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Advanced Applications

    Date: January 25 - 30, 2010   Location: Bountiful, UT
 
  Course    
Category  Other [Oth]  
Level  II  
Attendance Hours  36.0  
Exam Hours  4.0  
Current Price  $ 625.00 Designated *
$ 675.00 Member *
$ 725.00 Regular *
* SAVE! early registration
 
  Instructor    
Kerry M. Jorgensen, MAI  
James D. Vernor, PhD, MAI  
    
 
  Location    
Name  Country Inn & Suites  
Address  999 North 500 West  
City  Bountiful  
State  UT  
Zip  84010  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Utah
Website  www.ai-utah.com  
Contact Name  Sheri Zaugg  
Email  execdir@ai-utah.com  
Phone  (801) 294-6715  
Fax  (801) 294-6716  
 
  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

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; Symbols and Formulas, Capitalization Selection Tree, and Sample Problems; and Financial Calculator Practice Exercises
  • For additional help with the HP12C calculator, take our online seminar, Using Your HP12C Financial Calculator.
  • Laptop 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.
  • The Appraisal of Real Estate, 13th ed.
  • A Guide to Appraisal Valuation Modeling
    •  
      For Further Reading    
    •  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  
     
      Disclaimer    
    Cancellation Policy
    • Up To 15 days prior to program start date, $50.00 cancellation fee.
    • 7 - 14 days prior to program start date, $50.00 cancellation fee.
    • Less than 7 days prior to program start date, forfeit of payment.
    		   Transfer Policy
    • Up To 15 days prior to program start date, $25.00 transfer fee.
    • 7 - 14 days prior to program start date, $25.00 transfer fee.
    • Less than 7 days prior to program start date, no transfer allowed.
    		   Program Material Policy

    Beginning 4 weeks before the offering start date, program material will be shipped directly to the student. If this material has been shipped and you request a registration cancellation, a call tag will be issued for the return of this material. A registration refund will not be issued until the material has been returned.


    Program materials will be shipped directly to the student. If you do not receive your materials within 5 days before the offering start date, please call the sponsor to inform them.
     

     
     
    The Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and
    conducts its activities in accordance with federal, state and local laws.
    Copyright © Appraisal Institute.
    All rights reserved.