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    Advanced Residential Applications and Case Studies/Part 1

    More Info Register
    November 12-15, 2024
    Date
    November 12-15, 2024
    Sponsor
    Appraisal Institute
    Location
    Appraisal Institute - Synchronous (Live Online)
    Instructor
    Mark V. Smeltzer, Sr., MAI, SRA, AI-GRS, AI-RRS
    Class Time
    14 hours
    Exam Time
    1 Hour
    Full Price
    $500.00
    AI Price
    $400.00
    Enroll by November 15!
    View Pricing Options
    Course Description

    In Part 1 of a two-course program, you'll apply appraisal techniques to solve a complex residential case study appraisal assignment. Putting your knowledge of terminology, concepts, procedures, and methods to the test, you'll demonstrate competence in the areas of appraisal analysis learned in previous courses. By successfully completing the course and exam, you'll have met most states' education requirements in the content area identified as advanced residential applications and case studies. If you are seeking the Appraisal Institute SRA designation, this course and Advanced Residential Report Writing/Part 2 serves as an alternative to complete your Residential Demonstration of Knowledge requirement.

    PRECLASS VIDEO AND ASSIGNMENT!

    To ensure success in this course, it is important that you watch a short preclass video, which details the unique expectations not only for this course/package, but also the preclass assignment as well. What's in the video and why should I watch it?

    Important Notes:
    • If you wish to become a State Certified Residential Appraiser, Advanced Residential Applications and Case Studies/Part 1 is approved by the Appraiser Qualifications Board for 15 content hours in advanced residential applications and case studies. Advanced Residential Report Writing/Part 2 is approved for 30 hours in the appraisal subject matter elective category. Review the courses for which you have received credit to determine whether these courses are necessary for you to meet your education requirements.

    The 45-Hour Package is comprised of two courses:

