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    Residential Site Valuation and Cost Approach

    More Info Register
    November 5-8, 2024
    Date
    November 5-8, 2024
    Sponsor
    Appraisal Institute
    Location
    Appraisal Institute - Synchronous (Live Online)
    Instructor
    Lisa M. Meinczinger, SRA, AI-RRS
    Class Time
    14 hours
    Exam Time
    1 Hour
    Full Price
    $345.00
    AI Price
    $290.00
    Enroll by November 8!
    View Pricing Options
    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
    AL CE 15 14 1 Synchronous Synchronous 10/01/2022 09/30/2024 C02687
    AL QE 15 14 1 Synchronous Synchronous 10/01/2022 09/30/2024 C02687
    AR CE 14 14 Synchronous Livestream 05/06/2022 09/10/2025
    AR CE 15 14 1 Synchronous Synchronous 09/11/2023 09/10/2025
    AR QE 15 14 1 Synchronous Livestream 05/06/2022 09/10/2025
    AR QE 15 14 1 Synchronous Synchronous 09/11/2023 09/10/2025
    AZ CE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 77113
    AZ QE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 77113
    CA CE 14 14 Synchronous Livestream 01/01/2022 07/27/2025 05754102
    CA CE 14 14 Synchronous Synchronous 09/27/2021 09/26/2025 21CP754601479
    CA QE 15 14 1 Synchronous Livestream 01/01/2022 07/27/2025 05754102
    CA QE 15 14 1 Synchronous Synchronous 09/27/2021 09/26/2025 21CP754601479
    CO CE 15 14 1 Synchronous Synchronous 03/24/2023 03/24/2026 2355
    CO CE 14 14 Synchronous Synchronous 03/24/2023 03/24/2026 2355
    CO QE 15 14 1 Synchronous Synchronous 03/24/2023 03/24/2026 2355
    CT CE 15 14 1 Synchronous Synchronous 06/14/2023 06/01/2025 AAL.001065
    CT QE 15 14 1 Synchronous Synchronous 05/08/2024 04/15/2027 APR.000341
    DC CE 15 14 1 Synchronous Synchronous 02/29/2024 02/28/2026 4055
    DC QE 15 14 1 Synchronous Synchronous 02/29/2024 02/28/2026 4055
    DE CE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 77113
    DE QE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 77113
    FL CE 15 14 1 Synchronous Livestream 09/15/2022 09/15/2024 0010460
    FL CE 14 14 Synchronous Synchronous 09/15/2022 09/15/2024 0010458
    FL QE 15 14 1 Synchronous Livestream 09/15/2022 09/15/2024 0010460
    FL QE 15 14 1 Synchronous Synchronous 09/15/2022 09/15/2024 0010460
    GA CE 15 14 1 Synchronous Synchronous 06/14/2022 73569
    GA QE 15 14 1 Synchronous Synchronous 06/14/2022 73569
    HI CE 14 14 Synchronous Synchronous 04/16/2024 12/31/2024 23-483
    HI CE 15 14 1 Synchronous Synchronous 04/16/2024 12/31/2024 23-483
    HI QE 15 14 1 Synchronous Synchronous 04/16/2024 12/31/2024 23-483
    IA CE 14 14 Synchronous Synchronous 04/16/2024 04/15/2027 A518-437
    IA CE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 A518-1194
    IA QE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 A518-404
    ID CE 15 14 1 Synchronous Synchronous 04/16/2024 02/28/2026
    ID QE 15 14 1 Synchronous Synchronous 04/16/2024 02/28/2026
    IL CE 14 14 Synchronous Synchronous 01/01/2023 12/31/2024 575.010532
    IL QE 15 14 1 Synchronous Synchronous 01/01/2023 12/31/2024 573.000715
    IN CE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 77113
    IN QE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 77113
    KS CE 14 14 Synchronous Synchronous 01/01/2024 12/31/2024 460.C24.N
    KS QE 15 14 1 Synchronous Synchronous 01/01/2024 12/31/2024 459.P24.N
    KY CE 15 14 1 Synchronous Synchronous 07/01/2023 06/30/2024
    KY CE 14 14 Synchronous Synchronous 07/01/2024 05/30/2025
    KY QE 15 14 1 Synchronous Synchronous 07/01/2023 06/30/2024
    KY QE 15 14 1 Synchronous Synchronous 07/01/2024 05/30/2025
    LA CE 15 14 1 Synchronous Synchronous 01/01/2024 09/30/2025 4006000473
    LA QE 15 14 1 Synchronous Synchronous 01/01/2024 09/30/2025 4006000473
    MA CE 14 14 Synchronous Synchronous 04/25/2024 04/15/2027 00120151
    MA QE 15 14 1 Synchronous Synchronous 04/25/2024 04/15/2027 00120128
    MD CE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 77113
    MD QE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 77113
    ME CE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 77113
    ME QE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 77113
    MI CE 14 14 Synchronous Synchronous 09/05/2023 09/05/2026 20 - 864099
    MI QE 15 14 1 Synchronous Synchronous 04/16/2024 04/16/2027 20-1197146
    MN CE 14 14 Synchronous Synchronous 05/01/2024 04/30/2026 996064
    MN CE 15 14 1 Synchronous Synchronous 05/01/2024 04/30/2026 58775
    MN QE 15 14 1 Synchronous Synchronous 05/01/2024 04/30/2026 509
    MO CE 14 14 Synchronous Synchronous 04/16/2024 04/15/2027
