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    Practical Applications in Appraising Green Commercial Properties

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    November 12-15, 2024
    Date
    November 12-15, 2024
    Sponsor
    Appraisal Institute
    Appraisal Institute - Synchronous (Live Online) Location
    Instructor
    Timothy P. Runde, MAI
    Class Time
    14 hours
    Exam Time
    1 Hour
    Full Price
    $450.00
    AI Price
    $370.00
    Enroll by November 15!
    View Pricing Options
    Course Description
    This two-day course introduces participants to a broad range of valuation problems encountered when appraising green commercial buildings, conventional buildings with green features, and conventional buildings in today’s markets that are increasingly influenced by sustainability and green building. Based on AI’s publication The Valuation of Green Commercial Real Estate, the course presents real-world case study examples from a variety of property types to help you learn and apply credible valuation techniques for analyzing and reporting the degree to which green building and sustainability affect property value. As you apply the three approaches to value, you’ll develop valuable insight and hands-on experience developing cost and income-based adjustments when sales data is lacking, identifying and analyzing rent and marketability premiums, evaluating operating cost impacts, and assessing risk effects. In addition, you’ll learn how green building and sustainability affect scope of work development and highest and best use analysis for both green and conventional properties. You’ll also get familiar with emerging topics such as net zero energy, distributed generation, wellness-based design, and resilience.

     

    Notes. This course is in the Valuation of Sustainable Buildings Professional Development Program. View this list of FAQs, which includes information regarding the courses you’ll need to complete the program successfully.

    Who Should Enroll
    • Commercial real property appraisers
    • Residential appraisers who appraise complex properties
    • Developers
    • Underwriters and lenders
    • Public officials
    • Architects
    • Attorneys
    • Property tax assessors
    • Engineers and designers


    AI CE Points
    Attend:
    150
    Attend & Pass Exam:
    200
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 15 14 1 Synchronous Livestream 02/12/2024 12/08/2026 19751
    AL CE 15 14 1 Synchronous Livestream 03/18/2021 09/30/2024 C02635
    AR CE 15 14 1 Synchronous Livestream 12/02/2023 12/01/2025 AI004
    AZ CE 15 14 1 Synchronous Livestream 11/03/2023 11/01/2025 1123-0000037
    CA CE 14 14 Synchronous Livestream 01/01/2022 08/10/2025 17CP754601281
    CO CE 15 14 1 Synchronous Livestream 08/26/2023 08/25/2026 2469
    CT CE 15 14 1 Synchronous Livestream 09/13/2023 09/13/2026 AAL.001100
    DC CE 15 14 1 Synchronous Livestream 02/29/2024 02/28/2026 6095
    DE CE 15 14 1 Synchronous Livestream 11/01/2023 10/31/2025
    FL CE 15 14 1 Synchronous Livestream 09/12/2023 09/12/2025 0010659
    GA CE 14 14 Synchronous Livestream 03/21/2019 70529
    HI CE 15 14 1 Synchronous Livestream 01/01/2024 12/31/2024 23-485
    IA CE 15 14 1 Synchronous Livestream 02/02/2024 11/27/2025 A518-1081
    ID CE 15 14 1 Synchronous Livestream 08/13/2021 08/02/2025
    IL CE 14 14 Synchronous Livestream 01/01/2023 12/31/2024 575.010172
    KS CE 15 14 1 Synchronous Livestream 01/01/2024 12/31/2024 481.C24.R
    KY CE 15 14 1 Synchronous Livestream 07/01/2023 06/30/2024
    LA CE 15 14 1 Synchronous Livestream 01/01/2022 12/31/2024
    MA CE 14 14 Synchronous Livestream 08/18/2023 08/17/2025 120025
    MD CE 15 14 1 Synchronous Livestream 08/14/2023 08/14/2026
    ME CE 15 14 1 Synchronous Livestream 08/15/2023 08/14/2024 5C060
    MI CE 15 14 1 Synchronous Livestream 09/13/2023 09/13/2026 20 - 618100
    MN CE 15 14 1 Synchronous Livestream 09/01/2023 08/31/2025 43883
    MO CE 14 14 Synchronous Livestream 07/01/2023 06/30/2024
    MO CE 14 14 Synchronous Livestream 07/01/2024 06/30/2026
    MS CE 15 14 1 Synchronous Livestream 12/21/2022 10/27/2024 MAB #49987
    MT CE 15 14 1 Synchronous Livestream 01/29/2024 11/15/2026 REA-CEC-REC- 17148
    NC CE 14 14 Synchronous Livestream 01/01/2024 12/31/2024 4165
    ND CE 15 14 1 Synchronous Livestream 08/31/2021 08/31/2025
    NE CE 14 14 Synchronous Livestream 08/18/2022 08/17/2027 2171437.02
    NE CE 15 14 1 Synchronous Livestream 08/17/2023 08/17/2027
    NH CE 15 14 1 Synchronous Livestream 12/28/2023 12/31/2025
    NJ CE 15 14 1 Synchronous Livestream 01/01/2022 2017-3179
    NM CE 15 14 1 Synchronous Livestream 07/19/2023 05/26/2026 4267
    NV CE 15 14 1 Synchronous Livestream 09/01/2020 08/31/2024 CE.0009775-A
    NY CE 14 14 Synchronous Livestream 01/01/2024 12/31/2024 A4738-14
    OH CE 15 14 1 Synchronous Livestream 01/01/2024 12/31/2024 084401204A 22
    OK CE 15 14 1 Synchronous Livestream 09/10/2023 09/11/2026 892
    OR CE 15 14 1 Synchronous Livestream 07/01/2023 08/07/2026 APIN-C-0620-8852
    PA CE 15 14 1 Synchronous Livestream 02/12/2024 03/01/2027
    PR CE 14 14 Synchronous Livestream 01/01/2022
    RI CE 14 14 Synchronous Livestream 01/07/2022 09/06/2024 REA.0002067-CE
    SC CE 15 15 Synchronous Livestream 09/01/2022 08/31/2024 CE1645
    SD CE 14 14 Synchronous Livestream 01/12/2024 11/14/2026 SD 1234 CE
    TN CE 15 14 1 Synchronous Livestream 09/01/2023 08/31/2025 2058
    TX CE 14 14 Synchronous Livestream 11/01/2023 08/31/2025 TX Provider #:10 Course #: 37936
    UT CE 15 14 1 Synchronous Livestream 10/01/2019 08/31/2025 AC230823
    VA CE 15 14 1 Synchronous Livestream 08/08/2023 08/31/2025
    VT CE 15 14 1 Synchronous Livestream 04/17/2024 02/12/2028 CA-222781
    WI CE 15 14 1 Synchronous Livestream 02/19/2024 02/18/2026
    WV CE 14 14 Synchronous Livestream 04/22/2023 04/26/2026
    WY CE 15 15 Synchronous Livestream 08/16/2023 08/15/2026 355
    Course Objectives
    • Identify and understand green building features and practices in both green and conventional commercial buildings.
    • Recognize and analyze the valuation effects of sustainability and green building for various commercial property types.
    • Develop and appropriately apply cost- and income-based adjustments when comparable sale data is lacking.
    • Assess the 4 areas where the green building is most likely to impact the income capitalization approach.
    • Correctly apply the cost approach to green improvements, including obsolescence adjustments.
    • Evaluate market demand for sustainable/green improvements and incorporate into the highest and best use analysis.
    • Develop an appropriate scope of work for green building assignments and for any property with green building features.
    • Benchmark and cross-check value indicators using alternative valuation techniques. 
    Course Details

