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    Residential Site Valuation and Cost Approach

    Register
    Date
    On Demand
    Location
    Sponsor
    Appraisal Institute
    Instructor
    Richard C. DuBay, SRPA, SRA
    Class Time
    14 hours
    Exam Time
    1 Hour
    Full Price
    $345.00
    AI Price
    $290.00
    Course Description
    This course focuses on the valuation of vacant land parcels and the development of the cost approach. Create a current cost estimate using market extraction, discover effective interview techniques, and explore information provided by professional cost data sources. An in-depth case study takes you from the origin of the appraisal assignment to a final value estimate using various cost approach applications.


    Who Should Enroll
    Those seeking residential real property appraiser licensure or certification with introductory experience and an understanding of the fundamental concepts of appraising
    AI CE Points
    Attend:
    70
    Attend & Pass Exam:
    140
    Pass Only:
    125
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 14 14 Online Online 02/06/2023 02/06/2026 19240
    AK QE 15 14 1 Online Online 02/06/2023 02/06/2026 19240
    AL CE 15 14 1 Online Online 11/17/2022 09/30/2024 C02682
    AL QE 15 14 1 Online Online 11/01/2022 09/30/2024 C02682
    AR CE 14 14 Online Online 03/02/2022 03/01/2024
    AR QE 15 14 1 Online Online 03/02/2022 03/01/2024
    AZ CE 15 14 1 Online Online 03/24/2023 03/24/2026 46751
    AZ QE 15 14 1 Online Online 03/24/2023 03/24/2026 46751
    CA CE 14 14 Online Online 08/27/2008 06/16/2024 20CP754601429
    CA QE 15 14 1 Online Online 06/30/2020 06/29/2024 20CP754601429
    CO CE 14 14 Online Online 03/25/2023 03/24/2026 2356
    CO CE 15 14 1 Online Online 03/25/2023 03/24/2026
    CO QE 15 14 1 Online Online 03/25/2023 03/24/2026
    CT CE 14 14 Online Online 03/25/2023 03/08/2026 AAL.001033
    CT QE 15 14 1 Online Online 03/25/2023 03/08/2026 APR.000292
    DC CE 14 14 Online Online 03/01/2020 02/28/2024 4068
    DC QE 15 14 1 Online Online 03/01/2020 02/28/2024 4068
    DE CE 15 14 1 Online Online 03/24/2023 03/24/2026 46751
    DE QE 15 14 1 Online Online 03/24/2023 03/24/2026 46751
    GA CE 15 14 1 Online Online 02/17/2023 03/24/2026 72848
    GA QE 15 14 1 Online Online 02/17/2023 03/24/2026 72848
    HI CE 14 14 Online Online 11/07/2023 12/31/2024 23-335
    HI CE 15 14 1 Online Online 11/07/2023 12/31/2024 23-335
    HI QE 15 14 1 Online Online 11/07/2023 12/31/2024 23-335
    IA CE 14 14 Online Online 03/25/2023 03/24/2026 A518-1208
    IA QE 15 14 1 Online Online 03/25/2023 03/24/2026 A518-1209
    ID CE 14 14 Online Online 03/25/2023 03/24/2026 6749
    ID CE 15 14 1 Online Online 06/23/2023 03/24/2026
    ID QE 15 14 1 Online Online 03/25/2023 03/24/2026 6749
    IL CE 14 14 Online Online 01/01/2023 12/31/2024 575.001349
    IL QE 15 14 1 Online Online 01/01/2023 12/31/2024 573.000517
    IN CE 15 14 1 Online Online 03/24/2023 03/24/2026 46751
    IN QE 15 14 1 Online Online 03/24/2023 03/24/2026 46751
    KS CE 14 14 Online Online 01/01/2023 12/31/2023 233.C22.R
