 07/20/2027 68673
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    IA CE 27 27 Classroom Classroom 07/21/2024 06/18/2026 A518-2117
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    IL CE 27 27 Classroom Classroom 01/01/2023 12/31/2024 575.010346
    IL QE 30 27 3 Classroom Classroom 01/01/2023 12/31/2024 573.000675
    IN CE 30 27 3 Classroom Classroom 07/21/2024 07/20/2027 68673
    IN QE 30 27 3 Classroom Classroom 07/21/2024 07/20/2027 68673
    KS CE 27 27 Classroom Classroom 01/01/2024 12/31/2024 196.C24.R
    KS QE 30 27 3 Classroom Classroom 01/01/2024 12/31/2024 316.P24.R
    KY CE 27 27 Classroom Classroom 07/01/2024 05/30/2025
    KY QE 30 27 3 Classroom Classroom 07/01/2024 05/30/2025
    MD CE 30 27 3 Classroom Classroom 07/21/2024 07/20/2027 68673
    MD QE 30 27 3 Classroom Classroom 07/21/2024 07/20/2027 68673
    ME CE 30 27 3 Classroom Classroom 07/21/2024 07/20/2027 68673
    ME QE 30 27 3 Classroom Classroom 07/21/2024 07/20/2027 68673
    MI CE 27 27 Classroom Classroom 07/21/2024 07/21/2027 20-708624
    MI QE 30 27 3 Classroom Classroom 07/21/2024 06/25/2027 20-1220426
    MN CE 30 27 3 Classroom Classroom 05/01/2023 04/30/2025 1027361
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    MO CE 27 27 Classroom Classroom 07/21/2024 07/20/2027
    MO QE 30 27 3 Classroom Classroom 07/21/2024 07/20/2027
    MS CE 27 27 Classroom Classroom 02/25/2024 07/24/2026 MAB #50131
    MS QE 30 27 3 Classroom Classroom 02/25/2024 07/24/2026 MAB #50131
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    NM CE 30 27 3 Classroom Classroom 07/21/2024 01/30/2026 REAB #4184 Course #3003
    NM CE 27 27 Classroom Classroom 07/21/2024 01/30/2026 REAB #4184 Course #3003
    NM QE 30 27 3 Classroom Classroom 07/21/2024 01/30/2026 REAB #4184 Course #3003
    NY CE 27 28 Classroom Classroom 01/01/2024 12/31/2024 A5540-27
    NY QE 30 27 3 Classroom Classroom 10/01/2023 09/30/2024 Q0213 G6
    OH CE 27 27 Classroom Classroom 01/01/2024 12/31/2024 084400304A 22
    OH QE 30 27 3 Classroom Classroom 07/21/2024 07/20/2027 68673
    PA CE 27 27 Classroom Classroom 07/21/2024 01/30/2026
    PA QE 30 27 3 Classroom Classroom 07/21/2024 01/30/2026
    PR CE 30 27 3 Classroom Classroom 07/21/2024 07/20/2027 68673
    PR QE 30 27 3 Classroom Classroom 07/21/2024 07/20/2027 68673
    RI CE 30 27 3 Classroom Classroom 07/21/2024 07/20/2027 REA.0002220-CE
    RI QE 30 27 3 Classroom Classroom 07/21/2024 07/20/2027 REA.0002220-CE
    SC CE 30 27 3 Classroom Classroom 09/01/2022 08/31/2024 CE1783
    SC QE 30 27 3 Classroom Classroom 09/01/2022 08/31/2024 AS.1QE12
    SD QE 30 27 3 Classroom Classroom 03/04/2022 05/05/2026 SD 693
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    UT CE 27 27 Classroom Classroom 05/01/2023 04/30/2025 AC230419
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    WY CE 27 27 Classroom Classroom 04/01/2022 03/01/2025
    WY QE 30 27 3 Classroom Classroom 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:

    ·        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?
    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
    Appraisal Institute September 16-26, 2024 Synchronous 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

    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)