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    Advanced Concepts & Case Studies

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    October 21-31, 2024
    Date
    October 21-31, 2024
    Sponsor
    Appraisal Institute
    Location
    Appraisal Institute - Synchronous (Live Online)
    Instructor
    Kerry M. Jorgensen, MAI
    Class Time
    35 hours
    Exam Time
    3 Hours
    Full Price
    $1,400.00
    AI Price
    $1,050.00
    Enroll by October 31!
    View Pricing Options
    Course Description
    This course synthesizes the three approaches to value, examines their applications, and helps you apply basic and advanced valuation techniques. Case studies teach you 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 all the conclusions 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, participants must review all four advanced education courses, as well as basic concepts from qualifying education for certified general real property appraisers.
    Who Should Enroll
    • General real property appraisers who want to improve their ability to apply appraisal methods, techniques, and procedures
    • Candidates for Designation who are working toward an MAI designation
    AI CE Points
    Attend:
    275
    Attend & Pass Exam:
    375
    Pass Only:
    325
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 37 37 Synchronous Synchronous 01/24/2022 07/26/2024 18657
    AK QE 40 37 3 Synchronous Synchronous 01/24/2022 07/26/2024 18657
    AL CE 37 37 Synchronous Synchronous 10/01/2022 09/30/2024 C02660
    AL QE 40 37 3 Synchronous Synchronous 10/01/2022 09/30/2024 C02660
    AR CE 38 35 3 Synchronous Synchronous 11/20/2023 11/19/2025
    AR QE 38 35 3 Synchronous Synchronous 11/20/2023 11/19/2025
    AZ CE 38 35 3 Synchronous Synchronous 08/16/2023 08/16/2026 74437
    AZ QE 38 35 3 Synchronous Synchronous 08/16/2023 08/16/2026 74437
    CA CE 37 37 Synchronous Synchronous 11/18/2023 08/26/2026 10754207
    CA QE 40 37 3 Synchronous Synchronous 11/18/2023 08/26/2026 10754207
    CO CE 38 35 3 Synchronous Synchronous 07/27/2021 08/16/2026
    CO QE 38 35 3 Synchronous Synchronous 07/27/2021 08/16/2026
    CT CE 18 18 Synchronous Synchronous 08/25/2021 07/26/2024 AAL.000813
    CT QE 40 37 3 Synchronous Synchronous 08/25/2021 07/26/2024 APR.000216
    DC CE 35 35 Synchronous Synchronous 02/29/2024 02/28/2026 3989
    DC QE 38 35 3 Synchronous Synchronous 02/29/2024 02/28/2026 3889
    DE CE 38 35 3 Synchronous Synchronous 08/16/2023 08/16/2026 74437
    DE QE 38 35 3 Synchronous Synchronous 08/16/2023 08/16/2026 74437
    FL CE 20 20 Synchronous Synchronous 07/12/2023 11/21/2024 0010455
    FL QE 30 30 Synchronous Synchronous 12/27/2022 11/21/2024 0010456
    GA CE 38 35 3 Synchronous Synchronous 01/01/2024 08/16/2026
    GA QE 38 35 3 Synchronous Synchronous 01/01/2024 08/16/2026 60542
    HI CE 40 37 3 Synchronous Synchronous 01/01/2024 12/31/2024 23-460
    HI CE 37 37 Synchronous Synchronous 01/01/2024 12/31/2024 23-460
    HI QE 40 37 3 Synchronous Synchronous 01/01/2024 12/31/2024 23-460
    IA CE 37 37 Synchronous Synchronous 10/13/2015 07/26/2024 A518-768
    IA CE 37 37 Synchronous Synchronous 07/27/2024 08/16/2026 A518-1144
    IA QE 40 37 3 Synchronous Synchronous 07/16/2021 07/26/2024 A518-769
    IA QE 40 37 3 Synchronous Synchronous 07/27/2024 08/16/2026 A518-1145
    ID CE 37 37 Synchronous Synchronous 10/08/2021 07/26/2024
    ID CE 38 35 3 Synchronous Synchronous 07/27/2024 08/16/2026
    ID QE 40 37 3 Synchronous Synchronous 02/07/2022 07/26/2024 11103
    ID QE 38 35 3 Synchronous Synchronous 07/27/2024 08/16/2026
    IL CE 37 37 Synchronous Synchronous 01/01/2023 12/31/2024 575.010018
