Appraising Condos, Co-ops, and PUDs

Date: January 19, 2023

Location: Virtual Classroom, FL


Sponsor:
South Florida Chapter
Contact:
Ms. McClave
Phone:
(954)229-0499
Email:
sfchapterai.email@gmail.com
Website:
http://www.southflorida-ai.org/
Name:
Virtual Classroom
Address:
Virtual Classroom
Virtual Classroom, FL 00000
Instructors:
Maureen B. Sweeney, SRA, AI-RRS

Continuing Education
Class Time: 7 hours
Exam Hours: N/A


     

Notes

Live stream/Synchronous Continuing Education:  7-Hours.  This live stream/synchronous class is ONLY approved for Florida Real Estate Appraisal Board and Appraisal Institute continuing education credit.  Students licensed in other jurisdictions should contact their state boards.


View additional offerings sponsored by the South Florida Chapter

Seminar 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.

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.

Experiences

Cancellation Policy

Cancellations/Refunds: Requests for cancellations must be received in writing at the chapter office. Confirmed students should not assume that cancellation has been granted until a confirmation has been received. Direct your email requests to: mailto:sfchapterai.email@gmail.com.


Cancellation Policy:

  • Up To 15 days prior to program start date, $25.00 cancellation fee
  • 7 - 14 days prior to program start date, $50.00 cancellation fee
  • Less than 7 days prior to program start date, forfeit of payment


Additional Information

Class Schedule:

Log-in and Roll Call:  8:30 – 9:00 AM ET

Class Instruction:  9:00 AM – 4:30 PM ET

Lunch: 30 minutes


This class will be held by virtual interactive classroom technology via Zoom.  Students are required to have a computer, webcam and microphone.  It is the student’s responsibility to have the required equipment to participate and receive continuing education credit.


Live stream/Synchronous Classroom Guidelines:

  • Students must have a computer, webcam and microphone capabilities to participate and receive continuing education credit
  • The instructor must be able to physically see and interact with all students and students must be able to interact with the instructor
  • A copy of your driver’s license must be emailed to the chapter office as verification after you have registered and prior to the start date
  • You will receive a separate email from the chapter office with log-in access information.  Please contact the chapter office if you have any questions regarding the participation guidelines at sfchapterai.email@gmail.com


Attendance Requirements:

  • Attendance will be monitored throughout the day
  • Students are required to hold up photo ID at roll call, if requested
  • Students are required to be visible on the virtual platform during the entire class – 100% attendance policy applies
  • Instructors will direct questions to each student in the morning and afternoon  

Disclaimer Information

State CE Credit:  This is a live stream/synchronous class is ONLY approved for Florida Real Estate Appraisal Board and Appraisal Institute continuing education.  For other states, you should determine current education approval and requirements for live stream/synchronous education.


Continuing Education Credit:

Appraisal Institute: 35 points

Florida Real Estate Appraisal Board Credit: 7-Hours, 0010503 – Live stream, Region X of the Appraisal Institute

 

Student Course Handbook-Download: Have your student course handbook loaded on your laptop or printed and ready for viewing.    You can download by logging into to AI account – Downloads.


Student Course Handbook-Printed & Shipped: If you opted to purchase a printed course handbook at an additional fee when registering, they will be shipped to you 30 days prior to the program.


Important Download:  Some files are large and take time to download. Right-click on each download component and select "save target as" from the drop-down menu. Then select a location on your computer. DO NOT attempt to access the file while it is downloading. Some files are large and take time to download properly.


Attendance Requirements:

  • Attendance will be monitored throughout the day
  • Students are required to hold up photo ID at roll call, if requested
  • Students are required to be visible on the Zoom platform during the entire class – 100% attendance policy applies
  • Instructors will direct questions to students  

National Disclaimer

Livestream Education Exception

Please note that not all states have approved Livestream education, therefore, registrants MUST CHECK their individual states for approval BEFORE registering for the Program. Before registering for the Program, registrants understand and agree that continuing education credit for this program MAY NOT be available in their state on the date of the Program. The Appraisal Institute is not responsible if credit is not available for the Program in individual states. Please note: State exceptions for livestream education may expire PRIOR to the offering date.

State Credit

Please note that 100% attendance is required in order to receive any approved state credit or to be awarded AI CE points. It is imperative that you check with your state board for state approval information before completing registration.

Other Information

If you have a disability and require accommodation, please notify the sponsor at least two weeks in advance for reasonable accommodations to be arranged.

The Appraisal Institute reserves the rights to cancel, limit, or reschedule the program and to change instructor assignments and facility locations at any time.