Inconsistency: It’s Hiding in Plain Sight in Your (commercial) Appraisal
Register
- Date
- December 14, 2023
- Location
- Ontario, CA
- Sponsor
- Southern California Chapter
- Instructor
- Stephen D. Roach, MAI, SRA, AI-GRS
- Class Time
- 7 hours
- Full Price
- $125.00
- AI Price
- $100.00
Enroll by December 13!
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 | 199.C22.R | |
| 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 |
|---|---|---|
| Late
After 11/28/2023 |
$125.00 | $100.00 |
| Standard
Today thru 12/14/2023 |
$125.00 | $100.00 |
Additional Course Offerings
| Sponsor | Date | Location | Format | ||
|---|---|---|---|---|---|
| North Star Chapter | February 9, 2024 | Bloomington, MN | Classroom | View Details | Register |
Disclaimer Information
Appraisal Institute CE Points
Attend: 35 AI Points
Class Time
7 hours