Quantitative Analysis

Date: September 12 - 16, 2022

Location: Carle Place, NY


Sponsor:
Long Island Chapter
Contact:
Ms. Cutler
Phone:
(516)248-8964
Email:
LIAI@ailongisland.org
Name:
Hilton Homewood Suites
Address:
40 Westbury Avenue
Carle Place, NY 11514
Phone:
516-248-8964
Instructors:
Larry T. Wright, MAI, SRA, AI-GRS
Notes:
NOTE: This hotel is within 30 minutes of Manhattan. Public transportation is available with Airtrain from JFK Airport or Long Island Railroad to Mineola station. There are restaurants within walking distance of hotel.

Designation Education
Class Time: 30 hours
Exam Hours: 3.00


AI Price: $900.00
Full Price: $1200.00
Register Now     

Experiences

Course Materials Include:

  • Course Handbook (462 pp.)
  • Solutions Booklets (158 pp.)
  • Downloads (822 KB)
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
  • 30 hours of traditional classroom education
  • A 3-hour exam on the 5th morning.

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.


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.

Cancellation Policy

All cancellations must be submitted writing via e-mail at liai@ailongisland.org. Confirmed participants should not assume that cancellation has been granted until confirmation has been received. 

Cancellations made between 2 weeks to 8 days prior to course start date will be charged $150.00 cancellation fee. No refunds for cancellations made 7 days or less prior to the event. 

The Long Island Chapter AI reserves the right to cancel this course at any time. In the event of this, course fees will be refunded. The Chapter is not liable for any non-refundable fees such as airline tickets, hotel reservations, rental car and related student expenses.

Register online: www.ailongisland.org       Information: (516) 248-8964  /   Email: liai@ailongisland.org  

Additional Information

The Long Island Chapter of the Appraisal Institute is pleased to offer

MAI Designation Course:

 QUANTITATIVE ANALYSIS

SEPTEMBER 12 to 16, 2022

 

Course Description: 

Description: This course focuses on the practical application of quantitative tools for analyzing data, drawing appropriate conclusions from datasets, and presenting both the analysis and the conclusions in ways that enhance communication with appraisal clients. It reviews and furthers the application of basic statistical measures (mean, median, mode, standard deviation, etc.) and spends a good deal of time on graphical and regression analysis.
Central goals of the course include showing participants how to understand the reliability and validity of data used to draw conclusions as well as providing the knowledge needed to support the conclusions others may draw from the same or similar datasets. Presentation and activities make extensive use of real-world appraisal applications and are aimed at furthering an appraiser’s ability to provide credible analysis of real property-related issues.

 Objectives:

·         Properly apply and explain statistical methods such as simple and multiple regression analysis using market information.

·         Critique statistical applications.

·         Identify how to incorporate statistical analysis in valuation reports.

·         Identify how to evaluate the reliability of various types of data used in valuation.

·         Use the language of quantitative analysis properly.

·         Use graphs to present data and analysis.

·         Identify research design issues such as hypothesis construction, data reliability and validity, and sampling issues.

Who should enroll:

·         General or residential Candidates for Designation who are working toward an MAI or SRA designation

·         MAIs or SRAs who want to further their knowledge and skill base in statistics

·         Certified general or residential real property appraisers

·         Tax assessors

·         Attorneys

·         Bankers

·         Review appraisers

·         Market researchers

Tuition:       AI Price:  $ 900.00     Full Price:  $ 1200.00

Instructor:  Larry T. Wright, MAI, SRA, AI-GRS

Location:     HOMEWOOD SUITES BY HILTON

                      40 Westbury Avenue, Carle Place, NY 11514

                      www.homewoodsuites.com  516-747-0230

NOTES:  (1)  The hotel is within 30 minutes of Manhattan. Public transportation available with Airtrain from JFK Airport or Long Island Railroad to Mineola station. There are restaurants within walking distance of hotel. 

(2) All CDC recommended social distancing and mask guidelines in effect at the time of the course will be followed. The Hilton Homewood Suites confirm that they have implemented cleaning protocols and best practices according to COVID-19 guidelines.

All students, instructors and any other attendees will be required to review and sign a COVID WAIVER provided by the LIAI Chapter. 

HOTEL ROOM NIGHT DISCOUNT RATE: For anyone who may be interested, the LIAI Chapter has secured a special hotel room rate.

To book special room rate, please contact India Pendergrass and advise that you are a student in a Long Island Appraisal Institute class. Contact info:

India Pendergrass, Sales Coordinator

Hotel Phone: 516-747-0230

Direct Line:    516-880-1004

India.pendergrass@dimdev.com

www.carleplacewestbury.homewoodsuites.com


IMPORTANT INFORMATION

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.

