Advanced Condominium Valuation (APR115)
| Course: |
APR115
Advanced Condominium Valuation |
| Course Length: | 1 day |
| Education Credit: | 7 Credit Hours
(Continuing Education) |
| Tested: | No |
| Recommended Prerequisites: | - Introduction to Assessment - Basic Condominium Valuation - Basic Appraisal Principles - Basic Appraisal Procedures - Introduction to Ad Valorem Mass Appraisal |
| Cost Per Student: | $10.00
(Please make checks payable to Colorado Assessors' Association.) |
| Required Equipment: | Standard Calculator |
| Topics: | Appraisal 115 builds on Appraisal 113 – Basic Condominium Valuation. This course offers a case study that covers the appraisal and assessment tasks involved with the four distinct stages of a condominium’s life span 1-Inception/Entitlements/Pre -construction - Developer Owned 2-New Construction/Marketing/Platting/Declarations - Developer Control 3-Initial sales, Resales, Stability – Transition from Developer to Association Control 4-Decline/Renewal or Decline/Termination – Association Control |
| Special Notes: | Students will utilize actual documents to complete the appraisal process for each stage of a condominium’s life. The case study facilitates discussion opportunities and small group breakout sessions to identify relevant property characteristics, assignment conditions, scope of work considerations, individual and mass appraisal approaches to value, and other value tracking and assessment considerations that are required by Colorado statutes for ad valorem appraisal. |