General Appraiser Site Valuation and Cost Approach

4.23 Average Customer Rating

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General Appraiser Site Valuation and Cost Approach has earned an average of 4.23 out of 5 stars from 804

This course provides an in-depth look at developing a Cost Approach for commercial 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 conclusion of the course that must be taken in a monitored classroom setting.

Chapter list:

1. Land and Site Appraisals
2. Physical and Legal Forces Affecting Land and Site Values
3. Economic and Social Forces Affecting Land and Site Values
4. Site Valuation Methods
5. Site Valuation Practice Problems and Case Study
6. Cost Approach, Concepts, and Definitions
7. Replacement/Reproduction Cost New
8. Marshall Valuation Service
10. Depreciation
11. Breakdown and Market Extraction Methods of Depreciation
13. Conclusion
9. Marshall & Swift Commercial Estimator 7
12. Case Study

Course ratings and reviews

McKissock is rated 4.2 out of 5 by 803.
Rated 5 out of 5 by from This is the first McKissock class I've taken and I'm much more pleased with it than those offered by the Appraisal Institute. The interface is much more advanced, the material is clear, the test questions aren't confusing like many included with AI classes. I also like that I have the ability to go to my local library to take the exam. For AI classes, I'm required to go to a Pearson testing center where I literally have to pat myself down like I'm visiting someone in prison.
Date published: 2019-09-08
Rated 5 out of 5 by from McKissock courses are easy to use and very insightful!
Date published: 2019-07-18
Rated 5 out of 5 by from Thank you for allowing the lessons to be printed. My specific learning style prefers the old print out and use of highlighter. I enjoy the flexibility to work my way through the program at a good pace, then print and really dive in with my time. Thank You!
Date published: 2018-12-22
Rated 5 out of 5 by from The Site Valuation course is full of interesting and useful information, it is valuable for all appraisers.
Date published: 2018-11-19
Rated 5 out of 5 by from Very challenging and offers great insight into he Site Valuation and Costs Approach.
Date published: 2018-09-08
Rated 5 out of 5 by from This course helped me really understand the cost approach in-depth.
Date published: 2018-06-11
Rated 5 out of 5 by from Exceeded my expectations once again, customer service was outstanding when needed.
Date published: 2018-01-22
Rated 5 out of 5 by from This is a very well organized class. The content is easy to read and the problems were helpful.
Date published: 2017-10-17
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Are the exams offline proctored or online at a testing centre?

Asked by: Goldie27
For the state of CO there are 2 options when taking the proctored exam - it can be done online or on paper. Either way you are required to have a proctor or monitor with you when taking the exam. The only requirements in place on a proctor is you cannot be related to the person or work with them on a daily basis.
Answered by: McKissock
Date published: 2018-06-18
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