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    General Appraiser Site Valuation and Cost Approach

    More Info Register
    October 27 - November 6, 2025
    Date
    October 27 - November 6, 2025
    Time
    10:00am - 1:30pm (CST)
    Sponsor
    Appraisal Institute
    Location
    Appraisal Institute - Synchronous (Live Online)
    Instructor
    Edward V. Bowler, MAI, SRA
    Class Time
    27 hours
    Exam Time
    3 Hours
    Full Price
    $595.00
    AI Price
    $490.00
    Enroll by October 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.

     

    discounted online packages
    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 QE 30 28 2 Synchronous Livestream 11/14/2024 09/30/2026 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
    CT CE 18 18 Synchronous Livestream 03/12/2025 07/20/2027 AAL.001375
    CT QE 30 27 3 Synchronous Livestream 11/13/2024 07/20/2027 APR.000363
    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 20 20 Synchronous Livestream 09/26/2023 09/26/2025 10583
    FL QE 30 27 3 Synchronous Livestream 07/12/2023 09/26/2025 0010583
    GA CE 27 27 Synchronous Livestream 03/26/2007 07/20/2027 52549
    GA QE 30 27 3 Synchronous Livestream 03/26/2007 07/20/2027 52549
    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 12/31/2026 575.010346
    IL QE 30 27 3 Synchronous Livestream 01/01/2023 12/31/2026 573.000675
    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 27 27 Synchronous Livestream 01/01/2025 12/31/2025 196.C25.R
    KS QE 30 27 3 Synchronous Livestream 01/01/2025 12/31/2025 319.P25.R
    KY CE 27 27 Synchronous Livestream 05/31/2025 06/30/2026
    KY CE 30 27 3 Synchronous Livestream 05/31/2025 06/30/2026
    KY QE 30 27 3 Synchronous Livestream 05/31/2025 06/30/2026
    MA CE 28 28 Synchronous Livestream 07/20/2024 07/20/2027 00120073
    MA CE 30 27 3 Synchronous Synchronous 07/20/2024 07/20/2027 00120072, 00120073
    MA QE 30 28 2 Synchronous Livestream 07/20/2024 07/20/2027 00120072
    MA QE 30 27 3 Synchronous Synchronous 07/20/2024 07/20/2027 00120072
    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 04/30/2027 1027362
    MN CE 30 27 3 Synchronous Livestream 05/01/2023 04/30/2027 1027361
    MN QE 30 27 3 Synchronous Livestream 05/01/2023 04/30/2027 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
    MT CE 27 27 Synchronous Livestream 08/20/2024 07/20/2027 REA-CEC-REC-18208
    MT QE 30 27 3 Synchronous Livestream 08/20/2024 07/20/2027 REA-CEC-REC-18208
    NC QE 30 28 2 Synchronous Livestream 01/01/2025 12/31/2025
    ND CE 30 27 3 Synchronous Livestream 07/21/2024 05/08/2028 68673, QE-222009
    ND CE 30 27 3 Synchronous Synchronous 07/21/2024 05/08/2028 68673, QE-222009
    ND QE 30 27 3 Synchronous Livestream 07/21/2024 05/08/2028 68673, QE-222009
    ND QE 30 27 3 Synchronous Synchronous 07/21/2024 05/08/2028 68673, QE-222009
    NE QE 30 27 3 Synchronous Livestream 07/21/2024 07/20/2027 122340N.02
    NE QE 30 27 3 Synchronous Synchronous 07/21/2024 07/20/2027 122340N.02
    NH CE 27 27 Synchronous Livestream 07/20/2024 07/20/2027
    NH QE 30 27 3 Synchronous Livestream 07/20/2024 07/20/2027
    NJ CE 27 27 Synchronous Synchronous 02/20/2025 02/20/2028 2025-3004
    NJ QE 30 27 3 Synchronous Synchronous 02/20/2025 02/20/2028 2025-3004
    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
    NV CE 30 27 3 Synchronous Livestream 09/30/2024 09/30/2025 CE.0009871-A
    NY QE 30 27 3 Synchronous Livestream 10/01/2024 09/30/2025 Q0213-G6
    OH CE 27 27 Synchronous Livestream 01/01/2025 12/31/2025 084504603A 25
    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
    OK CE 27 27 Synchronous Livestream 08/08/2024 07/20/2027 633
    OK CE 30 27 3 Synchronous Livestream 08/08/2024 07/20/2027 633
    OK QE 30 27 3 Synchronous Livestream 08/08/2024 07/20/2027 633
    OR CE 30 27 3 Synchronous Livestream 07/18/2024 07/20/2027 APIN-Q-0724-9035
    OR QE 30 27 3 Synchronous Livestream 07/18/2024 07/20/2027 APIN-Q-0724-9035
    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 09/01/2024 08/31/2026 AC . 1783
    SC QE 30 27 3 Synchronous Synchronous 09/01/2024 08/31/2026 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 Synchronous 03/04/2022 05/05/2026 SD 693
    SD QE 30 27 3 Synchronous Livestream 03/04/2022 04/15/2027 SD 693, SD 714
    TN CE 27 27 Synchronous Livestream 04/01/2025 03/31/2027 2275
    TN QE 30 27 3 Synchronous Livestream 04/01/2025 03/31/2027 2275
    TX CE 27 27 Synchronous Livestream 01/30/2024 01/30/2026 TX Provider #:10 Course #:48021
    TX QE 30 27 3 Synchronous Livestream 09/17/2024 07/20/2027 TX Provider #:8038 Course # 50065
    UT CE 27 27 Synchronous Livestream 04/08/2025 04/30/2027 AC250426
    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
    VT CE 30 27 3 Synchronous Livestream 03/19/2025 03/19/2029
    VT QE 30 27 3 Synchronous Livestream 03/19/2025 03/19/2029
    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
    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.

