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Appraisal Institute Education

Residential Site Valuation and Cost Approach | Program Details

Designed for participants with introductory experience and understanding of fundamental concepts of appraising, it focuses on the valuation of vacant land parcels and the development of the cost approach. Develop your skills by creating a current cost estimate using market extraction, interview techniques, and 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. By successfully completing the course and exam, you will have met most states’ education requirements in the content area identified as residential site valuation and cost approach.

Program Overview
Table of Contents and Overview [PDF]
Course Schedule [PDF]

Recommended Text
The Dictionary of Real Estate Appraisal, 4th ed.
The Appraisal of Real Estate, 13th ed.

Ordering Information
To order books and other materials go to
our store

Tuition
Please contact the sponsoring chapter for information on fees applicable to chapter programs.

Required Equipment

  • HP12C calculator
  • You must be familiar with calculator operation when the course begins. Answers to problems in course material are shown using the HP12C. Do not come to class expecting to be taught how to use a financial calculator.
  • Free Review—Using a Financial Calculator; Symbols and Formulas, Capitalization Selection Tree, and Sample Problems; and Financial Calculator Practice Exercises
  • For additional help with the HP12C calculator, take our online seminar, Using Your HP12C Financial Calculator.
  • Laptops NOT REQUIRED

  • Appraisal Institute Credit Hours
    15 (including 1-hour exam)

    Prerequisites
    Successful completion of Basic Appraisal Principles, Basic Appraisal Procedures, National Uniform Standards of Professional Appraisal Practice (USPAP) Course, 15-Hour, and Residential Market Analysis and Highest & Best Use, or equivalent courses is required.

    Students must sign a waiver at the beginning of the course stating that they have the prerequisites. If they do not, they will not hold the Appraisal Institute responsible and will not expect to receive special attention during the course.

    Who Should Enroll
    Beginning appraisers seeking residential licensure and/or certification with introductory experience and an understanding of the fundamental concepts of appraising

    Click here for state approvals


    Class Schedule & Locations

    01/27/2010 - 01/28/2010
    Location: Chicago, IL
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    Sponsor: Chicago
    Contact: Kate Fulford, (312) 616-9405
    Instructor: Slucter, Kern G., MAI, SRA
    Register


    02/18/2010 - 02/19/2010
    Location: Aurora, CO
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    Sponsor: Colorado
    Contact: Sherry Engleberg, (303) 691-0487
    Instructor: Power, Thomas J., MAI, SRA
    Register


    02/18/2010 - 02/19/2010
    Location: Las Vegas, NV
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    Sponsor: Las Vegas
    Contact: Tina Anderson, (702) 838-8489
    Instructor: Gill, Vickie L., SRA
    Register


    03/03/2010 - 03/04/2010
    Location: Indianapolis, IN
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    Sponsor: Hoosier State
    Contact: Shannon O'Keefe, (317) 815-1340
    Instructor: Rattermann, Mark R., MAI, SRA
    Register


    03/04/2010 - 03/05/2010
    Location: Independence, OH
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    Sponsor: Northern Ohio
    Contact: Amy Cramer, (216) 520-0560
    Instructor: Kendall, Robert E., MAI, SRA & Cather, Charles L., SRA


    05/06/2010 - 05/07/2010
    Location: Fairfield, CA
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    Sponsor: Northern California
    Contact: Lisa Estes / Pat Moore, (925) 932-7753
    Instructor: Mills, Arlen C., MAI, SRA


    07/09/2010 - 07/10/2010
    Location: San Diego, CA
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    Sponsor: San Diego
    Contact: Patti Kreutzer, (858) 292-7324
    Instructor: Schwarzentraub, Sara F., SRA
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    09/22/2010 - 09/23/2010
    Location: Chicago, IL
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    Sponsor: Chicago
    Contact: Kate Pahl, (312) 616-9405
    Instructor: Spence, William D. Otto, MAI
    Register


    10/07/2010 - 10/08/2010
    Location: Indianapolis, IN
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    Sponsor: Hoosier State
    Contact: Shannon O'Keefe, (317) 815-1340
    Instructor: Rattermann, Mark R., MAI, SRA
    Register


    10/18/2010 - 10/19/2010
    Location: Plano, TX
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    Sponsor: North Texas
    Contact: Ruth Kelton, (972) 233-2244
    Instructor: Atwood, M. E., MAI, SRA