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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.
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Program Overview
• Table of Contents and Overview (PDF)
• Schedule (PDF)
Recommended Text
• Appraising the Appraisal: The Art of Appraisal Review, 2nd ed.
• The Dictionary of Real Estate Appraisal, 5th ed.
• Appraising Residential Properties, 4th ed.
• Uniform Standards of Professional Appraisal Practice, current ed.
• 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
• A basic-function calculator is required. Note: Cellular phones, tablets, iPads, and other devices that connect to the Internet or can store data are NOT permitted during the exam.
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AI CE Credit for Designated Members, Candidates for Designation, and Practicing Affiliates
• Residential Attend Only = 170 points
• Residential Attend and Pass = 225 points
• Residential Pass Only = 55 points
• General Attend Only = 145 points
• General Attend and Pass = 200 points
• General Pass Only = 55 points
Prerequisites
None. However, note that this course was written for appraisers at the Residential Certified level.
Recommended
• Residential Market Analysis & Highest and 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
• Residential certified appraisers
• May be beneficial to attorneys, accountants, government agency members, users of appraisal services, etc.
Click Here for State Approvals
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Class Schedule & Locations
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03/16/2015 - 03/18/2015, Class is Mon. & Tues. Exam is Wed., 8:30-11:30 am
Location: Ft. Lauderdale, FL
Click here for location details
Sponsor: South Florida
Contact: Debra McClave, (954) 229-0499
Instructor: Dowling, Vincent M., MAI, SRA
03/16/2015 - 03/18/2015
Location: Milwaukee, WI
Click here for location details
Sponsor: Wisconsin
Contact: Chris Ruditys, (414) 271-6858
Instructor: Magdziarz, Joseph C., MAI, SRA
05/04/2015 - 05/06/2015
Location: Dallas, TX
Click here for location details
Sponsor: Appraisal Institute
Contact: National Programs, (312) 335-4207
Instructor: Smeltzer, Mark V., SRA
06/10/2015 - 06/12/2015
Location: Tampa, FL
Click here for location details
Sponsor: Florida Gulf Coast
Contact: Nancy J. Bachor, (813) 962-4003
Instructor: Dowling, Vincent M., MAI, SRA
08/12/2015 - 08/14/2015
Location: Chicago, IL
Click here for location details
Sponsor: Chicago
Contact: L.A. Anderson, (312) 616-9406
Instructor: Harrington, Craig M., SRA, AI-RRS
08/24/2015 - 08/26/2015
Location: San Diego, CA
Click here for location details
Sponsor: San Diego
Contact: Patti L. Kreutzer, (858) 292-7324
Instructor: Magdziarz, Joseph C., MAI, SRA
09/16/2015 - 09/18/2015
Location: Rockville, MD
Click here for location details
Sponsor: Washington DC Metropolitan Area
Contact: Peter Houstle, (301) 924-1020
Instructor: Smeltzer, Mark V., SRA
09/21/2015 - 09/23/2015
Location: Louisville, KY
Click here for location details
Sponsor: Bluegrass
Contact: Susan Katz, (502) 727-9181
Instructor: Harrington, Craig M., SRA, AI-RRS
11/16/2015 - 11/18/2015
Location: East Brunswick, NJ
Click here for location details
Sponsor: Metro New Jersey
Contact: Debra J. Miller, (732) 560-0072
Instructor: Dowling, Vincent M., MAI, SRA
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