Advanced Residential Applications and Case Studies/Part 1-Florida Version

This two-day course meets AQB criteria. In Part 1 of a two-part course package, you will apply appraisal techniques to solve a complex residential case study appraisal assignment. You will put your knowledge of terminology, concepts, procedures, and methods to the test as you demonstrate competence in the areas of appraisal analysis learned in previous courses.

By successfully completing the course and exam, you will have met most states' education requirements in the content area identified as advanced residential applications and case studies. Individuals who are seeking the Appraisal Institute SRA designation may take this course and Advanced Residential Report Writing/Part 2 as an alternative to completing the Residential Demonstration Report requirement.

Important Notes: 

• If you wish to become a State Certified Residential Appraiser, Advanced Residential Applications and Case Studies/Part 1 is approved by the Appraiser Qualifications Board for 15 content hours in advanced residential applications and case studies. Advanced Residential Report Writing/Part 2 is approved for 30 hours in the appraisal subject matter elective category. Review the courses for which you have received credit to determine whether these courses are necessary for you to meet your education requirements.

The 45-Hour Package is comprised of two courses: 

• Advanced Residential Applications & Case Studies/Part 1
• Advanced Residential Report Writing/Part 2

Following are the requirements to use the 45-Hour Package as an alternative to the Residential Demonstration Report: 

• You must register for a paired package of Part 1 and Part 2.
• Part 1 and Part 2 of a paired package are generally scheduled 3 – 4 weeks apart.
• It is not permissible to register or take Part 2 unless it is in the same pairing as Part 1.

• Course materials will be sent to you before class begins and will be accompanied by a memo explaining the preparations that you should make before coming to class. Be sure to register at least 2 weeks before the course starting date so that you can receive your materials in time to complete the required preparations. More details on the pre-class assignment can be found under View Details: Assignment.
• For this course, case study solutions are not distributed at the end of class.

Some AI educational programs may not be approved in every state and every delivery format. To see a list of all state approvals across all formats for this course, please use the link below.

View all approvals for this course

Appraisers seeking residential real property appraiser certification with experience in and understanding of the fundamental concepts of appraising

• Identify and document pertinent information from the market for neighborhood/market analysis.
• Identify a preliminary highest and best use and support the preliminary conclusions after cumulative analysis.
• Support cost estimates through extraction; reconcile a cost per square foot; and determine physical deterioration by the age/life method and the breakdown method.
• Derive and reconcile a GRM, market rent, and support for adjustments through the income capitalization approach.
• Complete paired sales analysis for specific elements and provide support for adjustments.
• Reconsider your preliminary highest and best use and provide additional support and rationale for the conclusions.
• Reconcile a final opinion of value for the subject property.

• Basic Appraisal Principles
• Basic Appraisal Procedures
• National Uniform Standards of Professional Appraisal Practice (USPAP) Course, 15-Hour
• Residential Market Analysis and Highest & Best Use
• Residential Site Valuation and Cost Approach
• Residential Sales Comparison and Income Approaches
• Residential Report Writing and Case Studies
• Real Estate Finance, Statistics, and Valuation Modeling

Yes, 2 hours

Advanced

Attend: 175 AI Points,  Attend and Pass Exam: 225 AI Points,  Pass Only: 0 AI Points

14 hours

Table of Contents and Overview
Course Schedule

• A laptop computer is required with a flash drive and Microsoft Word and Excel OR form software with AI Reports^® Form 100, Summary Appraisal Report • Residential, installed OR other word processing/spreadsheet program AND Adobe Acrobat Reader software for converting files to PDFs.
• A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
• You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.
• Free Review: Using a Financial Calculator: Formulas, Symbols, Math Review, and Sample Problems; and Financial Calculator Practice Exercises.
• For additional help with the HP-12C calculator, take our online seminar 
• Using Your HP-12C Financial Calculator
• HP-12C calculator User's Manual.

 

None specified
 

Course Materials Include:

• Course Handbook (245 pp.)
• Case Study Booklet (59 pp.)
• Pre-Class Downloads (6.6 MB)
• Other Downloads (1.7 KB)

You will be asked to clear the calculator’s memory before and after the examination. Only one calculator is permitted in the testing room. Examinees taking most AI exams may bring their own calculator to use during the exam. Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.

• Residential Property Appraisal
  
• The Appraisal of Real Estate, 15th ed.
• The Dictionary of Real Estate Appraisal, 7th ed.