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    Residential Site Valuation and Cost Approach

    More Info Register
    July 27-30, 2026
    Date
    July 27-30, 2026
    Time
    10:30am - 2:00pm (CST)
    Sponsor
    Appraisal Institute
    Location
    Appraisal Institute - Synchronous (Live Online)
    Instructor
    Cheryl A. Kunzler, SRA, AI-RRS
    Class Time
    14 hours
    Exam Time
    1 Hour
    Full Price
    $345.00
    AI Price
    $290.00
    Enroll by July 26!
    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.

    discounted online packages
    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 Start Date Expire Date State Code
    AK CE 15 14 1 Synchronous 11/24/2025 04/15/2027 19927
    AK QE 15 14 1 Synchronous 11/24/2025 04/15/2027 19927
    AL CE 15 14 1 Synchronous 11/24/2025 09/30/2026 C02687
    AL QE 15 14 1 Synchronous 11/24/2025 09/30/2026 C02687
    AR CE 14 14 Synchronous 11/24/2025 09/10/2027 AI049
    AR QE 15 14 1 Synchronous 11/24/2025 09/10/2027 AI049
    AZ CE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    AZ QE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    CA CE 14 14 Synchronous 11/24/2025 09/26/2029 21CP754601497
    CA QE 15 14 1 Synchronous 11/24/2025 09/26/2029 21CP754601497
    CO CE 15 14 1 Synchronous 11/24/2025 04/15/2027 2881
    CO QE 15 14 1 Synchronous 11/24/2025 04/15/2027 2881
    CT CE 14 14 Synchronous 11/24/2025 04/15/2027 AAL.001429
    CT QE 15 14 1 Synchronous 11/24/2025 04/15/2027 APR.000341
    DC CE 15 14 1 Synchronous 11/24/2025 02/28/2026 4055
    DC QE 15 14 1 Synchronous 11/24/2025 02/28/2026 4055
    DE CE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    DE QE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    FL QE 15 14 1 Synchronous 01/12/2026 01/11/2028 0010980
    GA CE 15 14 1 Synchronous 11/24/2025 73569
    GA QE 15 14 1 Synchronous 11/24/2025 73569
    HI CE 14 14 Synchronous 11/24/2025 04/15/2027 24-212
    HI QE 15 14 1 Synchronous 11/24/2025 04/15/2027 24-212
    IA CE 15 14 1 Synchronous 11/24/2025 04/15/2027 A518-1194
    IA CE 14 14 Synchronous 11/24/2025 04/15/2027 A518-437
    IA QE 15 14 1 Synchronous 11/24/2025 04/15/2027 A518-404
    ID CE 15 14 1 Synchronous 11/24/2025 02/28/2026
    ID QE 15 14 1 Synchronous 11/24/2025 02/28/2026
    IL CE 14 14 Synchronous 11/24/2025 12/31/2026 575.010532
    IL QE 15 14 1 Synchronous 11/24/2025 12/31/2026 573.000401
    IN CE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    IN QE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    KS CE 14 14 Synchronous 01/01/2026 12/31/2026 C119-110
    KS QE 15 14 1 Synchronous 01/01/2026 12/31/2026 Q119-54
    KY CE 14 14 Synchronous 05/31/2025 06/30/2026
    KY CE 15 14 1 Synchronous 05/31/2025 06/30/2026
    KY QE 15 14 1 Synchronous 05/31/2025 06/30/2026
    LA QE 15 14 1 Synchronous 11/24/2025 04/15/2027 A0085
    MA CE 14 14 Synchronous 11/24/2025 04/15/2027 00120151
    MA QE 15 14 1 Synchronous 11/24/2025 04/15/2027 00120128
    MD CE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    MD QE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    ME CE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    ME QE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    MI CE 14 14 Synchronous 11/24/2025 09/05/2026 20 - 864099
    MI QE 15 14 1 Synchronous 11/24/2025 04/16/2027 20-1197146
    MN CE 14 14 Synchronous 11/24/2025 04/30/2026 996064
    MN CE 15 14 1 Synchronous 11/24/2025 04/30/2026 58775
    MN QE 15 14 1 Synchronous 11/24/2025 04/30/2026 509
    MO CE 14 14 Synchronous 11/24/2025 04/15/2027
    MO QE 15 14 1 Synchronous 11/24/2025 04/15/2027
    MS CE 14 14 Synchronous 11/24/2025 04/15/2027 MAB #50345
    MS QE 15 14 1 Synchronous 11/24/2025 04/15/2027 MAB #50345
    MT CE 14 14 Synchronous 11/24/2025 04/15/2027 REA-CEC-REC-17970
    MT QE 15 14 1 Synchronous 11/24/2025 04/15/2027 REA-CEC-REC-17970
    NC QE 15 14 1 Synchronous 01/01/2026 12/31/2026
    ND CE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    ND QE 15 14 1 Synchronous 01/01/2022 04/15/2027 QE2503, 77113
    NE QE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    NH CE 14 14 Synchronous 11/24/2025 04/15/2027
    NH QE 15 14 1 Synchronous 11/24/2025 04/15/2027
    NJ CE 14 14 Synchronous 11/24/2025 04/15/2027 2024-3015
    NJ QE 15 14 1 Synchronous 11/24/2025 04/15/2027 2024-3015
    NM CE 15 14 1 Synchronous 11/24/2025 04/15/2027 4425
    NM QE 15 14 1 Synchronous 11/24/2025 04/15/2027 4425
    NV CE 14 14 Synchronous 11/24/2025 05/31/2026 CE.0009707-A
    NV QE 15 14 1 Synchronous 11/24/2025 08/31/2026 PL.0009586-A
    NY QE 15 14 1 Synchronous 11/24/2025 09/30/2026 Q0206-R8
    OH CE 14 14 Synchronous 01/01/2026 12/31/2026 084602403A 25
    OH QE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    OK CE 14 14 Synchronous 11/24/2025 04/15/2027 703v
    OK QE 15 14 1 Synchronous 11/24/2025 04/15/2027 612
    OR CE 15 14 1 Synchronous 11/24/2025 04/15/2027 APIN-Q-0424-9030
    OR QE 15 14 1 Synchronous 11/24/2025 04/15/2027 APIN-Q-0424-9030
    PA CE 14 14 Synchronous 11/24/2025 05/30/2027
    PA QE 15 14 1 Synchronous 11/24/2025 05/30/2027
    PR CE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    PR QE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    RI CE 15 14 1 Synchronous 11/24/2025 04/15/2027 REA.0002187-CE
    RI QE 15 14 1 Synchronous 11/24/2025 04/15/2027 REA.0002187-CE
    SC CE 15 14 1 Synchronous 11/24/2025 08/31/2026 AC . 1982
    SC QE 15 14 1 Synchronous 11/24/2025 08/31/2026 AC . 1982
    SD CE 15 14 1 Synchronous 11/24/2025 04/15/2027 SD 381
    SD QE 15 14 1 Synchronous 11/24/2025 04/15/2027 SD 381
    TN CE 15 14 1 Synchronous 11/24/2025 10/31/2027 951
    TN QE 15 14 1 Synchronous 11/24/2025 10/31/2027 951
    TX CE 15 14 1 Synchronous 11/24/2025 04/30/2026 03164-ACE
    TX QE 15 14 1 Synchronous 11/24/2025 04/15/2027 00675-AQC
    VA CE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    VA QE 15 14 1 Synchronous 11/24/2025 09/30/2027 4006000473
    VT CE 14 14 Synchronous 11/24/2025 03/20/2029
    VT QE 15 14 1 Synchronous 11/24/2025 03/20/2029
    WA CE 15 14 1 Synchronous 11/24/2025 04/15/2027 A23015549
    WA QE 15 14 1 Synchronous 11/24/2025 04/15/2027 A23015549
    WI CE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    WI QE 15 14 1 Synchronous 04/16/2024 04/15/2027 77113
    WV CE 15 14 1 Synchronous 11/24/2025 04/15/2027
    WV QE 15 14 1 Synchronous 11/24/2025 04/15/2027
    WY CE 14 14 Synchronous 11/24/2025 08/31/2027 1701
    WY QE 15 14 1 Synchronous 11/24/2025 08/31/2027 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 (417 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 07/26/2026
    $345.00 $290.00
    Have Exam Questions?
    Additional Course Offerings
    Sponsor Date Location Format
    Appraisal Institute On Demand Online View Details Register
    Event Information

