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    Advanced Concepts & Case Studies

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    September 9-14, 2024 Louisville, KY
    Date
    September 9-14, 2024
    Sponsor
    Bluegrass Chapter
    Country Inn & Suites, 1241 Kentucky Mills Dr. Location
    Louisville, KY
    Instructor
    Rick L. Carlile, MAI, SRA
    Class Time
    35 hours
    Exam Time
    3 Hours
    Full Price
    $1,400.00
    AI Price
    $1,050.00
    Enroll by September 10!
    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 Classroom Classroom 08/17/2023 06/15/2026
    AK QE 40 37 3 Classroom Classroom 08/17/2023 07/26/2024
    AK QE 38 35 3 Classroom Classroom 07/26/2024 06/15/2026 19431
    AL CE 37 37 Classroom Classroom 10/01/2022 09/30/2024 C02794
    AL QE 40 37 3 Classroom Classroom 10/01/2022 09/30/2024 C02794
    AR CE 35 35 Classroom Classroom 11/20/2023 11/19/2025
    AR QE 38 35 3 Classroom Classroom 11/20/2023 11/19/2025
    AZ CE 38 35 3 Classroom Classroom 08/16/2023 08/16/2026 74437
    AZ QE 38 35 3 Classroom Classroom 08/16/2023 08/16/2026 74437
    CA CE 37 37 Classroom Classroom 08/27/2022 08/26/2026 10754207
    CA QE 40 37 3 Classroom Classroom 08/27/2022 08/26/2026 10754207
    CO CE 38 35 3 Classroom Classroom 08/17/2023 08/16/2024
    CO QE 38 35 3 Classroom Classroom 08/17/2023 08/16/2026
    CT CE 18 18 Classroom Classroom 08/17/2023 07/12/2026 AAL.001079
    DC CE 35 35 Classroom Classroom 02/29/2024 02/28/2026 6099
    DC QE 38 35 3 Classroom Classroom 02/29/2024 02/28/2026 2989
    DE CE 38 35 3 Classroom Classroom 08/16/2023 08/16/2026 74437
    DE QE 38 35 3 Classroom Classroom 08/16/2023 08/16/2026 74437
    FL CE 20 20 Classroom Classroom 12/27/2022 12/27/2024 0009063
    FL QE 30 27 3 Classroom Classroom 12/27/2022 12/27/2024 0009063
    GA CE 38 35 3 Classroom Classroom 01/01/2024 08/16/2026 60542
    GA CE 35 35 Classroom Classroom 01/01/2024 08/16/2026 60544
    GA QE 38 35 3 Classroom Classroom 01/01/2024 08/16/2026 60542
    HI CE 40 37 3 Classroom Classroom 01/01/2024 12/31/2024 23-334
    HI CE 37 37 Classroom Classroom 01/01/2024 12/31/2024 23-334
    HI QE 40 37 3 Classroom Classroom 01/01/2024 12/31/2024 23-334
    IA CE 37 37 Classroom Classroom 08/17/2023 08/16/2026 A518-1144
    IA QE 40 37 3 Classroom Classroom 08/17/2023 08/16/2026 A518-1145
    ID CE 40 37 3 Classroom Classroom 08/17/2023 07/26/2024
    ID QE 40 37 3 Classroom Classroom 08/17/2023 07/26/2024
    IL CE 37 37 Classroom Classroom 01/01/2023 12/31/2024 575.010490
    IL QE 40 37 3 Classroom Classroom 01/01/2023 12/31/2024 573.000701
    IN CE 38 35 3 Classroom Classroom 08/16/2023 08/16/2026 74437
    IN QE 38 35 3 Classroom Classroom 08/16/2023 08/16/2026 74437
    KS CE 35 35 Classroom Classroom 01/01/2024 12/31/2024 156.C24.R
    KS QE 38 35 3 Classroom Classroom 01/01/2024 12/31/2024 291.P24.R
    KY CE 38 35 3 Classroom Classroom 07/01/2023 06/30/2024
    KY QE 38 35 3 Classroom Classroom 07/01/2023 06/30/2024
    LA CE 37 37 Classroom Classroom 08/17/2023 08/16/2026 A0186
    LA QE 40 37 3 Classroom Classroom 08/17/2023 08/16/2026 A0186
    MA CE 35 35 Classroom Classroom 08/17/2023 08/16/2026 10051203
    MA QE 38 35 3 Classroom Classroom 08/17/2023 08/16/2026 10051235
    MD CE 38 35 3 Classroom Classroom 08/16/2023 08/16/2026 74437
    MD QE 38 35 3 Classroom Classroom 08/16/2023 08/16/2026 74437
    ME CE 38 35 3 Classroom Classroom 08/16/2023 08/16/2026 74437
    ME QE 38 35 3 Classroom Classroom 08/16/2023 08/16/2026 74437
    MI CE 35 35 Classroom Classroom 08/17/2023 09/05/2026 20 - 1103366
    MI QE 38 35 3 Classroom Classroom 08/17/2023 11/20/2026 20 - 1107054
    MN CE 35 35 Classroom Classroom 01/01/2024 10/31/2024 1006709
    MN QE 38 35 3 Classroom Classroom 04/30/2022 04/30/2024 1019541
