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Online Residential Market Analysis and Highest & Best Use

    Online Education
 
  Course    
Category  Residential [Res]  
Attendance Hours  14.0  
Exam Hours  1.0  
Current Price  $ 280.00 AI
$ 330.00 Full
 
  Instructor    
Thomas R. Kirby, MAI, SRA  
    
 
  Location    
Appraisal Institute - Online Education
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
  Appraisal Institute  
Email  OL-Help@appraisalinstitute.org  
Phone  (877) 674-2447  
 
  Description    
Overview:
This 15-hour course provides a fresh look at the relationship between market analysis and highest and best use. Discover where to find the information you need to make a highest and best use decision and how to interpret the information you find. Learn how to read and map a market area for a subject property and discover the essential links between market analysis, highest and best use analysis, and the three approaches to value (cost, sales comparison, and income capitalization). Gain practical experience by solving highest and best use problems similar to problems you might encounter in the real world. Theory is translated into practice through extensive and varied activities encouraging you to become actively involved in applying concepts to real-world situations. Successful completion of the course and exam should satisfy most states' education requirements in the content area identified as residential market analysis and highest and best use.
Note: QE 2008 Course

Do I have to take the 1-hour course exam?

You are required to complete and pass a proctored offline exam if:

  • you are taking this class to meet state qualifying education requirements
  • you are taking this class to meet the qualifying education requirements for an Appraisal Institute designation

You may be required to complete and pass a proctored offline exam if:

  • you are taking this class to meet state continuing education requirements.  Most states do not require the exam for CE credit, but please confirm this with your state licensing board.

You are not required to complete and pass a proctored offline exam if:

  • if you are taking this class to meet the continuing education requirements of an Appraisal Institute designation
You will have 90 days from the time that you complete the course to take the proctored exam. Testing center locations in your area can be found by clicking on this link: www.pearsonvue.com/ai.

Syllabus:
Module 1: What Highest and Best Use Is
Module 2: How to Test for Highest and Best Use
Module 3: How to Report Highest and Best Use Analysis
Module 4: Definitions and Overview of Relationships
Module 5: Step 1 -- Property Productivity Analysis
Module 6: Step 2 -- Market Delineation
Module 7: Steps 3 and 4 -- Supply and Demand Analysis
Module 8: Math for Market Analysis
Module 9: Market Analysis in Action
Module 10: Practical Applications in Highest and Best Use Analysis

Learning Objectives:
  • Identify how highest and best use and market analysis fit into the valuation process
  • Identify ways that market analysis is applied in the valuation process
  • Recognize major value-influencing forces in residential properties
  • Identify variables that affect the supply of residential properties
  • Apply market analysis information in a highest and best use analysis
  • Apply market analysis information in the cost, sales comparison, and income capitalization approaches to value
  • Apply market analysis information in the reconciliation to a final value opinion
  • Demonstrate how highest and best use analysis incorporates data from the cost, sales comparison, and income capitalization approaches to value
planning.org AICP members may be able to earn Certification Maintenance (CM) credits for this activity. Visit www.planning.org/cm for a list of approved offerings.

AI CE Credit for Designated members, Candidates for Designation and Practicing Affiliates
This program is approved for 1 hour of Appraisal Institute CE credit for every hour taken.
 
  Prerequisites    
Successful completion of Basic Appraisal Principles and Basic Appraisal Procedures is required.

Students requesting a waiver of the prerequisiste(s) based on educational background must sign and submit a waiver and fax the form to John Witham at 312-335-4203. 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 Appraisal of Real Estate, 13th ed.  
•  The Dictionary of Real Estate Appraisal, 5th ed.  
 
  Disclaimer    
Cancellation Policy
If you are unable to complete a seminar once it begins, you may cancel out of the seminar before the official seminar end date. Once you cancel out of a seminar, however, you must start the seminar over at the beginning in any later enrollments. You cannot be placed into the seminar where you left off before canceling.

The following tuition refund policy is in effect for canceled online seminars based on the amount of material completed in a seminar:

• Less than 25% of the seminar completed: $60 cancellation fee

• More than 25% of the seminar completed: no tuition refund

   Transfer Policy
If you wish to transfer a registration from one seminar to another, the following transfer policy applies based on the amount of material completed in a seminar:

• Less than 25% of original seminar completed:
  • First transfer allowed: no charge
  • Second transfer allowed:
     $60 charge
           (for 7 hour programs and above)
     $35 charge
           (for 6 hour programs and below)
  • Any transfer not allowed beyond two

• More than 25% of original seminar completed: no transfer allowed

If you transfer from a lower priced seminar to a higher priced seminar, you will be responsible for paying the difference using the automated online system. If you transfer from a higher priced seminar to a lower priced seminar, an appropriate tuition refund will be issued.

    
I agree to the terms and policies set forth under the Appraisal Institute Online Education Policy. I also certify that I am the person identified above under Personal Data and that I will personally complete each assigned module of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a member of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, that I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Appraisal Institute''s Code of Professional Ethics and Standard of Professional Appraisal Practice, and that such peer review proceeding may result in termination of my Appraisal Institute membership.
 
  Additional Information    
ONLINE CLASS ACCESS
Please allow 1 hour after registration to start an online session in progress (on or after the session start date). Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. You will automatically be taken to the "My Appraisal Institute" page. Near the middle of that page your course will be listed with a link next to it that says "Go To Class".

If you have any questions, please email us at OL-Help@appraisalinstitute.org.


•  http://www.appraisalinstitute.org/education/online_education.aspx  
 

Promotional Package
Save $ 358.00 AI / 423.00 Reg   Package – Online Education 150-Hours Licensed Residential Appraiser $ 1,849.00 AI
$ 2,224.00 Reg      
 
Basic Appraisal Principles Course
Details		 [G/R]   30      Appraisal Institute - Online Education                   
Basic Appraisal Procedures Course
Details		 [G/R]   30      Appraisal Institute - Online Education                   
15 Hour National USPAP Equivalent Course Course
Details		 [SPP]   15      Appraisal Institute - Online Education                   
Online Residential Market Analysis and Highest & Best Use Course
Details		 [Res]   15      Appraisal Institute - Online Education                   
Residential Site Valuation and Cost Approach Course
Details		 [Res]   15      Appraisal Institute - Online Education                   
Online Residential Sales Comparison and Income Approach Course
Details		 [Res]   30      Appraisal Institute - Online Education                   
Residential Report Writing and Case Studies Course
Details		 [Res]   15      Appraisal Institute - Online Education                   

Save $ 205.00 AI / 235.00 Reg   Package – Online Education 75-hour Licensed Residential Appraiser (Upgrade) $ 999.00 AI
$ 1,199.00 Reg      
 
Online Residential Market Analysis and Highest & Best Use Course
Details		 [Res]   15      Appraisal Institute - Online Education                   
Residential Site Valuation and Cost Approach Course
Details		 [Res]   15      Appraisal Institute - Online Education                   
Online Residential Sales Comparison and Income Approach Course
Details		 [Res]   30      Appraisal Institute - Online Education                   
Residential Report Writing and Case Studies Course
Details		 [Res]   15      Appraisal Institute - Online Education