Review Theory - General
Register
- Date
- July 22-26, 2024
- Location
- Ontario, CA
- Sponsor
- Southern California Chapter
- Instructor
- Jacinto A. Munoz, Jr., MAI, SRA, AI-GRS, AI-RRS
- Class Time
- 30 hours
- Exam Time
- 3 Hours
- Full Price
- $1,200.00
- AI Price
- $900.00
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
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 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | 19383 |
AK | QE | 33 | 30 | 3 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | 19383 |
AL | CE | 30 | 30 | Classroom | Classroom | 10/01/2022 | 09/30/2024 | C02641 | |
AL | QE | 33 | 30 | 3 | Classroom | Classroom | 10/01/2020 | 09/30/2024 | C02869 |
AR | CE | 33 | 30 | 3 | Classroom | Classroom | 06/01/2022 | 02/20/2024 | AI026 |
AR | CE | 30 | 30 | Classroom | Classroom | 06/01/2022 | 02/20/2024 | AI026 | |
AR | QE | 33 | 30 | 3 | Classroom | Classroom | 06/01/2022 | 02/20/2024 | AI026 |
AZ | CE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
AZ | QE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
CA | CE | 30 | 30 | Classroom | Classroom | 09/20/2021 | 08/04/2025 | 13CP754601061 | |
CA | QE | 33 | 30 | 3 | Classroom | Classroom | 09/20/2021 | 08/04/2025 | 13CP754601061 |
CO | CE | 33 | 30 | 3 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | 2465 |
CO | CE | 30 | 30 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | 2465 | |
CO | QE | 33 | 30 | 3 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | 2465 |
CT | CE | 30 | 30 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | AAL.001049 | |
CT | QE | 33 | 30 | 3 | Classroom | Classroom | 02/21/2021 | 02/20/2024 | |
DC | CE | 32 | 30 | 2 | Classroom | Classroom | 03/01/2020 | 02/28/2024 | 4053 |
DC | CE | 30 | 30 | Classroom | Classroom | 03/01/2020 | 02/28/2024 | 4053 | |
DC | QE | 33 | 30 | 3 | Classroom | Classroom | 07/19/2023 | 02/28/2024 | 6093 |
DE | CE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
DE | QE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
GA | CE | 33 | 30 | 3 | Classroom | Classroom | 07/20/2013 | 64070 | |
GA | CE | 30 | 30 | Classroom | Classroom | 07/21/2013 | 64071 | ||
GA | QE | 33 | 30 | 3 | Classroom | Classroom | 11/12/2020 | 02/20/2024 | |
HI | CE | 30 | 30 | Classroom | Classroom | 05/08/2023 | 12/31/2023 | 22-217 | |
HI | CE | 33 | 30 | 3 | Classroom | Classroom | 05/08/2023 | 12/31/2023 | 22-217 |
HI | CE | 30 | 30 | Classroom | Classroom | 01/01/2024 | 02/20/2024 | 23-372 | |
HI | CE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2024 | 02/20/2024 | 23-372 |
HI | QE | 33 | 30 | 3 | Classroom | Classroom | 05/08/2023 | 12/31/2023 | 22-217 |
HI | QE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2024 | 02/20/2024 | 23-372 |
IA | CE | 30 | 30 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | A518-1189 | |
IA | CE | 33 | 30 | 3 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | A518-1190 |
IA | QE | 33 | 30 | 3 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | A518-1191 |
ID | CE | 33 | 30 | 3 | Classroom | Classroom | 08/17/2017 | 02/20/2024 | 8362 |
ID | CE | 30 | 30 | Classroom | Classroom | 08/17/2017 | 02/20/2024 | 8362 | |
ID | QE | 33 | 30 | 3 | Classroom | Classroom | 08/17/2021 | 02/20/2024 | |
IL | CE | 30 | 30 | Classroom | Classroom | 01/01/2023 | 12/31/2024 | 575.001838 | |
IL | QE | 33 | 30 | 3 | Classroom | Classroom | 11/29/2022 | 12/31/2024 | |
IN | CE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
IN | QE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
