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    Practical Application of Fundamental Analysis

    two-businessmen-are-together-analyzing-the-financial-data-graph-and-pointing-to-the-laptop-computer-screen
    Do you find yourself hesitating before taking on an assignment requiring a Level C marketability analysis? Do you think the process is complex and time consuming? When market conditions are changing, an understanding of fundamental demand concepts and the ability to apply them is necessary to do the valuation competently. This seminar simplifies and demystifies the process of fundamental demand analysis. After reviewing market cycles and the basic economic concepts underlying fundamental analysis, you will learn how to implement the six-step process by applying the concepts to three practical case studies dealing with a general office market, land development (subdivision), and a rental apartment building. You will use basic templates that can be used later in your daily work. By the end of the seminar, you should be better prepared to start including fundamental analysis in your work.


    Who Should Enroll
    General appraisers who have limited knowledge of fundamental demand analysis, MAIs who haven’t taken current market analysis courses in the AI curriculum
    AI CE Points
    Attend:
    35
    Course Offerings
    We are not currently offering this course, but please contact us for additional options and more information.
    Course Objectives
    • Distinguish between the fundamental (space-user) and capital (buy-sell) markets and identify the impact each has on real estate values.
    • Identify the four stages of the real estate cycle and recognize the characteristics of each stage.
    • Recognize the characteristics of a market at equilibrium, including equilibrium vacancy, feasibility/equilibrium rent, entrepreneurial incentive, and affordability index.
    • Name the six steps in the six-step marketability analysis process and describe the typical process in each step.
    • Given an equilibrium vacancy rate and quantified estimates of demand and supply, calculate residual demand and the ratio of demand to supply and interpret the result.
    • Calculate subject capture for a property based on a given ratio to pro-rata share of supply.
    • Recognize the strengths and weaknesses of fundamental analysis and identify situations when fundamental analysis should be included in the scope of work.


