Understanding the Construction Draw Sheet

Lamar Ellis, MAI, SRA, has been appraising residential and commercial real estate for over 30 years, having begun his career as a staff appraiser and construction loan inspector for a local Atlanta Savings and Loan Bank in 1989.   In 1992, he began working as an independent fee appraiser for local Atlanta Banks.  From 1999 – 2000, Lamar led a construction lending department in Henry County, Georgia for Main Street Bank. 

Lamar Ellis is a member of Region IX’s Atlanta Chapter of the Appraisal Institute and has served as the Educational Chair, Regional Representative, and on the Board of Directors.  In 2010, Lamar earned the certification of  SRA with the Appraisal Institute, in 2011, he became an approved instructor, and in 2014, Lamar earned the MAI designation with the Appraisal Institute.  In 2014 began to develop courses focusing on Drone Technology and Its Impact on the Appraisal Profession.   He has presented in 41 States and internationally on the benefits of aerial inspections for real estate. In 2023, Lamar earned the “Outstanding Service” Award from the Appraisal Institute for introducing Drone Technology into Real Estate Valuation.

Course Roadmap

·         Builders Considerations

·         Understand the Cost Breakdown Sheet

·         Banks Considerations

·         Perform 6 On Site Construction Inspections

·         Understand the Construction Draw Sheet

·         Fill out and complete a Construction Draw Sheet

This course covers primarily residential construction and is intended for real property appraisers, real estate agents, and anyone else who wants to understand more about how houses are constructed. It covers the entire process, literally from the ground up. Covered topics include understanding how builders and lenders interact and performing an inspection of a residential home in Downtown Atlanta.  It is filled with illustrations and photographs, with an emphasis on a case study of a residential home that was under construction over an 11-month period. 

Here is a list of the general topics we will cover:

·         Choosing a Site

·         Site development

·         Construction techniques

·         Cost Breakdown Sheet

·         Construction Draw Sheet

·         Construction Inspection

SCHEDULE:

August 22, 2024 (Central Time Zone)

*ZOOM Meeting Opens: 8:00 a.m. 

Class Begins: 8:30 a.m. 

Class Ends: 12:30 p.m. 

^{*The ZOOM link will be sent one day before class and again 1 hour before class.} 

ATTENDANCE POLICY:

• To receive AI and State credit, 100% attendance is required for all Appraisal Institute education programs.

• attendance will be monitored throughout the day, via webcam

• students are required to be visible on the virtual platform during the entirety of class time

• students are required to be in front of the camera with the camera in the on position (100% of the time)

Participants must:

·        Be familiar with using ZOOM and have a computer (or tablet or smartphone) with a webcam and microphone.Cancellation

·        have internet access 

·        be able to scan a copy of a photo ID to aimschapter@gmail.com before class.