KS | CE | 30 | 30 | Classroom | Classroom | 01/01/2023 | 12/31/2023 | 238.C22.R | |
KS | QE | 33 | 30 | 3 | Classroom | Classroom | 07/07/2023 | 12/31/2023 | 467.P23.N |
KY | CE | 33 | 30 | 3 | Classroom | Classroom | 07/01/2023 | 06/30/2024 | |
KY | QE | 33 | 30 | 3 | Classroom | Classroom | 07/01/2023 | 06/30/2024 | |
LA | CE | 33 | 30 | 3 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | A0226 |
LA | CE | 30 | 30 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | A0226 | |
LA | QE | 33 | 30 | 3 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | A0226 |
MA | CE | 30 | 30 | Classroom | Classroom | 02/01/2023 | 02/20/2024 | 10051249 | |
MA | QE | 33 | 30 | 3 | Classroom | Classroom | 07/13/2023 | 02/20/2024 | 120162 |
MD | CE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
MD | QE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
ME | CE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
ME | QE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
MI | CE | 30 | 30 | Classroom | Classroom | 05/07/2023 | 09/05/2026 | 20-1103324 | |
MI | QE | 33 | 30 | 3 | Classroom | Classroom | 11/20/2023 | 11/20/2026 | 20 - 1111068 |
MN | CE | 33 | 30 | 3 | Classroom | Classroom | 09/01/2023 | 06/30/2024 | |
MN | CE | 30 | 30 | Classroom | Classroom | 09/01/2023 | 08/31/2025 | ||
MN | QE | 33 | 30 | 3 | Classroom | Classroom | 08/23/2023 | 08/31/2025 | 1035764 |
MO | CE | 27 | 27 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | ||
MO | QE | 30 | 27 | 3 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | |
MS | CE | 30 | 30 | Classroom | Classroom | 04/01/2023 | 02/24/2024 | MAB #50492 | |
MS | QE | 33 | 30 | 3 | Classroom | Classroom | 03/23/2023 | 02/24/2024 | MAB #50492 |
MT | CE | 30 | 30 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | REA-CEC-REC-16696 | |
MT | QE | 33 | 30 | 3 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | REA-CEC-REC-16696 |
NC | CE | 30 | 30 | Classroom | Classroom | 01/01/2023 | 12/31/2023 | 2091 | |
NC | CE | 30 | 30 | Classroom | Classroom | 01/01/2023 | 12/31/2023 | 2091 | |
ND | CE | 30 | 30 | Classroom | Classroom | 05/12/2023 | 02/20/2024 | CE-223020 | |
ND | CE | 33 | 30 | 3 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | CE-223030 |
ND | CE | 30 | 30 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | CE-223030 | |
ND | QE | 33 | 30 | 3 | Classroom | Classroom | 07/13/2023 | 02/20/2024 | QE-223020 |
NE | CE | 30 | 30 | Classroom | Classroom | 02/20/2014 | 02/20/2024 | 2141406.02 | |
NE | QE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
NH | CE | 33 | 30 | 3 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | |
NH | CE | 30 | 30 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | ||
NH | QE | 33 | 30 | 3 | Classroom | Classroom | 09/06/2023 | 02/20/2024 | |
NJ | CE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
NJ | QE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
NM | CE | 30 | 30 | Classroom | Classroom | 07/19/2023 | 02/20/2026 | 4266 | |
NM | CE | 33 | 30 | 3 | Classroom | Classroom | 07/19/2023 | 02/20/2026 | 4266 |
NM | QE | 33 | 30 | 3 | Classroom | Classroom | 06/15/2023 | 02/20/2026 | 4266 |
NV | CE | 33 | 30 | 3 | Classroom | Classroom | 10/01/2020 | 07/31/2024 | CE.0009737-A |
NV | QE | 33 | 30 | 3 | Classroom | Classroom | 07/27/2023 | 07/31/2024 | PL.0009582-A |
NY | CE | 28 | 28 | Classroom | Classroom | 01/01/2023 | 12/31/2023 | A4131-30 | |
NY | CE | 28 | 28 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | A4862-28 | |
OH | CE | 30 | 30 | Classroom | Classroom | 01/01/2023 | 12/31/2023 | 084303204A 22 | |
