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The 40-hour Advanced Concepts & Case Studies course implements a blended learning approach, which includes a pre-class, two-hour online session combined with 35 hours of traditional classroom education and wraps up with a three-hour exam on the sixth morning.
Please note Designated Members and Candidates for Designation will receive the discounted AI Price for Advanced Education courses: Advanced Income Capitalization, Advanced Market Analysis and Highest and Best Use, Advanced Concepts and Case Studies, and Quantitative Analysis. All others will receive the Full Price.
For more information on how to become a Candidate for Designation, click here.
Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; course equivalencies.
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Course Description
This 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 conclusion 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, associates must review all four advanced education courses, as well as basic concepts from qualifying education for certified general appraisers.
- Develop and reconcile cost, income, 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 cost, income, 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 cost, income, and sales comparison approaches for a property in a market not at equilibrium.
- Conduct inferred and fundamental demand analysis based on data provided in case studies.
- Develop and reconcile cost, income, and sales comparison approaches for a subdivision.
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Program Overview
Table of Contents and Overview [PDF] 
Course Schedule [PDF]
Recommended Text
The Dictionary of Real Estate Appraisal, 5th ed.
Shopping Center Appraisal and Analysis
Subdivision Analysis
Valuation of Apartment Properties
Market Analysis for Real Estate: Concepts and Applications in Valuation and Highest and Best Use
The Valuation of Office Properties
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
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Appraisal Institute Hours
40 (2 online, 35 classroom, 3-hour exam)
To receive credit, participants must attend 100% of the program.
AI CE Credit for Designated Members and Candidates for Designation
NOTE: This course is approved in most states for CE; it is also AQB approved as a QE Certified General elective course. It is not a substitute for any of the other required Certified General courses.
Completing this advanced education course satisfies the Advanced Continuing Education (ACE) requirement for an MAI, SRPA, SREA, RM, or SRA Designated Member, general or residential Candidate for Designation and general or residential Practicing Affiliates. This course may not be repeated in any subsequent continuing education cycle unless it has been substantially revised, as determined by the Admissions and Designation Qualifications Committee.
For further information, please visit our Continuing Education Page .
This program is approved for 1.25 hours of Appraisal Institute CE credit for every hour taken.
Prerequisites
Required:
Recommended: Participants 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
General appraisers who want to improve their ability to apply appraisal methods, techniques, and procedures. Candidates for Designation who are working on MAI designations.
Click Here for State Approvals
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Class Schedule & Locations
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06/24/2013 - 06/29/2013
Location: Chicago, IL
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Sponsor: Chicago
Contact: L A Anderson, (312) 616-9406
Instructor: Jorgensen, Kerry M., MAI
07/15/2013 - 07/20/2013
Location: Greensboro, NC
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Sponsor: North Carolina
Contact: Nancy Linton-Hall, (336) 297-9511
Instructor: Spence, William D. Otto, MAI & Wright, Larry T., MAI, SRA
07/22/2013 - 07/29/2013
Location: New York, NY
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Sponsor: Metropolitan New York
Contact: Connie Puccio, (866) 966-3710
Instructor: Scribner, Ph.D., David, MAI, SRA & DePascale, Fred A., SRPA, SRA
08/26/2013 - 08/31/2013
Location: Louisville, KY
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Sponsor: Bluegrass
Contact: Susan Katz, (502) 727-9181
Instructor: Spence, William D. Otto, MAI & Wright, Larry T., MAI, SRA
09/11/2013 - 09/17/2013
Location: St. Paul, MN
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Sponsor: North Star
Contact: Maribelle Cushman, (651) 633-0676
Instructor: Jorgensen, Kerry M., MAI & Pending, Instructor
09/30/2013 - 10/05/2013
Location: Tigard, OR
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Sponsor: Appraisal Institute
Contact: National Programs, (312) 335-4207
Instructor: Magdziarz, Joseph C., MAI, SRA
10/01/2013 - 10/06/2013
Location: Dallas, TX
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Sponsor: North Texas
Contact: Ruth Kelton, (972) 233-2244
Instructor: Wright, Larry T., MAI, SRA & Fanning, Stephen F., MAI
10/02/2013 - 10/09/2013
Location: Cincinnati, OH
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Sponsor: Ohio
Contact: DebbieLee Dougherty, (614) 442-3391
Instructor: DeWeese, Gary S., MAI
10/21/2013 - 10/26/2013
Location: Atlanta, GA
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Sponsor: Atlanta Area
Contact: Suzanne Brockway, (770) 803-0024
Instructor: Urubek, John H., MAI & Jorgensen, Kerry M., MAI
11/07/2013 - 11/13/2013
Location: Aurora, CO
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Sponsor: Colorado
Contact: Sherry Engleberg, (303) 691-0487
Instructor: McCloud, Harold S., MAI & Bowes, Nelson, MAI
11/07/2013 - 11/13/2013, No Class on November 10th
Location: Ontario, CA
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Sponsor: Southern California
Contact: Lianna Chaparyan / Linda Zimmer, (818) 957-5111x20
Instructor: Wright, Larry T., MAI, SRA
11/11/2013 - 11/16/2013
Location: Pottstown, PA
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Sponsor: Philadelphia Metropolitan
Contact: Tiffany L. Lewis, (610) 326-0100
Instructor: Spence, William D. Otto, MAI
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