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Advanced Market Analysis and Highest & Best Use

CALL   Date: April 15 - 19, 2013   Location: Philadelphia, PA
 
  Course    
Category  General [Gen]  
Level  II  
Attendance Hours  32.0  
Exam Hours  3.0  
Current Price  $ 675.00 AI
$ 965.00 Full
 
  Instructor    
Richard L. Parli, MAI  
    
 
  Location    
Name  Real Estate Institute at Temple University  
Address  1515 Market Street  
City  Philadelphia  
State  PA  
Zip  19102  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Philadelphia Metropolitan
Website  www.aiphilametro.org  
Contact Name  Tiffany L. Lewis  
Email  contact@aiphiametro.org  
Phone  (610) 326-0100  
 
  Description    

The 35-hour Advanced Market Analysis and Highest & Best Use course implements a blended learning approach, which includes a pre-class, two-hour onlinesession combined with 30 hours of traditional classroom education and wraps up with a three-hour exam on the fifth morning.

Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; course equivalencies. Click here.

COURSE DESCRIPTION

Combining the analytical processes of market analysis, highest and best use, and income valuation, this course is intended for those who have taken and passed the General Appraiser Market Analysis and Highest & Best Use course and have a thorough understanding of the mathematical and financial principles necessary to perform appraisals of income-producing properties.

Building on the Level B marketability studies that were applied in General Appraiser Market Analysis and Highest & Best Use, you will perform Level C marketability studies using fundamental demand analysis and study several real estate markets in a fictional city.

The economic base of the community is explored, and it is used as the subject and example for both physical and economic forces that affect all communities and consequently all real estate.

The remainder of the course consists of four case studies (apartment and condominium conversion, retail, industrial, and land with potential for mixed-use development) that are intended to demonstrate both the power of fundamental market analysis and its application to highest and best use decisions.

Note. Because this course builds on concepts learned in the Appraisal Institute’s General Market Analysis & Highest and Best Use course, it is HIGHLY recommended that you take the Appraisal Institute’s General Market Analysis & Highest and Best Use course before you take this advanced course.

By taking both courses, you will gain a solid knowledge base of market analysis and highest and best use concepts. If you elect only to take this course, be advised that you’ll need to factor in additional study time to learn the general concepts presented in the previous course.

Required Text



Downloads
  • Table of Contents and Overview [PDF]
  • Course Schedule [PDF]
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      Audience    
    Associates working on MAI designations,
    MAIs who want to further market analysis/highest & best use knowledge and skill base
     
      Equipment    
     
      Prerequisites    
    Required:

    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.  
    •  Shopping Center Appraisal and Analysis  
    •  Valuation of Apartment Properties  
     
      Disclaimer    
    Cancellation Policy
    • Up To 15 days prior to program start date, $50.00 cancellation fee.
    • 7 - 14 days prior to program start date, $125.00 cancellation fee.
    • Less than 7 days prior to program start date, forfeit of payment.
    		        


    ENROLLMENT POLICY: Your enrollment form and payment by check or online registration must be received by the chapter office at least 10 business (10) days prior to the start of the course to avoid a late charge. Any forms received within 9 business days or less of the first day of class will pay an additional $50.00. We do not accept walk-in students. ATTENDANCE POLICY. Please be aware that the Appraisal Institute enforces the 100% attendance requirements mandated by the Appraisal Foundation and state regulatory agencies. If you do not attend 100% of the course or seminar, you will receive a notice with your examination results from the Appraisal Institute stating that you have not met the attendance requirement. You must sit for the exam on exam day, pass the exam, and attend all classes to receive a certificate of completion. Pennsylvania State Appraisal Board requires 100% attendance and a passing grade on the exams. Partial credit not awarded. If you have a disability and may require some form of accommodation, please notify us in writing at least 2 weeks in advance and we will arrange for reasonable accommodation.

    Program materials will be picked up at the site.