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    General Appraiser Site Valuation and Cost Approach

    More Info Register
    real-estate-inspector-inspects-home-for-property-appraisal
    Date
    July 26 - August 5, 2027
    Time
    1:30pm - 5:00pm (CST)
    Sponsor
    Appraisal Institute
    Location
    Appraisal Institute - Synchronous (Live Online)
    Instructor
    Diane Viggiano-Gavin, MAI, AI-GRS
    Class Time
    27 hours
    Exam Time
    3 Hours
    Full Price
    $595.00
    AI Price
    $490.00
    Enroll by July 25!
    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 Start Date Expire Date State Code
    AK CE 30 27 3 Synchronous 07/21/2024 05/10/2027 19943
    AK QE 30 27 3 Synchronous 07/21/2024 05/10/2027 19943
    AL CE 27 27 Synchronous 09/10/2026 09/30/2028 C03115
    AL CE 30 27 3 Synchronous 09/10/2026 09/30/2028 C03115
    AL QE 30 27 3 Synchronous 09/10/2026 09/30/2028 C03115
    AR CE 27 27 Synchronous 09/15/2025 11/19/2027 AI055
    AR QE 30 27 3 Synchronous 09/15/2025 11/19/2027 AI055
    AZ CE 30 27 3 Synchronous 07/21/2024 07/20/2027 68673
    AZ QE 30 27 3 Synchronous 07/21/2024 07/20/2027 68673
    CA CE 27 27 Synchronous 04/16/2023 04/15/2027 19CP754601370
    CA QE 30 27 3 Synchronous 04/16/2023 04/15/2027 19CP754601370
    CO CE 30 27 3 Synchronous 07/21/2024 07/20/2027 2705
    CO QE 30 27 3 Synchronous 07/21/2024 07/20/2027 2705
    CT CE 18 18 Synchronous 03/12/2025 07/20/2027 AAL.001375
    CT QE 30 27 3 Synchronous 11/13/2024 07/20/2027 APR.000363
    DC CE 30 27 3 Synchronous 03/01/2026 02/28/2028
    DC QE 30 27 3 Synchronous 03/01/2026 02/28/2028
    DE CE 30 27 3 Synchronous 07/21/2024 07/20/2027 68673
    DE QE 30 27 3 Synchronous 07/21/2024 07/20/2027 68673
    FL CE 30 27 3 Synchronous 09/27/2025 09/26/2027 0010583
    FL QE 30 27 3 Synchronous 09/27/2025 09/26/2027 0010583
    GA CE 27 27 Synchronous 09/09/2026 07/20/2027 80560
    GA QE 30 27 3 Synchronous 02/09/2007 07/20/2027 51971
    HI CE 27 27 Synchronous 08/27/2026 07/20/2027 26-242
    HI CE 30 27 3 Synchronous 08/27/2026 07/20/2027 26-242
    HI QE 30 27 3 Synchronous 08/27/2026 07/20/2027 26-242
    IA CE 27 27 Synchronous 06/19/2026 07/20/2027 A518-2117
    IA CE 30 27 3 Synchronous 06/19/2026 07/20/2027 A518-2118
    IA QE 30 27 3 Synchronous 06/19/2026 07/20/2027 A518-2119
    ID CE 30 27 3 Synchronous 07/21/2024 05/08/2028
    ID QE 30 27 3 Synchronous 07/21/2024 05/08/2028
    IL CE 27 27 Synchronous 01/01/2023 12/31/2026 575.010346
    IL QE 30 27 3 Synchronous 01/01/2023 12/31/2026 573.000675
    IN CE 30 27 3 Synchronous 07/21/2024 07/20/2027 68673
    IN QE 30 27 3 Synchronous 07/21/2024 07/20/2027 68673
    KS CE 27 27 Synchronous 01/01/2026 12/31/2026 C119-52
    KS QE 30 27 3 Synchronous 01/01/2026 12/31/2026 Q119-32
    KY CE 30 28 2 Synchronous 07/01/2026 06/30/2027
    KY QE 30 28 2 Synchronous 07/01/2026 06/30/2027
    LA CE 27 27 Synchronous 11/10/2025 07/20/2027 A0434
    LA QE 30 27 3 Synchronous 07/20/2024 07/20/2027 A0099
    MA QE 30 27 3 Synchronous 08/21/2026 07/20/2027 120072
    MD CE 30 27 3 Synchronous 07/21/2024 07/20/2027 68673
    MD QE 30 27 3 Synchronous 07/21/2024 07/20/2027 68673
    ME CE 30 27 3 Synchronous 07/21/2024 07/20/2027 68673
    ME QE 30 27 3 Synchronous 07/21/2024 07/20/2027 68673
    MI CE 27 27 Synchronous 07/21/2024 07/21/2027 20-708624
