The Cost Approach: Unnecessary or Vital to a Healthy Practice?

Date: October 22, 2020

Location: Virtual Classroom, FL


Sponsor:
Florida Gulf Coast Chapter
Contact:
Ms. Nancy J. Bachor
Phone:
813-962-4003
Email:
info@gulfcoastai.org
Website:
http://www.gulfcoastai.org/
Name:
Virtual Classroom
Address:
Virtual Classroom
Virtual Classroom, FL 00000
Contact:
Nancy J. Bachor
Phone:
8139624003
Instructors:
Craig Steinley, MAI, SRA, AI-GRS, AI-RRS
Notes:
VIRTUAL CLASS. Registration is on a first-come, first-serve basis. Class size is limited due to the virtual format. State CE Credit: This seminar is currently approved for both classroom and virtual education in Florida. Since this is a virtual class it may not be approved in every State for continuing education credit. For other states, you should determine current education approval and requirements for virtual classroom education.

AI Price: $180.00
Full Price: $195.00

Notes

Seminar Description: How often have you have heard residential appraisers don’t need the cost approach to obtain credible assignment results? Participants in the secondary market often suggest this, and it’s even highlighted in the Fannie Mae Selling Guide that the cost approach is only required for the valuing manufactured homes. Unfortunately, not understanding the cost approach limits your ability to properly support adjustments in the sales comparison approach, understand trends in market conditions that are often driven by building costs, and recognize and quantify the forms of depreciation that can affect residential improvements. By better understanding the 8 important steps in the cost approach, you can rely on its indications whether you have little data, confusing data, or lots of data. Presentations and case studies will help you better understand the key connection between proficiency with the cost approach and your ability to support your adjustments in the sales comparison approach. This much needed seminar will show you that the cost approach truly is relevant!

Experiences

Important! You may want to consider ordering print materials for this seminar, or simply print all materials on your own and bring them to class. Having print copies of the materials will enhance the learning experience for this seminar.

Cancellation Policy

Cancellation Policy 

• Up To 15 days prior to program start date, $10.00 cancellation fee 

• 7 - 14 days prior to program start date, $25.00 cancellation fee 

• Less than 7 days prior to program start date, forfeit of payment 

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: wcoastfl@tampabay.rr.com.

Additional Information

THIS CLASS WILL BE HELD VIA VIRTUAL INTERACTIVE CLASSROOM TECHNOLOGY.  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 CREDIT.

Virtual Classroom Guidelines:   Students must have a computer, webcam and microphone capability to participate and receive continuing education credit.  If you have a Lenova laptop, you must have the Lenova Vantage App installed on your computer for the webcam to operate.  The platform will be interactive and live.  The instructor must be able to physically see and interact with all students and students must be able to see and interact with the instructor.  A copy of your driver's license must be emailed to the Chapter office as verification after you have registered for the offering 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 wcoastfl@tampabay.rr.com

Note:  Registration is on a first-come, first-serve basis.  Class size will be limited due to the virtual format.

Schedule:   8:45 AM - Log In and Roll Call

Class:  9:00 AM - 4:30 PM    (Noon - 30 minute lunch break)

You will receive a CE Certificate within one week of completing the class.

Appraisal Institute: 35 points

Florida Real Estate Appraisal Board Credit: 7-Hours, 0010090

SEMINAR MATERIALS: The seminar material should be downloaded prior to class. IT WILL BE THE STUDENT'S RESPONSIBILITY TO PRINT THE SEMINAR MATERIAL AND BRING WITH YOU TO CLASS OR UPLOAD TO YOUR LAPTOP.

How do I access my CE Certificate After Completion?  New Attendance Verification Process 
Verified attendance certificates will be available within 15 working days by

  • Logging into My Account www.appraisalinstitute.org
  • Select EDUCATION
  • Click on the specific offering that you are seeking the certificate for; it will show REGISTERED
  • Scroll to the very bottom of the screen to (1) COMPLETE EVALUATION FORM and (2) RETRIEVE CERTIFICATE

Disclaimer Information

Attendance: One hundred percent (100%) attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements. Students should not be late or leave early. If you are late or leave early you will not receive credit. 

 • 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 entirety of the class 

• Instructors will direct questions to each student in the morning and afternoon 

 State Certification: Students should contact their specific state to determine current education approval and requirements. Please follow the link above under locations to verify certification in your state. Class Materials: You will receive the seminar material via separate email one week prior to class. 

Virtual Education:

Please note that not all states have approved Virtual 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 virtual education may expire PRIOR to the offering date.

National Disclaimer

Virtual Education Exception

Please note that not all states have approved Virtual 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 virtual 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.