    • Advanced Residential Applications & Case Studies/Part 1
    • Advanced Residential Report Writing/Part 2
    Following are the requirements to use the 45-Hour Package as an alternative to the Residential Demonstration Report:
    • You must register for a paired package of Part 1 and Part 2.
    • Part 1 and Part 2 of a paired package are generally scheduled 3 - 4 weeks apart.
    • It is not permissible to register or take Part 2 unless it is in the same pairing as Part 1
    • Course materials will be sent to you before class begins and will be accompanied by a memo explaining the preparations that you should make before coming to class. Be sure to register at least 2 weeks before the course starting date so that you can receive your materials in time to complete the required preparations. More details on the pre-class assignment can be found under View Details: Assignment.
    • For this course, case study solutions are not distributed at the end of class.
    Who Should Enroll
    Appraisers seeking residential real property appraiser certification with experience in and understanding of the fundamental concepts of appraising
    AI CE Points
    Attend:
    175
    Attend & Pass Exam:
    225
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 15 14 1 Synchronous Synchronous 04/17/2024 04/17/2027 19929
    AK QE 15 14 1 Synchronous Synchronous 04/17/2024 04/17/2027 19929
    AL CE 14 14 Synchronous Livestream 10/01/2022 09/30/2024 C02664
    AL CE 14 14 Synchronous Synchronous 10/01/2022 09/30/2024 C02664
    AL QE 15 14 1 Synchronous Livestream 10/01/2022 09/30/2024 C02665
    AL QE 15 14 1 Synchronous Synchronous 10/01/2022 09/30/2024 C02664
    AR CE 15 14 1 Synchronous Synchronous 03/04/2024 03/03/2026
    AR QE 15 14 1 Synchronous Synchronous 03/04/2024 03/03/2026
    AZ CE 15 14 1 Synchronous Synchronous 04/16/2024 04/10/2027 88587
    AZ QE 15 14 1 Synchronous Synchronous 04/16/2024 04/10/2027 88587
    CA CE 14 14 Synchronous Livestream 02/24/2022 02/23/2026 18CP754601304
    CA CE 14 14 Synchronous Synchronous 05/09/2021 05/08/2025 17CP754601269
    CA QE 15 14 1 Synchronous Livestream 02/24/2022 02/23/2026 18CP754601304
    CA QE 15 14 1 Synchronous Synchronous 05/09/2021 05/08/2025 17CP754601269
    CO CE 15 14 1 Synchronous Synchronous 06/06/2024 04/10/2027 2666
    CO CE 14 14 Synchronous Synchronous 06/06/2024 04/10/2027 2666
    CO CE 15 14 1 Synchronous Synchronous 06/06/2024 04/10/2027 2666
    CO QE 15 14 1 Synchronous Synchronous 06/06/2024 04/10/2027 2666
    CT CE 14 14 Synchronous Synchronous 09/05/2023 01/11/2026 AAL.000637
    CT CE 15 14 1 Synchronous Synchronous 01/28/2023 01/11/2026 AAL.001015
    DC CE 15 14 1 Synchronous Synchronous 02/29/2024 02/28/2026
    DC QE 15 14 1 Synchronous Synchronous 02/29/2024 02/28/2026
    DE CE 15 14 1 Synchronous Synchronous 04/16/2024 04/10/2027 88587
    DE QE 15 14 1 Synchronous Synchronous 04/16/2024 04/10/2027 88587
    FL CE 15 14 1 Synchronous Synchronous 07/12/2023 11/16/2024 0010463
    FL QE 15 14 1 Synchronous Synchronous 07/12/2023 11/16/2024 0010463
    GA CE 14 14 Synchronous Synchronous 01/28/2023 01/27/2026 72840
    GA QE 15 14 1 Synchronous Synchronous 01/28/2023 01/27/2026 72846
    ID CE 15 14 1 Synchronous Synchronous 04/16/2024 02/28/2026
    ID QE 15 14 1 Synchronous Synchronous 04/16/2024 02/28/2026
    IL CE 14 14 Synchronous Synchronous 01/01/2023 12/31/2024 575.010150
    IL QE 15 14 1 Synchronous Synchronous 01/01/2023 12/31/2024 573.000652
    IN CE 15 14 1 Synchronous Synchronous 04/16/2024 04/10/2027 88587
    IN QE 15 14 1 Synchronous Synchronous 04/16/2024 04/10/2027 88587
    KS CE 14 14 Synchronous Synchronous 01/01/2024 12/31/2024 161.C24.R
    KS QE 15 14 1 Synchronous Synchronous 01/01/2024 12/31/2024 297.P24.R
    KY CE 15 14 1 Synchronous Synchronous 07/01/2023 06/30/2024
    KY CE 14 14 Synchronous Synchronous 07/01/2024 05/30/2025
    KY QE 15 14 1 Synchronous Synchronous 07/01/2023 06/30/2024
    KY QE 15 14 1 Synchronous Synchronous 07/01/2024 05/30/2025
    MD CE 15 14 1 Synchronous Synchronous 04/16/2024 04/10/2027 88587
    MD QE 15 14 1 Synchronous Synchronous 04/16/2024 04/10/2027 88587
    ME CE 15 14 1 Synchronous Synchronous 04/16/2024 04/10/2027 88587
    ME QE 15 14 1 Synchronous Synchronous 04/16/2024 04/10/2027 88587
    MI CE 14 14 Synchronous Synchronous 05/29/2024 05/29/2027 20-1212632
    MI QE 15 14 1 Synchronous Synchronous 05/29/2024 05/29/2027 20-1212546
