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Advanced Concepts & Case Studies
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This 40-hour
course synthesizes basic and advanced valuation techniques taught in previous
courses and addresses consistent treatment of the three valuation approaches
for various valuation problems. Case studies teach participants how to address
common but complex appraisal issues, including a leased fee not at market rent,
a proposed property, a property in a market not at equilibrium, and a
subdivision. The course emphasizes the need to test the reasonableness of
conclusions in an appraisal.
Note. This is primarily a
synthesis course, not a review course. Like all advanced education courses
sponsored by the Appraisal Institute, the course naturally reviews many
concepts taught in previous courses. However, it includes some new material and
does not include a complete overview of the other courses. Therefore, Advanced Concepts & Case
Studies should not be
considered an adequate review for the comprehensive exam. To prepare for the
comprehensive exam, participants must review all four advanced education
courses, as well as basic concepts from qualifying education for certified
general real property appraisers.
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| Sponsor |
Date |
Location |
Delivery Format |
Check
State Approvals |
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| San Diego Chapter |
July 31 - August 5, 2023 |
San Diego, CA |
Classroom |
Check |
Register |
| Bluegrass Chapter |
September 11-16, 2023 |
Louisville, KY |
Classroom |
Check |
Register |
| Appraisal Institute |
October 23 - November 2, 2023 |
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Synchronous |
Check |
Register |
| Chicago Chapter |
November 06-11, 2023 |
Oakbrook Terrace, IL |
Classroom |
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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- General real property appraisers who want to improve their ability to apply appraisal methods, techniques, and procedures
- Candidates for Designation who are working toward an MAI designation
- Develop and reconcile the cost, income capitalization, and sales comparison approaches for a leased fee interest rent, including consistent treatment of property rights.
- Recognize the typical relationships between yield rates on leased fee and fee simple estates, considering their varying risk.
- Review proper procedures for developing a market-supported discounted cash flow analysis and apply them to practical examples.
- Develop and reconcile the cost, income capitalization, and sales comparison approaches for a proposed property as is, upon completion, and upon stabilization.
- Demonstrate a working knowledge of various methods of calculating a rent-up adjustment and a property rights adjustment.
- Identify the demographic and economic data used to estimate an absorption period for a development project.
- Develop and reconcile the cost, income capitalization, and sales comparison approaches for a property in a market not at equilibrium.
- Conduct inferred and fundamental analysis based on data provided in case studies.
- Develop and reconcile the cost, income capitalization, and sales comparison approaches for a subdivision.
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Appraisal Institute CE Points
Attend: 275 AI Points, Attend and Pass Exam: 375 AI Points, Pass Only: 325 AI Points
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Yes. A pre-class, 2-hour online session.
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Required and/or Recommended Equipment
- 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.
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For more information and a free review, click here.
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For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.
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HP-12C calculator User's Manual.
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Classroom & Synchronous - Microsoft Excel 2007 or 2010 must be loaded and operational (external mouse recommended). (You may use other spreadsheet programs, but those programs won’t be supported in class; demonstrations will be done in Excel.)
- Do not enroll expecting to be taught how to use Excel.
Synchronous
Live Online FAQ
- Microsoft Excel 2007 or 2010 must be loaded and operational (external mouse recommended). (You may use other spreadsheet programs, but those programs won’t be supported in class; demonstrations will be done in Excel.)
- Do not enroll expecting to be taught how to use Excel.
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Classroom & Synchronous Course Materials Include:
- Course Handbook (513 pp.)
- Solutions Booklet (110 pp.)
- Case Study Booklet (86 pp.)
- Self-Study Problems (40 pp.)
Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; and course equivalencies. Designated members, Candidates for Designation and Practicing Affiliates will receive the discounted AI Price for
the MAI designation courses: Advanced Income Capitalization, Advanced Market Analysis and Highest Best Use, Advanced Concepts and Case Studies, and Quantitative Analysis. All others will pay full price. For more information on how to become a Candidate for Designation, click here.
Important Note: Mandatory Diagnostic Test
Before enrolling in this or any other MAI designation course, you must take a diagnostic test. The Excel diagnostic tests your mastery of solving appraisal problems using spreadsheets. This diagnostic test was intentionally designed to be challenging and ensure participants have adequate Excel skills before taking MAI designation courses. For more information, check out the Diagnostic FAQ.
Excel is used extensively in the MAI designation courses; it is highly recommended that you know how to perform the necessary appraisal functions in Excel to succeed in this course.
The diagnostic test is free and can be taken at any time on your personal computer. To register for the test, please click here.
This course implements a blended learning approach, which includes:
- A pre-class, 2-hour online session
- 35 hours of traditional classroom education
- A 3-hour exam on the 6th morning.
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 Course Materials Include: - Course Handbook (513 pp.)
- Solutions Booklet (110 pp.)
- Case Study Booklet (86 pp.)
- Self-Study Problems (40 pp.)
Course Design
This course implements a blended learning approach which includes: Mandatory diagnostic test. Before
enrolling in this or any other MAI designation course, you must take an Excel
diagnostic to demonstrate your mastery of solving appraisal problems using
spreadsheets. The diagnostic is intentionally designed to be challenging and
ensure participants have adequate Excel skills before taking MAI designation
courses. The diagnostic test is free and can be taken at any time on your
personal computer. To register for the test, please click here. For more information, check out the Diagnostic FAQ.
A pre-class, on demand (self-paced) online session
component. The on demand component is available beginning 28 days before
the live online (synchronous) course begins. The online component
requires the completion of a pre-class assignment at least 2 days before
the live online (synchronous) course begins. 30 hours of live online (synchronous) education. Each
live online session runs for 4.0 hours each day with at least 2 breaks
during that time. The course runs for 8 half-days (Monday – Thursday) over
2 weeks. A 3-hour proctored exam at an offline testing center.
You will have 90 days from the time that you complete the course to take
the proctored exam. Testing center locations in your area can be found by
clicking on this link: www.pearsonvue.com/ai.
Pricing
Appraisal Institute Designated
members, Candidates for Designation, and Practicing Affiliates will receive the
discounted AI Price for MAI Designation education courses: Advanced
Income Capitalization, Advanced Market Analysis and Highest &
Best Use, Advanced Concepts & Case Studies, and Quantitative
Analysis. All others will pay full price. For more information on how to
become a Candidate for Designation, click
here. Other Details
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