    IL QE 40 37 3 Synchronous Synchronous 01/01/2023 12/31/2024 573.000637
    IN CE 38 35 3 Synchronous Synchronous 08/16/2023 08/16/2026 74437
    IN QE 38 35 3 Synchronous Synchronous 08/16/2023 08/16/2026 74437
    KS CE 35 35 Synchronous Synchronous 01/01/2024 12/31/2024 155.C24.R
    KS QE 38 35 3 Synchronous Synchronous 01/01/2024 12/31/2024 292.P24.R
    KY CE 38 35 3 Synchronous Synchronous 07/01/2023 06/30/2024
    KY CE 35 35 Synchronous Synchronous 07/01/2024 05/30/2025
    KY QE 38 35 3 Synchronous Synchronous 07/01/2023 06/30/2024
    KY QE 38 35 3 Synchronous Synchronous 07/01/2024 05/30/2025
    LA CE 37 37 Synchronous Synchronous 08/17/2023 08/16/2026 A0186
    LA QE 40 37 3 Synchronous Synchronous 08/17/2023 08/16/2026 A0186
    MA CE 35 35 Synchronous Synchronous 07/27/2023 08/16/2026 10051203
    MA QE 38 35 3 Synchronous Synchronous 08/17/2023 08/16/2026 10051235
    MD CE 38 35 3 Synchronous Synchronous 08/16/2023 08/16/2026 74437
    MD QE 38 35 3 Synchronous Synchronous 08/16/2023 08/16/2026 74437
    ME CE 38 35 3 Synchronous Synchronous 08/16/2023 08/16/2026 74437
    ME QE 38 35 3 Synchronous Synchronous 08/16/2023 08/16/2026 74437
    MI CE 37 37 Synchronous Synchronous 08/30/2022 07/26/2024 3522
    MI CE 35 35 Synchronous Synchronous 09/05/2023 09/05/2026 20 - 1103366
    MI QE 40 37 3 Synchronous Synchronous 08/30/2022 07/26/2024 3522
    MI QE 38 35 3 Synchronous Synchronous 08/17/2023 11/20/2026 20 - 1107054
    MN CE 40 37 3 Synchronous Synchronous 01/01/2024 10/31/2024 1032536
    MN CE 37 37 Synchronous Synchronous 01/01/2024 10/31/2024 1032537
    MN QE 40 37 3 Synchronous Synchronous 05/01/2024 11/30/2025 1019541
    MO CE 35 35 Synchronous Synchronous 06/12/2023 08/16/2026
    MO QE 38 35 3 Synchronous Synchronous 06/12/2023 08/16/2026
    MS CE 35 35 Synchronous Synchronous 07/29/2023 07/27/2025 MAB#49815
    MS QE 38 35 3 Synchronous Synchronous 07/30/2023 07/27/2025 MAB#49815
    MT CE 38 35 3 Synchronous Synchronous 01/01/2022 06/13/2026 REA-CEC-REC-16800
    MT QE 38 35 3 Synchronous Synchronous 01/01/2022 06/13/2026 REA-CEC-REC-16800
    NC QE 40 37 3 Synchronous Synchronous 01/01/2024 12/31/2024
    ND CE 40 37 3 Synchronous Synchronous 10/30/2015
    ND CE 38 35 3 Synchronous Livestream 01/01/2022 CE-201031
    ND CE 35 35 Synchronous Livestream 01/01/2022
    ND CE 38 35 3 Synchronous Synchronous 05/08/2024 08/16/2026 QE-221014
    ND QE 40 37 3 Synchronous Synchronous 08/21/2021 07/26/2024 QE-221014S
    ND QE 35 32 3 Synchronous Livestream 01/01/2022
    ND QE 38 35 3 Synchronous Synchronous 05/08/2024 08/16/2026 QE-221014
    NE QE 38 35 3 Synchronous Synchronous 08/16/2023 08/16/2026 74437
    NH CE 38 35 3 Synchronous Synchronous 10/16/2015 07/26/2024
    NH QE 38 35 3 Synchronous Synchronous 08/17/2023 07/26/2024
    NJ CE 38 35 3 Synchronous Synchronous 08/17/2023 08/16/2026 2023-3428
    NJ QE 38 35 3 Synchronous Synchronous 08/17/2023 08/16/2026 2023-3428
    NM CE 40 37 3 Synchronous Synchronous 03/05/2021 07/26/2024 1858
    NM CE 38 35 3 Synchronous Synchronous 07/27/2024 08/16/2026 4424
    NM QE 40 37 3 Synchronous Synchronous 03/05/2021 07/26/2024 1858
    NM QE 38 35 3 Synchronous Synchronous 07/27/2024 08/16/2026 4424
    NV CE 35 35 Synchronous Synchronous 11/01/2023 10/31/2024 CE.0009498-A
    NV QE 38 35 3 Synchronous Synchronous 10/01/2023 09/30/2024 PL.0008418
    NY CE 35 35 Synchronous Synchronous 01/01/2024 12/31/2024 A4424-28
    OH CE 35 35 Synchronous Synchronous 02/20/2024 12/31/2024 084400104A 22
    OH CE 38 35 3 Synchronous Synchronous 02/20/2024 12/31/2024 084400104A 22
    OH QE 38 35 3 Synchronous Synchronous 11/12/2015
    OH QE 38 35 3 Synchronous Synchronous 08/16/2023 08/16/2026 74437
