Advanced Concepts & Case Studies
Register- Date
- September 22-25, 2025
- Time
- 8:30AM - 4:30PM (EST)
- Sponsor
- Bluegrass Chapter
- Location
- Country Inn & Suites
1241 Kentucky Mills Dr.
Louisville, KY 40299
- Instructor
- Rick L. Carlile, MAI, SRA
- Class Time
- 35 hours
- Exam Time
- 3 Hours
- Full Price
- $1,400.00
- AI Price
- $1,050.00
Course Description
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
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 | 38 | 35 | 3 | Classroom | Classroom | 07/26/2024 | 06/15/2026 | 19431 |
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 | 08/17/2024 | 08/16/2026 | 2487 |
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 | |
CT | QE | 38 | 35 | 3 | Classroom | Classroom | 08/17/2023 | 07/12/2026 | APR.000304 |
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 | 38 | 35 | 3 | Classroom | Classroom | 07/27/2024 | 08/16/2026 | |
ID | QE | 38 | 35 | 3 | Classroom | Classroom | 07/27/2024 | 08/16/2026 | |
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 | 35 | 35 | Classroom | Classroom | 07/01/2024 | 05/30/2025 | ||
KY | QE | 38 | 35 | 3 | Classroom | Classroom | 07/01/2024 | 05/30/2025 | |
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 | 05/01/2024 | 11/30/2025 | 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 | 08/16/2026 | CE-201031, QE-221014 |
ND | QE | 35 | 32 | 3 | Classroom | Classroom | 10/18/2010 | ||
ND | QE | 38 | 35 | 3 | Classroom | Classroom | 05/08/2024 | 08/16/2026 | QE-221014 |
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 | |
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 | 07/27/2024 | 08/16/2026 | APIN-Q-0424-9031 |
OR | QE | 38 | 35 | 3 | Classroom | Classroom | 07/27/2024 | 08/16/2026 | APIN-Q-0424-9031 |
PA | CE | 37 | 37 | Classroom | Classroom | 07/27/2024 | 08/16/2026 | ||
PA | QE | 40 | 37 | 3 | Classroom | Classroom | 07/27/2024 | 08/16/2026 | |
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 | 07/27/2024 | 08/16/2026 | REA.0002200-CE | |
RI | QE | 38 | 35 | 3 | Classroom | Classroom | 07/27/2024 | 08/16/2026 | REA.0002094-CE, REA.0002200-CE |
SC | CE | 38 | 35 | 3 | Classroom | Classroom | 09/01/2024 | 08/31/2026 | AC . 1145 |
SC | QE | 38 | 35 | 3 | Classroom | Classroom | 09/01/2024 | 08/31/2026 | 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 | 38 | 35 | 3 | Classroom | Classroom | 07/27/2024 | 08/16/2026 | |
WV | QE | 38 | 35 | 3 | Classroom | Classroom | 07/27/2024 | 08/16/2026 | |
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.
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.
Prerequisites
- Advanced Education Diagnostic Test
- Advanced Income Capitalization
- General Appraiser Sales Comparison Approach
- General Appraiser Market Analysis and Highest & Best Use
- General Appraiser Income Approach/Part 1
- General Appraiser Income Approach/Part 2
- General Appraiser Report Writing and Case Studies
Course Materials & Recommended Books
- Market Analysis for Real Estate, 2nd ed.
- The Valuation of Apartment Properties, 3rd ed.
- Subdivision Valuation, 2nd ed.
- Shopping Center Appraisal and Analysis, 2nd ed.
- The Valuation of Office Properties: A Contemporary Perspective
- The Appraisal of Real Estate, 15th ed.
- The Dictionary of Real Estate Appraisal, 7th ed.
Pricing Options
Rate | Full Price | AI Price |
---|---|---|
Standard
Today thru 09/22/2025 |
$1,400.00 | $1,050.00 |
Additional Course Offerings
Sponsor | Date | Location | Format | ||
---|---|---|---|---|---|
Appraisal Institute | October 21-31, 2024 | Synchronous | View Details | Register | |
Greater St. Louis Chapter | March 10-15, 2025 | Clayton, MO | Classroom | View Details | Register |
Southern California Chapter | September 8-13, 2025 | Costa Mesa, CA | Classroom | View Details | Register |