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Advanced Market Analysis and Highest & Best Use

CALL   Date: February 11 - 15, 2013   Location: Chicago, IL
 
  Course    
Category  General [Gen]  
Level  II  
Attendance Hours  32.0  
Exam Hours  3.0  
Current Price  $ 675.00 AI
$ 965.00 Full
 
  Instructor    
William D. Otto Spence, MAI  
    
 
  Location    
Name  Chicago Chapter Education Center  
Address  205 W. Wacker Drive  
   Suite 202  
City  Chicago  
State  IL  
Zip  60606  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Chicago
Website  www.ccai.org  
Contact Name  LA Anderson  
Email  la@ccai.org  
Phone  (312) 616-9406  
 
  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]
    •  
      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 14 days prior to program start date, $150.00 cancellation fee.
    • 7 - 13 days prior to program start date, $150.00 cancellation fee.
    • Less than 7 days prior to program start date, forfeit of payment.
    		        
    ADVANCED EDUCATON - VERY IMPORTANT STUDENTS
    PLEASE READ CAREFULLY!
    To allow enough time for you to complete the required online session, course registration will be cut off on the 14th day before the classroom session begins. Please see additional deadlines below and the costs for cancellation.

    IMPORTANT DEADLINES FOR AE

    Official FIRST day of course - day online session begins 28 days BEFORE the classroom session begins

    Last day to register for & submit the Diagnostic Test*** 21 days BEFORE the classroom session begins

    Last day to receive a "PASS" confirmation on Diagnostic Test 14 days BEFORE the classroom session begins

    Last day to register for the course 14 days BEFORE the classroom session begins

    Last day to cancel registration with full refund 15 days BEFORE the classroom session begins

    Last day to cancel registration with $150 cancellation fee 14 days BEFORE the classroom session begins

    Last day to cancel registration with ZERO -0- refund 7 days or less BEFORE the classroom session begins

    Last day to complete online session 7 days BEFORE the classroom session begins

    PLEASE NOTE: there will be NO exceptions to these rules above for registration or cancelling ALL ADVANCED EDUCATION COURSES!!!!!!!!!!!


    The Chicago Chapter enforces the attendance requirements as mandated by the State of Illinois and the AQB. There is a 100% attendance policy, if you are late, you will not receive credit. If you are late the first day of the course, you may stay in class but you will not receive credit. Registration begins at 8:00 am for every course. Each course begins promptly at 8:30 am each day.

    Program Material Policy Beginning four weeks before the course start date, program materials will be shipped to the student. Standard ground shipping is INCLUDED in the tuition price. HOWEVER, ADDITIONAL CHARGES are added for express shipping. These charges will be reflected in late registration.

    YOU MUST MEET THE DEADLINES INDICATED ABOVE TO ATTEND THIS COURSE!

    Program materials will be picked up at the site.
     
      Additional Information    
    THERE WILL BE NO TRANSFERS ON ADVANCED EDUCATION TO ANOTHER OFFERING

    Class Schedule:
    Registration: Monday, February 11, 2013 8:00a-8:30a
    Class Feb 11-15 begins at 8:30 each morning/ends at 4:30

    CHICAGO IS A VERY BUSY CITY....MAKE YOUR RESERVATIONS EARLY!!!!!!!!!!
    HOTEL INFO: We have a corporate rate at the Holiday Inn Mart Plaza, right across the street from the chapter office.
    Call Molly at 312.529.1117 and tell her you’re a student with the Chicago Chapter and she will make your reservation for you.

    Please contact Jennifer Jennifer@ccai.org 312.616.9400 or LA LA@ccai.org
    if you have any questions or need assistance.

    CCAI office: 312.616.9400 FX: 312.616.9404