    OK CE 37 37 Synchronous Synchronous 02/16/2022 07/26/2024 877
    OK QE 40 37 3 Synchronous Synchronous 08/05/2021 07/06/2024 671
    OK QE 38 35 3 Synchronous Synchronous 07/07/2024 08/16/2026 671
    OR CE 38 35 3 Synchronous Synchronous 07/27/2024 08/16/2026 APIN-Q-0424-9031
    OR CE 40 37 3 Synchronous Synchronous 08/25/2021 07/26/2024 APIN-Q-0821-8894
    OR QE 40 37 3 Synchronous Synchronous 08/25/2021 07/26/2024 APIN-Q-0821-8894
    OR QE 38 35 3 Synchronous Synchronous 07/27/2024 08/16/2026 APIN-Q-0424-9031
    PA CE 37 37 Synchronous Synchronous 08/13/2021 07/26/2024
    PA QE 40 37 3 Synchronous Synchronous 08/13/2021 07/26/2024
    PR CE 38 35 3 Synchronous Synchronous 08/16/2023 08/16/2026 74437
    PR QE 38 35 3 Synchronous Synchronous 08/16/2023 08/16/2026 74437
    RI CE 35 35 Synchronous Synchronous 08/17/2023 07/26/2024 REA.0002039-CE
    RI CE 37 37 Synchronous Synchronous 08/17/2023 07/26/2024
    RI CE 35 35 Synchronous Synchronous 07/27/2024 08/16/2026 REA.0002200-CE
    RI QE 38 35 3 Synchronous Synchronous 07/27/2021 07/26/2024 REA.0002039-CE
    RI QE 38 35 3 Synchronous Synchronous 07/27/2024 08/16/2026 REA.0002200-CE
    SC CE 40 37 3 Synchronous Synchronous 09/01/2022 08/31/2024 DE1517
    SC QE 38 35 3 Synchronous Synchronous 09/01/2022 08/31/2024 AC .1145
    SD QE 38 35 3 Synchronous Synchronous 01/05/2022 01/05/2025 SD 612
    TN CE 37 37 Synchronous Synchronous 09/01/2022 10/31/2024 1437
    TN QE 40 37 3 Synchronous Synchronous 09/01/2022 10/31/2024 1437
    TX CE 38 35 3 Synchronous Synchronous 10/01/2023 08/16/2025 TX Provider #:10 Course #: 43945
    TX QE 38 35 3 Synchronous Synchronous 08/17/2023 08/16/2026 TX Provider #: 8038 Course #: 34718
    UT CE 37 37 Synchronous Synchronous 03/01/2024 02/28/2026 AC240210
    UT QE 38 35 3 Synchronous Synchronous 04/01/2024 06/30/2025 AQ230628
    VA CE 38 35 3 Synchronous Synchronous 08/16/2023 08/16/2026 74437
    VA QE 40 37 3 Synchronous Synchronous 06/16/2022 06/30/2024 4006000795
    VA QE 40 37 3 Synchronous Synchronous 07/01/2024 08/16/2026
    VT CE 38 35 3 Synchronous Synchronous 08/03/2021 07/10/2027
    VT QE 38 35 3 Synchronous Synchronous 08/03/2021 07/10/2027
    WA CE 35 35 Synchronous Synchronous 03/08/2024 08/16/2026 A24005445
    WA QE 38 35 3 Synchronous Synchronous 03/08/2024 08/16/2026 A24005445
    WI CE 38 35 3 Synchronous Synchronous 08/16/2023 08/16/2026 74437
    WI QE 38 35 3 Synchronous Synchronous 08/16/2023 08/16/2026 74437
    WV CE 37 37 Synchronous Synchronous 02/03/2022 07/26/2024
    WV CE 37 37 Synchronous Livestream 02/03/2022 07/26/2024
    WV CE 38 35 3 Synchronous Synchronous 07/27/2024 08/16/2026
    WV QE 40 37 3 Synchronous Synchronous 02/03/2022 07/26/2024
    WV QE 40 37 3 Synchronous Livestream 02/03/2022 07/26/2024
    WV QE 38 35 3 Synchronous Synchronous 07/27/2024 08/16/2026
    WY CE 40 37 3 Synchronous Synchronous 08/31/2021 07/26/2024
    WY CE 40 37 3 Synchronous Synchronous 07/27/2024 08/16/2026
    WY QE 40 37 3 Synchronous Synchronous 08/31/2021 07/26/2024
    WY QE 40 37 3 Synchronous Synchronous 07/27/2024 08/16/2026
    Course Objectives
    • Develop and reconcile the cost, income capitalization, 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 the cost, income capitalization, 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 the cost, income capitalization, and sales comparison approaches for a property in a market not at equilibrium.
    • Conduct inferred and fundamental analysis based on data provided in case studies.
    • Develop and reconcile the cost, income capitalization, and sales comparison approaches for a subdivision.
    Course Details

