Review Theory—Residential is the fundamental review course that all reviewers should have in their education background. It is a required course for individuals pursuing the Appraisal Institute Residential Review Designation.* Participants embark on an in-depth journey of the seven steps outlined in the review process, which is at 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.
Please note Designated Members and Candidates for Designation will receive the discounted AI Price for Advanced Education courses: Review Theory-Residential and Review Case Studies-Residential. All others will receive the Full Price.
Upon completion of the course, participants should be able to:
• 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 effectively communicate the review
The Review Theory—Residential course is required for individuals pursing the Appraisal Institute Residential Review Designation (AI-RRS Appraisal Institute Residential Review Specialist). For more information regarding the requirements for the review designation, please
click here.
If you are currently designated, click here for more information on the alternative path.
If you are currently a candidate for designation, or wish to become a candidate, click here for the specific designation requirements.
Recommended Text
• Review Theory and Procedures: A Systematic Approach to Review in Real Property Valuation
• Uniform Standards of Professional Appraisal Practice, current ed.
