Cost Approach for General Appraisers (A301)

Education Offerings

The ASFMRA offers a variety of types of education for Appraisal, Farm Management and Consulting, and Continuing Education seminars. Take a look at what we have to offer. There is something for everyone, from the beginner to the seasoned professional. ASFMRA is an internationally recognized leader in Appraisal, Farm Management and Agricultural Consulting training.  We are a not-for-profit professional society and a sponsoring member of the Appraisal Foundation.  We have been providing education since 1929 and serve all jurisdictions in the United States.

Appraisal Education

ASFMRA is an internationally recognized leader in appraisal training. We are a not-for-profit professional society and Sponsoring Member of the Appraisal Foundation providing education since 1929 and serving all jurisdictions in the United States. We provide Appraisal Qualifications Board (AQB) and state approved appraisal training for certified general licensure and for continuing education.  We also offer accreditation courses that take you down the path of becoming an Accrediated Rural Appraiser.  This designation will elevate your career and show your dedication to being the best in your field.  Take a look at the courses we offer and  our education schedule to see what is being offered near you.  Let us help you take your career to the next level! 

Contact Deanna Ilk at 303-692-1222 or dilk@asfmra.org with any questions.

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 rural properties. Comparable sales analysis is included for contributory value of land classes, as well as paired sales techniques, derivation and sequence of adjustments, analysis of properties with multiple land types, reconciliation, and case studies. 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 sometimes unique aspects of rural property valuation. The concepts are reinforced through classroom discussion, drill problems and periodic diagnostic quizzes.

Please Note: This course is designed to follow Basic Appraisal Principles and Basic Appraisal Procedures. It is assumed the student has already gained the level of knowledge and understanding that is taught in the lower level classes.

Required Equipment & Textbooks: HP-12c, Hp-17bII or HP-19bII calculator; Appraisal of Rural Property, 2nd Edition

Optional Textbooks: Appraisal of Real Estate, Thirteenth Edition; Dictionary of Real Estate Appraisal, Fifth 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

Accreditation: This course is required for the ARA and the RPRA

List of Approvals