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Advanced Applications

CALL   Date: November 11 - 17, 2009, There is no instruction on Sunday, November 15.   Location: Oakland, CA
 
  Course    
Category  Other [Oth]  
Level  II  
Attendance Hours  36.0  
Exam Hours  4.0  
Current Price  $ 680.00 Member *
$ 780.00 Regular *
* includes late fee
Late Fee  $ 25.00
 
  Instructor    
Gary S. DeWeese, MAI  
Instructor Pending  
    
 
  Location    
Name  University of Phoenix -- Oakland Campus (City Center)  
Address  1200 Clay Street (near 12th St.)  
City  Oakland  
State  CA  
Zip  94612  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Northern California
Website  www.norcal-ai.org  
Contact Name  Lisa Estes / Pat Moore  
Email  lisa@norcal-ai.org / pat@norcal-ai.org  
Phone  (925) 932-7753  
Fax  (925) 932-7754  
 
  Description    
This course synthesizes the three approaches to value, examines their applications, and helps participants apply the basic and advanced valuation techniques they have learned in previous courses. Rather than relying primarily on lectures, this course lets participants get involved in practical group work on case study assignments. Case studies on office, apartment, subdivision, and industrial properties teach participants to analyze and organize data and choose the appropriate tools to solve appraisal problems. The course emphasizes the need to test the reasonableness of all the conclusions reached in an appraisal.



This course may be used to fulfill the 30-hour Elective topic requirement toward certification in states where approved for QE credit. NOTE: This course is not a substitute for any other prerequisite Certified General course.



Note: Required MAI Designation Course


Content


  • Leased fee valuation
  • Demand forecasting
  • Prospective values
  • Subdivision analysis
  • Highest and best use analysis
  • Advanced topics


What You Will Gain


At the end of the course, you will be able to:


  • Identify the demographic and economic data used to estimate an absorption period for a housing development
  • Prepare an annual cash-flow forecast
  • Recognize the typical relationships between yield rates on leased fee and fee simple estates that reflect their varying risk
  • Calculate replacement allowance and reversionary value
  • Analyze statistical data to calculate occupancy levels and annual average growth
  • Analyze comparable sales to estimate income and expenses for a proposed project
  • Apply appropriate approaches to advanced valuation problems

Required Texts


Special Savings for Northern California Chapter Members
Use your one-time "Member Giveback" Education Voucher for this offering and save an extra $50. Attend for just $580 when registering online by 10/13!

The discounted $630/$655/$680 Appraisal Institute member tuition fee(s) may be available to ASA and ASFMRA members depending on date of registration.



Downloads

  • Table of Contents and Overview [PDF]
  • Course Schedule [PDF]
    		•
     
      Audience    
    General appraisers who want to improve their ability to apply appraisal methods, techniques, and procedures
     
      Equipment    
  • HP12C calculator
  • You must be familiar with calculator operation when the course begins. Answers to problems in course material are shown using the HP12C. Do not come to class expecting to be taught how to use a financial calculator.
  • Free Review—Using a Financial Calculator: Formulas, Symbols, Math Review, and Sample Problems and Financial Calculator Practice Exercises
  • For additional help with the HP12C calculator, take our online seminar, Using Your HP12C Financial Calculator.
  • Labtop recommended
    		•
     
      Prerequisites    
    Successful completion of Basic Appraisal Principles, Basic Appraisal Procedures, General Appraiser Income Approach/ Part 1, General Appraiser Income Approach/ Part 2, General Appraiser Sales Comparison Approach, General Appraiser Site Valuation and Cost Approach, and General Appraiser Report Writing and Case Studies 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.

    Required
  • Uniform Standards of Professional Appraisal Practice, current ed.
  • A Guide to Appraisal Valuation Modeling
    		•
     
      For Further Reading    
    •  View Complete Registration Brochure  
    •  Advanced Applications  
    •  The Appraisal of Real Estate, 13th ed.  
    •  The Dictionary of Real Estate Appraisal, 4th ed.  
    •  Shopping Center Appraisal and Analysis  
    •  A Guide to Appraisal Valuation Modeling  
    •  Summary of MAI Designation Requirements  
     
      Disclaimer    
    Cancellation Policy
    • Up To 14 days prior to program start date, $45.00 cancellation fee.
    • 7 - 13 days prior to program start date, $65.00 cancellation fee.
    • Less than 7 days prior to program start date, forfeit of payment.
    		        

    Cancellation Policy
    Written cancellations can be faxed to the Chapter Office at 925-932-7754 or emailed to pat@norcal-ai.org. We reserve the right to substitute instructors or to cancel this program if sufficient registrations are not received by October 16. In the event of cancellation, tuition fees will be refunded. All other costs incurred are the registrant’s responsibility.

    Special Accommodations
    Special accommodations are available for individuals who have been professionally diagnosed as physically or learning disabled and can provide appropriate documentation prior to the offering. Without advanced notification, accommodation may not be available.

