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Appraisal Institute Education

Residential Market Analysis and Highest & Best Use | Program Details

This two-day 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 similar to problems you might encounter in the real world. Theory is translated into practice through extensive and varied classroom activities encouraging you to become actively involved in applying concepts 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.



AICP members may be able to earn Certification Maintenance (CM) credits for this activity. Visit www.planning.org/cm for a list of approved offerings.

Program Overview
Table of Contents and Overview [PDF]
Course Schedule [PDF]

Recommended Text
The Dictionary of Real Estate Appraisal, 5th ed.
The Appraisal of Real Estate, 13th ed.

Ordering Information
To order books and other materials go to
our store

Tuition
Please contact the sponsoring chapter for information on fees applicable to chapter programs.

Required Equipment

  • HP12C Calculator
  • Free Review—Using a Financial Calculator; Symbols and Formulas, Capitalization Selection Tree, and Sample Problems

    • Appraisal Institute Credit Hours
    15 (including 1-hour exam)

    To receive credit, participants must attend 100% of the program.

    AI CE Credit for Designated and Associate Members
    This program is approved for 1 hour of Appraisal Institute CE credit for every hour taken.

    Prerequisites
    Successful completion of Basic Appraisal Principles, Basic Appraisal Procedures, or equivalent courses is required.

    Students must sign a waiver at the beginning of the course stating that they have the prerequisites. If they do not, they will not hold the Appraisal Institute responsible and will not expect to receive special attention during the course.

    Who Should Enroll
    Residential appraisers seeking licensing and residential appraisers who want to learn more about how proper market analysis supports highest & best use conclusions and other steps in the valuation process

    Click Here for State Approvals


    Class Schedule & Locations
    09/20/2010 - 09/21/2010
    Location: Chicago, IL
    Click here for location details
    Sponsor: Chicago
    Contact: Kate Fulford, (312) 616-9405
    Instructor: Spence, William D. Otto, MAI
    Register


    10/05/2010 - 10/06/2010
    Location: Indianapolis, IN
    Click here for location details
    Sponsor: Hoosier State
    Contact: Shannon O'Keefe, (317) 815-1340
    Instructor: Wagner, Stephen S., MAI, SRA
    Register


    11/18/2010 - 11/19/2010
    Location: Aurora, CO
    Click here for location details
    Sponsor: Colorado
    Contact: Sherry Engleberg, (303) 691-0487
    Instructor: Garone, Louis J., MAI, SRA
    Register