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    Residential Site Valuation and Cost Approach

    Register
    On Demand
    Date
    On Demand
    Sponsor
    Appraisal Institute
    Location
    On-Demand Online Education
    Instructor
    Edward T. Molinari, SRA, AI-RRS
    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
    AR CE 14 14 Online Online 03/02/2024 03/01/2026 AI020
    AR QE 15 14 1 Online Online 03/02/2024 03/01/2026 AI020
    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 06/30/2024 06/29/2028 20CP754601429
    CA QE 15 14 1 Online Online 06/30/2024 06/29/2028 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 15 14 1 Online Online 02/29/2024 02/28/2026 4068
    DC QE 15 14 1 Online Online 02/29/2024 02/28/2026 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
    FL CE 15 14 1 Online Online 09/22/2023 09/21/2025 0009467
    FL QE 15 14 1 Online Online 09/22/2023 09/21/2025 0009467
    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 01/01/2024 12/31/2024 233.C24.R
    KS QE 15 14 1 Online Online 01/01/2024 12/31/2024 332.P.24.R
    KY CE 14 14 Online Online 07/01/2024 05/30/2025
    KY QE 15 14 1 Online Online 07/01/2024 05/30/2025
    LA CE 14 14 Online Online 04/16/2024 03/24/2026 A0147
    LA QE 15 14 1 Online Online 04/16/2024 03/24/2026 A0147
    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 14 14 Online Online 05/01/2023 04/30/2025 1018381
    MN CE 15 14 1 Online Online 05/01/2023 04/30/2025 1018380
    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 01/01/2024 12/31/2024
    ND QE 15 14 1 Online Online 07/03/2008 QE-2813
    NE QE 15 14 1 Online Online 08/02/2019 1192485.02
    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 15 14 1 Online Online 04/16/2024 03/24/2026 4396
    NM QE 15 14 1 Online Online 04/16/2024 03/24/2026 4396
    NV CE 14 14 Online Online 01/01/2024 12/31/2024 CE.0009628-A
    NV QE 15 14 1 Online Online 01/01/2024 10/31/2024 PL.0597007-A
    NY CE 14 14 Online Online 01/01/2024 12/31/2024 A5480-14
    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 03/25/2024 03/24/2026 REA.0002129-CE
    RI QE 15 14 1 Online Online 03/25/2024 03/24/2026 REA.0002129-CE
    SC CE 15 14 1 Online Online 09/01/2024 08/31/2026 AC . 1423
    SC QE 15 14 1 Online Online 09/01/2024 08/31/2026 QE51423, AC . 1423
    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 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 05/17/2024 03/24/2026 TX Provider #: 8038 Course #: 48183
    UT CE 14 14 Online Online 01/01/2023 12/31/2024 AC221206
    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 02/28/2024 11/29/2027 CA-218786
    VT QE 15 14 1 Online Online 03/03/2024 12/12/2027 CA-221778
    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

    Program Overview:

    Online Syllabus

    Assignments:
    No

    Equipment:

    Additional Information:

    Exam:
    You will have 90 days from the time that you complete the course to take the proctored, offline 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.

    Technology-Based Education Student Disclaimer
    I agree to the terms and policies set forth under the Appraisal Institute Education Policy. I also certify that I am the person identified under Personal Data and that I will personally complete each assigned component of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a Designated member, Candidate for Designation, Practicing Affiliate, or Affiliate of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute, and such peer review proceeding may result in termination of my Appraisal Institute membership, candidacy, and/or affiliation.

    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.

    Requirements:

    Online Education FAQ

    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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    Sponsor Date Location Format
    Appraisal Institute November 5-8, 2024 Synchronous View Details Register