    KS QE 15 14 1 Online Online 01/01/2023 12/31/2023 332.P.22.R
    KY CE 15 14 1 Online Online 07/01/2023 06/30/2024
    KY QE 15 14 1 Online Online 07/01/2023 06/30/2024
    LA CE 14 14 Online Online 03/25/2023 04/15/2024
    LA QE 15 14 1 Online Online 03/25/2023 04/15/2024
    MA CE 14 14 Online Online 02/01/2023 03/24/2026 120129
    MA QE 15 14 1 Online Online 02/01/2023 03/24/2026 10051144
    MD CE 15 14 1 Online Online 03/24/2023 03/24/2026 46751
    MD QE 15 14 1 Online Online 03/24/2023 03/24/2026 46751
    ME CE 15 14 1 Online Online 03/24/2023 03/24/2026 46751
    ME QE 15 14 1 Online Online 03/24/2023 03/24/2026 46751
    MI CE 14 14 Online Online 03/24/2023 03/24/2026 3002
    MI QE 15 14 1 Online Online 03/24/2023 03/24/2026 3002
    MN CE 15 14 1 Online Online 05/01/2023 04/30/2025 1018380
    MN CE 14 14 Online Online 05/01/2023 04/30/2025 1018381
    MN QE 15 14 1 Online Online 05/01/2023 04/30/2025 1018379
    MO CE 14 14 Online Online 02/10/2023 03/24/2026
    MO QE 15 14 1 Online Online 02/10/2023 03/24/2026
    MS CE 14 14 Online Online 05/29/2022 07/27/2025 MAB #49730
    MS QE 15 14 1 Online Online 05/29/2022 07/27/2025 MAB #49730
    MT CE 15 14 1 Online Online 10/05/2020 03/24/2026 REA-CEC-REC-16764
    MT QE 15 14 1 Online Online 11/19/2023 03/24/2026 REA-CEC-REC-16943
    NC QE 15 14 1 Online Online 01/01/2023 12/31/2023
    ND QE 15 14 1 Online Online 07/03/2008 QE-2813
    NE QE 15 14 1 Online Online 03/24/2023 03/24/2026 46751
    NH CE 15 14 1 Online Online 03/24/2023 08/21/2024
    NH QE 15 14 1 Online Online 03/24/2023 08/21/2024
    NJ CE 15 14 1 Online Online 12/28/2022 03/24/2026 3230
    NJ QE 15 14 1 Online Online 12/28/2022 03/24/2026 3230
    NM CE 14 14 Online Online 03/25/2023 04/15/2024 4261
    NM QE 15 14 1 Online Online 03/25/2023 04/15/2024 4261
    NV CE 14 14 Online Online 12/05/2022 12/31/2023 CE.0009628-A
    NV CE 14 14 Online Online 01/01/2024 12/31/2024 CE.0009628-A
    NV QE 15 14 1 Online Online 12/05/2022 12/31/2023 PL.0597007-A
    NV QE 15 14 1 Online Online 01/01/2024 10/31/2024 PL.0597007-A
    NY CE 14 14 Online Online 10/27/2022 12/31/2023 A5480-14
    NY CE 14 14 Online Online 01/01/2024 12/31/2024 A5480-14
    NY QE 15 14 1 Online Online 10/01/2023 09/30/2024 Q0206 R8
    OH CE 14 14 Online Online 01/01/2023 12/31/2023 923302803A 22
    OH CE 14 14 Online Online 01/01/2024 12/31/2024 923404011A 24
    OH QE 15 14 1 Online Online 03/24/2023 03/24/2026 46751
    OK CE 14 14 Online Online 03/25/2023 03/24/2026 985
    OK QE 15 14 1 Online Online 03/25/2023 03/24/2026 60E
    OR CE 14 14 Online Online 03/25/2023 03/24/2026 APIN-C-0223-8965
    OR QE 15 14 1 Online Online 03/25/2023 03/24/2026 APIN-Q-0223-8966
    PA CE 14 14 Online Online 02/23/2023 03/24/2026
    PA QE 15 14 1 Online Online 02/23/2023 03/24/2026
    PR CE 15 14 1 Online Online 03/24/2023 03/24/2026 46751
    PR QE 15 14 1 Online Online 03/24/2023 03/24/2026 46751
    RI CE 14 14 Online Online 06/22/2020 03/24/2024 REA.0001539-CE
    RI QE 15 14 1 Online Online 06/22/2020 03/24/2024 REA.0001539-CE
    SC QE 15 14 1 Online Online 09/01/2022 08/31/2024 AS.1DQE-5
