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Advanced Concepts & Case Studies

    Date: July 15 - 20, 2013   Location: Greensboro, NC
 
  Course    
Category  Other [Oth]  
Level  II  
Attendance Hours  37.0  
Exam Hours  3.0  
Current Price  $ 725.00 AI
$ 1,035.00 Full
 
  Instructor    
William D. Otto Spence, 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@ncappraisalinstitute.org  
Phone  (336) 297-9511  
 
  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 note Designated Members and Candidates for Designation will receive the discounted AI Price for Advanced Education courses: Advanced Income Capitalization, Advanced Market Analysis and Highest and Best Use, Advanced Concepts and Case Studies, and Quantitative Analysis. All others will receive the Full Price.
For more information on how to become a Candidate for Designation, click here.

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, $50.00 cancellation fee.
    • 7 - 14 days prior to program start date, $150.00 cancellation fee.
    • Less than 7 days prior to program start date, forfeit of payment.
    		       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, you will automatically be charged a $25.00 fee and you may keep the material. Once the fee is charged, your refund will be processed. Material returns are no longer accepted. Contact the offering sponsor for more information.
    • Cancel Offering, $25.00 material fee.
    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. Prospective students should confirm their registration before making any nonrefundable airline reservations.

    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.


    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.
     
      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 (6/17/13) before the classroom session begins. The online session ends 7 days (7/8/13) before the classroom session begins.

    June 17, 2013
    2-hour online session begins

    June 24, 2013
    Last day to register for and submit the diagnostic test.

    June 30, 2013
    Last day to cancel and with refund less $30.

    July 1, 2013
    Last day to register for the course.
    Last day to receive a "pass" confirmation on diagnostic test.

    July 1-7, 2013
    Last days to cancel registration with $150 cancel fee.

    July 8, 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: 7/15/13: 8 a.m. -- 8:30 a.m.
    Class: 7/15-19/13 : 8:30 a.m. -- 5 p.m
    Exam: 7/20/13: 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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