    Class Schedule:
    Class begins each day at 10:30AM Central time (8:30AM Pacific, 9:30AM Mountain, 11:30AM Eastern). Each class runs for three and half hours (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) All students must be 100% present for the class in order to receive credit. Partial credit will not be awarded. Anyone who isn’t present 100% receives no credit and is responsible for continuing the program on their own time.

    Day 1: Monday, July 27, 10:30 am - 2:00 pm
    Day 2: Tuesday, July 28, 10:30 am - 2:00 pm
    Day 3: Wednesday, July 29, 10:30 am - 2:00 pm
    Day 4: Thursday, July 30, 10:30 am - 2:00 pm

     

    Exam:  
    You will have 90 days from the time that you complete the course to take the proctored exam, either online or at a testing center. You can schedule the exam within 48 business hours after the course has been marked for completion. Review your account for the “Schedule Your Exam” messaging. 

    • Testing center locations in your area can be found by clicking on this link: www.pearsonvue.com/ai        
    • For more information, visit our Exam FAQ page. 

    Download Course Materials:

    • Login to your AI Account at www.appraisalinstitute.org with the username and password you used when you registered.
    • Click on “Education and Events” located in the menu on the right-hand side.
    • 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.

     

    Location:
    This course will be held via live interactive classroom technology. See below 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.

    Participation Requirements: AI National Synchronous 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 always keep their webcam on with their entire face fully visible while class is in session. 
    • Attendance will be monitored throughout the day through webcams and polling. 
    • A photo ID must be uploaded to the offering page prior to the start date of the offering. Please refer to the Appraisal Institute Synchronous Resources for instructions on how to upload your ID. 
    • Any issues with the upload, please contact customerservice@appraisalinstitute.org or call (888) 756-4624.

    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 customerservice@appraisalinstitute.org or call (888) 756-4624.

    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 sent at specific intervals: 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 customerservice@appraisalinstitute.org or call (888) 756-4624

    Note: Work devices with strong VPNs or firewalls have trouble connecting to GTT systems. It is recommended to use your personal device or to reach out to your organization’s IT department for assistance prior to the first session.