- Date
- March 4-12, 2025
- Time
- 6:00 pm - 9:00 pm (CST)
- Sponsor
- Appraisal Institute
- Location
- Class Time
- 14 hours
- Exam Time
- 1 Hour
- Full Price
- $345.00
- AI Price
- $290.00
Enroll by March 3!
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.
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Who Should Enroll
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 |
|---|---|---|---|---|---|---|---|---|---|
| AK | CE | 15 | 14 | 1 | Synchronous | Synchronous | 04/17/2024 | 04/15/2027 | 19927 |
| AK | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/17/2024 | 04/15/2027 | 19927 |
| AL | QE | 15 | 14 | 1 | Synchronous | Synchronous | 11/14/2024 | 09/30/2026 | C02687 |
| AR | CE | 15 | 14 | 1 | Synchronous | Synchronous | 09/11/2023 | 09/10/2025 | |
| AR | CE | 14 | 14 | Synchronous | Livestream | 05/06/2022 | 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 | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 77113 |
| AZ | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 77113 |
| CA | CE | 14 | 14 | Synchronous | Synchronous | 09/27/2021 | 09/26/2025 | 21CP754601479 | |
| CA | CE | 14 | 14 | Synchronous | Livestream | 01/01/2022 | 07/27/2025 | 05754102 | |
| CA | QE | 15 | 14 | 1 | Synchronous | Synchronous | 09/27/2021 | 09/26/2025 | 21CP754601479 |
| CA | QE | 15 | 14 | 1 | Synchronous | Livestream | 01/01/2022 | 07/27/2025 | 05754102 |
| CO | CE | 14 | 14 | Synchronous | Synchronous | 03/24/2023 | 03/24/2026 | 2355 | |
| CO | CE | 15 | 14 | 1 | Synchronous | Synchronous | 03/24/2023 | 03/24/2026 | 2355 |
| 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 | 05/08/2024 | 04/15/2027 | APR.000341 |
| DC | CE | 15 | 14 | 1 | Synchronous | Synchronous | 02/29/2024 | 02/28/2026 | 4055 |
| DC | QE | 15 | 14 | 1 | Synchronous | Synchronous | 02/29/2024 | 02/28/2026 | 4055 |
| DE | CE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 77113 |
| DE | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 77113 |
| GA | CE | 15 | 14 | 1 | Synchronous | Synchronous | 06/14/2022 | 73569 | |
| GA | QE | 15 | 14 | 1 | Synchronous | Synchronous | 06/14/2022 | 73569 | |
| IA | CE | 14 | 14 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | A518-437 | |
| IA | CE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | A518-1194 |
| IA | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | A518-404 |
| ID | CE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 02/28/2026 | |
| ID | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 02/28/2026 | |
| IL | CE | 14 | 14 | Synchronous | Synchronous | 12/18/2024 | 12/31/2026 | 575.010532 | |
| IN | CE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 77113 |
| IN | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 77113 |
| KS | CE | 14 | 14 | Synchronous | Synchronous | 01/01/2025 | 12/31/2025 | 460.C25.R | |
| KS | QE | 15 | 14 | 1 | Synchronous | Synchronous | 01/01/2025 | 12/31/2025 | 459.P25.R |
| KY | CE | 14 | 14 | Synchronous | Synchronous | 07/01/2024 | 05/30/2025 | ||
| KY | QE | 15 | 14 | 1 | Synchronous | Synchronous | 07/01/2024 | 05/30/2025 | |
| LA | CE | 15 | 14 | 1 | Synchronous | Synchronous | 01/01/2024 | 09/30/2025 | 4006000473 |
| LA | QE | 15 | 14 | 1 | Synchronous | Synchronous | 01/01/2024 | 09/30/2025 | 4006000473 |
| MA | CE | 14 | 14 | Synchronous | Synchronous | 04/25/2024 | 04/15/2027 | 00120151 | |
| MA | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/25/2024 | 04/15/2027 | 00120128 |
| MD | CE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 77113 |
| MD | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 77113 |
| ME | CE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 77113 |
| ME | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 77113 |
| MI | CE | 14 | 14 | Synchronous | Synchronous | 09/05/2023 | 09/05/2026 | 20 - 864099 | |
| MI | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/16/2027 | 20-1197146 |
| MO | CE | 14 | 14 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | ||
| MO | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | |
| MT | CE | 14 | 14 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | REA-CEC-REC-17970 | |
| MT | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | REA-CEC-REC-17970 |
| NC | QE | 15 | 14 | 1 | Synchronous | Synchronous | 01/01/2025 | 12/31/2025 | |
| ND | QE | 15 | 14 | 1 | Synchronous | Livestream | 01/01/2022 | QE2503 | |
| ND | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | QE-223011 |
