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Advanced Concepts & Case Studies

CALL   Date: April 1 - 6, 2013   Location: Memphis, TN
 
  Course    
Category  Other [Oth]  
Level  II  
Attendance Hours  37.0  
Exam Hours  3.0  
Current Price  $ 725.00 AI
$ 1,035.00 Full
 
  Instructor    
Don M. Emerson, MAI, SRA  
    
 
  Location    
Name  Wingate by Wyndham - Memphis  
Address  2270 North Germantown Parkway  
City  Memphis  
State  TN  
Zip  38016  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Contact Name  National Programs  
City  Chicago  
State  IL  
Zip  60606  
Email  nationalprograms@appraisalinstitute.org  
Phone  (312) 335-4207  
 
  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. Candidates for Designation 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, refund in full.
    • 7 - 14 days prior to program start date, $100.00 cancellation fee.
    • Less than 7 days prior to program start date, forfeit of payment.
    		        
    Official start date of the program is when the online session begins. It is mandatory that this session be completed. The first two hours introduce you to and prepare you for the traditional classroom sessions that follow. If it is not completed, you will not receive credit for or pass the course.

    To access the online session, sign in at www.appraisalinstitute.org and in your “My Appraisal Institute” section, locate the session and click [GO TO ONLINE COMPONENT].


    Continuing Education Credit
     This course is approved for forty (40) hours of Appraisal Institute continuing education credit. This course might not be approved in all states by the offering date. Please check with your state board for state approval information.

    Cancellations
    This confirmation will serve as your receipt. All cancellations must be submitted in writing. Confirmed students should not assume that cancellation has been granted until a confirmation has been received.

    Other Information
    If you have a disability and require accommodation, please notify the national office at least two weeks in advance and we will arrange for reasonable accommodation. The Appraisal Institute reserves the rights to cancel, limit, or reschedule the seminar and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.



    Program materials will be picked up at the site.
     
      Additional Information    
    Schedule
     Online session available 28 days before classroom session begins on March 4, 2013
     Diagnostic test "Pass" grade 14 days before classroom session begins no later than March 18, 2013
     Registration for the course ends 14 days before classroom session begins on March 18, 2013
     Online session ends 7 days before classroom session begins on March 25, 2013
     Classroom sessions begin on April 1, 2013
    Classroom sessions end on April 5, 2013
     Exam on April 6, 2013

    Class Schedule:
     Day 1: 8:00 am - 8:30 am Check In
    Day 1: 8:30 am - 5:00 pm
    Day 2: 8:30 am - 5:00 pm
    Day 3: 8:30 am - 5:00 pm
    Day 4: 8:30 am - 5:00 pm
    Day 5: 8:30 am - 5:00 pm
    Day 6: 8:00 am - 11:00 am (exam)

    Attendance Policy:
     The Appraisal Institute issues certificates for state certification/licensing or state continuing education credit that verify successful completion and attendance of 100% with your grade notification letter. Please note, if Appraisal Institute attendance records indicate attendance of less than 100%, the student certificate will reflect this and state agencies may refuse to award credit.

    Location:
     Wingate by Wyndham – Memphis
    2270 North Germantown Parkway
    Memphis, TN 38016
    http://www.wingateinnmemphis.com/
    Meeting Room: TBD For reservations: 901-386-1100


    Please note: Any rooms not secured by Saturday, March 9, 2013 will be sold at the hotel’s prevailing rate.

    Amenities: Complimentary hot continental breakfast for hotel guests, complimentary 24-hour business center, free in-room high speed internet access, complimentary parking.

    •  Wingate by Wyndham – Memphis