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Advanced Concepts & Case Studies

CALL   Date: January 24 - 30, 2013   Location: Kent, WA
 
  Course    
Category  Other [Oth]  
Level  II  
Attendance Hours  37.0  
Exam Hours  3.0  
Current Price  $ 725.00 AI
$ 1,035.00 Full
 
  Instructor    
Gary S. DeWeese, MAI  
    
 
  Location    
Name  Hawthorn Suites  
Address  6329 S 212th Street  
City  Kent  
State  WA  
Zip  98032  
Phone  (253) 395-3800  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Seattle
Website  ai-seattle.org  
Contact Name   Darcy Galvan  
Email  aisea@qwestoffice.net  
Phone  (206) 622-8425  
 
  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, $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 materials will be picked up at the site.
     
      Additional Information    
    A brief diagnostic test covering spreadsheet skills MUST be taken BEFORE registering for your first course in the new Advanced Education format.
    CLICK HERE TO TAKE THE DIAGNOSTIC TEST    (about 15 minutes)

    CLICK HERE to read the full FAQs regarding new deadlines, mandatory diagnostic test, online session, and other important information.

    Please note that a laptop with spreadsheet programs is part of the REQUIRED equipment for this course.

    THE SCHEDULE
    Please read carefully! The schedule covers registration and completion deadlines. There are NO EXCEPTIONS to deadlines.
    • December 27 - Course's online session available (28 days before classroom session begins).
    • January 3 - Last day to register for and submit diagnostic test (21 days before classroom session begins)
    • January 10 - Last day to receive diagnostic test "Pass" grade (14 days before classroom session begins).
    • January 10 - Registration for the course ends (14 days before classroom session begins).
    • January 17 - Course's online session ends (7 days before classroom session begins).
    Classroom session begins January 24
    • January 24 - Registration: 8:00-8:30AM
    • January 24-26 - Class: 8:30-4:30PM
    • January 27 - NO CLASS
    • January 28-29 - Class: 8:30AM-4:30PM
    • January 30 - Exam: 8:00-11:00AM
    Education Credit
    Approved for 40 hours (2 online, 35 classroom, 3-hour exam) of continuing education credit from the Appraisal Institute. Approved for 38 hours of continuing education credit from WA State. (35 classroom, 3-hour exam, 2 online pre-classroom hours. Pre-classroom hours not approved by WA State).

    Attendance Requirements
    100% attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualifications Board minimum criteria requirements. A “classroom hour” is defined as 50 minutes out of each 60 minute segment. A 10-minute break per hour is allowed and a student would still meet the 100% attendance requirement. Students should not be late or leave early; if they are late or leave early, they will not receive credit.

    Hotel Accommodations
    To make reservations, call the Hawthorn Suites in Kent at (253)395-3800. Please mention the Appraisal Institute to receive the preferred rate. Shuttle service is provided to and from SeaTac Airport.

    NOTE: If you have a disability and require accommodation, please notify the Appraisal Institute’s Seattle Chapter in writing at least two weeks in advance and we will arrange for reasonable accommodations. We reserve the right to cancel, limit, or reschedule the course and change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.