    Assignments:
    Yes. A pre-class, 2-hour online session.

    Equipment:

    • A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
    • You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.
    • For more information and a free review, click here.
    • For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.
    • HP-12C calculator User's Manual.

    Additional Information:

    Course Materials Include:
    • Course Handbook (513 pp.)
    • Solutions Booklet (110 pp.)
    • Case Study Booklet (86 pp.)
    • Self-Study Problems (40 pp.)
    Course Design
    This course implements a blended learning approach which includes:
    • Mandatory diagnostic test. Before enrolling in this or any other MAI designation course, you must take an Excel diagnostic to demonstrate your mastery of solving appraisal problems using spreadsheets. The diagnostic is intentionally designed to be challenging and ensure participants have adequate Excel skills before taking MAI designation courses.  The diagnostic test is free and can be taken at any time on your personal computer. To register for the test, please click here. For more information, check out the Diagnostic FAQ.

    • A pre-class, on demand (self-paced) online session component. The on demand component is available beginning 28 days before the live online (synchronous) course begins.  The online component requires the completion of a pre-class assignment at least 2 days before the live online (synchronous) course begins.

    • 30 hours of live online (synchronous) education. Each live online session runs for 4.0 hours each day with at least 2 breaks during that time. The course runs for 8 half-days (Monday – Thursday) over 2 weeks.

    • A 3-hour proctored exam at an offline testing center. 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.

    Pricing
    Appraisal Institute Designated members, Candidates for Designation, and Practicing Affiliates will receive the discounted AI Price for MAI Designation education courses: Advanced Income CapitalizationAdvanced Market Analysis and Highest & Best UseAdvanced Concepts & Case Studies, and Quantitative Analysis. All others will pay full price. For more information on how to become a Candidate for Designation, click here

    Other Details
    Please review the FAQs
    for more information regarding registration and cancellation deadlines, the mandatory diagnostic test, on demand online session component, and course equivalencies.

     

    Requirements:

    Live Online FAQ

    • Microsoft Excel 2007 or 2010 must be loaded and operational (external mouse recommended). (You may use other spreadsheet programs, but those programs won’t be supported in class; demonstrations will be done in Excel.)
    • Do not enroll expecting to be taught how to use Excel. 

    Additional Course Offerings
    Sponsor Date Location Format
    San Diego Chapter August 5-10, 2024 San Diego, CA Classroom View Details Register
    Massachusetts Rhode Island and Maine Chapter August 19-23, 2024 Woburn, MA Classroom View Details Register
    Bluegrass Chapter September 9-14, 2024 Louisville, KY Classroom View Details Register
    Event Information

    Location:
    This course will be held via live interactive classroom technology. 

