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    Review Theory - General

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    October 28 - November 7, 2024
    Date
    October 28 - November 7, 2024
    Sponsor
    Appraisal Institute
    Location
    Appraisal Institute - Synchronous (Live Online)
    Instructor
    Steven M. Shockley, MAI, SRA, AI-GRS, AI-RRS
    Class Time
    30 hours
    Exam Time
    3 Hours
    Full Price
    $1,200.00
    AI Price
    $900.00
    Enroll by November 7!
    View Pricing Options
    Course Description

    This fundamental review course that all reviewers of assignments involving income-producing and other nonresidential properties should have in their educational background. It is a required course for individuals pursuing the Appraisal Institute General Review Designation (AI-GRS, Appraisal Institute General Review Specialist). At the core of this course is the review process. Participants explore the seven steps outlined in this process as they apply to nonresidential properties. To be a reviewer, an appraiser must learn how to develop opinions of completeness, accuracy, adequacy, relevance, and reasonableness relative to the work under review. These opinions must be refined through tests of reasonableness to develop reconciled opinions of appropriateness and credibility. The material provides a refresher on key valuation skills often required of reviewers, such as measuring financial feasibility in highest and best use analysis and various applications of the income capitalization approach. In addition, the course covers reporting reviews for income-producing property and the use of commercial review report forms, narrative reports, and oral review reports. Participants will gain practice in writing a scope of work statement for three types of assignments. They will also develop a template for a narrative review report on a property type of their choice (office, retail, apartment, etc.). By taking this course, participants will gain invaluable confidence in the fundamentals of review through the review process, which is the core of this course. To be a reviewer, an appraiser must learn how to develop opinions of completeness, accuracy, adequacy, relevance, and reasonableness relative to the work under review. These opinions must be refined through tests of reasonableness in order to develop opinions of appropriateness and credibility. By taking this course, participants may gain invaluable confidence on the fundamentals of review.

