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    Advanced Concepts & Case Studies

    legal-and-corporate-consultation-concept-focusing-on-law-advice-and-business-agreements
    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.
    Topics:
    Valuation Approaches
    Continuing Education
    Designation Education
    Commercial
    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
    pts
    Attend & Pass Exam:
    375
    pts
    Pass Only:
    325
    pts
    Course Offerings
    Sponsor Date Location Format
    San Diego Chapter August 24-29, 2026 San Diego, CA Classroom View Details Register
    Bluegrass Chapter September 14-19, 2026 Louisville, KY Classroom View Details Register
    Chicago Chapter November 2-7, 2026 Chicago, IL Classroom View Details Register
    Northern California Chapter November 2-7, 2026 Walnut Creek, CA Classroom View Details Register
    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 Materials & Recommended Books
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Start Date Expire Date State Code
    AL CE 38 35 3 Classroom 11/14/2024 09/30/2026 C03028
    AL CE 38 35 3 Synchronous 11/24/2025 09/30/2026 C03028
    AL QE 38 35 3 Classroom 11/14/2024 09/30/2026 C03028
    AL QE 38 35 3 Synchronous 11/24/2025 09/30/2026 C03028
    AR CE 38 35 3 Classroom 09/15/2025 11/19/2027 AI053
    AR CE 38 35 3 Synchronous 09/15/2025 11/19/2027 AI053
    AR QE 38 35 3 Classroom 09/15/2027 11/19/2027 AI053
    AR QE 38 35 3 Synchronous 09/15/2025 11/19/2027 AI053
    AZ CE 38 35 3 Classroom 08/17/2026 08/16/2029 74437
    AZ CE 38 35 3 Synchronous 08/17/2026 08/16/2029 74437
    AZ QE 38 35 3 Classroom 08/17/2026 08/16/2029 74437
    AZ QE 38 35 3 Synchronous 08/17/2026 08/16/2029 74437
    CA CE 37 37 Classroom 08/27/2022 08/26/2026 10754207
    CA CE 37 37 Synchronous 11/24/2025 08/26/2026 10754207
    CA CE 38 35 3 Classroom 08/27/2026 08/19/2030 26CP754601661
    CA CE 38 35 3 Synchronous 08/27/2026 08/19/2030 26CP754601661
    CA QE 40 37 3 Classroom 08/27/2022 08/26/2026 10754207
    CA QE 40 37 3 Synchronous 11/24/2025 08/26/2026 10754207
    CA QE 38 35 3 Classroom 08/21/2026 08/19/2030 26CP754601661
    CA QE 38 35 3 Synchronous 08/27/2026 08/19/2030 26CP754601661
    CT CE 18 18 Classroom 06/10/2026 06/10/2029 AAL.001588
    CT CE 18 18 Synchronous 06/10/2026 06/10/2029 AAL.001588
    CT QE 38 35 3 Classroom 07/08/2026 07/08/2029 APR.000421
    CT QE 38 35 3 Synchronous 07/08/2026 07/08/2029 APR.000421
    DC CE 35 35 Classroom 03/01/2026 02/28/2028
    DC CE 35 35 Synchronous 03/01/2026 02/28/2028
    DC QE 38 35 3 Classroom 03/01/2026 02/28/2028
    DC QE 38 35 3 Synchronous 03/01/2026 02/28/2028
    DE CE 38 35 3 Classroom 08/17/2026 08/16/2029 74437
    DE CE 38 35 3 Synchronous 08/17/2026 08/16/2029 74437
    DE QE 38 35 3 Classroom 08/17/2026 08/16/2029 74437
    DE QE 38 35 3 Synchronous 08/17/2026 08/16/2029 74437
    FL CE 30 27 3 Synchronous 11/24/2025 11/21/2026 0010456
    FL QE 30 27 3 Classroom 12/26/2024 12/27/2026 0009063
    GA CE 35 35 Classroom 08/20/2010 08/16/2029 60544
    GA CE 35 35 Synchronous 08/20/2010 08/16/2029 60544
    GA QE 38 35 3 Classroom 08/20/2010 08/16/2029 60542
    GA QE 38 35 3 Synchronous 08/20/2010 08/16/2029 60542
    IA CE 35 35 Classroom 08/10/2026 08/16/2029 A518-2488
    IA CE 38 35 3 Classroom 08/10/2026 08/16/2029 A518-2489
