Descrip:
This course is an in-depth review of the two basic aspects of real estate appraisal: land/site valuation and the cost approach. Students will address the actual employment and application of appraisal techniques learned in previous courses; the emphasis is on valuing sites and the various means of measuring accrued depreciation. Furthermore, students will develop skills in deriving a current cost estimate using market extraction, interview techniques, and information from professional cost data sources.
This is an Appraisal Institute class. A financial calculator is required for this course; the HP-12C is recommended. Note: Cellular phones, tablets, iPads, and other devices that connect to the Internet are NOT permitted during the exam.
Pre-requisites:
101, 102, 103, Appr License; Suggested Course 407
Special Instructions:
You must be registered for this class AT LEAST 2 WEEKS IN ADVANCE--NO EXCEPTIONS. Because of the Tax Commission's contract with AI, all students will be charged the class fee regardless of licensing status.