Inconsistency: It’s Hiding in Plain Sight in Your (commercial) Appraisal
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.
Who Should Enroll
AI CE Points
Attend:
35
Course Offerings
We are not currently offering this course, but please contact us for additional options and more information.
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 Materials & Recommended Books
State Approvals
| State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|
| AK | CE | 7 | 7 | Classroom | 03/27/2024 | 02/28/2027 | 19831 | |
| AK | CE | 7 | 7 | Synchronous | 03/27/2024 | 02/28/2027 | 19831 | |
| AL | CE | 7 | 7 | Classroom | 11/14/2024 | 09/30/2026 | C02706 | |
| AL | CE | 7 | 7 | Synchronous | 11/14/2024 | 09/30/2026 | C02706 | |
| AR | CE | 7 | 7 | Classroom | 04/30/2025 | 05/13/2027 | AI046 | |
| AR | CE | 7 | 7 | Synchronous | 04/30/2025 | 05/13/2027 | AI046 | |
| AZ | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | 77367 | |
| AZ | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | 77367 | |
| CA | CE | 7 | 7 | Classroom | 04/21/2025 | 04/20/2029 | 21CP754601469 | |
| CA | CE | 7 | 7 | Synchronous | 04/21/2025 | 04/20/2029 | 21CP754601469 | |
| CO | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | 2590 | |
| CO | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | 2590 | |
| CT | CE | 7 | 7 | Classroom | 01/10/2024 | 01/10/2027 | AAL.001168 | |
| CT | CE | 7 | 7 | Synchronous | 01/10/2024 | 01/10/2027 | AAL.001168 | |
| DC | CE | 7 | 7 | Synchronous | 02/29/2024 | 02/28/2026 | 5036 | |
| DC | CE | 7 | 7 | Classroom | 02/29/2024 | 02/28/2026 | 5036 | |
| DE | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | 77367 | |
| DE | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | 77367 | |
| FL | CE | 7 | 7 | Synchronous | 10/12/2025 | 10/11/2027 | 0010671 | |
| GA | CE | 7 | 7 | Classroom | 11/25/2025 | 03/26/2027 | 79397 | |
| GA | CE | 7 | 7 | Synchronous | 11/25/2025 | 03/26/2027 | 79397 | |
| HI | CE | 7 | 7 | Classroom | 09/10/2025 | 03/26/2027 | 25-099 | |
| HI | CE | 7 | 7 | Synchronous | 09/10/2025 | 03/26/2027 | 25-099 | |
| IA | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | A518-1196 | |
| IA | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | A518-1196 | |
| IL | CE | 7 | 7 | Classroom | 12/26/2024 | 12/31/2026 | 575.010514 | |
| IL | CE | 7 | 7 | Synchronous | 12/26/2024 | 12/31/2026 | 575.010514 | |
| IN | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | 77367 | |
| IN | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | 77367 | |
| KS | CE | 7 | 7 | Classroom | 01/01/2026 | 12/31/2026 | C119-57 | |
| KS | CE | 7 | 7 | Synchronous | 01/01/2026 | 12/31/2026 | C119-57 | |
| KY | CE | 7 | 7 | Classroom | 05/31/2025 | 06/30/2026 | ||
| KY | CE | 7 | 7 | Synchronous | 05/31/2025 | 06/30/2026 | ||
| LA | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | A0341 | |
| LA | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | A0341 | |
| MA | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | 00120125 | |
| MA | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | 00120125 | |
| MD | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | 77367 | |
| MD | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | 77367 | |
| ME | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | 77367 | |
| ME | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | 77367 | |
| MI | CE | 7 | 7 | Classroom | 08/25/2024 | 08/25/2027 | 20-842527 | |
| MI | CE | 7 | 7 | Synchronous | 08/25/2024 | 08/25/2027 | 20-842527 | |
| MN | CE | 7 | 7 | Classroom | 04/29/2025 | 04/30/2027 | 1031394 | |
| MO | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | ||
| MO | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | ||