    SD CE 15 14 1 Online Online 11/26/2023 09/11/2026 SD 487
    SD QE 15 14 1 Online Online 11/26/2023 09/11/2026 SD 487
    TN CE 15 15 Online Online 01/19/2023 01/31/2025 2643
    TN CE 15 14 1 Online Online 06/15/2022 07/31/2024 1203
    TN CE 15 14 1 Online Online 02/08/2023 07/31/2026 1203
    TN QE 15 14 1 Online Online 07/17/2008 07/31/2026 1203
    TX CE 14 14 Online Online 03/24/2023 10/28/2025 TX Provider #:10 Course #:47728
    TX QE 15 14 1 Online Online 03/25/2023 04/15/2024 TX Provider #: 8038 Course #: 31019
    UT CE 14 14 Online Online 01/01/2023 12/31/2024 AC221206
    UT CE 14 14 Online Online 01/01/2023 12/31/2023 AC221206
    UT QE 15 14 1 Online Online 10/01/2022 09/30/2024 AQ220913
    VA CE 15 14 1 Online Online 03/24/2023 03/24/2026 46751
    VA QE 15 14 1 Online Online 02/07/2023 02/28/2025 4006000890
    VT CE 14 14 Online Online 04/14/2011 02/27/2024
    VT CE 14 14 Online Online 02/28/2024 11/29/2027 CA-218786
    VT QE 15 14 1 Online Online 04/14/2011 03/02/2024
    WA CE 14 14 Online Online 02/15/2023 03/24/2026 A3280
    WA QE 15 14 1 Online Online 02/15/2023 03/24/2026 A3280
    WI CE 15 14 1 Online Online 03/24/2023 03/24/2026 46751
    WI QE 15 14 1 Online Online 03/24/2023 03/24/2026 46751
    WV CE 14 14 Online Online 02/17/2023 03/24/2026
    WV QE 15 14 1 Online Online 02/17/2023 03/24/2026
    WY CE 14 14 Online Online 03/25/2022 03/24/2026 1921
    WY QE 15 14 1 Online Online 03/25/2023 03/24/2026
    Course Objectives
    • Identify all steps in completing a cost approach. The step-by-step process of estimating current construction cost is the focus.
    • Recognize how to use data sources and the comparative-unit method of cost calculation.
    • Apply the age-life and market extraction methods of estimating depreciation.
    • Apply the breakdown method of estimating depreciation, including physical deterioration, functional obsolescence, and external obsolescence.
    • Recognize elements of cost approach summation, including reconciliation of depreciation estimates.
    • Identify residential site valuation principles and how they relate to the concept of market analysis and the development of a highest and best use conclusion.
    • Identify the elements of comparison and the units of comparison as they are applied in the sales comparison approach for estimating site value.
    • Recognize steps in the extraction and allocation methods of site valuation.
    • Reconcile multiple site value indications to a final opinion of site value.
    Course Details
    Classroom & Synchronous

    Table of Contents and Overview
    Course Schedule
    Online & Synchronous


    Online Syllabus
    Prerequisites
    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 12/31/2050
    $345.00 $290.00
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    Additional Course Offerings
    Sponsor Date Location Format
    Appraisal Institute June 10-13, 2024 Synchronous View Details Register
    Appraisal Institute November 5-8, 2024 Synchronous View Details Register
    Tennessee Chapter September 12-13, 2024 Nashville, TN Classroom View Details Register