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    Residential Market Analysis and Highest & Best Use

    More Info Register
    On Demand
    Date
    On Demand
    Sponsor
    Appraisal Institute
    Location
    Instructor
    Edward T. Molinari, SRA, AI-RRS
    Thomas R. Kirby, MAI, SRA
    Class Time
    14 hours
    Exam Time
    1 Hour
    Full Price
    $345.00
    AI Price
    $290.00
    Course Description
    This course provides a fresh look at the relationship between market analysis and highest and best use. Discover where to find and interpret the information you need to make a highest and best use decision. Learn how to read and map a market area for a subject property and discover the essential links between market analysis, highest and best use analysis, and the three approaches to value (cost, sales comparison, and income capitalization). Gain practical experience by solving highest and best use problems similar to problems you might encounter in the real world. Theory is translated into practice through extensive and varied classroom activities where you’ll apply concepts to real-world situations.

    Successful completion of the course and exam should satisfy most states' education requirements in the content area identified as residential market analysis and highest and best use.
     
     
     
    Who Should Enroll
    • Those seeking residential real property appraiser licensure or certification
    • Residential real property appraisers who want to learn more about how proper market analysis supports highest and best use conclusions and other steps in the valuation process
    AI CE Points
    Attend:
    70
    Attend & Pass Exam:
    140
    Pass Only:
    125
    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 Online Online 10/05/2022 09/22/2025 18901
    AK QE 15 14 1 Online Online 10/05/2022 09/22/2025 18901
    AL CE 15 14 1 Online Online 10/01/2022 09/30/2024 C02679
    AL QE 15 14 1 Online Online 10/01/2022 09/30/2024 C02679
    AR CE 15 14 1 Online Online 12/28/2022 12/28/2024
    AR CE 14 14 Online Online 12/28/2022 12/28/2024
    AR QE 15 14 1 Online Online 12/28/2022 12/28/2024
    AZ CE 15 14 1 Online Online 09/22/2022 08/08/2025 82180
    AZ QE 15 14 1 Online Online 09/22/2022 08/08/2025 82180
    CA CE 14 14 Online Online 11/06/2023 11/05/2027 19CP754601400
    CA QE 15 14 1 Online Online 11/06/2023 11/05/2027 19CP754601400
    CO CE 14 14 Online Online 10/11/2022 08/08/2025 2286
    CO CE 15 14 1 Online Online 10/11/2022 08/08/2025 2286
    CO QE 15 14 1 Online Online 10/11/2022 08/08/2025 2286
    CT CE 14 14 Online Online 07/08/2016 06/08/2025
    CT QE 15 14 1 Online Online 07/11/2022 06/08/2025 APR.000261
    DC CE 15 14 1 Online Online 02/29/2024 02/28/2026 4082
    DC QE 15 14 1 Online Online 02/29/2024 02/28/2026 4082
    DE CE 15 14 1 Online Online 09/22/2022 08/08/2025 82180
    DE QE 15 14 1 Online Online 09/22/2022 08/08/2025 82180
    FL CE 14 14 Online Online 07/28/2023 07/27/2025 0009441
    FL QE 15 14 1 Online Online 07/28/2023 07/27/2025 0009941
    GA CE 14 14 Online Online 10/24/2022 09/22/2025 75751
    GA QE 15 14 1 Online Online 10/24/2022 09/22/2025
    HI CE 15 14 1 Online Online 11/07/2023 12/31/2024 23-389
    HI CE 14 14 Online Online 11/07/2023 12/31/2024 23-389
    HI QE 15 14 1 Online Online 11/07/2023 12/31/2024 23-389
    IA CE 15 14 1 Online Online 08/09/2022 08/08/2025 A518-1252
    IA CE 14 14 Online Online 08/09/2022 08/08/2025 A518-1251
    IA QE 15 14 1 Online Online 08/09/2022 08/08/2025 A518-1253
    ID CE 15 14 1 Online Online 10/26/2022 09/22/2025
    ID QE 15 14 1 Online Online 08/09/2022 09/22/2025
    IL CE 14 14 Online Online 01/01/2023 12/31/2024 575.001294
    IL QE 15 14 1 Online Online 01/01/2023 12/31/2024 573.000486
    IN CE 15 14 1 Online Online 09/22/2022 08/08/2025 82180
    IN QE 15 14 1 Online Online 09/22/2022 08/08/2025 82180
    KS CE 14 14 Online Online 01/01/2024 12/31/2024 227.C24.R
    KS QE 15 14 1 Online Online 01/01/2024 12/31/2024 326.P24.R
    KY CE 15 14 1 Online Online 07/01/2023 06/30/2024
    KY QE 15 14 1 Online Online 07/01/2023 06/30/2024
    LA CE 14 14 Online Online 01/01/2024 12/31/2024 A0245
    LA QE 15 14 1 Online Online 01/01/2024 12/31/2024 A0245
    MA CE 15 14 1 Online Online 08/09/2022 08/08/2025 10051122
    MA QE 15 14 1 Online Online 06/19/2023 08/08/2025 120160
    MD CE 15 14 1 Online Online 09/22/2022 08/08/2025 82180
    MD QE 15 14 1 Online Online 09/22/2022 08/08/2025 82180