    MO CE 35 35 Classroom Classroom 06/12/2023 08/16/2026
    MO QE 38 35 3 Classroom Classroom 06/12/2023 08/16/2026
    MS CE 35 35 Classroom Classroom 03/31/2023 07/27/2025 MAB#49815
    MS CE 38 35 3 Classroom Classroom 03/31/2023 07/27/2025 MAB#49815
    MS QE 38 35 3 Classroom Classroom 07/30/2023 07/27/2025 MAB #49815
    MT CE 38 35 3 Classroom Classroom 06/25/2023 06/13/2026 REA-CEC-REC-16800
    MT QE 38 35 3 Classroom Classroom 06/25/2023 06/13/2026 REA-CEC-REC-16800
    NC QE 40 37 3 Classroom Classroom 01/01/2024 12/31/2024
    ND CE 38 35 3 Classroom Classroom 10/18/2010 CE-201031
    ND QE 35 32 3 Classroom Classroom 10/18/2010
    NE QE 38 35 3 Classroom Classroom 08/16/2023 08/16/2026 74437
    NH CE 38 35 3 Classroom Classroom 08/17/2023 07/26/2024
    NH QE 38 35 3 Classroom Classroom 08/17/2023 07/26/2024
    NJ CE 35 35 Classroom Classroom 08/17/2023 08/16/2026 2023-3428
    NJ QE 38 35 3 Classroom Classroom 08/17/2023 08/16/2026 2023-3428
    NM CE 35 35 Classroom Classroom 08/17/2023 08/16/2026 4293
    NM CE 38 35 3 Classroom Classroom 08/17/2023 08/16/2026 4293
    NM QE 38 35 3 Classroom Classroom 08/17/2023 08/16/2026 4293
    NV CE 35 35 Classroom Classroom 11/01/2023 10/31/2024 CE.0009498-A
    NV QE 38 35 3 Classroom Classroom 10/01/2023 09/30/2024 PL.0008418-A
    NY CE 35 35 Classroom Classroom 01/01/2024 12/31/2024 A4424-28
    OH CE 38 35 3 Classroom Classroom 01/01/2024 12/31/2024 084400204A 22
    OH QE 48 35 3 Classroom Classroom 01/01/2012
    OH QE 38 35 3 Classroom Classroom 08/16/2023 08/16/2026 74437
    OK CE 35 35 Classroom Classroom 08/17/2023 08/16/2026 811
    OK QE 38 35 3 Classroom Classroom 08/17/2023 08/16/2026 674
    OR CE 38 35 3 Classroom Classroom 08/24/2023 08/16/2026 APIN-C-0810-1821
    OR QE 38 35 3 Classroom Classroom 08/17/2023 07/26/2024 APIN-Q-0821-8894
    PA CE 37 37 Classroom Classroom 02/12/2024 07/26/2024
    PA QE 40 37 3 Classroom Classroom 02/12/2024 07/26/2024
    PR CE 38 35 3 Classroom Classroom 08/16/2023 08/16/2026 74437
    PR QE 38 35 3 Classroom Classroom 08/16/2023 08/16/2026 74437
    RI CE 35 35 Classroom Classroom 08/17/2023 07/26/2024 REA.0002039-CE
    RI QE 38 35 3 Classroom Classroom 08/17/2023 07/26/2024 REA.0002039-CE
    RI QE 38 35 3 Classroom Classroom 07/27/2024 08/16/2026 REA.0002094-CE
    SC CE 40 37 3 Classroom Classroom 09/01/2022 08/31/2024 CE1145
    SC QE 38 35 3 Classroom Classroom 09/01/2022 08/31/2024 AC .1145
    SD QE 38 35 3 Classroom Classroom 11/01/2022 01/05/2025 SD 588
    TN CE 35 35 Classroom Classroom 09/01/2022 10/31/2024 1437
    TN QE 38 35 3 Classroom Classroom 09/01/2022 10/31/2024 1437
    TX CE 38 35 3 Classroom Classroom 08/17/2023 08/16/2025 TX Provider #:10 Course #: 43945
    TX QE 38 35 3 Classroom Classroom 08/17/2023 08/16/2026 TX Provider #: 8038 Course #: 34718
    UT CE 35 35 Classroom Classroom 08/28/2023 08/31/2025 AC230830
    UT QE 38 35 3 Classroom Classroom 10/19/2020 06/30/2025 AQ230628
    VA CE 38 35 3 Classroom Classroom 08/16/2023 08/16/2026 74437
    VA QE 38 35 3 Classroom Classroom 04/01/2022 08/31/2025 4006000909
    VT CE 38 35 3 Classroom Classroom 08/03/2021 07/10/2027
    VT QE 38 35 3 Classroom Classroom 08/03/2021 07/10/2027
    WA CE 35 35 Classroom Classroom 03/08/2024 08/16/2026 A24005445
    WA QE 38 35 3 Classroom Classroom 03/08/2024 08/16/2026 A24005445
    WI CE 38 35 3 Classroom Classroom 08/16/2023 08/16/2026 74437
    WI QE 38 35 3 Classroom Classroom 08/16/2023 08/16/2026 74437
    WV CE 37 37 Classroom Classroom 08/17/2023 07/26/2024
    WV QE 40 37 3 Classroom Classroom 08/17/2023 07/26/2024
    WY CE 38 35 3 Classroom Classroom 08/17/2023 08/16/2026 141
    WY QE 38 35 3 Classroom Classroom 08/17/2023 08/16/2026 141
    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