| NH | CE | 15 | 14 | 1 | Synchronous | Synchronous | 09/06/2023 | 05/16/2026 | |
| NH | QE | 15 | 14 | 1 | Synchronous | Synchronous | 09/06/2023 | 05/16/2026 | |
| NJ | CE | 14 | 14 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 2024-3015 | |
| NJ | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 2024-3015 |
| NM | CE | 15 | 14 | 1 | Synchronous | Synchronous | 04/25/2024 | 04/15/2027 | 4425 |
| NM | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/25/2024 | 04/15/2027 | 4425 |
| NY | QE | 15 | 14 | 1 | Synchronous | Synchronous | 10/01/2024 | 09/30/2025 | Q0206-R8 |
| OH | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 77113 |
| OK | CE | 14 | 14 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 703v | |
| OK | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 612 |
| OR | CE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | APIN-Q-0424-9030 |
| OR | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | APIN-Q-0424-9030 |
| PA | CE | 14 | 14 | Synchronous | Synchronous | 05/30/2024 | 05/30/2027 | ||
| PA | QE | 15 | 14 | 1 | Synchronous | Synchronous | 05/30/2024 | 05/30/2027 | |
| PR | CE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 77113 |
| PR | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 77113 |
| RI | CE | 15 | 14 | 1 | Synchronous | Synchronous | 04/17/2027 | 04/15/2027 | REA.0002187-CE |
| RI | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/17/2027 | 04/15/2027 | REA.0002187-CE |
| SC | CE | 15 | 14 | 1 | Synchronous | Synchronous | 09/01/2024 | 08/31/2026 | AC . 1982 |
| SC | QE | 15 | 14 | 1 | Synchronous | Synchronous | 09/01/2024 | 08/31/2026 | AC . 1982 |
| SD | CE | 15 | 14 | 1 | Synchronous | Synchronous | 11/26/2023 | 04/15/2027 | SD 381 |
| SD | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/27/2024 | 04/15/2027 | SD 381 |
| TN | CE | 15 | 14 | 1 | Synchronous | Synchronous | 10/01/2023 | 01/31/2027 | 951, 2643 |
| TN | QE | 15 | 14 | 1 | Synchronous | Synchronous | 10/01/2023 | 10/31/2025 | 951 |
| TX | CE | 15 | 14 | 1 | Synchronous | Synchronous | 05/03/2024 | 04/30/2026 | TX Provider #:10 Course #:48077 |
| TX | QE | 15 | 14 | 1 | Synchronous | Synchronous | 09/17/2024 | 04/15/2027 | TX Provider #: 8038 Course #: 48183 |
| 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 | Synchronous | 04/16/2024 | 04/15/2027 | 77113 |
| VA | CE | 15 | 14 | 1 | Synchronous | Livestream | 01/01/2022 | ||
| VA | QE | 15 | 14 | 1 | Synchronous | Synchronous | 10/01/2023 | 09/30/2025 | 4006000473 |
| VT | CE | 14 | 14 | Synchronous | Synchronous | 02/15/2024 | 08/31/2025 | ||
| VT | QE | 15 | 14 | 1 | Synchronous | Synchronous | 02/15/2024 | 08/31/2025 | |
| WA | CE | 15 | 14 | 1 | Synchronous | Synchronous | 04/18/2024 | 04/15/2027 | A23015549 |
| WA | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/18/2024 | 04/15/2027 | A23015549 |
| WI | CE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 77113 |
| WI | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/16/2024 | 04/15/2027 | 77113 |
| WV | CE | 15 | 14 | 1 | Synchronous | Synchronous | 04/23/2024 | 04/15/2027 | |
| WV | QE | 15 | 14 | 1 | Synchronous | Synchronous | 04/23/2024 | 04/15/2027 | |
| WY | CE | 14 | 14 | Synchronous | Synchronous | 09/01/2024 | 08/31/2027 | 1701 | |
| WY | QE | 15 | 14 | 1 | Synchronous | Synchronous | 09/01/2024 | 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:
Online Syllabus
Assignments:
No
Equipment:
- A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
- You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.
- Free Review: Using a Financial Calculator: Formulas, Symbols, Math Review, and Sample Problems; and Financial Calculator Practice Exercises.
- For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.
- HP-12C calculator User’s Manual.
Prerequisites
Course Materials & Recommended Books
Pricing Options
| Rate | Full Price | AI Price |
|---|---|---|
| Standard
Today thru 03/03/2025 |
$345.00 | $290.00 |
Have Exam Questions?
Additional Course Offerings
| Sponsor | Date | Location | Format | ||
|---|---|---|---|---|---|
| Appraisal Institute | On Demand | Online | View Details | Register | |
| Hoosier State Chapter | February 26-27, 2025 | Indianapolis, IN | Classroom | View Details | Register |
Event Information
This synchronous course takes place from 6:00 pm to 9:00 pm Central Time.
March 4 - Tuesday
March 5 - Wednesday
March 6 - Thursday
March 11 - Tuesday
March 12 - Wednesday