    ME CE 15 14 1 Online Online 09/22/2022 08/08/2025 82180
    ME QE 15 14 1 Online Online 09/22/2022 08/08/2025 82180
    MI CE 14 14 Online Online 11/07/2022 09/22/2025 3528
    MI QE 15 14 1 Online Online 11/07/2022 09/22/2025 3528
    MN CE 15 14 1 Online Online 08/01/2023 07/31/2025 1018753
    MN QE 15 14 1 Online Online 08/01/2023 07/31/2025 1018752
    MO CE 14 14 Online Online 10/21/2022 08/08/2025
    MO QE 15 14 1 Online Online 10/21/2022 08/08/2025
    MS CE 14 14 Online Online 10/27/2022 10/27/2024 MAB #7325
    MS QE 15 14 1 Online Online 10/27/2022 10/27/2024 MAB #7325
    MT CE 14 14 Online Online 10/20/2022 08/08/2025 REA-CEC-REC-15814
    MT QE 15 14 1 Online Online 10/20/2022 08/08/2025 REA-CEC-REC-15814
    NC QE 15 14 1 Online Online 01/01/2024 12/31/2024
    ND CE 15 14 1 Online Online 12/18/2007 QE-2715
    ND QE 15 14 1 Online Online 12/18/2007 QE-2715
    NE CE 14 14 Online Online 01/01/2022 09/22/2025
    NE QE 15 14 1 Online Online 09/01/2019 08/08/2022 1192486.02
    NE QE 15 14 1 Online Online 09/22/2022 08/08/2025 82180
    NH CE 15 14 1 Online Online 12/15/2022 08/08/2025
    NH QE 15 14 1 Online Online 12/15/2022 08/08/2025
    NJ CE 15 14 1 Online Online 10/19/2022 09/22/2025 2022-3471
    NJ QE 15 14 1 Online Online 10/19/2022 09/22/2025 2022-3471
    NM CE 14 14 Online Online 08/09/2022 08/08/2025 4280
    NM QE 15 14 1 Online Online 08/09/2022 08/08/2025 4280
    NV CE 14 14 Online Online 08/01/2022 06/30/2024 CE.0009719-A
    NV QE 15 14 1 Online Online 01/01/2024 12/31/2024 PL.0597012-A
    NY CE 14 14 Online Online 01/01/2024 12/31/2024 A5482-14
    NY QE 15 14 1 Online Online 10/01/2022 09/30/2024 Q0207 R7
    OH CE 14 14 Online Online 01/01/2024 12/31/2024 923401812A 23
    OH QE 15 14 1 Online Online 09/22/2022 08/08/2025 82180
    OK CE 14 14 Online Online 10/13/2022 09/22/2025 933
    OK QE 15 14 1 Online Online 08/09/2022 08/08/2025 60D
    OR CE 14 14 Online Online 10/12/2022 08/08/2025 APIN-Q-1022-8947
    OR QE 15 14 1 Online Online 10/12/2022 08/08/2025 APIN-Q-1022-8947
    PA CE 15 14 1 Online Online 08/31/2023 05/22/2026
    PA QE 15 14 1 Online Online 08/31/2023 05/22/2026
    PR CE 15 14 1 Online Online 09/22/2022 08/08/2025 82180
    PR QE 15 14 1 Online Online 09/22/2022 08/08/2025 82180
    RI CE 14 14 Online Online 10/12/2022 09/22/2025 REA.0001929-CE
    RI QE 15 14 1 Online Online 10/12/2022 09/22/2025 REA.0001929-CE
    SC QE 15 14 1 Online Online 09/01/2022 08/31/2024 AS.1DQE-4
    SD CE 15 14 1 Online Online 11/01/2022 10/12/2025 SD 462
    SD QE 15 14 1 Online Online 11/01/2022 10/12/2025 SD 462
    TN CE 14 14 Online Online 12/01/2023 11/30/2025 1140
    TN QE 15 14 1 Online Online 12/01/2023 11/30/2025 1140
    TX CE 15 14 1 Online Online 12/13/2022 08/08/2024 TX Provider #:10 Course #:44950
    TX QE 15 14 1 Online Online 11/01/2023 08/08/2025 TX Provider #: 8038 Course #: 31430
    UT CE 14 14 Online Online 04/01/2023 03/31/2025 AC230335
    UT QE 15 14 1 Online Online 04/01/2024 03/31/2026 AQ240309
    VA CE 15 14 1 Online Online 09/22/2022 08/08/2025 82180
    VA QE 15 14 1 Online Online 12/15/2021 11/30/2025 4006000509
    VA QE 15 14 1 Online Online 12/01/2023 11/30/2025 4006000509
    VT CE 14 14 Online Online 08/02/2021 08/02/2025
    VT QE 15 14 1 Online Online 08/02/2021 08/02/2025
    WA CE 14 14 Online Online 10/11/2022 08/08/2025 A22027416
    WA QE 15 14 1 Online Online 10/11/2022 08/08/2025 A22027416
    WI CE 15 14 1 Online Online 09/22/2022 08/08/2025 82180
    WI QE 15 14 1 Online Online 09/22/2022 08/08/2025 82180
    WV CE 14 14 Online Online 02/02/2023 09/22/2025
    WV QE 15 15 Online Online 02/02/2023 09/22/2025
    WY CE 14 14 Online Online 10/13/2022 09/22/2025
    WY QE 15 14 1 Online Online 10/13/2022 09/22/2025
    Course Objectives
    • Identify how highest and best use and market analysis fit into the valuation process.
    • Identify ways that market analysis is applied in the valuation process.
    • Recognize major value-influencing forces in residential properties. 
    • Identify variables that affect the supply of residential properties.
    • Apply market analysis information in a highest and best use analysis.
    • Apply market analysis information in the cost, sales comparison, and income capitalization approaches to value.
    • Apply market analysis information in the reconciliation to a final value opinion.
    • Demonstrate how highest and best use analysis incorporates data from the cost, sales comparison, and income capitalization approaches to value.
    Course Details

