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.

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: Appraisal of Real Estate, Fourteenth 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

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