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    Residential Site Valuation and Cost Approach

    Register
    Date
    June 10-13, 2024
    Location
    Sponsor
    Appraisal Institute
    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 June 13!
    View Pricing Options
    Synchronous
    Topics:
    Land/Site Valuation
    Valuation Approaches
    Upgrade your career
    Residential
    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.


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    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
    pts
    Attend & Pass Exam:
    140
    pts
    Pass Only:
    125
    pts
    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 Synchronous Synchronous 03/24/2023 04/15/2024 19244
    AK QE 15 14 1 Synchronous Synchronous 03/24/2023 04/15/2024 19244
    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 14 14 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    AZ CE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    AZ QE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 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 Livestream 01/01/2022 04/15/2024
    CO CE 14 14 Synchronous Livestream 01/01/2022 04/15/2024
    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 Livestream 01/01/2022 04/15/2024
    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 06/14/2023 04/15/2024
    DC CE 14 14 Synchronous Livestream 01/01/2022 02/28/2024 4055
    DC CE 15 14 1 Synchronous Synchronous 01/01/2022 02/28/2024 4055
    DC QE 15 14 1 Synchronous Livestream 01/01/2022 02/28/2024 4055
    DC QE 15 14 1 Synchronous Synchronous 01/01/2022 02/28/2024 4055
    DE CE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    DE CE 14 14 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    DE QE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 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 06/14/2024 73569
    GA QE 15 14 1 Synchronous Synchronous 06/14/2022 06/14/2024 73569
    HI CE 14 14 Synchronous Synchronous 11/07/2023 04/15/2024 23-483
    HI CE 15 14 1 Synchronous Synchronous 11/07/2023 04/15/2024 23-483
    HI QE 15 14 1 Synchronous Synchronous 11/07/2023 04/15/2024 23-483
    IA CE 15 14 1 Synchronous Synchronous 04/15/2021 04/15/2024 A518-437
    IA QE 15 14 1 Synchronous Synchronous 04/15/2021 04/15/2024 A518-404
    ID CE 15 14 1 Synchronous Synchronous 03/24/2023 04/15/2024
    ID QE 15 14 1 Synchronous Synchronous 03/24/2023 04/15/2024
    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 01/01/2022 04/15/2024 77113
    IN CE 14 14 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    IN QE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    KS CE 14 14 Synchronous Synchronous 06/12/2023 12/31/2023 460.C23.N
    KS QE 15 14 1 Synchronous Synchronous 06/12/2023 12/31/2023 459.P23.N
    KY CE 15 14 1 Synchronous Synchronous 07/01/2023 06/30/2024
    KY QE 15 14 1 Synchronous Synchronous 07/01/2023 06/30/2024
    LA CE 15 14 1 Synchronous Synchronous 06/14/2021 12/31/2023 A0085
    LA CE 15 14 1 Synchronous Synchronous 01/01/2024 09/30/2025 4006000473
    LA QE 15 14 1 Synchronous Synchronous 06/14/2021 12/31/2023 A0085
    LA QE 15 14 1 Synchronous Synchronous 01/01/2024 09/30/2025 4006000473
    MA CE 15 14 1 Synchronous Synchronous 04/16/2023 04/15/2024 10051076
    MA QE 15 14 1 Synchronous Synchronous 04/16/2023 04/15/2024 120152
    MD CE 14 14 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    MD CE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    MD QE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    ME CE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    ME CE 14 14 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    ME QE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    MN CE 15 14 1 Synchronous Synchronous 05/01/2022 04/30/2024 58775
    MN QE 15 14 1 Synchronous Synchronous 05/01/2022 04/30/2024 509
    MO CE 14 14 Synchronous Synchronous 05/08/2023 04/15/2024
    MO QE 15 14 1 Synchronous Synchronous 05/08/2023 04/15/2024
    MS CE 14 14 Synchronous Synchronous 03/24/2023 04/15/2024 MAB#50345
    MS QE 15 14 1 Synchronous Synchronous 03/24/2023 04/15/2024 MAB#50345
    MT CE 15 14 1 Synchronous Synchronous 11/24/2023 04/15/2024 REA-CEC-REC-16937
    MT QE 15 14 1 Synchronous Livestream 01/01/2022 04/15/2024 REA-CEC-REC-14305
