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    Residential Market Analysis and Highest & Best Use

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    July 15-18, 2024
    Date
    July 15-18, 2024
    Sponsor
    Appraisal Institute
    Appraisal Institute - Synchronous (Live Online) Location
    Instructor
    Richard L. Borges, II, MAI, SRA, AI-GRS, AI-RRS
    Class Time
    14 hours
    Exam Time
    1 Hour
    Full Price
    $345.00
    AI Price
    $290.00
    Enroll by July 18!
    View Pricing Options
    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 Synchronous Livestream 06/02/2023 05/22/2026 19425
    AK QE 15 14 1 Synchronous Livestream 06/02/2023 05/22/2026 19425
    AL CE 15 14 1 Synchronous Livestream 03/18/2021 09/30/2024 C02684
    AL QE 15 14 1 Synchronous Livestream 03/18/2021 09/30/2024 C02684
    AR CE 15 14 1 Synchronous Livestream 06/13/2023 06/13/2025
    AR QE 15 14 1 Synchronous Livestream 06/13/2023 06/13/2025
    AZ CE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026
    AZ CE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 84801
    AZ QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026
    AZ QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 84801
    CA CE 14 14 Synchronous Livestream 08/22/2022 08/10/2026 14CP754601125
    CA QE 15 14 1 Synchronous Livestream 08/22/2022 08/10/2026 14CP754601125
    CO CE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 2467
    CO CE 14 14 Synchronous Livestream 05/22/2023 05/22/2026 2467
    CO QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 2467
    CT CE 14 14 Synchronous Livestream 05/22/2023 08/05/2025 AAL.001071
    CT QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 AAL.000915
    DC CE 15 14 1 Synchronous Livestream 02/29/2024 02/28/2026 3100
    DC QE 15 14 1 Synchronous Livestream 02/29/2024 02/28/2026 3100
    DE CE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 84801
    DE QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 84801
    FL CE 15 14 1 Synchronous Livestream 09/01/2023 08/31/2025 0010613
    FL QE 15 14 1 Synchronous Livestream 07/12/2023 09/17/2024
    GA CE 15 14 1 Synchronous Livestream 03/09/2004 40584
    GA QE 15 14 1 Synchronous Livestream 03/09/2004 40584
    HI CE 15 14 1 Synchronous Livestream 11/07/2023 12/31/2024 23-413
    HI QE 15 14 1 Synchronous Livestream 11/07/2023 12/31/2024 20-318
    IA CE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 A518-1107
    IA QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 A518-1108
    ID CE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026
    ID QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026
    IL CE 14 14 Synchronous Livestream 01/01/2023 12/31/2024 575.001926
    IL QE 15 14 1 Synchronous Livestream 01/01/2023 12/31/2024 573.000622
    IN CE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 84801
    IN QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 84801
    KS CE 15 14 1 Synchronous Livestream 01/01/2024 12/31/2024 451.C24.N
    KS QE 15 14 1 Synchronous Livestream 01/01/2024 12/31/2024 451.P23.N
    KY CE 15 14 1 Synchronous Livestream 07/01/2023 06/30/2024
    KY QE 15 14 1 Synchronous Livestream 07/01/2023 06/30/2024
    LA CE 14 14 Synchronous Livestream 05/22/2023 05/22/2026 A0005
    LA QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 A0005
    MA CE 14 14 Synchronous Livestream 01/01/2022 03/01/2025 120146
    MA QE 15 14 1 Synchronous Livestream 05/22/2023 05/21/2025 10051268
    MD CE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 84801
    MD QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 84801
    ME CE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 84801
    ME QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 84801
    MI CE 14 14 Synchronous Livestream 09/13/2023 09/13/2026 20 - 1107026
    MI QE 15 14 1 Synchronous Livestream 09/13/2023 09/13/2026 20 - 1107026
    MN CE 15 14 1 Synchronous Livestream 09/01/2023 08/31/2025 43883
    MN QE 15 14 1 Synchronous Livestream 09/01/2023 08/31/2025
    MO CE 15 14 1 Synchronous Livestream 05/22/2020 05/22/2026
    MO QE 15 14 1 Synchronous Livestream 05/22/2020 05/22/2026
    MS CE 14 14 Synchronous Livestream 05/22/2023 07/27/2025 MAB #49713
    MS QE 15 14 1 Synchronous Livestream 05/22/2023 07/27/2025 MAB #49713
    MT CE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 REA-CEC-REC-16797
    MT QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 REA-CEC-REC-16797
    NC QE 15 14 1 Synchronous Livestream 01/01/2024 12/31/2024
    ND QE 15 14 1 Synchronous Livestream 01/01/2022 QE-214009S
    NE QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 84801
    NH CE 14 14 Synchronous Livestream 05/22/2023 05/22/2026
    NH QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026
    NJ CE 15 14 1 Synchronous Livestream 01/01/2024 05/22/2026 2023-3435
    NJ QE 15 14 1 Synchronous Livestream 01/01/2024 05/22/2026 2023-3435
    NM CE 15 14 1 Synchronous Livestream 08/09/2022 05/22/2026 4279
    NM QE 15 14 1 Synchronous Livestream 08/09/2022 05/22/2026 4279
    NV CE 14 14 Synchronous Livestream 02/29/2024 12/31/2024 CE.0008883-A
    NV QE 15 14 1 Synchronous Livestream 01/01/2024 12/31/2024 PL.0597010-A
    NY CE 14 14 Synchronous Livestream 01/01/2024 12/31/2024 A5482-14
    NY QE 15 14 1 Synchronous Livestream 10/01/2022 09/30/2024 Q0207 R7
    OH CE 15 14 1 Synchronous Livestream 01/01/2024 12/31/2024 084401704A 22
    OH QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 84801
    OK CE 14 14 Synchronous Livestream 05/22/2023 05/22/2026 759
    OK QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 611
    OR CE 15 14 1 Synchronous Livestream 07/13/2023 03/21/2026 APIN-Q-0323-8982
    OR QE 15 14 1 Synchronous Livestream 05/01/2023 07/30/2024 APIN-C-0323-8975
    PA CE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026
    PA QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026
    PR CE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 84801
    PR QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 84801
    RI CE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 REA.0002084-CE
    RI QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026
    SC CE 15 14 1 Synchronous Livestream 09/01/2022 08/31/2024 AS.1QE4
    SC QE 15 14 1 Synchronous Livestream 09/01/2022 08/31/2024 AC . 773
    SD CE 15 14 1 Synchronous Livestream 03/22/2022 03/09/2025 SD 364
    SD QE 15 14 1 Synchronous Livestream 03/09/2022 03/09/2025 SD 364
    TN CE 14 14 Synchronous Livestream 02/11/2021 09/30/2024 1787
    TN QE 15 14 1 Synchronous Livestream 02/11/2021 09/30/2024 1787
    TX CE 14 14 Synchronous Livestream 05/22/2023 05/31/2025 TX Provider #:10 Course #:46263
    TX QE 15 14 1 Synchronous Livestream 03/01/2023 01/31/2025 TX Provider #: 8038 Course #: 27853
    UT CE 14 14 Synchronous Livestream 10/01/2022 09/30/2024 AC200910
    UT QE 15 14 1 Synchronous Livestream 10/01/2022 09/30/2024 AQ220914
    VA CE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 84801
    VA QE 15 14 1 Synchronous Livestream 10/01/2023 05/31/2025 4006000474
    VT CE 14 14 Synchronous Livestream 01/01/2022 01/21/2025
    VT QE 15 14 1 Synchronous Livestream 01/01/2022 01/21/2025
    WA CE 15 14 1 Synchronous Livestream 06/02/2023 05/22/2026 A23016585
    WA QE 15 14 1 Synchronous Livestream 06/02/2023 05/22/2026 A23016585
    WI CE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 84801
    WI QE 15 14 1 Synchronous Livestream 05/22/2023 05/22/2026 84801
    WV CE 14 14 Synchronous Livestream 05/22/2023 05/22/2026
    WV QE 15 15 Synchronous Livestream 05/22/2023 05/22/2026
    WY CE 15 14 1 Synchronous Livestream 05/22/2023 05/21/2026
    WY QE 15 14 1 Synchronous Livestream 05/22/2023 08/08/2025 1945
    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:
    Table of Contents and Overview
    Course Schedule

