Practical Applications in Appraising Green Commercial Properties

• 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. 
  

Program Overview:

Practical Applications in Appraising Green Commercial Properties - Syllabus

Module 1: Identifying Green Buildings and Green Features, Part 1 (50 minutes)       

Module 2: Identifying Green Buildings and Green Features, Part 2 (90 minutes)

Module 3: Integrating Green Building into the Cost Approach, Part 1 (60 minutes)  

Module 4: Integrating Green Building into the Cost Approach, Part 2 (70 minutes)

Module 5: Integrating Green Building into the Cost Approach, Part 3 (50 minutes) 

Module 6: Integrating Green Building into the Sales Comparison Approach, Part 1 (30 minutes)

Module 7: Integrating Green Building into the Sales Comparison Approach, Part 2 (80 minutes)  

Module 8: Integrating Green Building into the Sales Comparison Approach, Part 3 (40 minutes)       

Module 9: Integrating Green Building into the Income Approach, Part 1 (60 minutes)     

Module 10: Integrating Green Building into the Income Approach, Part 2 (65 minutes)    

Module 11: Distributed Energy Generation (90 minutes)

Module 12: Land Value and Highest & Best Use Considerations (65 minutes)

Assignments:

Yes. Participants must complete mandatory assignments in this program. Please plan your time accordingly and allow up to 5 days for the instructor to review your assignments. The instructor may ask for a re-submission of incomplete assignments. You may advance through the program while you are waiting for your instructor to review your work. You may also contact the instructor to request expedited review.

Equipment:

• Required Textbook: Participants must purchase this book for the course: The Valuation of Green Commercial Real Estate
• Financial or conventional calculator to complete problems in the course and on the exam. The accepted model used in the course is the HP-12C.
  • Free Review: Using a Financial Calculator: Formulas, Symbols, Math Review, and Sample Problems; and Financial Calculator Practice Exercises.
  • For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.  
    
    
     

Additional Information:

Exam:  
This course contains a proctored exam that may be required for credit in some states. Please contact your individual state(s) for specific exam requirements. Participants taking the class for the Professional Development Program are required to complete the exam. You will have 90 days from the time that you complete the course to take the exam. Testing center locations in your area can be found by clicking on this link:www.pearsonvue.com/ai. 
Exam FAQ

Online Course Access 
Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.  
1. Click "Education and Events" on the right navigation menu.  
2. Find the course under the “Online Courses” heading and click the “Begin” button.  
IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue. 

Other Details 
For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions or email ol-help@appraisalinstitute.org.

Requirements:

Online Education FAQ

Exam FAQ

• Introduction to Green Buildings: Principles & Concepts
• Residential & Commercial Valuation of Solar

• The Appraisal of Real Estate, 15th ed.
• Residential Green Valuation Tools
• The Dictionary of Real Estate Appraisal, 7th ed.