    Program Overview:
    Table of Contents and Overview
    Course Schedule

    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.)

    Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; and course equivalencies.

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

    Important Note: Mandatory Diagnostic Test
    Before enrolling in this or any other MAI designation course, you must take a diagnostic test. The Excel diagnostic tests your mastery of solving appraisal problems using spreadsheets. This diagnostic test was intentionally designed to be challenging and ensure participants have adequate Excel skills before taking MAI designation courses. For more information, check out the Diagnostic FAQ.

     

    Excel is used extensively in the MAI designation courses; it is highly recommended that you know how to perform the necessary appraisal functions in Excel to succeed in this course.

    The diagnostic test is free and can be taken at any time on your personal computer. To register for the test, please click here.

    This course implements a blended learning approach, which includes:
    • A pre-class, 2-hour online session
    • 35 hours of traditional classroom education
    • A 3-hour exam on the 6th morning.

    You will be asked to clear the calculator’s memory before and after the examination. Only one calculator is permitted in the testing room. Examinees taking most AI exams may bring their own calculator to use during the exam. Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.

    Requirements:

    • 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
    Tennessee Chapter April 22-27, 2024 Nashville, TN Classroom View Details Register
    Massachusetts Rhode Island and Maine Chapter August 19-23, 2024 Woburn, MA Classroom View Details Register
    Appraisal Institute October 21-31, 2024 Synchronous View Details Register
    Event Information
    Class Materials: Tuition fee includes the pdf downloadable copy of class materials. Students may purchase a print copy of class materials for an additional feeat time of registration. No class materials will be available at class.

     

    Tips on Downloading the class materials:
    - Log in to My Account (https://www.appraisalinstitute.org/)
    - Select Education & Events (right sidebar)
    - See list of your registered offerings, scroll to class name and selectView
    You will now see a box that contains downloadable program materials

     

    Course Schedule: Sign-in 8:15 a.m. Class 8:30 a.m. – 4:30 p.m. 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. Please review "Cancellation Policy".

     

    Class Location: Country Inn & Suites, 1241 Kentucky Mills Dr. Louisville, KY (502) 261-9434. Ask for Bluegrass Chapter rate

     

    Hotels in area:

     

    Fairfield Inn, 1220 Kentucky Mills Dr, Louisville, KY (502) 240-6171
    Microtel, 1221 Kentucky Mills Dr, Louisville, KY (502) 266-6590
    Tru By Hilton Louisville East, 11505 Bluegrass Parkway, Louisville, KY (502) 208-2900
    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
    Quality Inn, 1301 Kentucky Mills Dr., Louisville, KY 40299, (502) 267-8100

     


    *The Bluegrass Chapter recommends students check before registering to be sure your state has approved this course for QE/CE. Click Here to check.