OH | CE | 30 | 30 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 084402804A 22 | |
OH | QE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
OK | CE | 30 | 30 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | 850 | |
OK | CE | 33 | 30 | 3 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | 842 |
OK | QE | 33 | 30 | 3 | Classroom | Classroom | 08/09/2023 | 02/20/2024 | 676 |
OR | CE | 30 | 30 | Classroom | Classroom | 05/08/2023 | 04/04/2026 | APIN-C-0423-8983 | |
OR | QE | 33 | 30 | 3 | Classroom | Classroom | 07/15/2023 | 04/04/2026 | APIN-Q- |
PA | CE | 30 | 30 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | ||
PA | QE | 33 | 30 | 3 | Classroom | Classroom | 08/31/2022 | 02/20/2024 | |
PR | CE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
PR | QE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
RI | CE | 33 | 30 | 3 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | REA.0002082-CE |
RI | QE | 33 | 30 | 3 | Classroom | Classroom | 05/07/2023 | 02/20/2024 | |
SC | CE | 30 | 30 | Classroom | Classroom | 09/01/2022 | 08/31/2024 | CE1346 | |
SC | QE | 33 | 30 | 3 | Classroom | Classroom | 09/01/2022 | 08/31/2024 | QEE1364 |
SD | CE | 30 | 30 | Classroom | Classroom | 05/13/2022 | 05/13/2025 | SD 991 CE | |
SD | QE | 33 | 30 | 3 | Classroom | Classroom | 07/18/2023 | 07/18/2026 | SD 697 |
TN | CE | 33 | 30 | 3 | Classroom | Classroom | 10/01/2023 | 09/30/2025 | 1687 |
TN | CE | 30 | 30 | Classroom | Classroom | 10/01/2023 | 09/30/2025 | 1687 | |
TN | QE | 33 | 30 | 3 | Classroom | Classroom | 04/05/2023 | 02/20/2024 | REA.0002012-CE |
TX | CE | 30 | 30 | Classroom | Classroom | 05/06/2023 | 02/20/2024 | TX Provider #:10 Course #: 46278 | |
TX | CE | 33 | 30 | 3 | Classroom | Classroom | 05/08/2023 | 05/16/2024 | TX Provider #:10 Course #: 43311 |
TX | QE | 33 | 30 | 3 | Classroom | Classroom | 08/11/2023 | 02/20/2024 | TX Provider #: 8038 Course #: 47192 |
UT | CE | 33 | 30 | 3 | Classroom | Classroom | 10/01/2020 | 07/31/2025 | AC230709 |
UT | CE | 30 | 30 | Classroom | Classroom | 06/01/2022 | 06/30/2024 | AC220602 | |
UT | QE | 33 | 30 | 3 | Classroom | Classroom | 07/06/2023 | 07/31/2025 | AQ230701 |
VA | CE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
VA | QE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 09/30/2025 | 4006000910 |
VT | CE | 30 | 30 | Classroom | Classroom | 02/08/2021 | 02/08/2025 | ||
VT | QE | 33 | 30 | 3 | Classroom | Classroom | 07/10/2023 | 07/10/2027 | |
WA | CE | 33 | 30 | 3 | Classroom | Classroom | 05/18/2023 | 02/20/2024 | AP3090 |
WA | QE | 33 | 30 | 3 | Classroom | Classroom | 05/18/2023 | 02/20/2024 | AP3090 |
WI | CE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
WI | QE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2022 | 02/20/2024 | 47905 |
WV | CE | 30 | 30 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | ||
WV | CE | 33 | 30 | 3 | Classroom | Classroom | 05/08/2023 | 02/20/2024 | |
WY | CE | 33 | 30 | 3 | Classroom | Classroom | 05/08/2023 | 05/07/2026 | 97 |
WY | QE | 33 | 30 | 3 | Classroom | Classroom | 01/01/2023 | 05/07/2026 |
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
Prerequisites
Course Materials & Recommended Books
Recommended Documents and Texts:
- Uniform Standards of Professional Appraisal Practice (current edition)
- Appraisal Institute Standards of Valuation Practice (SVP) (current edition)
- Review Theory and Procedures: A Systematic Approach to Review in Real Property Valuation
- Appraising the Appraisal: The Art of Appraisal Review, 2nd ed.
