Cost Approach for General Appraisers (A301)

Education Offerings

The ASFMRA is the leading education provider for rural property professionals, offering a variety of classes for rural appraisers, farm managers and agricultural consultants. The ASFMRA is a not-for-profit professional society and a sponsoring member of The Appraisal Foundation. The ASFMRA has been providing education since 1929 and serves all jurisdictions in the United States.

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If you have any questions regarding approvals, please contact Deanna Ilk at 303-692-1222 or dilk@asfmra.org.

 

Cost Approach for General Appraisers (A301)

This course is specifically designed to meet the 30 hours required by the Appraiser Qualifications Board for Qualifying Education for General Certified Appraisers. The course covers topics such as underlying Cost Approach definitions and concepts. Extensive site or land valuation techniques are presented because of the importance of land in appraising rural properties. Comparable sales analysis includes determining the contributory value of land classes; paired sales techniques; derivation and the correct sequence of adjustments, and analysis of properties with multiple land types. Depreciation analysis covers age-life, modified economic age-life and market derived depreciation to include all forms of depreciation including physical, functional, and external obsolescence. These topics are discussed with relevance toward the unique aspects of rural property valuation. The concepts are reinforced through classroom discussion, drill problems and daily review exams.

Please Note: This course is designed to follow Basic Appraisal Principles and Basic Appraisal Procedures are recommended before taking this class. It is assumed the student has a working knowledge of the HP 12C calculator and has the level of knowledge and understanding that is taught in the lower level classes.

Required Equipment & Textbooks: Appraisal of Rural Property, 2nd Edition; HP-12c, Hp-17bII or HP-19bII calculator (Click here for basic information how to use an HP-12c)

Suggested Textbook: Valuing Rural America; Appraisal of Real Estate, Fifteenth Edition; Dictionary of Real Estate Appraisal, Sixth Edition

Contact Hours: 27 hours + 3 hour exam

Course Timetable: Days 1-3: 8 AM - 5 PM; Day 4: 8 AM - 4 PM

AQB Licensure Requirement: Certified General

List of approvals