    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:

    Course Materials Include:

    • Course Handbook (377 pp.)
    • Pre-Class Download (7 pp.)
    • Pre-Class Memo (1 p.)
    • Overview (18 pp.) 
    Required/Recommended Equipment:

    You will be asked to clear the calculator’s memory before and after the examination. Only one calculator is permitted in the testing room. Examinees taking most AI exams may bring their own calculator to use during the exam. Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.

    Requirements:
    None

    Prerequisites
    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 07/18/2024
    $345.00 $290.00
    Have Exam Questions?
    Additional Course Offerings
    Sponsor Date Location Format
    Appraisal Institute On Demand Online View Details Register
    Hoosier State Chapter June 4-5, 2024 Indianapolis, IN Classroom View Details Register
    Tennessee Chapter September 10-11, 2024 Nashville, TN Classroom View Details Register
    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
    three hours and forty-five minutes (3.75 hours) each day with at least two breaks during that time. The course runs for four (4) half-days.
    Times shown are U.S. Central (Chicago) time.


    Day 1: Monday, July 15, 10:00 am - 1:45 pm
    Day 2: Tuesday, July 16, 10:00 am - 1:45 pm
    Day 3: Wednesday, July 17, 10:00 am - 1:45 pm
    Day 4: Thursday, July 18, 10:00 am - 1:45 pm

     

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

    • 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.