    Program Overview:
    Online Syllabus

    Assignments:

    No required assignments for Online. You will work through case studies as you advance through the material.
     
    Yes, for Classroom. After you register for this class, please go to your Education and Events page for details on what you must complete BEFORE class begins. To access your Education and Events page, log on to the Appraisal Institute website at https://ai.appraisalinstitute.org/eweb (click on the three horizontal lines to the left of the AI logo and select “My AI Account” from the drop-down menu).
     

    Equipment:

    Additional Information:

    Exam:
    You will have 90 days from the time that you complete the course to take the proctored, offline exam. Testing center locations in your area can be found by clicking on this link:www.pearsonvue.com/ai.
    Exam FAQ

    Online Course Access
    Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.
    1. Click "Education and Events" on the right navigation menu.
    2. Find the course under the “Online Courses” heading and click the “Begin” button.
    IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue.

    Technology-Based Education Student Disclaimer
    I agree to the terms and policies set forth under the Appraisal Institute Education Policy. I also certify that I am the person identified under Personal Data and that I will personally complete each assigned component 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.

    Other Details
    For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions.

    Requirements:

    Online Education FAQ

    Prerequisites
    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 12/31/2050
    $345.00 $290.00
    Have Exam Questions?
    Additional Course Offerings
    Sponsor Date Location Format
    Hoosier State Chapter June 4-5, 2024 Indianapolis, IN Classroom View Details Register
    Appraisal Institute July 15-18, 2024 Synchronous View Details Register
    Tennessee Chapter September 10-11, 2024 Nashville, TN Classroom View Details Register
    Event Information
    Students should confirm state approvals prior to registering for any Appraisal Institute program.