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    Residential Site Valuation and Cost Approach

    More Info Register
    September 12-13, 2024 Nashville, TN
    Date
    September 12-13, 2024
    Sponsor
    Tennessee Chapter
    Location
    Sheraton Music City Hotel
    777 McGavock Pk
    Nashville, TN 37214
    Instructor
    James B. Atwood, SRA
    Class Time
    14 hours
    Exam Time
    1 Hour
    Full Price
    $425.00
    AI Price
    $360.00
    Enroll by September 13!
    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 Classroom Classroom 10/01/2022 09/30/2024 C02687
    AL QE 15 14 1 Classroom Classroom 10/01/2022 09/30/2024 C02687
    AR CE 14 14 Classroom Classroom 05/06/2022 09/10/2025
    AR QE 15 14 1 Classroom Classroom 05/06/2022 09/10/2025
    AZ CE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 77113
    AZ QE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 77113
    CA CE 14 14 Classroom Classroom 09/20/2021 07/27/2025 05754102
    CA QE 15 14 1 Classroom Classroom 09/20/2021 07/27/2025 05754102
    CO CE 15 14 1 Classroom Classroom 04/16/2024 04/16/2027 2619
    CO QE 15 14 1 Classroom Classroom 04/16/2024 04/16/2027 2619
    DC CE 15 14 1 Classroom Classroom 02/29/2024 02/28/2026 4055
    DC QE 15 14 1 Classroom Classroom 02/29/2024 02/28/2026 4055
    DE CE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 77113
    DE QE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 77113
    FL CE 14 14 Classroom Classroom 10/27/2023 10/26/2025 0007610
    FL QE 15 14 1 Classroom Classroom 10/06/2022 10/05/2024 0007815
    GA CE 15 14 1 Classroom Classroom 10/07/2005 43954
    GA CE 14 14 Classroom Classroom 10/01/2005 43955
    GA QE 15 14 1 Classroom Classroom 10/01/2005 43954
    HI CE 14 14 Classroom Classroom 04/16/2024 12/31/2024 23-367
    HI QE 15 14 1 Classroom Classroom 04/16/2024 12/31/2024 23-367
    IA CE 14 14 Classroom Classroom 04/16/2024 04/15/2027 A518-437
    IA CE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 A518-1194
    IA QE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 A518-404
    ID CE 15 14 1 Classroom Classroom 04/16/2024 02/28/2026
    ID QE 15 14 1 Classroom Classroom 04/16/2024 02/28/2026
    IL CE 14 14 Classroom Classroom 01/01/2023 12/31/2024 575.001131
    IL QE 15 14 1 Classroom Classroom 01/01/2023 12/31/2024 573.000401
    IL QE 15 14 1 Classroom Classroom 09/23/2005 12/31/2024 573.000401
    IN CE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 77113
    IN QE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 77113
    KS CE 14 14 Classroom Classroom 01/01/2024 12/31/2024 232.C24.R
    KS QE 15 14 1 Classroom Classroom 01/01/2024 12/31/2024 333.P24.R
    KY CE 15 14 1 Classroom Classroom 07/01/2023 06/30/2024
    KY QE 15 14 1 Classroom Classroom 07/01/2023 06/30/2024
    LA CE 14 14 Classroom Classroom 04/16/2021 06/14/2024 A0085
    LA QE 15 14 1 Classroom Classroom 04/16/2021 06/14/2024 A0085
    MA CE 14 14 Classroom Classroom 04/25/2024 04/15/2027 00120151
    MA QE 15 14 1 Classroom Classroom 04/25/2024 04/15/2027 00120128
    MD CE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 77113
    MD QE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 77113
    ME CE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 77113
    ME QE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 77113
    MI CE 14 14 Classroom Classroom 09/05/2023 09/05/2026 20 - 864099
    MI QE 15 14 1 Classroom Classroom 04/16/2024 04/16/2027 20-1197146