    MN CE 15 14 1 Synchronous Synchronous 07/01/2023 06/30/2025 1023319
    MN QE 15 14 1 Synchronous Synchronous 07/01/2023 06/30/2025 1023117
    MO CE 14 14 Synchronous Synchronous 05/22/2024 04/10/2027
    MO QE 15 14 1 Synchronous Synchronous 05/22/2024 04/10/2027
    MS CE 15 14 1 Synchronous Synchronous 04/16/2024 04/15/2026 MAB #49019
    MT CE 15 14 1 Synchronous Synchronous 06/04/2024 04/10/2027 REA-CEC-REC-18026
    NC QE 15 14 1 Synchronous Synchronous 01/01/2024 12/31/2024
    ND CE 14 14 Synchronous Synchronous 01/28/2023 01/28/2026 QE-223004
    ND QE 15 14 1 Synchronous Livestream 01/01/2022 QE2601
    ND QE 15 14 1 Synchronous Synchronous 01/29/2023 01/28/2026 QE-223004
    ND QE 15 14 1 Synchronous Synchronous 01/23/2023 01/28/2026 QE-223004
    NM CE 14 14 Synchronous Synchronous 04/16/2024 04/10/2027 4416
    NM QE 15 14 1 Synchronous Synchronous 04/16/2024 04/10/2027 4416
    NV CE 14 14 Synchronous Synchronous 11/01/2023 10/31/2024 CE.0009599-A
    NV QE 15 14 1 Synchronous Synchronous 04/26/2024 03/31/2025 PL.0007894-A
    NY CE 14 14 Synchronous Synchronous 01/01/2024 12/31/2024 A4691-14
    NY QE 15 14 1 Synchronous Synchronous 10/01/2022 09/30/2024 Q0209-R11
    OH CE 14 14 Synchronous Synchronous 01/01/2024 12/31/2024 084403709A 22
    OH QE 15 14 1 Synchronous Synchronous 04/16/2024 04/10/2027 88587
    OK CE 14 14 Synchronous Synchronous 06/07/2024 04/10/2027 889
    OK QE 15 14 1 Synchronous Synchronous 06/07/2024 04/10/2027 622
    OR CE 15 14 1 Synchronous Synchronous 05/18/2023 01/27/2026 APIN-Q-1222-8958
    OR QE 15 14 1 Synchronous Synchronous 01/28/2023 01/27/2026 APIN-Q-1222-8958
    OR QE 15 14 1 Synchronous Synchronous 01/28/2023 01/27/2026 APIN-Q-1222-8958
    PA CE 14 14 Synchronous Synchronous 01/28/2023 01/27/2026
    PA CE 15 14 1 Synchronous Synchronous 01/28/2023 01/27/2026
    PA QE 15 14 1 Synchronous Synchronous 01/28/2023 01/27/2026
    PA QE 15 14 1 Synchronous Synchronous 01/28/2023 01/27/2026
    PR CE 15 14 1 Synchronous Synchronous 04/16/2024 04/10/2027 88587
    PR QE 15 14 1 Synchronous Synchronous 04/16/2024 04/10/2027 88587
    RI CE 14 14 Synchronous Synchronous 04/17/2024 04/11/2027 REA.0002189-CE
    RI QE 15 14 1 Synchronous Synchronous 04/17/2024 04/11/2027 REA.0002189-CE
    SC QE 15 14 1 Synchronous Synchronous 09/01/2022 08/31/2024 AS.1QE9
    SD CE 15 14 1 Synchronous Synchronous 05/21/2020 06/15/2025 SD 1581 CE
    SD QE 15 14 1 Synchronous Synchronous 04/27/2024 06/15/2025 SD 1581 CE
    TN CE 15 14 1 Synchronous Synchronous 04/01/2024 03/31/2026 975
    TN QE 15 14 1 Synchronous Synchronous 04/01/2024 03/31/2026 975
    UT CE 14 14 Synchronous Synchronous 12/01/2023 11/30/2025 AC231110
    UT QE 15 14 1 Synchronous Synchronous 12/01/2023 11/30/2025 AQ231128
    VA CE 15 14 1 Synchronous Synchronous 05/08/2017
    VA CE 15 14 1 Synchronous Synchronous 04/16/2024 04/10/2027 88587
    VA QE 15 14 1 Synchronous Synchronous 06/01/2023 05/31/2025 4006000800
    VT CE 15 14 1 Synchronous Synchronous 02/28/2024 11/29/2027
    VT QE 15 14 1 Synchronous Synchronous 02/28/2024 11/29/2027
    WI CE 15 14 1 Synchronous Synchronous 01/01/2017
    WI CE 15 14 1 Synchronous Synchronous 04/16/2024 04/10/2027 88587
    WI QE 15 14 1 Synchronous Synchronous 04/16/2024 04/10/2027 88587
    WV CE 15 14 1 Synchronous Synchronous 04/23/2024 04/23/2027
    WV QE 15 14 1 Synchronous Synchronous 04/23/2024 04/23/2027
    WY CE 15 14 1 Synchronous Synchronous 01/28/2023 01/27/2026 340
    WY CE 15 14 1 Synchronous Synchronous 01/28/2023 01/27/2026
    WY QE 15 14 1 Synchronous Synchronous 01/28/2023 01/27/2026
    WY QE 15 14 1 Synchronous Synchronous 01/28/2023 01/27/2026 340
    Course Objectives
    • Identify and document pertinent information from the market for neighborhood/market analysis.
    • Identify a preliminary highest and best use and support the preliminary conclusions after cumulative analysis.
    • Support cost estimates through extraction; reconcile a cost per square foot; and determine physical deterioration by the age/life method and the breakdown method.
    • Derive and reconcile a GRM, market rent, and support for adjustments through the income capitalization approach.
    • Complete paired sales analysis for specific elements and provide support for adjustments.
    • Reconsider your preliminary highest and best use and provide additional support and rationale for the conclusions.
    • Reconcile a final opinion of value for the subject property.
    Course Details

