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Advanced Market Analysis and Highest & Best Use

FULL   Date: May 6 - 10, 2013   Location: Greensboro, NC
 
  Course    
Category  General [Gen]  
Level  II  
Attendance Hours  32.0  
Exam Hours  3.0  
Current Price  $ 675.00 AI
$ 965.00 Full
 
  Instructor    
John H. Urubek, MAI  
Larry T. Wright, MAI, SRA  
    
 
  Location    
Name  Deep River Event Center  
Address  606 Millwood School Road  
City  Greensboro  
State  NC  
Zip  27408  
Phone  (336) 542-3797  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  North Carolina
Website  www.ncappraisalinstitute.org  
Contact Name  Nancy Linton-Hall  
Email  nancy@ncappraiserinstitute.org  
Phone  (336) 297-9511  
 
  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 should 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]
    •  
      Audience    
    Candidates for Designation 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, refund in full.
    • 7 - 14 days prior to program start date, $150.00 cancellation fee.
    • Less than 7 days prior to program start date, forfeit of payment.
    		        
    Cancellations
    All cancellations must be submitted writing via e-mail at nancy@ncappraisalinstitute.org or by fax at 336-297-9055. Confirmed participants should not assume that cancellation has been granted until confirmation has been received. No refunds 7 days or less prior to event.

    The North Carolina Chapter Appraisal Institute is not responsible for students' non-refundable airline reservations or other travel costs.

    The Chapter reserves the right to cancel, limit, or reschedule the program and to change faculty assignments and facility locations at any time.

    ADA Policy
    If you have a disability and require accommodations, please notify the NC Chapter office, 336-297-9511, at least two weeks in advance and we will arrange for reasonable accommodations. We reserve the rights to cancel, limit, or reschedule the course and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any nonrefundable airline reservations.


    Program materials will be picked up at the site.
     
      Additional Information    
    Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; course equivalencies. Follow this link: http://www.appraisalinstitute.org/education/downloads/AE_FAQs_Participants.pdf

    REQUIRED DIAGNOSTIC TEST: The diagnostic test must be passed before students can register for this advanced education course. We recommend that students take the test at least 21 days before the classroom session of the course begins. Follow this link to take the free test: http://www.appraisalinstitute.org/education/AETEST.aspx. Test results will be e-mailed to participants within 7 BUSINESS days from the day the test was submitted.

    OTHER IMPORTANT INFORMATION: Follow this link for important logistical course details (i.e. required equipment, laptop, software, etc.) http://www.appraisalinstitute.org/education/course_descrb/Default.aspx?prgrm_nbr=501GD&key_type=C

    COURSE SCHEDULE & DEADLINE DATES: Prior to the first day of class, a separate 2-hour online session is required. The online session is available 28 days (4/8/13) before the classroom session begins. The online session ends 7 days (4/29/13) before the classroom session begins.

    April 8, 2013
    2-hour online session begins

    April 15, 2013
    Last day to register for and submit the diagnostic test.

    April 21, 2013
    Last day to cancel and with full refund.

    April 22, 2013
    Last day to register for the course.
    Last day to receive a "pass" confirmation on diagnostic test.

    April 22-28, 2013
    Last days to cancel registration with $150 cancel fee.

    April 29, 2013
    Last day to cancel registration with $0 refund.
    Last day to complete 2-hour online session.

    Course Materials
    Materials will be sent directly to your mailing address via UPS within four (4) weeks of the event, unless it is 10 business days or less until the event.
    Please do not forget to bring them with you to class!!

    Course Schedule
    Registration: 5/6/13: 8 a.m. -- 8:30 a.m.
    Class: 5/6-9/13 : 8:30 a.m. -- 5 p.m
    Exam: 5/10/13: 8:30 a.m. -- 11:30 a.m.

    CE Credit Approvals
    Appraisal Institute: 35 with exam hours
    NC Appraisal Board: 30 hours of CE

    Attendance Policy
    The Appraisal Institute requires full attendance (100%) at the course. If the attendance roster reflects less than 100%, it could/will show up on the roster submission to the states.

    Tuition Includes
    Course materials and breaks

    Course Location
    Deep River Event Center, 606 Millwood School Road, Greensboro, NC 27409; T 336-542-3797

    Lodging Information
    Courtyard by Marriott: (Wendover Ave.) -- Greensboro; T 336-294-3800 or 800-321-2211; Ask for the Appraisal Institute rate of $79++ per night, which includes Bistro Breakfast (a $10 value); Complimentary in room wireless; Newly renovated sleeping rooms; You may also register online at
    http://cwp.marriott.com/gsown/nccourseschedules/: Use Y8I for online booking discount code.
    Comfort Suites: (Thorndike Rd); T 336-882-6666; The Appraisal Institute Group rate is $79++ per night; Includes free Wi-Fi; full hot breakfast; manager's reception; free airport shuttle; has valet and laundry available.
    Fairfield Inn Airport: (Thorndike Rd): T 336-841-0140; The Appraisal Institute group rate is $84++ per night (King or Double); Includes complimentary hot breakfast; complimentary shuttle to airport and Deep River Event Center; Free In-room Wi-Fi and more;
    Use corporate code: Y8I if booking online: http://cwp.marriott.com/gsoap/appraisalinstitute/
    Holiday Inn Express & Suites: (Regional Rd): T 336-882-0004; The Appraisal Institute group rate is $79++ (Standard) and $99++ (King or Double Suites); Appraisal Institute Corporate Code: 100215437 for the website; Includes complimentary hot breakfast; complimentary shuttle to airport and to Deep River Event Center; Free In-room Wi-Fi; microwaves and refrigerators in most rooms; and more.
    Additional Lodging Availabilities
    Ashford Suites (soon to be Wingate by Wyndam): T 877-502-9522; 336-312-8787; Appraisal Institute rate is $74++ per night and includes a hot breakfast bar; Managers Reception: Tuesday & Wednesday each week.
    Courtyard by Marriott, GSO Airport Location: T 336-668-1090; The Appraisal Institute group rate is $99++ per night (1 King/2 Queen); without breakfast or $104++ per night with a $5.00 off breakfast voucher. Use Y8I as booking code online and register at http://www.marriott.com/hotels/travel/gsoca-courtyard-greensboro-airport/?corporateCode=Y8i&toDate=&fromDate=&app=resvlink



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