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Advanced Residential Applications and Case Studies/Part 1
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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. PRECLASS VIDEO AND ASSIGNMENT! To ensure success in this course, it is important that you watch a short preclass video, which details the unique expectations not only for this course/package, but also the preclass assignment as well. What's in the video and why should I watch it?
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.
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Date |
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Delivery Format |
Check
State Approvals |
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| Western Pennsylvania Chapter |
October 11-12, 2023 |
Pittsburgh, PA |
Classroom |
Check |
Register |
| Appraisal Institute |
November 14-17, 2023 |
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Synchronous |
Check |
Register |
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Program State Approval & Hours
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
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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.
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Appraisal Institute CE Points
Attend: 175 AI Points, Attend and Pass Exam: 225 AI Points, Pass Only: 0 AI Points
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Yes. Please CLICK HERE to download the REQUIRED files BEFORE the course begins for important tips and tools. To ensure success in this course, it is important that you watch a short preclass video, which details the unique expectations not only for this course/package, but also the preclass assignment as well.
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Required and/or Recommended Equipment
- 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: Financial Calculator Practice Exercises.Formulas, Symbols, Math Review, and Sample Problems; and
- For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.
- HP-12C calculator User's Manual.
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Classroom & Synchronous None specified
Synchronous
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Classroom & Synchronous Course Materials Include: - Course Handbook (239 pp.)
- Case Study Booklet (61 pp.)
- Reference Guide (56 pp.)
- Downloads (1.7 KB)
Please CLICK HERE to download the REQUIRED files BEFORE the course begins for important tips and tools.
To ensure success in this course, it is important that you watch a short preclass video, which details the unique expectations not only for this course/package, but also the preclass assignment as well.
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. Synchronous Each live online synchronous session runs for 3.5 hours each day with at least 2 breaks during that time. The course runs for 4 half-days.
Connection Information
Several minutes after you register, you will receive a second e-mail that includes instructions in how to connect to the synchronous sessions. If you did not receive the connection information, please check your junk, spam, or quarantine folder. Connection e-mail reminders are sent 1 week, 1 day, and 1 hour prior to synchronous session start time.
Disclaimer
I agree to the terms and policies set forth under the Appraisal Institute Online Education Policy. I also certify that I am the person identified above under Personal Data and that I will personally complete each assigned module of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a Designated member, Candidate for Designation, Practicing Affiliate, or Affiliate of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute, and such peer review proceeding may result in termination of my Appraisal Institute membership, candidacy, and/or affiliation.
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