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Residential Site Valuation and Cost Approach Education Schedule (PDF)
Education Catalog (PDF)
Some AI educational programs may not be approved in every state.
Students should check state approvals prior to registering for any Appraisal Institute program.

ClassroomOn-Demand Online EducationLive Online (Synchronous)

Designed for participants with introductory experience and understanding of fundamental concepts of appraising, this course 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)
• Schedule (PDF)

Recommended Text
• The Dictionary of Real Estate Appraisal, 5th ed.
• The Appraisal of Real Estate, 14th ed.

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

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

• HP-12C calculator. Note: Cellular phones, tablets, iPads, and other devices that connect to the Internet are NOT permitted during the exam. You must be familiar with calculator operation when the course begins. Answers to problems in course material are shown using the HP-12C. Do not come to class 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

AI CE Credit for Designated Members, Candidates for Designation, and Practicing Affiliates
• Attend Only = 70 points
• Attend and Pass = 140 points
• Pass Exam Only = 125 points

Basic Appraisal Principles
Basic Appraisal Procedures
National Uniform Standards of Professional Appraisal Practice (USPAP) Course, 15-Hour
Residential Market Analysis and Highest & Best Use
• Or equivalent courses

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

04/22/2015 - 04/23/2015
Location: Tampa, FL
Click here for location details
Sponsor: Florida Gulf Coast
Contact: Nancy J. Bachor, (813) 962-4003
Instructor: Scott, Gary F., SRPA, SRA

06/01/2015 - 06/02/2015
Location: Linthicum Heights, MD
Click here for location details
Sponsor: Maryland
Contact: Tim McKenna, (410) 752-3318x208
Instructor: Smeltzer, Mark V., SRA

06/16/2015 - 06/17/2015
Location: San Diego, CA
Click here for location details
Sponsor: San Diego
Contact: Patti L. Kreutzer, (858) 292-7324
Instructor: Schwarzentraub, Sara F., SRA

07/20/2015 - 07/21/2015
Location: Pittsburgh, PA
Click here for location details
Sponsor: Pittsburgh Metropolitan
Contact: Kari Ballenger, (412) 563-1900
Instructor: Smeltzer, Mark V., SRA & Josephs, Patrick A., MAI, AI-GRS

08/03/2015 - 08/04/2015
Location: Louisville, KY
Click here for location details
Sponsor: Bluegrass
Contact: Susan Katz, (502) 727-9181
Instructor: Smeltzer, Mark V., SRA

08/20/2015 - 08/21/2015
Location: Nashville, TN
Click here for location details
Sponsor: Greater Tennessee
Contact: Myra Withers, (615) 515-9700
Instructor: Atwood, James B., SRA

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