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Estimating the Gross Living Area New

Course Description

An American National Standard is developed through a consensus process that involves those organizations and individuals directly and materially affected by the existence of a standard. A standard itself is a voluntary guide for producers and consumers. The American National Standards Institute is the central body responsible for identifying a single, consistent set of voluntary standards and verifying that the principles of openness and due process are heeded. All American National Standards are subject to periodic review and revision.

A standard allows individuals and organizations that use different terminologies based on different points of view to communicate, cooperate, and calculate quantities on a common basis. This standard promotes these goals in the hope that square footage calculation can become an item of agreement rather than a point of contention between groups with different interests and concerns.

This standard for the calculation and reporting of above – grade square footage and below – grade square footage in single – family houses is offered for voluntary application. The standard must be applied as a whole. The standard is not meant to replace or supersede any legal or otherwise required existing area measurement method. It may be used in a proposed, new or existing single – family house of any style but is not applicable to apartment/multifamily buildings. It does not cover room dimensions.

Before the adoption of the standard, no nationwide standard existed in the United States for measuring square footage in single – family houses. By contrast, a standard applicable to commercial buildings has been in effect for 80 years. In 1915, the Building Owners and Managers Association International (BOMA) developed a standard method for measuring floor area in office buildings. The BOMA standard was revised in 1952,1955,1971,1980 and 1989 and now bears the title Standard Method for Measuring Floor Area in Office Buildings, ANSI Z65.1 – 1980 (Reaffirmed 1989).

Note: This foreword is not part of American National Standard Z765 – 1996.

This module is deigned as a 3 – hour course teaches those in the real estate community about estimating gross living area. This module includes two practice exams that will help the student prepare for the module exam. Understand that these are for practice only. The student must pass a comprehensive final exam to receive credit for the module.

This module includes the following lessons.

  • American National Standard for Single – Family Residential Buildings
  • Measurement and Calculation
  • Appraisal Values
  • The Appraisal Process
  • Uniform Standards of Professional Appraisal Practice
  • Valuation Analysis
  • Summary and Other Guidelines
  • Critical Thinking Questions and Case Studies

    Learning Objective.

  • Define the American National Standard for Single – Family Residential Buildings (ANSI) and associated definitions
  • Understand the scope and purpose of the ANSI
  • Employ the calculation and measurement of square footage
  • Comprehend the Statement of Finished Square Footage
  • Calculate and measure estimated gross living area according to floor plans
  • Identify the different values associated with real property, namely market value
  • Determine the forces affecting market value
  • Apply the appraisal process with regards to the Bundle of Rights and the appraisal process flow chart
  • Define the Uniform Standards of Professional Appraisal Practice (USPAP) and various rules that accompany the USPAP
  • Identify the components of valuation analysis
  • Review a summary of the course and guidelines used for the estimation of the gross living area

    Category:

    Elective.

  • State Requirements

    Our real estate CE courses meet the requirements of the Kansas Real Estate Commission (KREC). Take your 12-hour Kansas real estate continuing education now. Brokers must complete a 12-hour CE by their first renewal date and at each subsequent two-year renewal.

    Salesperson must complete a 12-hour CE for each subsequent two-year renewal after meeting the 30-hour post-license requirement. Online Kansas license renewal is available 45 days prior to renewal due date. Late renewal is available online after due date and on or before the expiration date. A paper application must be filed with the Commission in order to renew within the 6-month grace period after the license expires.

    Online renewal is not available if, within the last six years, you have been charged or convicted of a criminal offense, received a diversion or suspended imposition of sentence, or if you have received disciplinary action against a professional or occupational license (other than your Kansas real estate license).

    PRICE:

    $29

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