    IA CE 35 35 Synchronous 08/10/2026 08/16/2029 A518-2488
    IA CE 38 35 3 Synchronous 08/10/2026 08/16/2029 A518-2489
    IA QE 38 35 3 Classroom 08/10/2026 08/16/2029 A518-2490
    IA QE 38 35 3 Synchronous 08/10/2026 08/16/2029 A518-2490
    ID CE 35 35 Classroom 07/22/2026 08/16/2029 2130544
    ID CE 35 35 Synchronous 07/22/2026 08/16/2029 2130544
    ID QE 38 35 3 Classroom 07/22/2026 08/16/2029 2130544
    ID QE 38 35 3 Synchronous 07/22/2026 08/16/2029 2130544
    IL CE 35 35 Classroom 12/18/2024 12/31/2026 575.010490
    IL CE 35 35 Synchronous 11/24/2025 12/31/2026 575.010490
    IL QE 38 35 3 Classroom 01/01/2025 12/31/2026 573.000701
    IL QE 38 35 3 Synchronous 11/24/2025 12/31/2026 573.000701
    IN CE 38 35 3 Classroom 08/17/2026 08/16/2029 74437
    IN CE 38 35 3 Synchronous 08/17/2026 08/16/2029 74437
    IN QE 38 35 3 Classroom 08/17/2026 08/16/2029 74437
    IN QE 38 35 3 Synchronous 08/17/2026 08/16/2029 74437
    KS CE 35 35 Classroom 01/01/2026 12/31/2026 C119-05
    KS CE 35 35 Synchronous 01/01/2026 12/31/2026 C119-04
    KS QE 38 35 3 Classroom 01/01/2026 12/31/2026 Q119-03
    KS QE 38 35 3 Synchronous 01/01/2026 12/31/2026 Q119-04
    KY CE 38 35 3 Classroom 07/01/2026 06/30/2027
    KY CE 38 35 3 Synchronous 07/01/2026 06/30/2027
    KY QE 38 35 3 Classroom 07/01/2026 06/30/2027
    KY QE 38 35 3 Synchronous 07/01/2026 06/30/2027
    MD CE 38 35 3 Classroom 08/17/2026 08/16/2029 74437
    MD CE 38 35 3 Synchronous 08/17/2026 08/16/2029 74437
    MD QE 38 35 3 Classroom 08/17/2026 08/16/2029 74437
    MD QE 38 35 3 Synchronous 08/17/2026 08/16/2029 74437
    ME CE 38 35 3 Classroom 08/17/2026 08/16/2029 74437
    ME CE 38 35 3 Synchronous 08/17/2026 08/16/2029 74437
    ME QE 38 35 3 Classroom 08/17/2026 08/16/2029 74437
    ME QE 38 35 3 Synchronous 08/17/2026 08/16/2029 74437
    MI CE 35 35 Classroom 08/17/2023 09/06/2029 20 - 1103366, 20-1103366
    MI CE 35 35 Synchronous 11/24/2025 09/06/2029 20 - 1103366, 20-1103366
    MI QE 38 35 3 Classroom 08/17/2023 11/20/2026 20 - 1107054
    MI QE 38 35 3 Synchronous 11/24/2025 11/20/2026 20 - 1107054
    MN CE 35 35 Classroom 06/01/2026 06/30/2028 1040843
    MN CE 38 35 3 Classroom 06/01/2026 06/30/2028 1040842
    MN CE 35 35 Synchronous 06/01/2026 06/30/2028 1040843
    MN CE 38 35 3 Synchronous 06/01/2026 06/30/2028 1040842
    MN QE 38 35 3 Classroom 06/01/2026 06/30/2028 1040841
    MN QE 38 35 3 Synchronous 06/01/2026 06/30/2028 1040841
    MO CE 35 35 Classroom 08/10/2026 08/16/2029 2024000059
    MO CE 35 35 Synchronous 08/10/2026 08/16/2029 2024000059
    NC QE 38 35 3 Classroom 01/01/2026 12/31/2026
    NC QE 38 35 3 Synchronous 01/01/2026 12/31/2026
    ND CE 35 35 Synchronous 01/01/2022
    ND CE 38 35 3 Classroom 10/18/2010 08/16/2029 CE-201031, 74437
    ND CE 38 35 3 Synchronous 01/01/2022 08/16/2029 CE-201031, 74437
    ND QE 35 32 3 Synchronous 01/01/2022
    ND QE 35 32 3 Classroom 10/18/2010
    ND QE 38 35 3 Classroom 08/17/2026 08/16/2029 74437
    ND QE 38 35 3 Synchronous 08/17/2026 08/16/2029 74437
    NE QE 38 35 3 Classroom 08/16/2026 08/16/2029 1251428.02
    NE QE 38 35 3 Synchronous 08/16/2026 08/16/2029 1253429.02
    NV CE 35 35 Classroom 10/10/2025 10/31/2026 CE.0009498-A
    NV CE 35 35 Synchronous 11/24/2025 10/31/2026 CE.0009498-A
    NY CE 28 28 Classroom 01/01/2026 12/31/2026 A4424-28
    NY CE 28 28 Synchronous 01/01/2026 12/31/2026 A4424-28
