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This
course meets the criteria for a 15 hour
course as part of the required course curriculum
under the Appraiser Qualification Board
requirements for residential certification.
It provides an in depth look at developing
a Cost Approach for residential 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 Residential
Cost Handbook.
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 one hour exam
at the end that must be taken in a monitored
classroom setting.
Provided
by McKissock - Georgia course approval #49925

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