Practical Application of Fundamental Analysis
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
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
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 | |
| MA | CE | 7 | 7 | Synchronous | 10/03/2024 | 12/09/2027 | 00120136 | |
| 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 | ||
| PA | CE | 7 | 7 | Synchronous | 07/10/2025 | 12/09/2027 | ||
| 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 | |
| TN | CE | 7 | 7 | Synchronous | 05/01/2024 | 04/30/2026 | 2580 | |
| 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 | |
| WA | CE | 7 | 7 | Synchronous | 04/16/2025 | 12/09/2027 | A25011565 | |
| 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 | ||
| WV | CE | 7 | 7 | Synchronous | 07/25/2025 | 12/09/2027 | ||
| WY | CE | 7 | 7 | Classroom | 03/31/2024 | 03/30/2026 | 1809 | |
| WY | CE | 7 | 7 | Synchronous | 03/31/2024 | 03/30/2026 | 1809 |