     

    State Credit:
    A course may NOT be approved in every state for every delivery format. For example, some states do NOT allow any virtual education. When registering for any Appraisal Institute course, all participants will be required to check state approvals based on delivery formatFor more information, see our state approvals page.

     

    Course Dates and Deadlines:

    • Online session is available beginning 28 days before the synchronous session begins: September 23, 2024.
    • Diagnostic test "Pass" grade deadline is 5 days before the synchronous session begins: No later than October 16, 2024.
    • Registration deadline to receive a printed set of the course materials is 14 days before the synchronous session begins: October 7, 2024.
    • Registration deadline to receive a digital/downloaded set of the course materials is 5 days before the synchronous session begins: October 16, 2024.
    • FINAL registration deadline is 5 days before the synchronous session begins: October 16, 2024.
    • Online session ends 2 days before synchronous session begins: October 19, 2024.
    • Synchronous sessions begins: October 21, 2024.
    • Synchronous sessions ends: October 31, 2024.
    • The exam is taken offline at a Pearson testing center.

     

    Class Schedule:
    Class begins each day at 10:00AM Central time (8:00AM Pacific, 9:00AM Mountain, 11:00AM Eastern). Each class runs for four hours and thirty minutes (4.50 hours) each day with at least two breaks during that time.  The course runs for eight (8) half-days over two weeks as follows. Times shown are U.S. Central (Chicago) time.

     

    • Day 1: Monday, October 21, 10:00 am - 2:30 pm
    • Day 2: Tuesday, October 22, 10:00 am - 2:30 pm
    • Day 3: Wednesday, October 23, 10:00 am - 2:30 pm
    • Day 4: Thursday, October 24, 10:00 am - 2:30 pm
    • (No class on Friday, Saturday, or Sunday)
    • Day 5: Monday, October 28, 10:00 am - 2:30 pm
    • Day 6: Tuesday, October 29, 10:00 am - 2:30 pm
    • Day 7: Wednesday, October 30, 10:00 am - 2:30 pm
    • Day 8: Thursday, October 31, 10:00 am - 2:30 pm

    Online Session Pre-Class Assignment:
    Students are required to complete the online session pre-class assignment at least 2 days before the live online Synchronous course begins. The online session is accessible to students beginning 28 days before the official start date of the live online Synchronous course. Log onto your AI Account at www.appraisalinstitute.org with the username and password you used when you registered. Click on “Education and Events” located on the right navigation menu. On the My Events page, scroll down to the “Online Courses” section and click on the “Begin” button to access the pre-class assignment online session.

    AI National Synchronous Participation Requirements:
    • All students are required to have a computer, webcam, and microphone capability to participate and receive continuing or qualifying education credit where approved. It is the student’s responsibility to have the required equipment to participate and receive credit. Visit the System Requirements for Attendees and Share Webcam pages for help.

    • All students are required to keep their webcam on at all times while class is in session. A photo ID must be presented during roll call at the beginning of class on the first day. Attendance will be monitored throughout each day through webcams and polling.

    • The instructor must be able to interact with all students. Instructors and administrators will direct questions to each student in the morning and afternoon to which students must respond. Students must be in a location that allows for their full attention and interaction at all times.

    For questions regarding these classroom participation requirements, contact the Appraisal Institute at sync@appraisalinstitute.org or call (312) 335-4473.

    Connection Information:
    Several minutes after you receive your Appraisal Institute receipt email, you will receive second e-mail which includes instructions connecting to the synchronous sessions. Connection e-mail reminders are re-sent 1 week, 1 day, and 1 hour prior to synchronous session start time. If you do not receive the connection information, please check your junk, spam, or quarantine folders. For questions, please e-mail sync@appraisalinstitute.org or call (312) 335-4473.

     

    Download Course Materials:
    Log onto your AI Account at www.appraisalinstitute.org with the username and password you used when you registered. Click on “Education and Events” located on the right navigation menu. On the My Events page, find the Synchronous course under the “Classroom Offerings/Synchronous Offerings/Conferences” heading and click the "View" button. Scroll down to the “Download Course Materials” section and click on each link to download the course materials.