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    Review Theory - General

    Register
    March 3-7, 2025 Rockville, MD
    Date
    March 3-7, 2025
    Time
    8:30AM - 4:30PM (EST)
    Sponsor
    Washington DC Metropolitan Area Chapter
    Location
    Greater Capital Area Association of Realtors
    15201 Diamond Back Dr.
    Suite 100
    Rockville, MD 20850
    Instructor
    David C. Lennhoff, MAI, SRA, AI-GRS
    Class Time
    30 hours
    Exam Time
    3 Hours
    Full Price
    $1,200.00
    AI Price
    $900.00
    Enroll by March 3!
    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
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    AK CE 33 30 3 Classroom Classroom 02/21/2024 04/03/2026 19383
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    OK QE 33 30 3 Classroom Classroom 03/07/2024 02/20/2027 676
    OR CE 30 30 Classroom Classroom 05/08/2023 04/04/2026 APIN-C-0423-8983
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    PR QE 33 30 3 Classroom Classroom 02/21/2024 02/20/2027 47905
    RI CE 33 30 3 Classroom Classroom 02/21/2024 02/20/2027 REA.0002121-CE
    RI QE 33 30 3 Classroom Classroom 02/21/2024 02/20/2027 REA.0002121-CE
    SC CE 33 30 3 Classroom Classroom 09/01/2024 08/31/2026 AC . 1346
    SC QE 33 30 3 Classroom Classroom 09/01/2024 08/31/2026 AC . 1346
    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 30 30 Classroom Classroom 10/01/2023 09/30/2025 1687
    TN CE 33 30 3 Classroom Classroom 10/01/2023 09/30/2025 1687
    TN QE 33 30 3 Classroom Classroom 02/21/2024 09/30/2025 1687
    TX CE 30 30 Classroom Classroom 02/21/2024 02/20/2026 TX Provider #:10 Course #: 46278
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    UT QE 33 30 3 Classroom Classroom 07/06/2023 07/31/2025 AQ230701
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    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

    Program Overview:
    Table of Contents and Overview
    Course Schedule

    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.

    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:
    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 03/03/2025
    $1,200.00 $900.00
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    Sponsor Date Location Format
    Southern California Chapter August 11-15, 2025 Santa Ana, CA Classroom View Details Register