    MN CE 15 14 1 Classroom Classroom 05/01/2024 04/30/2026 58775
    MN CE 14 14 Classroom Classroom 05/01/2024 04/30/2026 996064
    MN QE 15 14 1 Classroom Classroom 05/01/2024 04/30/2026 509
    MO CE 14 14 Classroom Classroom 04/16/2024 04/15/2027
    MO QE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027
    MT CE 14 14 Classroom Classroom 04/16/2024 04/15/2027 REA-CEC-REC-17970
    MT QE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 REA-CEC-REC-17970
    NC QE 15 14 1 Classroom Classroom 01/01/2024 12/31/2024
    ND QE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 QE-223011
    NE QE 15 14 1 Classroom Classroom 05/21/2008 04/15/2027 1151405.02
    NJ CE 14 14 Classroom Classroom 04/16/2024 04/15/2027 2024-3015
    NJ QE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 2024-3015
    NV CE 14 14 Classroom Classroom 11/01/2022 05/23/2024 CE.0009707-A
    NV QE 15 14 1 Classroom Classroom 11/01/2023 08/31/2024 PL.0009586-A
    NY CE 14 14 Classroom Classroom 01/01/2024 12/31/2024 A5480-14
    NY QE 15 14 1 Classroom Classroom 10/01/2023 09/30/2024 Q0206 R8
    OH CE 14 14 Classroom Classroom 01/01/2024 12/31/2024 084402604A 22
    OH QE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 77113
    OK CE 14 14 Classroom Classroom 04/16/2024 04/15/2027 703v
    OK QE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 612
    OR CE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 APIN-Q-0424-9030
    OR QE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 APIN-Q-0424-9030
    PR CE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 77113
    PR QE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 77113
    RI CE 15 14 1 Classroom Classroom 04/17/2027 04/15/2027 REA.0002187-CE
    RI QE 15 14 1 Classroom Classroom 04/17/2027 04/15/2027 REA.0002187-CE
    SC CE 15 14 1 Classroom Classroom 09/01/2022 08/31/2024 CE1982
    SC QE 15 14 1 Classroom Classroom 09/01/2022 08/31/2024 AS.1QE5
    SC QE 15 14 1 Classroom Classroom 08/31/2014 08/31/2024 AS.1QE-5
    SD CE 15 14 1 Classroom Classroom 11/26/2023 04/15/2027 SD 381
    SD QE 15 14 1 Classroom Classroom 04/27/2024 04/15/2027 SD 381
    TN CE 15 14 1 Classroom Classroom 10/01/2023 10/31/2025 951
    TN QE 15 14 1 Classroom Classroom 10/01/2023 10/31/2025 951
    TX CE 15 14 1 Classroom Classroom 05/03/2024 04/30/2026 TX Provider #:10 Course #:48077
    TX QE 15 14 1 Classroom Classroom 03/25/2023 03/24/2026 TX Provider #: 8038 Course #: 27852
    UT CE 14 14 Classroom Classroom 04/01/2023 03/31/2025 AC230315
    UT QE 15 14 1 Classroom Classroom 01/01/2018 05/31/2025 AQ230526
    VA CE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 77113
    VA QE 15 14 1 Classroom Classroom 10/01/2023 09/30/2025 4006000473
    VT CE 14 14 Classroom Classroom 02/15/2024 08/31/2025
    VT QE 15 14 1 Classroom Classroom 02/15/2024 08/31/2025
    WA CE 15 14 1 Classroom Classroom 04/18/2024 04/15/2027 A23015549
    WA QE 15 14 1 Classroom Classroom 04/18/2024 04/15/2027 A23015549
    WI CE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 77113
    WI QE 15 14 1 Classroom Classroom 04/16/2024 04/15/2027 77113
    WV CE 15 14 1 Classroom Classroom 04/23/2024 04/15/2027
    WV QE 15 14 1 Classroom Classroom 04/23/2024 04/15/2027
    WY CE 14 14 Classroom Classroom 08/31/2021 08/31/2024 1701
    WY QE 15 14 1 Classroom Classroom 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:
    Table of Contents and Overview
    Course Schedule

