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Advanced Concepts & Case Studies

    Date: August 26 - 31, 2013   Location: Louisville, KY
 
  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  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 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, $25.00 cancellation fee.
    • 7 - 14 days prior to program start date, $50.00 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