    Program Overview:
    Table of Contents and Overview
    Course Schedule

    Assignments:

    Yes. After you register for this class, please go to your Education and Events page for details on what you must complete BEFORE class begins.
     
    To access your Education and Events page, log on to the Appraisal Institute website at https://ai.appraisalinstitute.org/eweb (click on the three horizontal lines to the left of the AI logo and select “My
    AI Account” from the drop-down menu).
     

    Equipment:

    • Required Textbook: Participants must purchase this book and bring with them to class: The Valuation of Green Commercial Real Estate
    • Laptop or tablet computer to access pdf version of the textbook and/or course handbook. A computer is NOT required if you will be referencing a print version of the textbook and/or course handbook.
    • Financial or conventional calculator to complete problems in class and on exam. The accepted model used in the course is the HP-12C.


    Additional Information:

    Course Materials Include:

    • Course Handbook (346 pp.)
    • Pre-Class Memo (1 p.)
    • Opt-Out Form (1 p.)
    This classroom course is approved for GBCI CE Hours by the USGBC.

    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 11/15/2024
    $450.00 $370.00
    Have Exam Questions?
    Event Information

    Required Textbook:
    In addition to the course handbook, the textbook, The Valuation of Green Commercial Real Estate, is required for this course. If you do not yet have a pdf or print copy of the textbook, you will need to purchase it prior to coming to class. To purchase the book on the AI Online Store click here. The course revolves around the textbook; the textbook is referenced throughout the course handbook. Many of the problems and case studies are derived directly from examples in the book. Participants will need the textbook (printout or electronic access) to complete several of the case studies presented in the course.

    Location:
    This course will be held via live interactive classroom technology. See below for 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.

    Class Schedule:
    Class begins each day at 10:00AM Central (8:00AM Pacific, 9:00AM Mountain, 11:00AM Eastern). Each class runs for three hours and thirty minutes (3.50) each day with at least two breaks during that time. The program runs for four (4) half-days as follows. Times shown are U.S. Central (Chicago) time.

     

    • Day 1: Monday, November 12, 10:00 am - 1:30 pm
    • Day 2: Tuesday, November 13, 10:00 am - 1:30 pm
    • Day 3: Wednesday, November 14, 10:00 am - 1:30 pm
    • Day 4: Thursday, November 15, 10:00 am - 1:30 pm

    AI National Synchronous Participation Requirements:
    • All 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 keep their webcam on at all times while class is in session. Attendance will be monitored throughout the day through webcams and polling. A photo ID must be presented during roll call at the beginning of class on the first day. 

     

    • 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 sync@appraisalinstitute.org or call (312) 335-4473.


    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 re-sent 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 sync@appraisalinstitute.org or call (312) 335-4473.

    Download Course Materials:
    Log onto your AI Account at www.appraisalinstitute.org with the username and password you used when you registered. Click on “Education and Events” located on the right navigation menu. 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.