    MT QE 15 14 1 Synchronous Synchronous 03/24/2023 04/15/2024 REA-CEC-REC-14305
    NC QE 15 14 1 Synchronous Synchronous 01/01/2023 12/31/2023
    ND CE 14 14 Synchronous Synchronous 03/24/2023 04/15/2024
    ND QE 15 14 1 Synchronous Livestream 01/01/2022 QE2503
    ND QE 15 14 1 Synchronous Synchronous 03/24/2023 04/15/2024 QE-223011
    NE QE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    NH CE 15 14 1 Synchronous Synchronous 09/06/2023 04/15/2024
    NH QE 15 14 1 Synchronous Synchronous 09/06/2023 04/15/2024
    NJ CE 14 14 Synchronous Livestream 01/01/2022 04/15/2024 2021-3431
    NJ CE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    NJ QE 15 14 1 Synchronous Livestream 01/01/2022 04/15/2024 2021-3431
    NJ QE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    NM CE 15 14 1 Synchronous Synchronous 03/24/2023 04/15/2024 4240
    NM QE 15 14 1 Synchronous Synchronous 03/24/2023 04/15/2024 4240
    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 14 14 Synchronous Livestream 10/27/2022 12/31/2023 A5480-14
    NY CE 15 14 1 Synchronous Synchronous 10/27/2022 12/31/2023 A5480-14
    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 01/01/2023 12/31/2023 084303004A 22
    OH QE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    OK CE 14 14 Synchronous Synchronous 03/24/2023 04/15/2024 703v
    OK QE 15 14 1 Synchronous Synchronous 03/23/2023 04/15/2024 612
    OR CE 15 14 1 Synchronous Synchronous 07/13/2023 04/15/2024 APIN-Q-0421-8882
    OR QE 15 14 1 Synchronous Livestream 01/01/2022 04/15/2024 APIN-Q-0421-8882
    OR QE 15 14 1 Synchronous Synchronous 04/16/2021 APIN-Q-0421-8882
    PA CE 14 14 Synchronous Livestream 04/07/2022 04/15/2024
    PA CE 14 14 Synchronous Synchronous 06/14/2022 06/14/2024
    PA QE 15 14 1 Synchronous Livestream 04/07/2022 04/15/2024
    PA QE 15 14 1 Synchronous Synchronous 06/14/2022 06/14/2024
    PR CE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    PR CE 14 14 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    PR QE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    RI CE 14 14 Synchronous Livestream 01/01/2022 04/15/2024 REA.0001663-CE
    RI CE 15 14 1 Synchronous Synchronous 06/01/2021 04/15/2024
    RI QE 15 14 1 Synchronous Livestream 01/01/2022 04/15/2024 REA.0001663-CE
    RI QE 15 14 1 Synchronous Synchronous 06/01/2021 04/15/2024
    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 QE 15 14 1 Synchronous Synchronous 11/02/2021 11/02/2024 SD 676
    TN CE 15 14 1 Synchronous Synchronous 10/01/2023 10/31/2025 951
    TN QE 15 14 1 Synchronous Synchronous 09/28/2021 951
    TX CE 14 14 Synchronous Livestream 02/03/2022 02/28/2024 TX Provider #:10 Course #:37507
    TX CE 14 14 Synchronous Synchronous 02/28/2023 02/28/2024 TX Provider #:10 Course #:37507
    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 14 14 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    VA CE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    VA QE 15 14 1 Synchronous Synchronous 10/01/2023 09/30/2025 4006000473
    VT CE 14 14 Synchronous Livestream 01/01/2022 02/14/2024
    VT CE 15 14 1 Synchronous Synchronous 03/14/2018 02/14/2024
    VT CE 14 14 Synchronous Synchronous 02/15/2024 08/31/2025
    VT QE 15 14 1 Synchronous Livestream 01/01/2022 02/14/2024
    VT QE 15 14 1 Synchronous Synchronous 03/12/2018 02/14/2024
    VT QE 15 14 1 Synchronous Synchronous 02/15/2024 08/31/2025
    WA CE 15 14 1 Synchronous Synchronous 02/15/2023 03/24/2026 A3280
    WA QE 15 14 1 Synchronous Synchronous 02/15/2023 03/24/2026 A3280
    WI CE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    WI CE 14 14 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    WI QE 15 14 1 Synchronous Synchronous 01/01/2022 04/15/2024 77113
    WV CE 15 14 1 Synchronous Livestream 01/01/2022 04/15/2024
    WV CE 14 14 Synchronous Synchronous 02/17/2023 03/24/2026
    WV QE 15 14 1 Synchronous Livestream 01/01/2022 04/15/2024
    WV QE 15 14 1 Synchronous Synchronous 02/17/2023 03/24/2026
    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
    Classroom & Synchronous

    Table of Contents and Overview
    Course Schedule
    Online & Synchronous


    Online Syllabus
    Prerequisites
    Course Materials & Recommended Books
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