    Assignments:

    Yes. Please CLICK HERE to download the REQUIRED files BEFORE the course begins for important tips and tools. 
     
    To ensure success in this course, it is important that you watch a short preclass video, which details the unique expectations not only for this course/package, but also the preclass assignment as well.
     

    Equipment:

    • A laptop computer is required with a flash drive and Microsoft Word and Excel OR form software with AI Reports® Form 100, Summary Appraisal Report • Residential, installed OR other word processing/spreadsheet program AND Adobe Acrobat Reader software for converting files to PDFs.
    • 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.
    • Free Review: Using a Financial Calculator: Financial Calculator Practice Exercises.Formulas, Symbols, Math Review, and Sample Problems; and 
    • 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:

    Each live online synchronous session runs for 3.5 hours each day with at least 2 breaks during that time. The course runs for 4 half-days.

    Connection Information

    Several minutes after you register, you will receive a second e-mail that includes instructions in how to connect to the synchronous sessions. If you did not receive the connection information, please check your junk, spam, or quarantine folder. Connection e-mail reminders are sent 1 week, 1 day, and 1 hour prior to synchronous session start time.
     
    Disclaimer

    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 Designated member, Candidate for Designation, Practicing Affiliate, or Affiliate of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute, and such peer review proceeding may result in termination of my Appraisal Institute membership, candidacy, and/or affiliation.

     


     

    Requirements:
    Live Online FAQ

    Event Information
    Location:
    This course will be held via live interactive classroom technology. See below for important participation requirements.

    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 format. For more information, see our state approvals page.

    Class Schedule:
    Class begins each day at 10:00AM Central time (8:00AM Pacific, 9:00AM Mountain, 11:00AM Eastern). Each class runs for 3.5 hours each day with at least two breaks during that time. The course runs for four (4) half-days over 1 week as follows. Times shown are U.S. Central (Chicago) time.

    • Day 1: Tuesday, November 12, 10:00 am - 1:30 pm
    • Day 2: Wednesday, November 13, 10:00 am - 1:30 pm
    • Day 3: Thursday, November 14, 10:00 am - 1:30 pm
    • Day 4: Friday, November 15, 10:00 am - 1:30 pm

    Pre-Course Video:
    To succeed in the 45-Hour Residential Package courses, it is imperative to prepare before class and complete and submit an assignment BEFORE attending the live Synchronous course. The pre-course assignment details are presented in the short recorded pre-course webinar. The link to the pre-course webinar recording that explains the process is included in your registration confirmation email.

    Online Session Pre-Course Workfile Assignment Submission:
    The online component of the Advanced Residential Applications and Case Studies/Part 1 course is where you will submit the pre-course assignment for the instructor's review. This is accessible to students beginning 7 days BEFORE the official start date of the live 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 component session. This online component will remain available to you up to 60 days after the Advanced Residential Report Writing/Part 2 live synchronous course end date.

    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. Attendance will be monitored throughout the day through webcams and polling. A photo ID must be presented during roll call at the beginning of class on the first day. 

    • 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 a second email from GoToTraining which will include instructions on connecting to the live session and a link to a small download of the GoToTraining software. The software runs on almost all operating systems and popular browsers. Connection email reminders are re-sent 1 week, 1 day, and 1 hour prior to the live session start time. If you do not receive the connection information, please check your junk, spam, or quarantine folders. For questions, please email 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 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.