- The Appraisal of Real Estate, 15th ed.
Other Useful Texts:
- Capitalization Theory and Techniques Study Guide, 3rd ed.
- Market Analysis for Real Estate, 2nd ed.
- Subdivision Valuation, 2nd ed.
- Scope of Work, 3rd ed.
- The Dictionary of Real Estate Appraisal, 7th ed.
- The Appraiser’s Workbook, 2nd ed. [out of print but available through online sources].
Pricing Options
Rate | Full Price | AI Price |
---|---|---|
Standard
Today thru 07/22/2024 |
$1,200.00 | $900.00 |
Additional Course Offerings
Sponsor | Date | Location | Format | ||
---|---|---|---|---|---|
Appraisal Institute | January 30 - February 9, 2024 | Synchronous | View Details | Register | |
Appraisal Institute | October 28 - November 7, 2024 | Synchronous | View Details | Register |
Disclaimer Information
ENROLLMENT
Enrollment is on a first-come, first served basis. If the
event is filled, a waiting list will be retained. The Southern California
Chapter reserves the rights to cancel, limit, or reschedule this event if the
minimum enrollment level is not reached, and to change faculty assignments and
facility locations at any time. Prospective students should confirm their
registration before making any non-refundable airline reservations. There are
NO transfers; you must cancel out of the offering.
ATTENDANCE
The Appraisal Institute enforces attendance requirements
mandated by state licensing and certification regulatory agencies. The
Appraisal Institute issues certificates for state certification/licensing or
state continuing education credit that verify successful completion and
attendance of 100%, with your grade notification letter for courses, or at the
conclusion of seminars. One hundred percent (100%) attendance is required for
all Appraisal Institute education programs. This follows Appraiser Qualification
Board minimum criteria requirements.
PREREQUISITES
Some classes have prerequisites. Be sure to read the course
description to find out if there are any prerequisites for this course.
REQUIRED TEXTBOOKS
Some classes have required textbooks. Be sure to read the
class description to find out if there are any required textbooks for this
course. There will not be any textbooks for purchase at the class. You must buy
them ahead of time. If you arrive for a class without the required textbook
credit for the class cannot be given and there will be no refund.
REQUIRED EQUIPMENT
Some classes require you bring a laptop and or other
equipment. Be sure to read the class description to determine if any equipment
is required. You are responsible for bringing your own extension cord(s). None
will be provided. Please safeguard your equipment and personal belongings at
all times. The Appraisal Institute, the Southern California Chapter, the
Instructor or the facility will not be responsible for any loss of your
personal belongings.
CLASS MATERIALS TO DOWNLOAD
Some classes are now available with downloadable materials.
If you opted to download class materials instead of having them shipped to you,
you will be required to bring the materials with you on a laptop or as a hard
copy. If you do not have the materials with you credit for the class cannot be
given and there will be no refund. Copies will not be available to you in the
class. You are responsible for bringing your own extension cord(s). None will
be provided.
ADA COMPLIANCE
It is the policy of the Appraisal Institute to provide
reasonable accommodations for qualified persons with disabilities who are
participating in Appraisal Institute educational programs. If you need
accommodations to participate because of a disability, please notify us in
writing at least two weeks in advance of the program and we will arrange for
reasonable accommodation. Without two weeks’ notice, accommodation may not be
available.
ATTENDANCE CERTIFICATE:
With the recent transition to the Appraisal
Institute’s NetForum registration system, attendance certificates will be
available for download directly through the AI’s national website. The
procedure to obtain your certificate is:
Go to www.appraisalinstitute.org
Log into Your AI Account
Select Education/Events on the right sidebar
See List of All Offerings
Scroll to the specific offering which shows
Registered and click
At the very bottom of the screen, click
Retrieve Certificate
NOTE: Allow a minimum of ten business days for
certificates to be available. The Chapter office cannot view, nor can we
retrieve copies of your attendance certificate. Anyone having difficulty
accessing their certificate should contact the Education Delivery Services
Dept. directly at education@appraisalinstitute.org.
Program materials can be downloaded by the student.