Residential Market Analysis and Highest & Best Use

Description

This course provides a fresh look at the relationship between market analysis and highest and best use. Discover where to find the information you need to make a highest and best use decision and how to interpret the information you find. Learn how to read and map a market area for a subject property and discover the essential links between market analysis, highest and best use analysis, and the three approaches to value (cost, sales comparison, and income capitalization). Gain practical experience by solving highest and best use problems like the ones you might encounter in the real world. Theory is translated into practice through extensive and varied classroom activities, encouraging you to apply the concepts learned to real-world situations.

Successful completion of the course and exam should satisfy most states' education requirements in the content area identified as residential market analysis and highest and best use.
 
 
 
 
 
Sponsor Date Location Delivery Format Check
State Approvals
 
Chicago Chapter January 30-31, 2023 Classroom  Check Register

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

  • Those seeking residential real property appraiser licensure or certification
  • Residential real property appraisers who want to learn more about how proper market analysis supports highest and best use conclusions and other steps in the valuation process

Objectives

  • Identify how highest and best use and market analysis fit into the valuation process.
  • Identify ways that market analysis is applied in the valuation process.
  • Recognize major value-influencing forces in residential properties. 
  • Identify variables that affect the supply of residential properties.
  • Apply market analysis information in a highest and best use analysis.
  • Apply market analysis information in the cost, sales comparison, and income capitalization approaches to value.
  • Apply market analysis information in the reconciliation to a final value opinion.
  • Demonstrate how highest and best use analysis incorporates data from the cost, sales comparison, and income capitalization approaches to value.

Prerequisites


Exam

Yes, 1 hours

Level

Intermediate

Appraisal Institute CE Points

Attend: 70 AI Points,  Attend and Pass Exam: 140 AI Points,  Pass Only: 125 AI Points

Class Time

14 hours

Assignments

No required assignments for Online. You will work through case studies as you advance through the material.
 
Yes, for Classroom. 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 https://ai.appraisalinstitute.org/eweb (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


System Requirements

None

Additional Information

Classroom

Course Materials Include:

  • Course Handbook (377 pp.)
  • Pre-Class Download (7 pp.)
  • Pre-Class Memo (1 p.)
  • Overview (18 pp.) 
Required/Recommended Equipment:

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 (377 pp.)
  • Pre-Class Download (7 pp.)
  • Pre-Class Memo (1 p.)
  • Overview (18 pp.) 
Required/Recommended Equipment:

You will be asked to clear the calculator’s memory before and after the examination. Only one ca


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