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: Valuing Rural America; 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
Instructor/s: Randall Kyles, ARA
No Refunds after Feb. 14, 2021. Prior to this date there will be a $150 cancellation fee.