General Appraiser Site Valuation and Cost Approach

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This course provides an in-depth look at developing a cost approach for non-residential real property appraisals. The six methods of site valuation are illustrated and explained. Illustrations and examples are offered of the three methods of cost estimation: comparative unit, unit-in-place, and quantity survey methods. Detailed cost workups will be studied using Illustrations from the Marshall & Swift Valuation Service. Then, the three methods of estimating depreciation (age-life, market extraction, and breakdown methods) will be examined in detail. All of these topics will be expanded through the use of helpful case studies and case problems. There is a required three-hour comprehensive proctored examination at the end that must be taken in a monitored classroom setting

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