Skip to Content (custom)

    Review Theory - Residential

    More Info Register
    businessman-using-a-laptop-and-taking-an-assessment-questionnaire-evaluation-online-survey-online-exam-choosing-the-right-answer-in-exam-by-filling-out-the-online-survey-form-answer-test-questions
    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
    Enroll by March 15!
    View Pricing Options
    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
    Attend:
    175
    Attend & Pass Exam:
    225
    Pass Only:
    100
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Start Date Expire Date State Code
    AK QE 17 15 2 Synchronous 11/24/2025 01/23/2026 19204
    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
    AZ CE 15 15 Synchronous 01/29/2023 01/28/2026 47906
    AZ CE 17 15 2 Synchronous 01/28/2023 01/28/2026 47906
    AZ QE 17 15 2 Synchronous 11/24/2025 01/28/2026
    CA CE 15 15 Synchronous 08/05/2025 08/04/2029 13CP754601060
    CA QE 15 15 Synchronous 08/05/2025 08/04/2029 13CP754601060
    CO CE 15 15 Synchronous 11/24/2025 01/28/2026 2326
    CO CE 17 15 2 Synchronous 11/24/2025 01/28/2026 2326
    CT CE 15 15 Synchronous 11/24/2025 12/09/2025 AAL.001013
    CT QE 15 14 1 Synchronous 11/24/2025 01/28/2026 APR.000382
    DC CE 17 15 2 Synchronous 11/24/2025 02/28/2026
    DE CE 15 15 Synchronous 01/29/2023 01/28/2026 47906
    DE CE 17 15 2 Synchronous 01/28/2023 01/28/2026 47906
    GA CE 15 15 Synchronous 11/24/2025 01/28/2026 72035
    HI CE 17 15 2 Synchronous 11/24/2025 01/28/2026 23-414
    HI CE 15 15 Synchronous 11/24/2025 01/28/2026 23-414
    IA CE 15 15 Synchronous 11/24/2025 01/28/2026 A518-1156
    IA CE 17 15 2 Synchronous 11/24/2025 01/28/2026 A518-1157
    ID CE 17 15 2 Synchronous 11/24/2025 01/28/2026
    IL CE 17 15 2 Synchronous 11/24/2025 12/31/2026 575.001841
    IN CE 15 15 Synchronous 01/29/2023 01/28/2026 47906
    IN CE 17 15 2 Synchronous 01/28/2023 01/28/2026 47906
    KS CE 15 15 Synchronous 11/24/2025 12/31/2025 631.C25.N
    KY CE 15 15 Synchronous 05/31/2025 06/30/2026
    KY CE 17 15 2 Synchronous 05/31/2025 06/30/2026
    LA CE 17 15 2 Synchronous 11/24/2025 01/28/2026
    LA QE 17 15 2 Synchronous 11/24/2025 01/28/2026 A0277
    MA CE 15 15 Synchronous 11/24/2025 01/28/2026 120021
    MD CE 15 15 Synchronous 01/29/2023 01/28/2026 47906
    MD CE 17 15 2 Synchronous 01/28/2023 01/28/2026 47906
    ME CE 15 15 Synchronous 01/29/2023 01/28/2026 47906
    ME CE 17 15 2 Synchronous 01/28/2023 01/28/2026 47906
    MI CE 15 15 Synchronous 11/24/2025 07/16/2028 20-607854
    MI CE 17 15 2 Synchronous 11/24/2025 01/28/2026 3450
    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
    MS CE 14 14 1 Synchronous 11/24/2025 01/28/2026 MAB #49973
    MT CE 17 15 2 Synchronous 11/24/2025 01/06/2026 REA-CEC-REC-15970
    NC CE 15 15 Synchronous 11/24/2025 12/31/2026 2090
    ND CE 15 15 Synchronous 01/29/2023 01/28/2026 47906
    ND CE 17 15 2 Synchronous 01/29/2023 01/28/2026 47906, CE-223031
    NE CE 15 15 Synchronous 11/24/2025 08/17/2027 2172429.02
    NH CE 17 15 2 Synchronous 11/24/2025 01/28/2026
    NJ CE 17 15 2 Synchronous 11/24/2025 01/28/2026 2023-3437
    NM CE 17 15 2 Synchronous 11/24/2025 01/28/2026 3089
    NM CE 15 15 Synchronous 11/24/2025 01/28/2026 4183, 3089
    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 11/24/2025 12/31/2025 A4690
    OH CE 15 15 Synchronous 11/24/2025 12/31/2025 084502903A 25
    OK CE 15 15 Synchronous 11/24/2025 01/28/2026 888
    OK CE 17 15 2 Synchronous 11/24/2025 01/28/2026 887
    OR CE 17 17 Synchronous 11/24/2025 01/28/2026 APIN-C-1222-8960
    PA CE 17 15 2 Synchronous 11/24/2025 01/28/2026
    PR CE 15 15 Synchronous 01/29/2023 01/28/2026 47906
    PR CE 17 15 2 Synchronous 01/28/2023 01/28/2026 47906
    RI CE 17 15 2 Synchronous 11/24/2025 01/28/2026 REA.0002020-CE
    SC CE 17 15 2 Synchronous 11/24/2025 08/31/2026 AC . 1345
    SD CE 15 15 Synchronous 11/24/2025 01/28/2026 SD90083C
    TN CE 15 15 Synchronous 11/24/2025 09/30/2027 1686
    TX CE 15 15 Synchronous 11/24/2025 01/28/2026 53266
    VA CE 15 15 Synchronous 01/29/2023 01/28/2026 47906
    VA CE 17 15 2 Synchronous 01/28/2023 01/28/2026 47906
    VT CE 15 15 Synchronous 11/24/2025 03/20/2029
    VT CE 17 15 2 Synchronous 11/24/2025 03/20/2029
    WA CE 15 15 Synchronous 11/24/2025 01/28/2026 A23000412
    WA CE 17 15 2 Synchronous 11/24/2025 01/28/2026 A23000412
    WI CE 15 15 Synchronous 01/29/2023 01/28/2026 47906
    WI CE 17 15 2 Synchronous 01/28/2023 01/28/2026 47906
    WV CE 17 15 2 Synchronous 11/24/2025 01/28/2026
    WV CE 15 15 Synchronous 11/24/2025 01/28/2026
    WY CE 17 15 2 Synchronous 11/24/2025 01/28/2026 345
    WY QE 17 15 2 Synchronous 11/24/2025 01/28/2026 345
    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.

     
    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 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.

    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:
    None

    Prerequisites
    Required:

    None. However, this course was written for appraisers at the certified residential level.

    Recommended:

    Residential Market Analysis and Highest & Best Use

    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 03/15/2026
    $1,000.00 $750.00
    Have Exam Questions?
    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.