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Advanced Market Analysis and Highest & Best Use

    Date: July 29 - August 2, 2013   Location: Louisville, KY
 
  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  
Larry T. Wright, MAI, SRA  
    
 
  Location    
Name  Country Inn & Suites  
Address  1241 Kentucky Mills Rd.  
City  Louisville  
State  KY  
Zip  40299  
Phone  (502) 261-9434  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Bluegrass
Website  www.bluegrasschapter-ai.org  
Contact Name  Susan Katz  
Email  executive.director@bluegrasschapter-ai.org  
Phone  (502) 727-9181  
 
  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, $25.00 cancellation fee.
    • 7 - 14 days prior to program start date, $100.00 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/Refunds: Requests for cancellations must be received in writing at the Chapter office. Confirmed students should not assume that cancellation has been granted until a confirmation has been received. Please be sure to read "Cancellation Policy".

    The Bluegrass Chapter of the Appraisal Institute is not responsible for students' non-refundable airline reservations or other travel expenses. The Chapter reserve the right to cancel, limit, or reschedule the course and to change the faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.

    Course Attendance: 100% attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements.

    ADA Policy: If you have a disability and may require special accommodations, please notify the chapter office 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    
    Course Schedule: Sign-in 8:15 a.m. Class 8:30 a.m. - 5:00 p.m. Please review "Cancellation Policy". 100% Attendance is required for all Appraisal Institute education programs. Students should not be late or leave early. Those missing class times may not receive credit.

    Hotels in area: Country Inn & Suites, 1241 Kentucky Mills Dr. Louisville, KY (502) 261-9434 (Bluegrass Chapter rate $69.99/night);

    Jameson Inn, 1301 Kentucky Mills Dr., Louisville, KY 40299, (502) 267-8100;

    Fairfield Inn, 1220 Kentucky Mills Dr, Louisville, KY (502) 240-6171 (Bluegrass Chapter rate $85/night)

    Microtel, 1221 Kentucky Mills Dr, Louisville, KY (502) 266-6590

    Holiday Inn Express, 1620 Alliant Ave., Louisville, KY (502) 240-0035;

    Hilton Garden Inn, 1530 Alliant Ave, Louisville, KY (502) 297-8066;

    Hampton Inn, 1451 Alliant Ave. Louisville, KY (502)809-9901;

    LaQuinta Inn,1501 Alliant Avenue, Louisville, KY (502) 267-8889;

    Candlewood Suites, 11762 Commonwealth, Louisville, KY (502) 261-0085;

    Sleep Inn, 1850 Priority Way, Louisville, KY, (502) 266-6776