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Basic Appraisal Procedures |
| Date(s): |
10/1/2010 to 10/4/2010 |
| Times: |
08:00 am - 05:00 pm |
| Location: |
Holiday Inn Select North Dallas 2645 LBJ Freeway Dallas Texas 75234 |
| Instructor(s): |
James E. Jacobs, SRA, George N. Naeter, MAI |
| Hours: |
AI: 28 hours, 2 exam TQE: 30 hours ACE: 28 hours |
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| Tuition: |
| Members |
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| Cash/Visa/MC |
$460 |
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| Non-Members |
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| Cash/Visa/MC |
$510 |
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Registration
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Please note: Online registration and payment is handled through the national website.
It is no longer handled through the AI North Texas website. Click the 'registration' button
to submit your registration and payment for this course at appraisalinstitute.org.
To register by telephone, contact Ruth Kelton at (972)-233-2244
To register online through the AI National website, click here:
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Course Details
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In this four-day course, you will apply the principles and concepts you learned in Basic Appraisal Principles. The course will take you step-by-step through the valuation process including identification of the problem, collecting and analyzing data, reaching a final opinion of value, and communicating the appraisal. You will learn about the three approaches to reaching an opinion of value—income capitalization, cost, and sales comparison—and apply them in true-to-life case studies and problems. After examining income capitalization methods and formulas, you will learn how rates and multipliers are derived. Through case studies you will discover the steps and concepts involved in the cost approach—how appraisers estimate the cost of constructing a reproduction of or replacement for an existing structure; the three major components of depreciation and methods for estimating and allocating depreciation; and land and site valuation. The course will guide you through the sales comparison approach including researching the market, verifying information, selecting units of comparison, conducting a comparative analysis, making adjustments, and reconciliation. You also will complete key sections of an appraisal report. In addition, the course provides an introduction to property description and construction and design basics. By successfully completing the course and exam you will have met most states’ education requirements for content identified as basic appraisal procedures.
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