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Advanced Concepts & Case Studies

CALL   Date: November 8 - 14, 2012   Location: Aurora, CO
 
  Course    
Category  Other [Oth]  
Level  II  
Attendance Hours  37.0  
Exam Hours  3.0  
Current Price  $ 725.00 AI
$ 825.00 Full
 
  Instructor    
Nelson Bowes, MAI  
Harold S. McCloud, MAI  
    
 
  Location    
Name  Summit Conference and Event Center  
Address  411 Sable Blvd.  
City  Aurora  
State  CO  
Zip  80011  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Colorado
Website  www.colo-ai.org  
Contact Name  Sherry Engleberg  
Email  cochap@colo-ai.org  
Phone  (303) 691-0487  
 
  Description    
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 review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; course equivalencies. Click here.

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.


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. Associate Members who are working on MAI designations.
     
      Equipment    
     
      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.
     
      For Further Reading    
    •  The Dictionary of Real Estate Appraisal, 5th ed.  
    •  The Appraisal of Real Estate, 13th ed.  
    •  Market Analysis for Real Estate: Concepts and Applications in Valuation and Highest and Best Use  
    •  Valuation of Apartment Properties  
    •  Subdivision Analysis  
    •  Shopping Center Appraisal and Analysis   
    •  The Valuation of Office Properties  
     
      Disclaimer    
    Cancellation Policy
    • Up To 15 days prior to program start date, $50.00 cancellation fee.
    • 2 - 14 days prior to program start date, $100.00 cancellation fee.
    • Less than 2 days prior to program start date, forfeit of payment.
    		        
    Cancellation/Refunds: Requests for cancellation must be received in writing at the Chapter Office. Confirmed students should not assume that a cancellation has been granted until a confirmation has been received. Direct your e-mail requests to cochap@colo-ai.org. Event Cancellation: The Colorado Chapter reserves the right to cancel any event, course or seminar if the minimum enrollment level is not reached. Prospective students should confirm their registration before making any non-refundable airline reservations. Attendance: The Appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies. The Appraisal Institute issues certificates for state certification/licensing or state continuing education that verify successful completion and attendance of 100% at the completion of the course or seminar. Please note: If Appraisal Institute records indicate attendance of less than 100%, the student’s certificate will reflect this, and state agencies may refuse to award credit. ADA Policy: If you have a disability and may require some accommodation at any event, please notify us in writing at least 2 weeks in advance and we will arrange for reasonable accommodations. PROGRAM MATERIALS: 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. Beginning 4 weeks before the offering start date, program material will be shipped directly to the student. IF YOUR COURSE MATERIALS WERE SENT DIRECTLY TO YOU, PLEASE MAKE SURE YOU BRING THEM WITH YOU TO CLASS EACH DAY.

    Program materials will be picked up at the site.
     
      Additional Information    
    REGISTRATION FOR THE COURSE ENDS OCTOBER 25, 2012.

    The online session is available October 11, 2012. You will receive your diagnostic "pass" grade by October 25, 2012. The online session ends November 1, 2012.

    COURSE SCHEDULE:
    REGISTRATION AND MATERIALS DISTRIBUTION - 7:30 am - 8:00 am
    Continental breakfast is included.
    COURSE LECTURE - 8:00 am - 5:00 pm - NOVEMBER 8
    COURSE LECTURE - 8:00 am - 5:00 pm - NOVEMBER 9
    COURSE LECTURE - 8:00 am - 5:00 pm - NOVEMBER 10
    ************NO CLASS - NOVEMBER 11**************
    COURSE LECTURE - 8:00 am - 5:00 pm - NOVEMBER 12
    COURSE LECTURE - 8:00 am - 5:00 pm - NOVEMBER 13
    EXAMINATION - 8:00 am - 12:00 pm - NOVEMBER 14

    CERTIFICATES OF COMPLETION will be e-mailed within five (5) BUSINESS days after the completion of the course.

    LOCATION:
    THE SUMMIT CONFERENCE & EVENT CENTER
    411 SABLE BLVD.
    AURORA, CO 80011

    LODGING SUGGESTIONS:
    COUNTRY INN AND SUITES BY CARLSON, DENVER INTERNATIONAL AIRPORT
    4343 N. AIRPORT WAY
    DENVER, CO 80239
    1.800.830.5222
    SPECIAL RATE: $84.00 per night
    http://www.countryinns.com/thesummit

    DOUBLETREE BY HILTON HOTEL DENVER, AURORA
    13696 EAST ILIFF PLACE
    AURORA, CO 80014-1319
    1.303.337.2800
    SPECIAL RATE: $89.00 per night, Corporate Code: 0002765544
    https://secure3.hilton.com/en_US/dt/reservation/book.htm?execution=e2s1

    FOR HOTEL TRANSPORTATION SERVICES, PLEASE VERIFY THAT THE HOTEL YOU ARE STAYING IN WILL PROVIDE SHUTTLE SERVICE TO AND FROM THE SUMMIT CONFERENCE & EVENT CENTER.