The diagnostic test is free and can be taken at any time on your personal computer. To register for the test, please see link:

https://ai.appraisalinstitute.org/eweb/DynamicPage.aspx?webcode=EventInfo&Reg_evt_key=ee5b0b91-c5d4-4a90-b392-79612a88f641

  

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

ONLINE SESSION: The first part of the course is taken online, and it will be available 28 days before the traditional classroom sessions begin. The online session should take two hours to complete, and it is mandatory that this session be completed no less than two days before the start date of the classroom sessions.   This session is the official beginning of the course. Participants have the flexibility to complete the online session at their own speed when it is most convenient for them. The two-hour online session MUST be completed and it MUST be completed 2 days BEFORE the classroom session begins.  Access is turned off 2 days before the classroom or synchronous session begins. This gives instructors enough time to review what you have submitted and respond if necessary

•           30 hours of traditional classroom education

•           A 3-hour exam on the 5th morning.

 

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.

 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.

                 

Course Schedule:

Day 1: 8:00 am - 8:30 am (Check In)

            8:30 am - 5:00 pm

Day 2: 8:30 am - 5:00 pm

Day 3: 8:30 am - 5:00 pm

Day 4: 8:30 am - 5:00 pm

Day 5: 8:30 am - 11:30 am  EXAM

The instructor will advise of the review and exam times. The instructor will also advise of breaks and lunch times. Limited beverages provided at the breaks. Lunch is on your own.  

 

Course Materials Include:

  • Course Handbook (462 pp.)
  • Solutions Booklets (158 pp.)
  • Downloads (822 KB)                                   

 

Prerequisites

Required:

 Recommended:

·         Real Estate Finance, Statistics, and Valuation Modeling or university-level introduction to statistics course

 

Required Pre-class Information and 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.

·         For more information and a free review, click here.

·         For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator

·         HP-12C calculator User's Manual.

System Requirements

·         Microsoft Excel 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. 

·         Note to Mac users: Microsoft does not support the Data Analysis Tool Pack in Mac Office Excel 2008 or Mac Office Excel 2011. However, they do suggest free third-party add-ins with similar functionality. For 2008, click here. For 2011, click here.

Book Recommendations

Required Text:

·         An Introduction to Statistics for Appraisers

Recommended Text:

·         The Dictionary of Real Estate Appraisal, 6th ed.

·         A Guide to Appraisal Valuation Modeling

Disclaimer Information

Appraisal Institute Continuing Education Credit: Full attendance (100% required), and successful completion of the examination required.

ENROLLMENT: Enrollment is on a first-come, first served basis. Class is limited to 25 students maximum room capacity. Early registration is recommended. No walk-ins allowed. If the event is filled, a waiting list will be retained. The Long Island AI Chapter reserves the rights to cancel, limit, or reschedule this event if the minimum enrollment level is not reached, and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration with the Chapter office before making any non-refundable airline reservations. 

Several prerequisites, successful course completion as well as recommended courses are required including the pre-class 2-hour online session. The entire list is available during your registration process.

ADA COMPLIANCE: It is the policy of the Appraisal Institute to provide reasonable accommodations for qualified persons with disabilities who are participating in Appraisal Institute educational programs. If you need accommodations to participate because of a disability, please notify us in writing at least two weeks in advance of the program and we will arrange for reasonable accommodation. Without two weeks’ notice, accommodation may not be available. 

  

COURSE HOURS AND APPROVAL  

This course is approved for (2) two hour pre-class and (30) thirty hours classroom plus (3) three hours successful exam of Appraisal Institute continuing education credit (CE). Appraisal Institute points are 275 to attend only, 375 to attend and pass exam and 325 to pass exam only.  Full attendance is required. No exceptions.

This course is not approved for Appraiser QE or CE acceptance by the New York State Licensing and Certification Board at this time.


Additional Information

Option for Quantitative Analysis for MAI candidates: This course allows the option to test out of the course. However, be aware that the course content is important and will help you pass the COMP EXAM for your designation.   Click here to Challenge examination.

 NOTE: States DO NOT  provide credit for challenge examinations.

 

Materials can be downloaded or will be shipped to the individual student for the fee as indicated on the registration. Students must make this choice at time of registration.

 Extra materials will not be available. No sharing of materials is allowed.

 Note: you may bring your laptop and a financial calculator as these are may be needed for the course. Note that the room has limited electrical outlets and you may have to run your computer on batteries. Power strips/extension chords may be brought to the site.  Other equipment is hp-12c calculator.

 

CERTIFICATES OF COMPLETION will be available on your AI Education record from the AI National office in Chicago approximately fifteen (15) business days after the completion of the course.

 

State Credit

Please note that 100% attendance is required in order to receive any approved state credit or to be awarded AI CE points. It is imperative that you check with your state board for state approval information before completing registration.

This course is not approved for Appraiser QE or CE acceptance by the New York State Licensing and Certification Board at this time.

 

DISCLAIMER: The Appraisal Institute and AI chapter reserve the right to change class dates, location, and instructor if necessary.

National Disclaimer

State Credit

Please note that 100% attendance is required in order to receive any approved state credit or to be awarded AI CE points. It is imperative that you check with your state board for state approval information before completing registration.

Other Information

If you have a disability and require accommodation, please notify the sponsor at least two weeks in advance for reasonable accommodations to be arranged.

The Appraisal Institute reserves the rights to cancel, limit, or reschedule the program and to change instructor assignments and facility locations at any time.