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.
More on becoming a real estate appraiser.
The six methods of site valuation are illustrated and explained.
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.
Approved by the Appraiser Qualifications Board (AQB) of The Appraisal Foundation and the state of Georgia as course approval 49925.
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.
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