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:
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.
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.
Calculator Information and Resources
Examination Information and Resources