    MI QE 30 27 3 Synchronous 07/21/2024 06/25/2027 20-1220426
    MN CE 27 27 Synchronous 05/01/2023 04/30/2027 1027362
    MN CE 30 27 3 Synchronous 05/01/2023 04/30/2027 1027361
    MN QE 30 27 3 Synchronous 05/01/2023 04/30/2027 1027312
    MO CE 27 27 Synchronous 07/21/2024 07/20/2027
    MO QE 30 27 3 Synchronous 07/21/2024 07/20/2027
    MS CE 27 27 Synchronous 07/25/2026 07/20/2027 MAB# 50131
    MS QE 30 27 3 Synchronous 07/25/2026 07/20/2027 MAB# 50131
    MT CE 27 27 Synchronous 08/20/2024 07/20/2027 REA-CEC-REC-18208
    MT QE 30 27 3 Synchronous 08/20/2024 07/20/2027 REA-CEC-REC-18208
    NC QE 30 27 3 Synchronous 01/01/2026 12/31/2026
    ND CE 30 27 3 Synchronous 07/21/2024 05/08/2028 68673, QE-222009
    ND QE 30 27 3 Synchronous 07/21/2024 05/08/2028 68673, QE-222009
    NE QE 30 27 3 Synchronous 07/20/2024 07/20/2027 122340N.02
    NH CE 27 27 Synchronous 07/20/2024 07/20/2027
    NH QE 30 27 3 Synchronous 07/20/2024 07/20/2027
    NJ CE 27 27 Synchronous 11/24/2025 02/20/2028 2025-3004
    NJ QE 30 27 3 Synchronous 11/24/2025 02/20/2028 2025-3004
    NM CE 30 27 3 Synchronous 03/05/2026 07/20/2027 4660
    NM QE 30 27 3 Synchronous 03/05/2026 07/20/2027 4660
    NV CE 27 27 Synchronous 10/01/2026 09/30/2027 CE.0009871-A
    NV CE 30 27 3 Synchronous 10/01/2026 09/30/2027 CE.0009871-A
    NY QE 30 27 3 Synchronous 10/01/2026 09/30/2027 Q0213-G6
    OH CE 27 27 Synchronous 01/01/2026 12/31/2026 084603703A 25
    OH QE 30 27 3 Synchronous 07/21/2024 07/20/2027 68673
    OK CE 27 27 Synchronous 08/08/2024 07/20/2027 633
    OK CE 30 27 3 Synchronous 08/08/2024 07/20/2027 633
    OK QE 30 27 3 Synchronous 08/08/2024 07/20/2027 633
    OR CE 30 27 3 Synchronous 07/18/2024 07/20/2027 APIN-Q-0724-9035
    OR QE 30 27 3 Synchronous 07/18/2024 07/20/2027 APIN-Q-0724-9035
    PA CE 30 27 3 Synchronous 02/11/2026 07/20/2027
    PA QE 30 27 3 Synchronous 02/11/2026 07/20/2027
    PR CE 30 27 3 Synchronous 07/21/2024 07/20/2027 68673
    PR CE 27 27 Synchronous 07/21/2024 07/20/2027 68673
    PR QE 30 27 3 Synchronous 07/21/2024 07/20/2027 68673
    RI CE 30 27 3 Synchronous 07/21/2024 07/20/2027 REA.0002220-CE
    RI QE 30 27 3 Synchronous 07/21/2024 07/20/2027 REA.0002220-CE
    SC QE 30 27 3 Synchronous 07/09/2026 08/31/2028 QE121783
    SD CE 27 27 Synchronous 04/15/2026 07/20/2027 SD90212Q
    SD QE 30 27 3 Synchronous 04/15/2026 07/20/2027 SD90212Q
    TN CE 27 27 Synchronous 04/01/2025 03/31/2027 2275
    TN QE 30 27 3 Synchronous 04/01/2025 03/31/2027 2275
    TX CE 27 27 Synchronous 04/09/2026 07/20/2027 TX#10 03162-ACE
    TX QE 30 27 3 Synchronous 09/17/2024 07/20/2027 TX#8038 00706-AQC
    UT CE 27 27 Synchronous 04/08/2025 04/30/2027 AC250426
    UT CE 30 27 3 Synchronous 06/11/2025 06/30/2027 AC250613
    UT QE 30 27 3 Synchronous 06/11/2025 06/30/2027 AQ250616
    VA CE 30 27 3 Synchronous 07/21/2024 07/20/2027 68673
    VA QE 30 27 3 Synchronous 11/07/2025 11/30/2027 4006000961
    VT CE 30 27 3 Synchronous 03/19/2025 03/19/2029
    VT QE 30 27 3 Synchronous 03/19/2025 03/19/2029
    WI CE 30 27 3 Synchronous 07/21/2024 07/20/2027 68673
    WI QE 30 27 3 Synchronous 07/21/2024 07/20/2027 68673
    WV CE 30 27 3 Synchronous 07/21/2024 05/24/2027
    WV QE 30 27 3 Synchronous 07/21/2024 05/24/2027
    WY QE 30 27 3 Synchronous 09/23/2025 07/20/2027 2606
    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

