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Residential Site Valuation and Cost Approach

    Date: September 24 - 25, 2014   Location: Chicago, IL
Category  Residential [Res]  
Attendance Hours  14.0  
Exam Hours  1.0  
Current Price  $ 340.00 AI Price  
$ 390.00 Full Price  
Please register early  
After Sep 10, 2014
$ 50.00  
 Late Fee
Brian J. Flynn, MAI  
Name  Chicago Chapter  
Rep  LA  
Address  205 W Wacker Dr #202  
City  Chicago  
State  IL  
Zip  60606  
Phone  (312) 616-9400  
Click Here to check state approvals
  Sponsor / Contact  
Chapter  Chicago
Contact Name  L.A. Anderson  
Phone  (312) 616-9406  
Fax  (312) 616-9404  
Designed for participants with introductory experience and understanding of fundamental concepts of appraising, it 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.

  • Table of Contents and Overview [PDF]
  • Course Schedule [PDF]
    Beginning appraisers seeking residential licensure and/or certification with introductory experience and an understanding of the fundamental concepts of appraising

    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 HP12C. 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 HP12C Financial Calculator
    · Laptops NOT REQUIRED
    Successful completion of Basic Appraisal Principles, Basic Appraisal Procedures, National Uniform Standards of Professional Appraisal Practice (USPAP) Course, 15-Hour, and Residential Market Analysis and Highest & Best Use, or equivalent courses is required.

    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.
      For Further Reading  
      The Appraisal of Real Estate, 14th ed.  
      The Dictionary of Real Estate Appraisal, 5th ed.  
    Cancellation Policy
    • $50.00 cancellation fee.
    • Less than 2 days prior to program start date, forfeit of payment.
      Transfer Policy
    • $50.00 transfer fee.
    • Less than 2 days prior to program start date, no transfer allowed.
    The Chicago Chapter enforces the attendance requirements as mandated by the State of Illinois and the AQB. There is a 100% attendance policy. . If you are late the first day of the course, you may stay in class but you will not receive full credit.
    Registration begins at 8:00 am for every course. Each course begins promptly at 8:30 am each day. Program Material Policy You will be picking your materials up at the beginning of the class from the Chapter. If you would like to review the materials prior to class, you may go to the Knowledge Center (KC) at

    Cancellation & Transfer Policy: Please read carefully.
    The Chicago Chapter charges a $50 cancellation AND $50 transfer fee.
    If you cancel less than 3 BUSINESS DAYS before the start of the course or seminar you will receive NO REFUND. Most classes start on Monday so if, for example, you cancel on Wednesday of the week before the class begins you will FORFEIT YOUR TUITION.

    The Chicago Chapter reserves the right to cancel, limit or reschedule the programs and to change faculty assignments at any time. Prospective students should confirm their registrations before making any non-refundable airline reservations.

    If you cancel there is an additional $25 material charge from the national office. You do not return course materials any longer.

    HOTEL INFO: We have a corporate rate at the Holiday Inn Mart Plaza, right across the street from the chapter office.
    Call Tony at 312.529.1127 and tell him you’re a student with the Chicago Chapter and he will make your reservation for you.

    Program materials can be downloaded by the student or can be picked up at the site.
      Additional Information  
    Class Schedule:
    September 24, 2014 8:00a-8:30a
    Class: 8:30 -4:30
    Sept 24 & 25

    Please contact LA 312.616.9400
    if you have any questions or need assistance.



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