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Advanced Concepts & Case Studies Education Schedule (PDF)
Education Catalog (PDF)
Some AI educational programs may not be approved in every state.
Students should check state approvals prior to registering for any Appraisal Institute program.

ClassroomOn-Demand Online EducationLive Online (Synchronous)

The 40-hour Advanced Concepts & Case Studies course implements a blended learning approach, which includes a pre-class, two-hour online session combined with 35 hours of traditional classroom education and wraps up with a three-hour exam on the sixth 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
This course synthesizes basic and advanced valuation techniques taught in previous courses, and addresses consistent treatment of the three valuation approaches for various valuation problems. Case studies teach participants how to address common but complex appraisal issues, including a leased fee not at market rent, a proposed property, a property in a market not at equilibrium, and a subdivision. The course emphasizes the need to test the reasonableness of conclusion in an appraisal.

Note. This is primarily a synthesis course, not a review course. Like all advanced education courses sponsored by the Appraisal Institute, the course naturally reviews many concepts taught in previous courses. However, it includes some new material and does not include a complete overview of the other courses. Therefore, Advanced Concepts & Case Studies should not be considered an adequate review for the comprehensive exam. To prepare for the comprehensive exam, associates must review all four advanced education courses, as well as basic concepts from qualifying education for certified general appraisers.
    • Develop and reconcile cost, income, and sales comparison approaches for a leased fee interest rent, including consistent treatment of property rights.
    • Recognize the typical relationships between yield rates on leased fee and fee simple estates, considering their varying risk.
    • Review proper procedures for developing a market-supported discounted cash flow analysis, and apply them to practical examples.
    • Develop and reconcile cost, income, and sales comparison approaches for a proposed property as is, upon completion, and upon stabilization.
    • Demonstrate a working knowledge of various methods of calculating a rent-up adjustment and a property rights adjustment.
    • Identify the demographic and economic data used to estimate an absorption period for a development project.
    • Develop and reconcile cost, income, and sales comparison approaches for a property in a market not at equilibrium.
    • Conduct inferred and fundamental demand analysis based on data provided in case studies.
    • Develop and reconcile cost, income, and sales comparison approaches for a subdivision.

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
• Subdivision Analysis
• Valuation of Apartment Properties
• Market Analysis for Real Estate: Concepts and Applications in Valuation and Highest and Best Use
• The Valuation of Office Properties
• The Appraisal of Real Estate, 14th 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 HP12-C Financial Calculator.

Hours
40 (2 online, 35 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:
Advanced Education Diagnostic Test
Advanced Income Capitalization (old 510 or new version)
General Appraiser Sales Comparison Approach 
General Appraiser Market Analysis and Highest & Best Use 
General Appraiser Income Approach/ Part 1
General Appraiser Income Approach/Part 2
General Appraiser Report Writing and Case Studies

Recommended:

Advanced Market Analysis and Highest & Best Use

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
General appraisers who want to improve their ability to apply appraisal methods, techniques, and procedures. Candidates for Designation who are working on MAI designations.

Click Here for State Approvals


  
Class Schedule & Locations

09/08/2014 - 09/14/2014, Registration is 8:00 a.m. Course to be start at 8:30 am to 5:30 p.m.
Location: San Juan, PR
Click here for location details
Sponsor: Puerto Rico and Caribbean
Contact: Daphne Comas, SRA, (787) 607-0840
Instructor: Urubek, John H., MAI
Register


09/30/2014 - 10/05/2014
Location: Dallas, TX
Click here for location details
Sponsor: North Texas
Contact: Ruth A. Kelton, (972) 233-2244
Instructor: Moorman, Robert L., MAI, SRA, & Fanning, Stephen F., MAI
Register


10/20/2014 - 10/25/2014
Location: Warwick, RI
Click here for location details
Sponsor: Appraisal Institute
Contact: National Programs, (312) 335-4207
Instructor: Pending, Instructor
Register


10/27/2014 - 11/01/2014
Location: Midlothian, VA
Click here for location details
Sponsor: Virginia Commonwealth
Contact: Jamey Leonard, (504) 774-2033
Instructor: Urubek, John H., MAI
Register


11/05/2014 - 11/11/2014, No instruction on Sunday, November 9
Location: Pleasant Hill, CA
Click here for location details
Sponsor: Northern California
Contact: Lisa M. Estes, (925) 932-7753
Instructor: DeWeese, Gary S., MAI
Register


11/06/2014 - 11/12/2014
Location: Aurora, CO
Click here for location details
Sponsor: Colorado
Contact: Sherry Engleberg, (303) 691-0487
Instructor: McCloud, Harold S., MAI
Register


11/17/2014 - 11/22/2014
Location: Chicago, IL
Click here for location details
Sponsor: Chicago
Contact: L.A. Anderson, (312) 616-9406
Instructor: Jorgensen, Kerry M., MAI
Register


12/08/2014 - 12/13/2014
Location: East Brunswick, NJ
Click here for location details
Sponsor: Metro New Jersey
Contact: Debra J. Miller, (732) 560-0072
Instructor: Spence, William D. Otto, MAI
Register


05/11/2015 - 05/16/2015
Location: Baltimore, MD
Click here for location details
Sponsor: Appraisal Institute
Contact: National Programs, (312) 335-4207
Instructor: Pending, Instructor
Register


07/07/2015 - 07/12/2015
Location: Louisville, KY
Click here for location details
Sponsor: Bluegrass
Contact: Susan Katz, (502) 727-9181
Instructor: Spence, William D. Otto, MAI
Register


10/05/2015 - 10/10/2015
Location: Jacksonville, FL
Click here for location details
Sponsor: Appraisal Institute
Contact: National Programs, (312) 335-4207
Instructor: Pending, Instructor
Register


10/22/2015 - 10/28/2015
Location: Costa Mesa, CA
Click here for location details
Sponsor: Southern California
Contact: Lianna Ayala, (818) 957-5111x20
Instructor: Kirby, Thomas R., MAI, SRA
Register






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