Inconsistency: It’s Hiding in Plain Sight in Your (commercial) Appraisal
Register
- Date
- February 9, 2024
- Location
- Bloomington, MN
- Sponsor
- North Star Chapter
- Instructor
- Rick L. Carlile, MAI, SRA
- Class Time
- 7 hours
- Full Price
- $175.00
- AI Price
- $150.00
Enroll by February 9!
View Pricing Options
Course Description
This seminar concentrates on common inconsistencies found in the reports of even the most seasoned appraisers. For example, developing the income approach using contract rent (leased fee value), developing the cost approach but not adjusting for lease fee (fee simple value), or using the sales comparison approach to analyze comps based on contract rent and other analyzed based on market rent (mixed bag). The results of these inconsistencies make it impossible to reconcile to a proper value regardless of whether the assignment calls for leased fee or fee simple value.
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Who Should Enroll
State Approvals
| State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Approval Format | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|---|
| AK | CE | 7 | 7 | Classroom | Classroom | 04/19/2021 | 03/26/2024 | 18429 | |
| AL | CE | 7 | 7 | Classroom | Classroom | 10/01/2022 | 09/30/2024 | C02706 | |
| AR | CE | 7 | 7 | Classroom | Classroom | 05/26/2023 | 05/13/2025 | AI046 | |
| AZ | CE | 7 | 7 | Classroom | Classroom | 01/01/2022 | 03/26/2024 | 77367 | |
| CA | CE | 7 | 7 | Classroom | Classroom | 04/21/2021 | 04/20/2025 | 21CP754601469 | |
| CO | CE | 7 | 7 | Classroom | Classroom | 05/20/2021 | 03/26/2024 | ||
| CT | CE | 7 | 7 | Classroom | Classroom | 04/12/2021 | 03/26/2024 | AAL.000796 | |
| DC | CE | 7 | 7 | Classroom | Classroom | 06/16/2021 | 02/28/2024 | 5036 | |
| DE | CE | 7 | 7 | Classroom | Classroom | 01/01/2022 | 03/26/2024 | 77367 | |
| FL | CE | 7 | 7 | Classroom | Classroom | 07/15/2023 | 07/14/2025 | 0010292 | |
| GA | CE | 7 | 7 | Classroom | Classroom | 03/31/2021 | 03/26/2024 | 73058 | |
| HI | CE | 7 | 7 | Classroom | Classroom | 06/30/2021 | 03/26/2024 | 20-305 | |
| IA | CE | 7 | 7 | Classroom | Classroom | 05/13/2021 | 03/26/2024 | A518-1196 | |
| ID | CE | 7 | 7 | Classroom | Classroom | 06/26/2021 | 05/26/2025 | ||
| IL | CE | 7 | 7 | Classroom | Classroom | 01/01/2023 | 12/31/2024 | 575.010514 | |
| IN | CE | 7 | 7 | Classroom | Classroom | 01/01/2022 | 03/26/2024 | 77367 | |
| KS | CE | 7 | 7 | Classroom | Classroom | 01/01/2023 | 12/31/2023 | ||
| KY | CE | 7 | 7 | Classroom | Classroom | 07/01/2023 | 06/30/2024 | ||
| LA | CE | 7 | 7 | Classroom | Classroom | 04/22/2021 | 03/26/2024 | ||
| MA | CE | 7 | 7 | Classroom | Classroom | 05/14/2021 | 03/26/2024 | 120125 | |
| MD | CE | 7 | 7 | Classroom | Classroom | 01/01/2022 | 03/26/2024 | 77367 | |
| ME | CE | 7 | 7 | Classroom | Classroom | 01/01/2022 | 03/26/2024 | 77367 | |
| MI | CE | 7 | 7 | Classroom | Classroom | 08/24/2021 | 08/24/2024 | 2298 | |
| MN | CE | 7 | 7 | Classroom | Classroom | 04/19/2021 | 04/30/2025 | 1031394 | |
| MO | CE | 7 | 7 | Classroom | Classroom | 05/12/2021 | 03/26/2024 | ||
| MS | CE | 7 | 7 | Classroom | Classroom | 06/25/2023 | 04/26/2025 | MAB #50322 | |
| MT | CE | 7 | 7 | Classroom | Classroom | 06/02/2021 | 03/26/2024 | REA-CEC-REC-14048 | |
| NC | CE | 7 | 7 | Classroom | Classroom | 01/01/2023 | 12/31/2023 | 4436 | |
| NC | CE | 7 | 7 | Classroom | Classroom | 01/01/2023 | 12/31/2023 | 4436 | |