    MO QE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027
    MT CE 14 14 Synchronous Synchronous 04/16/2024 04/15/2027 REA-CEC-REC-17970
    MT QE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 REA-CEC-REC-17970
    NC QE 15 14 1 Synchronous Synchronous 01/01/2024 12/31/2024
    ND QE 15 14 1 Synchronous Livestream 01/01/2022 QE2503
    ND QE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 QE-223011
    NE QE 15 14 1 Synchronous Synchronous 09/01/2019 03/24/2023 1212444.02
    NJ CE 14 14 Synchronous Synchronous 04/16/2024 04/15/2027 2024-3015
    NJ QE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 2024-3015
    NV CE 14 14 Synchronous Synchronous 05/23/2023 05/23/2024 CE.0009707-A
    NV QE 15 14 1 Synchronous Synchronous 11/01/2023 08/31/2024 PL.0009586-A
    NY CE 15 14 1 Synchronous Synchronous 01/01/2024 12/31/2024 A5480-14
    NY QE 15 14 1 Synchronous Synchronous 10/01/2023 09/30/2024 Q0206 R8
    OH CE 15 14 1 Synchronous Synchronous 01/01/2024 12/31/2024 084402604A 22
    OH QE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 77113
    OK CE 14 14 Synchronous Synchronous 04/16/2024 04/15/2027 703v
    OK QE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 612
    OR CE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 APIN-Q-0424-9030
    OR QE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 APIN-Q-0424-9030
    PA CE 14 14 Synchronous Synchronous 06/14/2022 06/14/2024
    PA QE 15 14 1 Synchronous Synchronous 06/14/2022 06/14/2024
    PR CE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 77113
    PR QE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 77113
    RI CE 15 14 1 Synchronous Synchronous 04/17/2027 04/15/2027 REA.0002187-CE
    RI QE 15 14 1 Synchronous Synchronous 04/17/2027 04/15/2027 REA.0002187-CE
    SC CE 15 14 1 Synchronous Synchronous 09/01/2022 08/31/2024 CE1982
    SC QE 15 14 1 Synchronous Synchronous 09/01/2022 08/31/2024 AS.1QE5
    SD CE 15 14 1 Synchronous Synchronous 11/26/2023 04/15/2027 SD 381
    SD QE 15 14 1 Synchronous Synchronous 11/02/2021 11/02/2024 SD 676
    SD QE 15 14 1 Synchronous Synchronous 04/27/2024 04/15/2027 SD 381
    TN CE 15 14 1 Synchronous Synchronous 10/01/2023 10/31/2025 951
    TN QE 15 14 1 Synchronous Synchronous 10/01/2023 10/31/2025 951
    TX CE 15 14 1 Synchronous Synchronous 05/03/2024 04/30/2026 TX Provider #:10 Course #:48077
    TX QE 15 14 1 Synchronous Synchronous 03/25/2023 03/24/2026 TX Provider #: 8038 Course #: 27852
    UT CE 14 14 Synchronous Synchronous 12/01/2023 11/30/2025 AC231121
    UT QE 15 14 1 Synchronous Synchronous 12/01/2023 11/30/2025 AQ231130
    VA CE 15 14 1 Synchronous Livestream 01/01/2022
    VA CE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 77113
    VA QE 15 14 1 Synchronous Synchronous 10/01/2023 09/30/2025 4006000473
    VT CE 14 14 Synchronous Synchronous 02/15/2024 08/31/2025
    VT QE 15 14 1 Synchronous Synchronous 02/15/2024 08/31/2025
    WA CE 15 14 1 Synchronous Synchronous 04/18/2024 04/15/2027 A23015549
    WA QE 15 14 1 Synchronous Synchronous 04/18/2024 04/15/2027 A23015549
    WI CE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 77113
    WI QE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2027 77113
    WV CE 15 14 1 Synchronous Synchronous 04/23/2024 04/15/2027
    WV QE 15 14 1 Synchronous Synchronous 04/23/2024 04/15/2027
    WY CE 14 14 Synchronous Livestream 01/01/2022 08/31/2024 1701
    WY CE 15 14 1 Synchronous Synchronous 08/31/2021 08/31/2024 1701
    WY QE 15 14 1 Synchronous Livestream 01/01/2022 08/31/2024 1702
    WY QE 15 14 1 Synchronous Synchronous 08/31/2021 08/31/2024 1702
    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:

    Prerequisites
    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 11/08/2024
    $345.00 $290.00
    Have Exam Questions?
    Additional Course Offerings
    Sponsor Date Location Format
    Appraisal Institute On Demand Online View Details Register
    Appraisal Institute June 10-13, 2024 Synchronous View Details Register
    Tennessee Chapter September 12-13, 2024 Nashville, TN Classroom View Details Register
    Event Information

    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 time (8:00AM Pacific, 9:00AM Mountain, 11:00AM Eastern). Each class runs for three hours and 30 minutes (3.50) each day with at least two breaks during that time. The course runs for four (4) half-days. Times shown are U.S. Central (Chicago) time.

    Day 1: Tuesday, November 5, 10:00 am - 1:30 pm
    Day 2: Wednesday, November 6, 10:00 am - 1:30 pm
    Day 3: Thursday, November 7, 10:00 am - 1:30 pm
    Day 4: Friday, November 8, 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.