- Date
- March 16-19, 2026
- Time
- 1:00pm - 4:45pm (CST)
- Sponsor
- Appraisal Institute
- Location
- Appraisal Institute - Synchronous (Live Online)
- Instructor
- Woody R. Fincham, SRA, AI-RRS
- Class Time
- 15 hours
- Exam Time
- 2 Hours
- Full Price
- $1,000.00
- AI Price
- $750.00
Course Description
All reviewers of residential appraisals should take this fundamental course. You will explore the seven steps in the process as they apply to reviews of residential work including, but not limited to, those subject to GSE requirements. 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. You’ll see how requirements of the review process compare with those of the Fannie Mae Form 2000/Freddie Mac Form 1032, One-Unit Residential Review Form as well as other GSE documents such as the Fannie Mae Selling Guide. You’ll also review complex or challenging residential review assignments such as those involving limited data, nonconforming properties, less common ownership types, or unusual properties such as geodesic domes and hobby farms. By taking this course, you'll gain invaluable confidence in the fundamentals of review.
Who Should Enroll
- Certified residential 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 | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|
| AL | CE | 17 | 15 | 2 | Synchronous | 11/24/2025 | 09/30/2026 | C02933 |
| AR | CE | 17 | 15 | 2 | Synchronous | 11/24/2025 | 10/02/2027 | AI111 |
| CA | CE | 15 | 15 | Synchronous | 08/05/2025 | 08/04/2029 | 13CP754601060 | |
| CA | QE | 15 | 15 | Synchronous | 08/05/2025 | 08/04/2029 | 13CP754601060 | |
| CT | CE | 15 | 15 | Synchronous | 02/11/2026 | 02/11/2029 | AAL.001534 | |
| DC | CE | 17 | 15 | 2 | Synchronous | 11/24/2025 | 02/28/2026 | |
| GA | CE | 15 | 15 | Synchronous | 09/06/2023 | 64073 | ||
| GA | CE | 17 | 15 | 2 | Synchronous | 09/06/2023 | 64072 | |
| IL | CE | 17 | 15 | 2 | Synchronous | 11/24/2025 | 12/31/2026 | 575.001841 |
| KS | CE | 17 | 15 | 2 | Synchronous | 01/01/2026 | 12/31/2026 | C119-116 |
| KY | CE | 15 | 15 | Synchronous | 05/31/2025 | 06/30/2026 | ||
| KY | CE | 17 | 15 | 2 | Synchronous | 05/31/2025 | 06/30/2026 | |
| MA | CE | 17 | 15 | 2 | Synchronous | 01/29/2026 | 01/09/2028 | 00120246 |
| MI | CE | 15 | 15 | Synchronous | 11/24/2025 | 07/16/2028 | 20-607854 | |
| MN | CE | 15 | 15 | Synchronous | 11/24/2025 | 10/31/2027 | 1039597 | |
| MN | CE | 17 | 15 | 2 | Synchronous | 11/24/2025 | 10/31/2027 | 1039596 |
| MO | CE | 15 | 15 | Synchronous | 11/24/2025 | 06/28/2026 | ||
| MO | QE | 17 | 15 | 2 | Synchronous | 11/24/2025 | 06/28/2026 | |
| NC | CE | 15 | 15 | Synchronous | 01/01/2026 | 12/31/2026 | 2090 | |
| NE | CE | 15 | 15 | Synchronous | 11/24/2025 | 08/17/2027 | 2172429.02 | |
| NH | CE | 15 | 15 | Synchronous | 02/06/2026 | 02/06/2028 | ||
| NH | QE | 17 | 15 | 2 | Synchronous | 02/06/2026 | 02/06/2028 | |
| NV | CE | 15 | 15 | Synchronous | 11/24/2025 | 07/31/2026 | CE.0009734-A | |
| NV | QE | 17 | 15 | 2 | Synchronous | 10/01/2025 | 09/30/2026 | PL.0597017-A |
| NY | CE | 15 | 15 | Synchronous | 01/01/2026 | 12/31/2026 | A4690-15 | |
| OH | CE | 15 | 15 | Synchronous | 01/01/2026 | 12/31/2026 | 084602003A 25 | |
| SC | CE | 17 | 15 | 2 | Synchronous | 11/24/2025 | 08/31/2026 | AC . 1345 |
| TN | CE | 15 | 15 | Synchronous | 11/24/2025 | 09/30/2027 | 1686 | |
| VT | CE | 15 | 15 | Synchronous | 11/24/2025 | 03/20/2029 | ||
| VT | CE | 17 | 15 | 2 | Synchronous | 11/24/2025 | 03/20/2029 |
Course Objectives
- Define review.
