Florida law requires Registered, Licensed and State Certified Appraisers, licensed prior to November 30, 2007, to complete 30 hours of state approved continuing education before November 30, 2008.
This course 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.
Approved by the Appraiser Qualifications Board (AQB) of The Appraisal Foundation as course 0007978.
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