    Prerequisites
    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 07/25/2027
    $595.00 $490.00
    Have Exam Questions?
    Additional Course Offerings
    Sponsor Date Location Format
    Appraisal Institute On Demand Online View Details Register
    Chicago Chapter June 8-11, 2027 Rockford, IL Classroom View Details Register
    Bluegrass Chapter October 4-7, 2027 Louisville, KY Classroom View Details Register
    Event Information

    Class Schedule: 
    Class begins each day at 1:30PM Central time (11:30AM Pacific, 12:30PM Mountain, 2:30PM 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, July 26, 1:30 pm - 5:00 pm 
    Day 2: Tuesday, July 27, 1:30 pm - 5:00 pm  
    Day 3: Wednesday, July 28, 1:30 pm - 5:00 pm
    Day 4: Thursday, July 29, 1:30 pm - 5:00 pm
    (No class on Friday, Saturday, or Sunday) 
    Day 5: Monday, August 2, 1:30 pm - 5:00 pm
    Day 6: Tuesday, August 3, 1:30 pm - 5:00 pm
    Day 7: Wednesday, August 4, 1:30 pm - 5:00 pm 
    Day 8: Thursday, August 5, 1:30 pm - 5:00 pm

    State Credit:

    Courses are not approved in every state for every delivery format, and some states do not accept virtual education at all. Before registering for any Appraisal Institute course, check your state’s approval for this delivery format. View state approvals.

    Download Course Materials:

    Your course materials, downloads, and pre-class memos are available in your account. For step-by-step instructions, see How do I access my course materials?

    Exam:

    You have 90 days from completing the course to take the proctored exam, either online or at a testing center. You can schedule your exam starting 48 business hours after the course is marked complete; look for the “Schedule Your Exam” message in your account.

    Location:

    This course is delivered live through interactive virtual classroom technology. Please review the participation requirements below.

    Participation Requirements:

    To participate and receive continuing or qualifying education credit (where approved), you must have a computer, webcam, and microphone. Having the required equipment is your responsibility.

    • Webcam: Keep your webcam on at all times during class, with your entire face fully visible.

    • Attendance: Attendance is monitored throughout the day by webcam and polling.

    • Interaction: The instructor must be able to interact with every student. Instructors and administrators will ask each student questions in the morning and afternoon, and you must respond. Join from a location where you can give your full attention throughout the session.

    • Photo ID: Upload a photo ID to the offering page before the course start date. See Appraisal Institute Synchronous Resources for upload instructions.

    Connection Information:

    Connection information for the live session will be sent to you at a later date. Please watch for an email from Zoom with your link to join the class. If you don’t receive it by the day before the course starts, please submit a support request ticket through our Support Center.  

    Joining by link from a browser works, but we recommend installing the free Zoom desktop app before the first session for the best experience.

    Note: Work devices with strict VPNs or firewalls often have trouble connecting to Zoom. We recommend using a personal device or contacting your organization’s IT department before the first session.

    Questions?

    Visit our Support Center.