    Attendance Policy
    100% attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualifications Board minimum criteria requirements. A “classroom hour” is defined as 50 minutes out of each 60 minute segment. A 10-minute break per hour is allowed and a student would still meet the 100% attendance requirement. Students should not be late or leave early; if they are late or leave early, they will not receive credit.

    Program materials will be picked up at the site.
     
      Additional Information    

    Course Location
    University of Phoenix
    Downtown Oakland Campus at City Center
    1200 Clay Street (near 12th Street)
    3rd Floor
    Oakland, CA
    510/457-3301

    Course Materials and Hours
    Students registered two weeks prior to the offering will be sent their materials in advance. [Late registrants may be able to request Express Shipping for an additional fee of $15.]

    Onsite check-in will begin at 8:00a.m. on Wednesday, November 11. The course will run from 8:30a.m. – 5:00pm on November 11-14 and on November 16. [No instruction on Sunday, November 15.] The four-hour exam will be given at 8:30a.m. on Tuesday, November 17.

    Required Equipment
    An HP-12C calculator and the HP-12C calculator user’s manual are required. Students must be familiar with the calculator operations when the course begins. The in-class and homework problems and solutions will utilize this calculator exclusively. For help on using the HP-12C visit http://www.appraisalinstitute.org/education/fin_calc.aspx – Using a Financial Calculator: Formulas, Symbols, Math Review, and Sample Problems and Financial Calculator Practice Exercises. For additional assistance with the HP-12C calculator, take our online seminar, Using Your Financial Calculator.

    Required Texts (not included in tuition fee)
    NEW! The Appraisal of Real Estate, 13th ed
    Members - $75.75
    Nonmembers - $92
    Add $5.80 for advanced shipment of text

    A Guide to Appraisal Valuation Modeling
    Members - $27.25
    Nonmembers - $37.75
    Add $2.15 for advanced shipment of text

    Text prices include CA sales tax. All texts are sent via U.S. Mail or UPS. To order texts, please contact the Chapter Office at 925/932-7753 by October 16.

    Education Credit Hours
    Full (100%) attendance is required for education credit; partial credit not available.

    Appraisal Institute: Full (100%) attendance and successful completion of the course exam enables designated members to receive 40 hours of continuing education credit; 36 hours of continuing education credit for full attendance only (no exam). Partial credit is not available.

    Associate members seeking credit toward designation must attend the full course (100%) and successfully complete the course exam.

    OREA Basic/Qualifying: Advanced Applications may be used to fulfill the 30-hour “elective topic requirement” toward certification (#06754109). Full (100%) attendance and successful completion of the course exam is required. NOTE: Advanced Applications is not a substitute for any other prerequisite Certified General course.

    OREA Continuing: Advanced Applications is approved for 36 hours (#06754109) of OREA continuing education credit for licensed/certified appraisers seeking renewal credit. Full (100%) attendance is required. Successful completion of the course exam is not required for OREA CEC.

    Accommodations
    The following hotels are within walking distance (.25 mile) of the University of Phoenix - Oakland Campus (at City Center):

    Courtyard by Marriott - 510/625-8282
    988 Broadway, Oakland – www.marriott.com

    Oakland Marriott City Center - 510/451-4000
    1001 Broadway, Oakland – www.marriott.com

    Room blocks have not been secured at either of the inns listed above. Be sure to ask for the best available rate when making reservations. For additional lodging options in the Oakland area visit www.oakland.com or www.oaklandcvb.com.

    Directions, BART & Parking
    For directions visit www.mapquest.com (for best results enter complete street address).

    The UoP Oakland Campus is just a quick walk from Downtown Oakland’s City Center BART station (12th Street Station).

    Parking is available at the City Center West Garage (12th Street between MLK, Jr. Way and Jefferson Street) – enter at Jefferson Street or Martin Luther King, Jr. Way at 12th Street. CCWG early-bird rate is $12 (in before 9:30am – no “in & out”.)

    Additional parking may be available at:
    - Clay Street Garage - Clay at 14th Street
    - City Center Garage – Clay at 14th Street
    - Oakland Convention Center – Clay at 11th
    Note: Many lots accept "cash only"; rates subject to change.

    Exam Results & Express Grading
    Exam results are sent directly to you via email from our National Office in Chicago. Attendees should allow 15 working days for receipt of these results. Watch for an email from "exams@appraisalinstitute.org". The Chapter Office does not receive copies of your results. Those in need of Express Grading should complete the Express Grading Request Form (link provided below) with appropriate payment to the National Office prior to the conclusion of this offering.

    Dress in Layers
    Meeting room temperatures are often difficult to control. Therefore, for your comfort, we recommend that you dress in layers.

    •  View Complete Registration Brochure  

    •  Express Grading Request Form  

    •  View Downtown Oakland  

    •  Additional Education & Networking Events  
     

     
     
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