Advanced Spreadsheet Modeling for Valuation Applications


This two-day course will teach appraisers to prepare advanced analyses in a simpler manner and with fewer errors. It will appeal to participants with experience in fundamental and inferred market analysis and highest and best use analysis. The focus is on problem solving and efficiency while uncovering some of the tools of the spreadsheet program that will strengthen an analysis and increase productivity. Participants will find the applications especially helpful in the areas of market analysis, feasibility analysis, and highest and best use. Gain techniques to solve real-world problems and develop best practices in modeling that can be applied in other situations.

This course is in the Analytics for Valuation Professional Development Program. View this list of FAQs, which includes information regarding the courses you’ll need to complete the program successfully.

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State Approvals

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

Who should Enroll

  • MAIs or SRAs who want to further their statistics knowledge and skill base
  • Certified residential or general real property appraisers
  • Reviewers
  • Real estate brokers
  • Underwriters


  • Recognize best practices and what to consider in developing a financial model.
  • Demonstrate how and when to use defined names in cells and ranges.
  • Identify key inputs in maximum building-size calculations.
  • Describe how to use key features of a spreadsheet program to make complex calculations easily.
  • Identify key inputs in land residual analysis.


  • Basic knowledge of spreadsheets, especially in Excel
  • Experience in inferred or fundamental market analysis as well as highest and best use analysis

Using Spreadsheet Programs in Real Estate Appraisals—The Basics or similar course/seminar


Yes, 1 hours



Appraisal Institute CE Points

Attend: 150 AI Points,  Attend and Pass Exam: 200 AI Points,  Pass Only: 150 AI Points

Class Time

14 hours


Yes. After you register for this class, please go to your Education and Events page for details on what you must complete BEFORE class begins.
To access your Education and Events page, log on to the Appraisal Institute website at (click on the three horizontal lines to the left of the AI logo and select “My
AI Account” from the drop-down menu).

Program Overview

Required and/or Recommended Equipment

  • A laptop computer is required.
  • Microsoft® Excel 365 must be loaded and operational. If you do not have Excel, you may download a free trial at Please note that this links to the latest version of Excel. There may be minor differences between versions. 
  • Solver Add-In and Analysis Tool Pak must be installed prior to class. Note. These add-ins may not work with the online version of Excel. As a result, it is highly recommended that you download a computer-based version of Excel.
  • Note to Apple Mac Users: The course will be taught in Windows using Excel 365. You will need the latest version of Excel in order to perform some of the exercises. Also, Microsoft does not support the Data Analysis Tool Pack in Mac Office Excel 2011. However, they do suggest free third-party add-ins with similar functionality. For more information, click here.
  • A regular-function or financial calculator is required for the exam.

Additional Information

Course Materials Include:

  • Course Handbook (218 pp.)
  • Pre-Class Memo (1 p.)
  • Pre-Class Downloads (888 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.

Book Recommendations

None specified