    Who Should Enroll
    • Certified general real property appraisers
    • Attorneys
    • Accountants
    • Government agency reviewers
    • Users of appraisal services
    AI CE Points
    Attend:
    275
    Attend & Pass Exam:
    375
    Pass Only:
    100
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 33 30 3 Synchronous Synchronous 07/01/2023 04/03/2026 18477, 19383
    AK CE 30 30 Synchronous Synchronous 07/01/2023 04/03/2026 18477
    AK QE 33 30 3 Synchronous Synchronous 12/20/2021 04/03/2026 18477, 19383
    AL CE 30 30 Synchronous Synchronous 10/01/2022 09/30/2024 C02786
    AL QE 33 30 3 Synchronous Synchronous 10/01/2020 09/30/2024 C02869
    AZ CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 47905
    AZ QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 47905
    CA CE 30 30 Synchronous Livestream 01/01/2022 08/04/2025 13CP754601061
    CA CE 30 30 Synchronous Synchronous 09/06/2022 09/05/2026 18CP754601334
    CA QE 33 30 3 Synchronous Synchronous 09/20/2021 08/04/2025 13CP754601061
    CO CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 2580
    CO CE 30 30 Synchronous Synchronous 02/21/2024 02/20/2027
    CO QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 2580
    CT CE 18 18 Synchronous Synchronous 03/13/2024 02/20/2027 AAL.001202
    CT QE 33 30 3 Synchronous Synchronous 03/13/2024 02/20/2027 APR.000337
    DC CE 33 30 3 Synchronous Synchronous 02/29/2024 02/28/2026
    DC QE 33 30 3 Synchronous Synchronous 02/29/2024 02/28/2026 6093
    DE CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 47905
    DE QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 47905
    FL CE 20 20 Synchronous Synchronous 09/22/2023 09/21/2025 0010643
    FL CE 20 20 Synchronous Livestream 02/28/2023 02/27/2025 0010508
    GA CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 77474
    GA QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 77474
    HI CE 30 30 Synchronous Synchronous 01/01/2024 08/21/2024 23-498
    HI CE 33 30 3 Synchronous Synchronous 01/01/2024 08/21/2024 23-498
    HI QE 33 30 3 Synchronous Synchronous 01/01/2024 08/21/2024 23-498
    IA CE 30 30 Synchronous Synchronous 02/21/2024 02/20/2027 A518-1189
    IA CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 A518-1190
    IA QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 A518-1191
    ID CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 8362
    ID QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027
    IL CE 33 30 3 Synchronous Synchronous 01/01/2023 12/31/2024 575.010281
    IL QE 33 30 3 Synchronous Synchronous 11/29/2022 12/31/2024
    IN CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 47905
    IN QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 47905
    KS CE 33 30 3 Synchronous Synchronous 01/01/2024 12/31/2024 240.C24.R
    KS QE 33 30 3 Synchronous Synchronous 01/01/2024 12/31/2024 468.P24.N
    KY CE 30 30 Synchronous Synchronous 07/01/2024 05/30/2025
    KY QE 33 30 3 Synchronous Synchronous 07/01/2024 05/30/2025
    LA CE 30 30 Synchronous Synchronous 02/21/2024 02/20/2027
    LA QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027
    MA CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 10051249
    MD CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 47905
    MD QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 47905
    ME CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 47905
    ME QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 47905
    MI CE 30 30 Synchronous Synchronous 02/21/2024 09/05/2026 20-1103324
    MI QE 33 30 3 Synchronous Synchronous 11/20/2023 11/20/2026 20 - 1111068
    MN QE 33 30 3 Synchronous Synchronous 08/23/2023 08/31/2025 1035764
    MO CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027
    MO QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027
    MT CE 30 30 Synchronous Synchronous 02/21/2024 11/30/2026 REA-CEC-REC-17163
    MT QE 33 30 3 Synchronous Synchronous 02/21/2024 11/30/2026 REA-CEC-REC-17163
    NC CE 30 30 Synchronous Synchronous 01/01/2024 12/31/2024 4243
    ND CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 CE-223030
    ND QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 QE-223020
    NJ CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 2024-3010
    NJ QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 2024-3010
    NM CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2026 3189
    NM QE 33 30 3 Synchronous Synchronous 06/16/2023 02/20/2026 4266
    NV CE 33 30 3 Synchronous Synchronous 12/01/2023 07/31/2024 CE.0009737-A
    NV QE 33 30 3 Synchronous Synchronous 07/27/2023 07/31/2024 PL.0009582-A
    NY CE 28 28 Synchronous Synchronous 01/01/2024 12/31/2024 A4862-28
    OH CE 30 30 Synchronous Synchronous 01/01/2024 12/31/2024 084402804A 22
    OH QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 47905
    OK CE 33 30 3 Synchronous Synchronous 03/07/2024 02/20/2027 850
    OK QE 33 30 3 Synchronous Synchronous 03/07/2024 02/20/2027 676
    OR CE 33 33 Synchronous Synchronous 05/08/2023 04/04/2026 APIN-C-0423-8983
    OR QE 33 30 3 Synchronous Synchronous 07/15/2023 04/04/2026 APIN-Q-
    PA CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027
    PA QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027
    PR CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 47905
    PR QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 47905
    RI CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 REA.0002121-CE
    RI QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 REA.0002121-CE
    SC CE 30 30 Synchronous Synchronous 09/01/2022 08/31/2024 DE1731
    SC QE 33 30 3 Synchronous Synchronous 09/01/2022 08/31/2024 QEE1346
    SD CE 33 30 3 Synchronous Synchronous 05/13/2022 05/13/2025 SD 991 CE
    SD QE 33 30 3 Synchronous Synchronous 07/18/2023 07/18/2026 SD 697
    TN CE 33 30 3 Synchronous Synchronous 07/01/2024 09/30/2025 1687
    TN QE 33 30 3 Synchronous Synchronous 10/01/2023 09/30/2025 1687
    TX CE 30 30 Synchronous Synchronous 02/21/2024 02/20/2026 TX Provider #:10 Course #: 46278
    TX QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 TX Provider #: 8038 Course #: 48943
    UT CE 33 30 3 Synchronous Synchronous 07/01/2024 06/30/2026 AC240606
    UT QE 33 30 3 Synchronous Synchronous 07/06/2023 07/31/2025 AQ230701
    VA CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 47905
    VA QE 33 30 3 Synchronous Synchronous 01/01/2022 09/30/2025 4006000910
    VT CE 33 30 3 Synchronous Synchronous 02/08/2021 02/08/2025
    VT CE 30 30 Synchronous Livestream 01/01/2022 02/08/2025
    VT QE 33 30 3 Synchronous Synchronous 07/10/2023 02/08/2025
    WA CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 A3090
    WA QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 A3090
    WI CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 47905
    WI QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027 47905
    WV CE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027
    WV QE 33 30 3 Synchronous Synchronous 02/21/2024 02/20/2027
    WY CE 33 30 3 Synchronous Synchronous 02/21/2024 03/20/2027 401
    WY QE 33 30 3 Synchronous Synchronous 02/21/2024 03/20/2027 401
    Course Objectives
    • Distinguish between appraisal and review.
    • Evaluate the necessary knowledge and skills required to complete reviews.
    • Distinguish between trivial and material errors.
    • Identify types of review assignments and the process employed in the reviewer’s scope of work.
    • Recognize regulatory compliance issues for review appraisers.
    • Identify the steps necessary to communicate the review effectively.
    Course Details