- 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.
Equipment:
A basic-function calculator is required. You may use a financial calculator if you wish.
Additional Information:
Course Materials Include:
- Course Handbook (370 pp.)
- Pre-Class Downloads (3.32 MB)
- Pre-Class Memo (1 p.)
Designated members, Candidates for Designation, and Associate Members will receive the discounted AI Price for review designation education courses: Review Theory—Residential and Review Case Studies—Residential. All others will pay full price. Review Theory—Residential is required for individuals pursuing the Appraisal Institute Residential Review Designation (AI-RRS – Appraisal Institute Residential Review Specialist). See more information regarding the requirements for the review designation.
If you are currently designated, view more information on the alternative path.
Requirements:
None
Prerequisites
None. However, this course was written for appraisers at the certified residential level.
Recommended:
Course Materials & Recommended Books
- Review Theory and Procedures: A Systematic Approach to Review in Real Property Valuation
- Uniform Standards of Professional Appraisal Practice, current ed.
- Residential Property Appraisal
- Appraising the Appraisal: The Art of Appraisal Review, 2nd ed.
- The Appraisal of Real Estate, 15th ed.
- The Dictionary of Real Estate Appraisal, 7th ed.
- Appraisal Institute Standards of Valuation Practice (SVP)
Pricing Options
| Rate | Full Price | AI Price |
|---|---|---|
| Standard
Today thru 03/15/2026 |
$1,000.00 | $750.00 |
Event Information
Class Schedule:
Class begins each day at 1:00PM Central time (11:00AM Pacific, 12:00PM Mountain, 2:00PM Eastern). Each class runs for three hours and forty-five minutes (3.75) 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) All students must be 100% present for the class in order to receive credit. Partial credit will not be awarded. Anyone who isn’t present 100% receives no credit and is responsible for continuing the program on their own time.
Day 1: Monday, March 16, 1:00 pm - 4:45 pm
Day 2: Tuesday, March 17, 1:00 pm - 4:45 pm
Day 3: Wednesday, March 18, 1:00 pm - 4:45 pm
Day 4: Thursday, March 19, 1:00 pm - 4:45 pm
Exam:
You will have 90 days from the time that you complete the course to take the proctored exam, either online or at a testing center. You can schedule the exam within 48 business hours after the course has been marked for completion. Review your account for the “Schedule Your Exam” messaging.
- Testing center locations in your area can be found by clicking on this link: www.pearsonvue.com/ai
- For more information, visit our Exam FAQ page.
Download Course Materials:
- Login to your AI Account at www.appraisalinstitute.org with the username and password you used when you registered.
- Click on “Education and Events” located in the menu on the right-hand side.
- 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.
Location:
This course will be held via live interactive classroom technology. See below 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.
Participation Requirements: AI National Synchronous 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 always keep their webcam on with their entire face fully visible while class is in session.
- Attendance will be monitored throughout the day through webcams and polling.
- A photo ID must be uploaded to the offering page prior to the start date of the offering. Please refer to the Appraisal Institute Synchronous Resources for instructions on how to upload your ID.
- Any issues with the upload, please contact customerservice@appraisalinstitute.org or call (888) 756-4624.
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 customerservice@appraisalinstitute.org or call (888) 756-4624.
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 sent at specific intervals: 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 customerservice@appraisalinstitute.org or call (888) 756-4624
Note: Work devices with strong VPNs or firewalls have trouble connecting to GTT systems. It is recommended to use your personal device or to reach out to your organization’s IT department for assistance prior to the first session.