Appraising Condos, Co-ops, and PUDs

Description

Single-family attached homes like condominiums, cooperatives, and townhouses are the primary housing option in many urban markets. New construction detached houses are typically in subdivisions and master plan communities. Age-restricted communities are popular with retirees. Most of these developments have one thing in common: they all have associations which are governed by condominium declarations, bylaws, and/or covenants, conditions, and restrictions which affect the bundle of rights. The first part of this seminar builds the foundation for the discussion on appraising residential properties in community associations. You'll learn why it is necessary to know how to identify the property type, why it is important to have a full understanding of the governing documents, why you need to understand where it is located, and why it's critical to analyze the market. From there, you'll examine the four specific groups of community organizations: condominiums, cooperatives, planned unit developments (PUDs), and condominium hotels.
 
Sponsor Date Location Delivery Format Check
State Approvals
 
Appraisal Institute On Demand Online  Check Register
South Florida Chapter January 19, 2023 Synchronous  Check Register
Northeast Florida Chapter January 19, 2023 Synchronous  Check Register
Florida Gulf Coast Chapter January 19, 2023 Synchronous  Check Register
East Florida Chapter January 19, 2023 Synchronous  Check Register

Program State Approval & Hours

Some AI educational programs may not be approved in every state and every delivery format. To see a list of all state approvals across all formats for this course, please use the link below.

View all approvals for this course

Who should Enroll

  • Residential appraisers

Objectives

  • Identify the differences between condominiums, cooperatives, and planned unit developments.
  • Understand how the bundle of rights is affected by the ownership rights associated with these property types.
  • Understand how condominiums, cooperatives, and planned unit developments fit in the valuation process.
  • Discover which questions to ask when collecting data for condominiums, cooperatives, and planned unit developments.
  • Provide credible assignment results to your client and intended users.

Prerequisites

None

Exam

No Exam

Level

Basic/Intermediate

Appraisal Institute CE Points

Attend: 35 AI Points

Class Time

7 hours

Assignments

Yes.
 
Online Program: Please note that participants must complete mandatory assignments and exercises in the program. Feedback will be at the discretion of the instructor. If you have questions or would like to request specific comments on your submitted assignment or exercise, please contact the instructor. Please allow up to 5 days for the instructor to reply to your review request.

Program Overview


Required and/or Recommended Equipment

Calculator

System Requirements


Additional Information

Classroom & Synchronous

Seminar Materials Include:

  • Seminar Handbook (404 pp.)
  • Pre-Class Memo (1 p.)
  • Downloads (985 KB)
 

Online
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.

Book Recommendations