This course meets the criteria for a 15 hour course as part of the required course curriculum under the Appraiser Qualification Board requirements for residential certification. It provides an in depth look at developing a Cost Approach for residential appraisals. The six methods of site valuation are illustrated and explained. This course is approved to meet the 2008 Appraiser Qualification Criteria.
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Illustrations and examples are offered of the three methods of cost estimation; Comparative Unit, Unit-in-Place, and Quantity Survey Methods. Detailed cost workups will be studied using Illustrations from the Marshall & Swift Residential Cost Handbook.
Then, the three methods of estimating depreciation (Age-Life, Market Extraction, and Breakdown Methods) will be examined in detail. All of these topics will be expanded through the use of helpful case studies and case problems. There is a required one hour exam at the end that must be taken in a monitored classroom setting.
This course is offered in association with McKissock Appraisal School, but you MUST click the link below to be eligible for all of the additional bonus materials included exclusively from Real Estate School Online.
When you click the orange button, you will need to check the boxes for the courses you would like, and click the "Enroll" button. On the next page, you will need to click the "Register" link from the right side as a new user to create an account and begin your course.