    OH CE 35 35 Classroom 01/01/2026 12/31/2026 084602603A 25
    OH CE 35 35 Synchronous 01/01/2026 12/31/2026 084602603A 25
    OH QE 38 35 3 Classroom 08/17/2026 08/16/2029 74437
    OH QE 38 35 3 Synchronous 08/17/2026 08/16/2029 74437
    OK CE 35 35 Classroom 08/17/2026 08/16/2029 811
    OK CE 35 35 Synchronous 08/17/2026 08/16/2029 811
    OK QE 38 35 3 Classroom 08/17/2026 08/16/2029 674
    OK QE 38 35 3 Synchronous 08/17/2026 08/16/2029 674
    OR CE 38 35 3 Classroom 08/05/2026 08/05/2029 APIN-C-0826-9127
    OR CE 38 35 3 Synchronous 08/05/2026 08/05/2029 APIN-C-0826-9127
    OR CE 35 35 Classroom 08/05/2026 08/05/2029 APIN-C-0826-9127
    OR CE 35 35 Synchronous 08/05/2026 08/05/2029 APIN-C-0826-9127
    OR QE 38 35 3 Classroom 08/05/2026 08/05/2029 APIN-Q-0826-9124
    OR QE 38 35 3 Synchronous 08/05/2026 08/05/2029 APIN-Q-0826-9124
    PA CE 38 35 3 Classroom 07/08/2026 08/16/2029
    PA CE 38 35 3 Synchronous 07/28/2026 08/16/2029
    PA QE 38 35 3 Classroom 07/28/2026 08/16/2029
    PA QE 38 35 3 Synchronous 07/28/2026 08/16/2029
    PR CE 38 35 3 Classroom 08/17/2026 08/16/2029 74437
    PR CE 38 35 3 Synchronous 08/17/2026 08/16/2029 74437
    PR QE 38 35 3 Classroom 08/17/2026 08/16/2029 74437
    PR QE 38 35 3 Synchronous 08/17/2026 08/16/2029 74437
    RI CE 35 35 Classroom 08/05/2026 08/16/2029 REA.0208645-CE
    RI CE 35 35 Synchronous 08/05/2026 08/16/2029 REA.0208645-CE
    RI QE 38 35 3 Classroom 08/05/2026 08/16/2029 REA.0208645-CE
    RI QE 38 35 3 Synchronous 08/05/2026 08/16/2029 REA.0208645-CE
    SC CE 35 35 Classroom 09/01/2024 08/31/2026 20-607846
    SC CE 35 35 Synchronous 11/24/2025 08/31/2026 20-607846
    SC QE 38 35 3 Classroom 07/09/2026 08/31/2028 QEE1145
    SC QE 38 35 3 Synchronous 07/09/2026 08/31/2028 QEE1145
    SD CE 35 35 Classroom 06/01/2026 08/16/2029 SD90234Q
    SD CE 35 35 Synchronous 06/01/2026 08/16/2029 SD90234Q
    SD QE 38 35 3 Classroom 06/01/2026 08/16/2029 SD90234Q
    SD QE 38 35 3 Synchronous 06/01/2026 08/16/2029 SD90234Q
    TN CE 35 35 Classroom 01/22/2025 10/31/2026 1437
    TN CE 35 35 Synchronous 11/24/2025 10/31/2026 1437
    TN QE 38 35 3 Classroom 01/22/2025 10/31/2026 1437
    TN QE 38 35 3 Synchronous 11/24/2025 10/31/2026 1437
    TX CE 35 35 Classroom 08/17/2026 08/31/2028 TX#10 01361-ACE
    TX CE 35 35 Synchronous 08/17/2026 08/31/2028 TX#10 01361-ACE
    TX CE 38 35 3 Synchronous 08/10/2026 08/16/2029 TX#8038 01078-AQC
    TX QE 38 35 3 Classroom 08/10/2026 08/16/2029 TX# 8030 01078-AQC
    UT CE 35 35 Classroom 11/24/2025 11/30/2027 AC251120
    UT CE 35 35 Synchronous 11/24/2025 11/30/2027 AC251120
    UT QE 38 35 3 Classroom 07/01/2025 06/30/2027 AQ250628
    UT QE 38 35 3 Synchronous 11/24/2025 06/30/2027 AQ250628
    VA CE 38 35 3 Classroom 08/17/2026 08/16/2029 74437
    VA CE 38 35 3 Synchronous 08/17/2026 08/16/2029 74437
    VA QE 38 35 3 Classroom 06/11/2026 06/30/2028 4006000978
    VA QE 38 35 3 Synchronous 06/11/2026 06/30/2028 4006000978
    VT CE 38 35 3 Classroom 08/03/2021 07/10/2027
    VT CE 38 35 3 Synchronous 11/24/2025 07/10/2027
    VT QE 38 35 3 Classroom 08/03/2021 07/10/2027
    VT QE 38 35 3 Synchronous 11/24/2025 07/10/2027
    WI CE 38 35 3 Classroom 08/17/2026 08/16/2029 74437
    WI CE 38 35 3 Synchronous 08/17/2026 08/16/2029 74437
    WI QE 38 35 3 Classroom 08/17/2026 08/16/2029 74437
    WI QE 38 35 3 Synchronous 08/17/2026 08/16/2029 74437