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Case Studies in Appraising Green Commercial Buildings 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)

As government mandates filter down to local communities and buyers, sellers, developers, and financiers of real estate assess the importance of energy efficiency and sustainability, appraisers need to become familiar with the concepts surrounding green building (which will affect such factors as the cost to build, income and expenses, and ultimately/potentially the bottom line). The appraisal of a green commercial project offers a challenge to appraisers because this type of construction and development is new to many markets. Green projects additionally draw a new investor and tenant type with knowledge about the benefits of sustainability. Current valuation methods have the capacity to address the issues associated with green buildings. Appraisers simply need to understand more about what makes these properties different to effectively apply, incorporate, and evolve appraisal methodology in the development of an effective, rational, and well-supported appraisal report and value opinion.

This course is one of a series of courses that are part of the Appraisal Institute’s Valuation of Sustainable Buildings Professional Development Program.

This course is largely targeted to the appraisal community with additional emphasis geared toward underwriters, appraisal reviewers, real estate agents/brokers, and quality control personnel. The course begins with a review of the main points covered in Introduction to Green Buildings: Principles & Concepts. It then progresses into case studies to encourage practical application of the techniques available to appraise a high-performing commercial project.

Real-world examples provide excellent brainstorming, scope setting, and problem solving. Each of the approaches to value are visited, along with a narrative outline for describing the typical commercial green property. This course will help participants increase their knowledge of green buildings and facilitate the development of credible valuation techniques for use in this emerging property type. Additionally, resources that aid in documenting the appraisal process are provided.

Upon completion of the course, participants will be able to:

  • Be familiar with green building and related concepts to include sustainability.
  • Identify the most widely recognized rating systems for green buildings.
  • Recognize the six components of a green building.
  • Identify and link green components to potential value influencers.
  • Acquire practical (case study) application practice by identifying, applying, and linking green features throughout the valuation process.
  • Identify the manner in which the valuation of green buildings could potentially impact the valuation process to include appraisal analysis, development, and appraisal reporting processes.
  • Recognize special considerations of green buildings as applied to the valuation process.
  • Acquire practical (case study) application practice in the development of a life cycle cost analysis; use of cost manual for green features; and development of and support for quantifiable impact of green retrofit upon value.
  • Recognize the importance of energy efficiency, as well as the potential means through which energy efficiency may be improved to include, but not limited to: benchmarking, energy assessments, onsite renewables, lighting and electrical upgrades, and HVAC changes.
  • Understand the basics of solar PV energy systems, including fundamental methodologies through which one may develop a credible opinion of value.
  • Identify and discuss less tangible aspects of green building, including triple bottom lines and externalities, as well as environmental and social components of value.

Please note that participants must complete 3 mandatory assignments in the program. CREDIT WILL NOT BE GIVEN until the assignments are satisfactorily completed. The instructor may ask for a re-submission of an incomplete assignment. Please allow up to 5 days for the instructor to review an assignment. You may request expedited review by contacting the instructor.

Exam: This 14-hour course contains an optional offline exam for 1 additional hour of credit. Participants taking the class for the Professional Development Program (see below) are required to complete the exam. You will have 90 days from the time that you complete the course to take the proctored exam. Testing center locations in your area can be found by clicking on this link: www.pearsonvue.com/ai.

AI CE Credit for Designated members and Practicing Affiliates:
  • Attend Only = 150 points
  • Attend and Pass Exam = 200 points

Appraisal Institute Professional Development Program:
This course is in the Valuation of Sustainable Buildings Professional Development Program. For a list of FAQs, which includes information regarding the other courses you'll need to successfully complete the program, click here.

Note: Appraisal Institute professionals may not repeat this course in any subsequent continuing education cycle unless it has been substantially revised, as determined by the Admissions and Designation Qualifications Committee. For further information, please visit our Continuing Education Page.

Category
Other [Oth]

Prerequisites
Appraiser Participants

Nonappraiser Participants

Audience
Commercial appraisers, underwriters, appraisal reviewers, real estate agents/brokers, and quality control personnel

Required Technology

Calculator Information and Resources

Examination Information and Resources

  • Candidates taking most AI exams may bring their own calculator to use during the exam. IMPORTANT! You will be asked to clear the calculator's memory before and after the examination. Only one calculator is permitted in the testing room.
  • Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.
  • Additional Examination Information: Examination Frequently Asked Questions and Support

Recommended Text
None Specified.

Tuition
AI Price: $ 350.00
Full Price: $ 450.00

Click Here for State Approvals

Instructor
Tracy L. Reiss, MAI


Disclaimer
I agree to the terms and policies set forth under the Appraisal Institute Online Education Policy. I also certify that I am the person identified above under Personal Data and that I will personally complete each assigned module of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a member of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, that I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Appraisal Institute's Code of Professional Ethics and Standard of Professional Appraisal Practice, and that such peer review proceeding may result in termination of my Appraisal Institute membership.

Additional Information
Please allow 1 hour after registration to start an online session in progress (on or after the session start date). Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. You will automatically be taken to the "My Appraisal Institute" page. Near the middle of that page your course will be listed with a link next to it that says "Go To Class".

  
Online Class Schedule

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