Fundamentals of Apartment Appraising

This program is built around examples of small- to mid-range apartment buildings of between 12 and 50 units. Although the focus is on non-institutional-grade apartment projects, the issues and principles also apply to institutional-grade or investment-grade properties. A few examples of such issues are the quantity and quality of sale data available, the availability of standardized income and expense data, identification of the type of typical buyer, and associated purchase motivations. Numerous examples of basic techniques, and a comprehensive case study are used as learning tools. The case study allows you to measure the adequacy of the valuation of a relatively simple property based on formats and techniques reviewed in the seminar. Your discussion posts and those of your peers in the program will provide various perspectives.

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• Residential appraisers 
• General appraisers 
• Brokers 
• Lenders, etc.

• Apply many of the appraisal tools you’re familiar with from other courses or experience to a specific property type.
• Understand basic inferred market analysis techniques used to analyze apartment markets and marketability, property characteristics, and highest and best use.
• Analyze and apply all appropriate approaches to value for a small apartment property after identifying applicable special considerations.
• Be aware of the unique areas of apartment appraisal.
• Analyze a small apartment property in a case study format.
• Examine market issues relating to apartment appraisal.
• Examine and distinguish among reporting options.

Successful completion of Basic Appraisal Principles and Basic Appraisal Procedures is required.

No Exam

Intermediate

Attend: 35 AI Points

7 hours

Yes. Participants must complete mandatory assignments in this program. Please plan your time accordingly and allow up to 5 days for the instructor to review your assignments. The instructor may ask for a re-submission of incomplete assignments. You may advance through the program while you are waiting for your instructor to review your work. You may also contact the instructor to request expedited review.

• A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
• You must be familiar with calculator operation when the program begins. Do not enroll 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.
• HP-12C calculator User’s Manual.

Online Education FAQ

Online Course Access
Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.
1. Click "Education and Events" on the right navigation menu.
2. Find the course under the “Online Courses” heading and click the “Begin” button.
IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue.

Other Details
For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions.

None Specified.