    Course Materials & Recommended Books
    None specified
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Start Date Expire Date State Code
    AK CE 7 7 Classroom 10/23/2024 10/23/2027 20315
    AK CE 7 7 Synchronous 10/23/2024 10/23/2027 20315
    AR CE 7 7 Classroom 04/13/2024 04/11/2026 AI067
    AR CE 7 7 Synchronous 04/13/2024 04/11/2026 AI067
    AZ CE 7 7 Classroom 12/09/2024 12/09/2027 79267
    AZ CE 7 7 Synchronous 12/09/2024 12/09/2027 79267
    CA CE 7 7 Synchronous 04/04/2022 04/03/2026 22CP754601501
    CA CE 7 7 Classroom 04/04/2022 04/03/2026 22CP754601501
    CO CE 7 7 Classroom 02/24/2025 12/09/2027 2844
    CO CE 7 7 Synchronous 02/24/2025 12/09/2027 2844
    CT CE 7 7 Classroom 11/13/2024 11/13/2027 AAL.001309
    CT CE 7 7 Synchronous 11/13/2024 11/13/2027 AAL.001309
    DC CE 7 7 Classroom 02/29/2024 02/28/2026 6108
    DC CE 7 7 Synchronous 02/29/2024 02/28/2026 6108
    DE CE 7 7 Classroom 12/09/2024 12/09/2027 79267
    DE CE 7 7 Synchronous 12/09/2024 12/09/2027 79267
    FL CE 7 7 Classroom 05/24/2024 05/23/2026 0010393
    GA CE 7 7 Classroom 12/10/2024 12/09/2027 74094
    GA CE 7 7 Synchronous 12/10/2024 12/09/2027 74094
    HI CE 7 7 Classroom 02/01/2025 12/09/2027 24-196
    HI CE 7 7 Synchronous 02/01/2025 12/09/2027 24-196
    IA CE 7 7 Classroom 03/07/2025 12/09/2027 A518-2295
    IA CE 7 7 Synchronous 03/07/2025 12/09/2027 A518-2296
    IL CE 7 7 Classroom 12/26/2024 12/31/2026 575.010588
    IL CE 7 7 Synchronous 12/26/2024 12/31/2026 575.010588
    IN CE 7 7 Classroom 12/09/2024 12/09/2027 79267
    IN CE 7 7 Synchronous 12/09/2024 12/09/2027 79267
    KS CE 7 7 Synchronous 01/01/2025 12/31/2025 344.C25.R
    KS CE 7 7 Classroom 01/01/2025 12/31/2025 344.C25.R
    KY CE 7 7 Classroom 05/31/2025 06/30/2026
    KY CE 7 7 Synchronous 05/31/2025 06/30/2026
    MA CE 7 7 Classroom 10/03/2024 12/09/2027 00120136
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    MD CE 7 7 Classroom 12/09/2024 12/09/2027 79267
    MD CE 7 7 Synchronous 12/09/2024 12/09/2027 79267
    ME CE 7 7 Classroom 12/09/2024 12/09/2027 79267
    ME CE 7 7 Synchronous 12/09/2024 12/09/2027 79267
    MI CE 7 7 Classroom 09/01/2023 09/15/2026 20 - 905360
    MI CE 7 7 Synchronous 09/15/2023 09/15/2026 20 - 905360
    MN CE 7 7 Classroom 05/11/2022 05/31/2026 1033309
    MN CE 7 7 Synchronous 05/11/2022 05/31/2026 1033309
    MO CE 7 7 Classroom 04/28/2025 12/09/2027 0000000049
    MO CE 7 7 Synchronous 04/28/2025 12/09/2027 0000000049
    MT CE 7 7 Classroom 06/12/2025 12/09/2027 REA-CEC-REC-19376
    MT CE 7 7 Synchronous 06/12/2025 12/09/2027 REA-CEC-REC-19376
    NC CE 7 7 Classroom 01/01/2025 12/31/2025 4480
    NC CE 7 7 Synchronous 01/01/2025 12/31/2025 4480
    ND CE 7 7 Classroom 12/09/2024 12/09/2027 79267
    ND CE 7 7 Synchronous 12/09/2024 12/09/2027 79267
    NE CE 7 7 Classroom 05/05/2022 05/05/2027 2221432.02
    NE CE 7 7 Synchronous 01/03/2024 01/03/2029 223341F.02
    NH CE 7 7 Classroom 12/09/2024 12/09/2027
    NH CE 7 7 Synchronous 12/09/2024 12/09/2027
    NJ CE 7 7 Classroom 05/21/2025 12/09/2027 2025-3008
    NJ CE 7 7 Synchronous 05/21/2025 12/09/2027 2025-3008
    NM CE 7 7 Classroom 07/17/2025 12/09/2027 4571
    NM CE 7 7 Synchronous 07/17/2025 12/09/2027 4571
    NV CE 7 7 Classroom 10/07/2025 10/31/2026 CE.0009965-A
    NV CE 7 7 Synchronous 10/07/2025 10/31/2026 CE.0009965-A
    OH CE 7 7 Classroom 01/01/2025 12/31/2025 084501602A 25
    OH CE 7 7 Synchronous 01/01/2025 12/31/2025 084501602A 25
    OK CE 7 7 Classroom 06/30/2025 12/09/2027 790
    OK CE 7 7 Synchronous 06/30/2025 12/09/2027 790
    OR CE 7 7 Classroom 07/23/2025 12/09/2027 APIN-C-0725-9074
    OR CE 7 7 Synchronous 07/23/2025 12/09/2027 APIN-C-0725-9074
    PA CE 7 7 Classroom 07/10/2025 12/09/2027
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    PR CE 7 7 Classroom 12/09/2024 12/09/2027 79267
    PR CE 7 7 Synchronous 12/09/2024 12/09/2027 79267
    RI CE 7 7 Classroom 10/16/2024 12/09/2027 REA.0002290-CE
    RI CE 7 7 Synchronous 10/16/2024 12/09/2027 REA.0002290-CE
    SC CE 7 7 Classroom 09/01/2024 08/31/2026 CE 2018, AC . 2018
    SC CE 7 7 Synchronous 09/01/2024 08/31/2026 AC . 2018, CE2018
    SD CE 7 7 Classroom 03/31/2025 12/09/2027 SD 1533 CE
    SD CE 7 7 Synchronous 03/31/2025 12/09/2027 SD 1533 CE
    TN CE 7 7 Classroom 05/01/2024 04/30/2026 2580
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    TX CE 7 7 Classroom 12/02/2024 12/31/2026 TX provider #: 10 Course #: 43282
    TX CE 7 7 Synchronous 12/02/2024 12/31/2026 TX provider #: 10 Course #: 43282
    UT CE 7 7 Classroom 04/01/2024 03/31/2026 AC240306
    UT CE 7 7 Synchronous 04/01/2024 03/31/2026 AC240306
    VA CE 7 7 Classroom 12/09/2024 12/09/2027 79267
    VA CE 7 7 Synchronous 12/09/2024 12/09/2027 79267
    VT CE 7 7 Synchronous 05/25/2022 04/08/2026
    VT CE 7 7 Classroom 05/25/2022 04/08/2026
    WA CE 7 7 Classroom 04/16/2025 12/09/2027 A25011565
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    WI CE 7 7 Classroom 12/09/2024 12/09/2027 79267
    WI CE 7 7 Synchronous 12/09/2024 12/09/2027 79267
    WV CE 7 7 Classroom 07/25/2025 12/09/2027
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    WY CE 7 7 Classroom 03/31/2024 03/30/2026 1809
    WY CE 7 7 Synchronous 03/31/2024 03/30/2026 1809