| ND | CE | 7 | 7 | Classroom | Classroom | 06/21/2021 | 03/26/2024 | CE-221045S | |
| NE | CE | 7 | 7 | Classroom | Classroom | 07/26/2021 | 07/26/2026 | 2211436.02 | |
| NH | CE | 7 | 7 | Classroom | Classroom | 07/19/2021 | 03/26/2024 | ||
| NJ | CE | 7 | 7 | Classroom | Classroom | 01/19/2022 | 03/26/2024 | 2022-3439 | |
| NM | CE | 7 | 7 | Classroom | Classroom | 08/01/2021 | 03/26/2024 | 3239 | |
| NV | CE | 7 | 7 | Classroom | Classroom | 07/01/2023 | 06/30/2024 | CE.0009455-A | |
| NY | CE | 7 | 7 | Classroom | Classroom | 01/01/2023 | 12/31/2023 | A5312-07 | |
| NY | CE | 7 | 7 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | A5312-07 | |
| OH | CE | 7 | 7 | Classroom | Classroom | 01/01/2023 | 12/31/2023 | 084301104A 22 | |
| OH | CE | 7 | 7 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 084400904A 22 | |
| OK | CE | 7 | 7 | Classroom | Classroom | 06/17/2021 | 03/26/2024 | 824 | |
| OR | CE | 7 | 7 | Classroom | Classroom | 04/16/2021 | 03/26/2024 | APIN-C-0421-8881 | |
| PA | CE | 7 | 7 | Classroom | Classroom | 05/26/2021 | 03/26/2024 | ||
| PR | CE | 7 | 7 | Classroom | Classroom | 01/01/2022 | 03/26/2024 | 77367 | |
| RI | CE | 7 | 7 | Classroom | Classroom | 04/22/2021 | 03/26/2024 | REA.0001710-CE | |
| SC | CE | 7 | 7 | Classroom | Classroom | 09/01/2022 | 08/31/2024 | CE1961 | |
| SD | CE | 7 | 7 | Classroom | Classroom | 06/21/2021 | 06/21/2024 | SD 1479 CE | |
| TN | CE | 7 | 7 | Classroom | Classroom | 07/01/2023 | 06/30/2025 | 2472 | |
| TX | CE | 7 | 7 | Classroom | Classroom | 07/01/2023 | 05/31/2024 | TX Provider #:10 Course #: 46495 | |
| UT | CE | 7 | 7 | Classroom | Classroom | 08/01/2023 | 07/31/2025 | AC230718 | |
| VA | CE | 7 | 7 | Classroom | Classroom | 01/01/2022 | 03/26/2024 | 77367 | |
| VT | CE | 7 | 7 | Classroom | Classroom | 04/08/2021 | 04/08/2025 | ||
| WA | CE | 7 | 7 | Classroom | Classroom | 07/23/2021 | 03/26/2024 | A21022546 | |
| WI | CE | 7 | 7 | Classroom | Classroom | 01/01/2022 | 03/26/2024 | 77367 | |
| WV | CE | 7 | 7 | Classroom | Classroom | 06/08/2021 | 03/26/2024 | ||
| WY | CE | 7 | 7 | Classroom | Classroom | 05/26/2021 | 05/26/2024 | 1677 |
Course Objectives
- Recognize inconsistencies with the definition of market value and the need to stay consistent with the type of value opinion developed.
- Understand how the highest and best use decision drives the remainder of the appraisal process and how to stay consistent with highest and best use.
- Realize the need for consistency within and between the three approaches to value.
- Determine what constitutes functional and external obsolescence and how to maintain consistency with both in all three approaches.
- Complete a thorough, meaningful, and consistent reconciliation.
Course Details
Prerequisites
Course Materials & Recommended Books
Pricing Options
| Rate | Full Price | AI Price |
|---|---|---|
| Standard
Today thru 02/09/2024 |
$175.00 | $150.00 |
Additional Course Offerings
| Sponsor | Date | Location | Format | ||
|---|---|---|---|---|---|
| Southern California Chapter | December 14, 2023 | Ontario, CA | Classroom | View Details | Register |
Disclaimer Information
It is
the policy of the Appraisal Institute to provide reasonable accommodations for
qualified persons with disabilities who are participating in Appraisal
Institute Educational Programs. If you need accommodations to participate
because of a disability, please notify us in writing at least two weeks in
advance of the program and we will arrange for reasonable accommodation.