    Assignments:
    No

    Equipment:

    Additional Information:

    Course Materials Include:

    • Course Handbook (413 pp.)
    • Case Study Booklet (26 pp.)

    You will be asked to clear the calculator’s memory before and after the examination. Only one calculator is permitted in the testing room. Examinees taking most AI exams may bring their own calculator to use during the exam. Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.

    Prerequisites
    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 09/13/2024
    $425.00 $360.00
    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
    Northern California Chapter June 17-18, 2024 Walnut Creek, CA Classroom View Details Register
    Appraisal Institute November 5-8, 2024 Synchronous View Details Register
    Event Information

    Location:

    Sheraton Music City Hotel

    777 McGavock Pike 

    Nashville, TN 37214


    Registration: 7:30 a.m. central time

    Class Begins: 8:00 a.m. central time


    HOTEL RESERVATIONS: A special discounted nightly rate of $179.00 has been arranged for your stay at the Sheraton Music City Hotel.  Please click HERE to book your room reservation. 


    Please Note: Room reservations must be made by the cut-off date of August 12, 2024 in order to guarantee this rate.  Please contact the hotel (not the chapter!) directly at 615-885-2200 if you are trying to make a reservation after the cut-off date.  The hotel may be able to extend the group rate to you if their occupancy allows, but again, the discounted rate is only guaranteed until the date of August 12, 2024


    Parking: Parking at this hotel is available to students at a discounted rate of $5 per day.  If you have a vehicle and are staying at the hotel for this course, you will need to stop by the bell desk/valet to pre-pay for parking when you check in.  The hotel will give you a parking pass for the duration of your stay.  If you are attending this course as a day student, you will need to have your ticket validated each day. 


    Airport Shuttle: Complimentary round-trip airport transportation to and from the hotel is provided daily between 4 a.m. - 11 p.m.  Please contact the hotel at 615-885-2200 to request shuttle service during these hours.


    Tuition:

    Tuition includes a downloadable PDF of the class material.  It does not include a hard copy of the material.  If you want a hard copy of the material for this course mailed to you, you must pay an additional fee + the cost of shipping. 


    Course Material:

    Course material is automatically provided to ALL Students via the download option.  Please bring your computer or other device to class and have the downloaded material or printed copy of the material with you when you get to class.  If you would like to receive a printed copy of the course material, you will have an option during the registration processs to order it.

      **Students requesting printed material will be charged a material fee + Shipping in addition to the cost of tuition.  (Note: If you do not receive your material shipment in time for the course, please download or print a copy of the material from the "Education and Events" section of your AI Account). 


    There will be a charging station in the classroom for your device(s).  If you did not pay an additional fee to have the class materials shipped to you, you must DOWNLOAD the material for this class.


    Here is how to download our material for this class:

    Login to your Appraisal Institute Account at www.appraisalinstitute.org

    Once logged in, make sure to click the "My Account" button on the top right of the page.  It is a green button.

    Click "Education & Events" and then find the title of this class.

    You will be taken to a list of all the AI Classes you have attended.

    Find this class title...

    Click "View".

    You can download your material there. 


    There will not be hard copies of the material available for purchase or pickup on site.  You must come to class prepard with your material.



    HOTEL RESERVATIONS: A special discounted nightly rate of $179.00 has been arranged for your stay at the Sheraton Music City Hotel.  Please click HERE to book your room reservation. 


    Please Note: Room reservations must be made by the cut-off date of August 12, 2024 in order to guarantee this rate.  Please contact the hotel (not the chapter!) directly at 615-885-2200 if you are trying to make a reservation after the cut-off date.  The hotel may be able to extend the group rate to you if their occupancy allows, but again, the discounted rate is only guaranteed until the date of August 12, 2024


    Parking: Parking at this hotel is available to students at a discounted rate of $5 per day.  If you have a vehicle and are staying at the hotel for this course, you will need to stop by the bell desk/valet to pre-pay for parking when you check in.  The hotel will give you a parking pass for the duration of your stay.  If you are attending this course as a day student, you will need to have your ticket validated each day. 


    Airport Shuttle: Complimentary round-trip airport transportation to and from the hotel is provided daily between 4 a.m. - 11 p.m.  Please contact the hotel at 615-885-2200 to request shuttle service during these hours.