    Additional Course Offerings
    Sponsor Date Location Format
    Appraisal Institute On Demand Online View Details Register
    Chicago Chapter September 8-11, 2025 Schaumburg, IL Classroom View Details Register
    Bluegrass Chapter October 13-16, 2025 Louisville, KY Classroom View Details Register
    Massachusetts Rhode Island and Maine Chapter October 15-18, 2025 Braintree, MA Classroom View Details Register
    Event Information

    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 and half hours (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) All students must be 100% present for the class in order to receive credit. Partial credit will not be awarded. Anyone who isn’t present 100% receives no credit and is responsible for continuing the program on their own time.

    Day 1: Monday, October 27, 10:00 am - 1:30 pm
    Day 2: Tuesday, October 28, 10:00 am - 1:30 pm
    Day 3: Wednesday, October 29, 10:00 am - 1:30 pm
    Day 4: Thursday, October 30, 10:00 am - 1:30 pm
    (No class on Friday, Saturday, or Sunday)
    Day 5: Monday, November 3, 10:00 am - 1:30 pm
    Day 6: Tuesday, November 4, 10:00 am - 1:30 pm
    Day 7: Wednesday, November 5, 10:00 am - 1:30 pm
    Day 8: Thursday, November 6, 10:00 am - 1:30 pm

     

    Exam:  
    You will have 90 days from the time that you complete the course to take the proctored exam, either online or at a testing center. You can schedule the exam within 48 business hours after the course has been marked for completion. Review your account for the “Schedule Your Exam” messaging. 

    Testing center locations in your area can be found by clicking on this link: www.pearsonvue.com/ai. For more information, visit our Exam FAQ page. 

     

    Download Course Materials:

    • Login to your AI Account at www.appraisalinstitute.org with the username and password you used when you registered.
    • Click on “Education and Events” located in the menu on the right-hand side.
    • 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.

    Location:
    This course will be held via live interactive classroom technology. See below 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 format. For more information, see our state approvals page.

    Participation Requirements: AI National Synchronous 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 always keep their webcam on with their entire face fully visible while class is in session. 
    • Attendance will be monitored throughout the day through webcams and polling. 
    • A photo ID must be uploaded to the offering page prior to the start date of the offering. Please refer to the Appraisal Institute Synchronous Resources for instructions on how to upload your ID. 
    • Any issues with the upload, please contact customerservice@appraisalinstitute.org or call (888) 756-4624.

    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 customerservice@appraisalinstitute.org or call (888) 756-4624.

    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 sent at specific intervals: 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 customerservice@appraisalinstitute.org or call (888) 756-4624

    Note: Work devices with strong VPNs or firewalls have trouble connecting to GTT systems. It is recommended to use your personal device or to reach out to your organization’s IT department for assistance prior to the first session.