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Advanced Concepts & Case Studies

CALL   Date: April 15 - 20, 2013   Location: Chicago, IL
 
  Course    
Category  Other [Oth]  
Level  II  
Attendance Hours  37.0  
Exam Hours  3.0  
Current Price  $ 725.00 AI
$ 1,035.00 Full
 
  Instructor    
John H. Urubek, 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 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
    • $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.


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

    Class Schedule:
    Registration: Monday April 15, 2013 8:00a-8:30a
    Class April 15 - 19 begins at 8:30 each morning/ends at 4:30
    SATURDAY EXAM April 20th



    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