Appraising Condos, Co-ops, and PUDs

Some AI educational programs may not be approved in every state.

Students should check state approvals prior to registering for any Appraisal Institute program.

To register for this program, go to the bottom of the page.



Who should enroll
  • Residential appraisers
Description
New & Improved Online Program Now Available —
New & Improved Classroom Program Debuts Early 2021! 
 
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.
 
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


Refer to this page for details of state approval hours for this course.

  • Attended Only:

    35
  • Attended Only:

    35
  • Attended Only:

    35
7 hours
90
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.
No
N/A
Basic/Intermediate
Calculator N/A Calculator
Classroom Requirements Online Education FAQ Synchronous Requirements

Seminar Materials Include:

  • Seminar Handbook (408 pp.)
  • Pre-Class Memo (1 p.)
  • Downloads (985 KB)
 
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.


Classroom Offerings

Sponsor Date Location Instructor(s)

Synchronous Offerings

No offerings at this time

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