    Assignments:

    Yes. 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:

    • 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.
    • For help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.
    • HP-12C calculator User’s Manual.

    Additional Information:

    Course Materials Include:

    • Course Handbook (429 pp.)
    • Suggested Solutions (172 pp.)
    • Pre-Class Downloads (3 MB)
    • Pre-Class Memo (1 p.) 
    Designated Members, Candidates for Designation, and Practicing Affiliates will receive the discounted AI Price for Advanced Education courses: Review Theory—General and Review Case Studies—General. All others will pay full price.
     
    Review Theory—General is required for individuals pursuing the Appraisal Institute General Review Designation (AI-GRS – Appraisal Institute – General Review Specialist). For more information regarding the requirements for the review designation, please click here.

    If you are currently designated, view for more information on the alternative path.

    If you are currently a Candidate for Designation, or wish to become a Candidate, view here for the specific designation requirements.

    Requirements:

    Live Online Education FAQ

    A laptop computer is required. Word processing software must be installed and operational. This course includes writing exercises.

    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 11/07/2024
    $1,200.00 $900.00
    Have Exam Questions?
    Additional Course Offerings
    Sponsor Date Location Format
    Southern California Chapter July 22-26, 2024 Santa Ana, CA Classroom View Details Register
    Washington DC Metropolitan Area Chapter September 5-13, 2024 Rockville, MD 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 formatFor 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 four (4) hours each day with at least two breaks during that time. The course runs for eight (8) half-days. Times shown are U.S. Central (Chicago) time.


    Day 1: Monday, October 28, 10:00 am - 2:00 pm
    Day 2: Tuesday, October 29, 10:00 am - 2:00 pm
    Day 3: Wednesday, October 30, 10:00 am - 2:00 pm
    Day 4: Thursday, October 31, 10:00 am - 2:00 pm

    (No class on Friday, Saturday or Sunday)
    Day 5: Monday, November 4, 10:00 am - 2:00 pm
    Day 6: Tuesday, November 5, 10:00 am - 2:00 pm
    Day 7: Wednesday, November 6, 10:00 am - 2:00 pm
    Day 8: Thursday, November 7, 10:00 am - 2:00 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 with their face clearly visible 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.