| MS | CE | 7 | 7 | Classroom | 04/27/2025 | 03/26/2027 | MAB #50322 | |
| MS | CE | 7 | 7 | Synchronous | 04/27/2025 | 03/26/2027 | MAB #50322 | |
| MT | CE | 7 | 7 | Classroom | 03/27/2024 | 02/27/2027 | REA-CEC-REC-17540 | |
| MT | CE | 7 | 7 | Synchronous | 03/27/2024 | 02/27/2027 | REA-CEC-REC-17540 | |
| NC | CE | 7 | 7 | Classroom | 01/01/2026 | 12/31/2026 | 4436 | |
| NC | CE | 7 | 7 | Synchronous | 01/01/2026 | 12/31/2026 | 4436 | |
| ND | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | CE-221045, 77367 | |
| ND | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | 77367, CE-221045 | |
| NE | CE | 7 | 7 | Synchronous | 04/14/2023 | 04/14/2028 | 2233439.02 | |
| NE | CE | 7 | 7 | Classroom | 07/26/2021 | 05/27/2030 | 2211436.02 | |
| NH | CE | 7 | 7 | Classroom | 03/26/2024 | 03/26/2027 | ||
| NH | CE | 7 | 7 | Synchronous | 03/26/2024 | 03/26/2027 | ||
| NJ | CE | 7 | 7 | Classroom | 03/07/2024 | 03/26/2027 | 2024-3007 | |
| NJ | CE | 7 | 7 | Synchronous | 03/07/2024 | 03/26/2027 | 2024-3007 | |
| NM | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | 3239 | |
| NM | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | 3239 | |
| NV | CE | 7 | 7 | Classroom | 07/01/2025 | 06/30/2026 | CE.0009455-A | |
| NV | CE | 7 | 7 | Synchronous | 07/01/2025 | 06/30/2026 | CE.0009455-A | |
| NY | CE | 6.5 | 6.5 | Classroom | 12/19/2025 | 12/31/2026 | A5312-6.5 | |
| NY | CE | 6.5 | 6.5 | Synchronous | 12/19/2025 | 12/31/2026 | A5312-6.5 | |
| OH | CE | 7 | 7 | Classroom | 01/01/2026 | 12/31/2026 | 084604205A 25 | |
| OH | CE | 7 | 7 | Synchronous | 01/01/2026 | 12/31/2026 | 084604205A 25 | |
| OK | CE | 7 | 7 | Classroom | 09/10/2025 | 03/26/2027 | 824 | |
| OK | CE | 7 | 7 | Synchronous | 09/10/2025 | 03/26/2027 | 824 | |
| OR | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | APIN-C-0421-8881 | |
| OR | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | APIN-C-0421-8881 | |
| PA | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | ||
| PA | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | ||
| PR | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | 77367 | |
| PR | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | 77367 | |
| RI | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | REA.0002161-CE | |
| RI | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | REA.0002161-CE | |
| SC | CE | 7 | 7 | Classroom | 09/01/2024 | 08/31/2026 | CE1961, AC . 1961 | |
| SC | CE | 7 | 7 | Synchronous | 09/01/2024 | 08/31/2026 | AC . 1961, CE1961 | |
| SD | CE | 7 | 7 | Classroom | 06/22/2024 | 03/26/2027 | SD 1658 CE | |
| SD | CE | 7 | 7 | Synchronous | 06/22/2024 | 03/26/2027 | SD 1658 CE | |
| TN | CE | 7 | 7 | Synchronous | 04/20/2021 | 06/30/2027 | 2472 | |
| TN | CE | 7 | 7 | Classroom | 04/20/2021 | 06/30/2027 | 2472 | |
| TX | CE | 7 | 7 | Classroom | 06/01/2024 | 03/31/2026 | TX Provider #:10 Course #: 46495 | |
| TX | CE | 7 | 7 | Synchronous | 06/01/2024 | 03/31/2026 | TX Provider #:10 Course #: 46495 | |
| VA | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | 77367 | |
| VA | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | 77367 | |
| VT | CE | 7 | 7 | Classroom | 12/05/2022 | 03/20/2029 | CA-158768 | |
| VT | CE | 7 | 7 | Synchronous | 03/20/2025 | 03/20/2029 | ||
| WA | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | A24004372 | |
| WA | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | A24004372 | |
| WI | CE | 7 | 7 | Synchronous | 03/27/2024 | 03/26/2027 | 77367 | |
| WI | CE | 7 | 7 | Classroom | 03/27/2024 | 03/26/2027 | 77367 | |
| WV | CE | 7 | 7 | Classroom | 03/27/2024 | 05/26/2027 | ||
| WV | CE | 7 | 7 | Synchronous | 03/27/2024 | 05/26/2027 | ||
| WY | CE | 7 | 7 | Classroom | 05/27/2024 | 05/26/2027 | 1677 |