Education
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Some AI educational programs may not be approved in every state.
Students should check state approvals prior to registering for any Appraisal Institute program.
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The 35-hour Advanced Market Analysis and Highest & Best Use course implements a blended learning approach, which includes a pre-class, two-hour onlinesession combined with 30 hours of traditional classroom education and wraps up with a three-hour exam on the fifth morning.
Please note Designated Members and Candidates for Designation will receive the discounted AI Price for Advanced Education courses: Advanced Income Capitalization, Advanced Market Analysis and Highest and Best Use, Advanced Concepts and Case Studies, and Quantitative Analysis. All others will receive the Full Price.
For more information on how to become a Candidate for Designation, click here.
Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; course equivalencies. Click here.
COURSE DESCRIPTION
Combining the analytical processes of market analysis, highest and best use, and income valuation, this course is intended for those who have taken and passed the General Appraiser Market Analysis and Highest & Best Use course and have a thorough understanding of the mathematical and financial principles necessary to perform appraisals of income-producing properties.
Building on the Level B marketability studies that were applied in General Appraiser Market Analysis and Highest & Best Use, you will perform Level C marketability studies using fundamental demand analysis and study several real estate markets in a fictional city.
The economic base of the community is explored, and it is used as the subject and example for both physical and economic forces that affect all communities and consequently all real estate.
The remainder of the course consists of four case studies (apartment and condominium conversion, retail, industrial, and land with potential for mixed-use development) that are intended to demonstrate both the power of fundamental market analysis and its application to highest and best use decisions.
Note. Because this course builds on concepts learned in the Appraisal Institute’s General Market Analysis & Highest and Best Use course, it is HIGHLY recommended that you take the Appraisal Institute’s General Market Analysis & Highest and Best Use course before you take this advanced course.
By taking both courses, you should gain a solid knowledge base of market analysis and highest and best use concepts. If you elect only to take this course, be advised that you’ll need to factor in additional study time to learn the general concepts presented in the previous course.
Required Text
Market Analysis for Real Estate: Concepts and Applications in Valuation Highest and Best Use
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Program Overview
Table of Contents and Overview [PDF] 
Course Schedule [PDF]
Recommended Text
The Dictionary of Real Estate Appraisal, 5th ed.
Shopping Center Appraisal and Analysis
Valuation of Apartment Properties
The Appraisal of Real Estate, 13th ed.
Ordering Information
To order books and other materials go to
our store
Tuition
Please contact the sponsoring chapter for information on fees applicable to chapter programs.
Required
· Laptops (recommend external mouse)
· Spreadsheet program: Excel 2007 (participants can use other spreadsheet programs, but those programs won’t be supported in class; demonstrations will be done in Excel)
· Calculators. A financial calculator is required.. The accepted model used in the course is the HP-12C. Note. Cellular phones, tablets, iPads, and other devices that connect to the Internet are NOT permitted during the exam.
· You must be familiar with basic Excel and calculator operation when the course begins. Answers to problems in course material are shown using Excel and the HP-12C. Do not come to class expecting to be taught how to use Excel or a financial calculator.
· Free Review--Using a Financial Calculator; Formulas, Symbols, Math Review, and Sample Problems; and Financial Calculator Practice Exercises
· For additional help with the HP-12C calculator, take our online seminar, Using Your HP12C Financial Calculator.
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Hours
35 (2 online, 30 classroom, 3-hour exam)
To receive credit, participants must attend 100% of the program.
AI CE Credit for Designated Members, Candidates for Designation, and Practicing Affiliates
- Attend Only = 275 points
- Attend and Pass= 375 points
- Pass Exam Only = 325 points
Prerequisites
Required:
Participants must sign a waiver at the beginning of the course stating that they have the prerequisites. If they do not, they will not hold the Appraisal Institute responsible and will not expect to receive special attention during the course.
Who Should Enroll
Candidates for Designation working on MAI designations, MAIs who want to further market analysis/highest & best use knowledge and skill base
Click Here for State Approvals
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Class Schedule & Locations
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08/21/2014 - 08/26/2014
Location: Aurora, CO
Click here for location details
Sponsor: Colorado
Contact: Sherry Engleberg, (303) 691-0487
Instructor: McCloud, Harold S., MAI
09/12/2014 - 09/20/2014, Course takes place over two weeks, Fri., Sat,Thurs., Fri. & Sat.
Location: East Brunswick, NJ
Click here for location details
Sponsor: Metro New Jersey
Contact: Debra J. Miller, (732) 560-0072
Instructor: Hedden, Michael P., MAI & Scribner, Ph.D., David, MAI, SRA
09/15/2014 - 09/19/2014
Location: Seatac, WA
Click here for location details
Sponsor: Appraisal Institute
Contact: National Programs, (312) 335-4207
Instructor: DeWeese, Gary S., MAI
09/22/2014 - 09/26/2014
Location: Ontario, CA
Click here for location details
Sponsor: Southern California
Contact: Lianna Chaparyan, (818) 957-5111x20
Instructor: Kirby, Thomas R., MAI, SRA
11/03/2014 - 11/07/2014
Location: Chicago, IL
Click here for location details
Sponsor: Chicago
Contact: L.A. Anderson, (312) 616-9406
Instructor: Spence, William D. Otto, MAI
11/03/2014 - 11/07/2014
Location: San Antonio, TX
Click here for location details
Sponsor: South Texas
Contact: Mary M. Mainz, (210) 223-6666
Instructor: Fanning, Stephen F., MAI
02/23/2015 - 02/27/2015, Online Session Begins 1/26; Diagnostic Test Deadline 2/2; Registration Deadline 2/9; Online Session Deadline 2/15
Location: Ft. Lauderdale, FL
Click here for location details
Sponsor: South Florida
Contact: Debra McClave, (954) 229-0499
Instructor: Spence, William D. Otto, MAI
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Please verify that this program is approved for credit in your state before registering.
