The San Diego Chapter of the Appraisal
Institute is pleased to offer
MAI Designation Course:
ADVANCED CONCEPTS AND CASE STUDIES
JULY 31, 2023 – AUGUST 5, 2023
Course Description:
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.
Objectives:
· 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.
Who should enroll:
· 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
Course Schedule:
Days 1-5 July 31 – August 4: 8:30 am – 5:00 pm
Instruction
Day 6 August 5:
8:30 am – 11:30 am Exam
Tuition: AI Price: $ 1050.00 Full Price: $ 1400.00
Instructor: Rick L. Carlile, MAI, SRA
Location: CalTrans District
11 Office
4050 Taylor St, San Diego, CA 92110
Nearby hotel:
Hilton Garden Inn
4200 Taylor Street
San Diego, CA 92110
619-260-0607
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. THIS IS A ONE TIME TEST; if you have
taken it before in preparation for another designation course, you do not need
to take it again.
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
• 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.