Click here.
Please note Designated Members and Candidates for Designation will receive the discounted AI Price for Advanced Education courses: Advanced Income Capitalization, Advanced Market Analysis and Highest and Best Use, Advanced Concepts and Case Studies, and Quantitative Analysis. All others will receive the Full Price.
The 35-hour Advanced Market Analysis and Highest & Best Use course implements a blended learning approach, which includes a pre-class, two-hour onlinesession combined with 30 hours of live online (synchronous) education.
What is live online (synchronous) education? How does it work?
Course Description
Combining the analytical processes of market analysis, highest and best use, and income valuation, this course is intended for those who have taken and passed the General Appraiser Market Analysis and Highest & Best Use course and have a thorough understanding of the mathematical and financial principles necessary to perform appraisals of income-producing properties.
Building on the Level B marketability studies that were applied in General Appraiser Market Analysis and Highest & Best Use, you will perform Level C marketability studies using fundamental demand analysis and study several real estate markets in a fictional city.
The economic base of the community is explored, and it is used as the subject and example for both physical and economic forces that affect all communities and consequently all real estate.
The remainder of the course consists of four case studies (apartment and condominium conversion, retail, industrial, and land with potential for mixed-use development) that are intended to demonstrate both the power of fundamental market analysis and its application to highest and best use decisions.
Note. Because this course builds on concepts learned in the Appraisal Institute’s General Market Analysis & Highest and Best Use course, it is HIGHLY recommended that you take the Appraisal Institute’s General Market Analysis & Highest and Best Use course before you take this advanced course.
By taking both courses, you should gain a solid knowledge base of market analysis and highest and best use concepts. If you elect only to take this course, be advised that you’ll need to factor in additional study time to learn the general concepts presented in the previous course.
Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; course equivalencies.
Click here.
Required Text
Class Schedule
Online session available 28 days before synchronous session begins.
Diagnostic test "Pass" grade 14 days before synchronous session begins.
Registration for the course ends 14 days before synchronous session begins.
Online session ends 7 days before synchronous session begins.
Synchronous sessions begins.
Synchronous sessions ends.
The exam is taken offline at a Pearson testing center.
To accommodate students across the United States, class begins each morning at 8:00AM Pacific time (9:00AM Mountain, 10:00AM Central, 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 over two weeks.
Times shown are Pacific.
Monday, Day 1: 8:00 am - 12:00 pm
Tuesday, Day 2: 8:00 am - 12:00 pm
Wednesday, Day 3: 8:00 am - 12:00 pm
Thursday, Day 4: 8:00 am - 12:00 pm
(No class on Friday, Saturday, or Sunday)
Monday, Day 5: 8:00 am - 12:00 pm
Tuesday, Day 6: 8:00 am - 12:00 pm
Wednesday, Day 7: 8:00 am - 12:00 pm
Thursday, Day 8: 8:00 am - 12:00 pm
Additional Information
For specific offering details, click on "location details" to the right under "Class Schedule & Locations."
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Program Overview
Table of Contents and Overview [PDF]
Recommended Text
The Dictionary of Real Estate Appraisal, 5th ed.
Shopping Center Appraisal and Analysis
Valuation of Apartment Properties
The Appraisal of Real Estate, 14th ed.
Ordering Information
To order books and other materials go to
our store
Required
· Laptops (recommend external mouse)
· Spreadsheet program: Excel 2007 (participants can use other spreadsheet programs, but those programs won’t be supported in class; demonstrations will be done in Excel)
· A financial calculator is required.. The accepted model used in the course is the HP-12C. Note. Cellular phones, tablets, iPads, and other devices that connect to the Internet are NOT permitted during the exam.
· You must be familiar with basic Excel and calculator operation when the course begins. Answers to problems in course material are shown using Excel and the HP-12C. Do not come to class expecting to be taught how to use Excel or a financial calculator.
· Free Review--Using a Financial Calculator; Formulas, Symbols, Math Review, and Sample Problems; and Financial Calculator Practice Exercises
· For additional help with the HP-12C calculator, take our online seminar, Using Your HP12-C Financial Calculator.
|
Hours
35 (2 pre-class online, 30 live online , 3-hour offline exam)
To receive credit, participants must attend 100% of the program.
AI CE Credit for Designated Members, Candidates for Designation, and Practicing Affiliates
- Attend Only = 275 points
- Attend and Pass= 375 points
- Pass Exam Only = 325 points
Prerequisites
Participants must sign a waiver at the beginning of the course stating that they have the prerequisites. If they do not, they will not hold the Appraisal Institute responsible and will not expect to receive special attention during the course.
Who Should Enroll
Candidates for Designation working on MAI designations, MAIs who want to further market analysis/highest & best use knowledge and skill base.
Click Here for State Approvals
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Class Schedule & Locations
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