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Review Theory - General 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)

Review Theory—General 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 General Review Designation.* Participants embark on an in-depth journey of the seven steps that are outlined through 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-General and Review Case Studies-General. 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—General course is required for individuals pursuing the Appraisal Institute General Review Designation (AI-GRS – Appraisal Institute General 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 Texts
The Dictionary of Real Estate Appraisal, 5th ed.
The Appraisal of Real Estate, 14th ed.
Appraising the Appraisal: The Art of Appraisal Review, 2nd ed.
Capitalization Theory and Techniques Study Guide
The Appraiser’s Workbook
Market Analysis for Real Estate: Concepts and Applications in Valuation and Highest and Best Use
Subdivision Valuation
Scope of Work
Review Theory and Procedures: A Systematic Approach to Review in Real Property Valuation

Program Overview
• Table of Contents and Overview (PDF)
• Schedule (PDF)

Ordering Information
To order books and other materials go to
our store

Please contact the sponsoring chapter for information on fees applicable to chapter programs.

• Laptop. This course includes writing exercises. Each participant will need his or her own laptop with word processing software.
• 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 calculator operations when the course begins. Answers to problems in the course material are shown using the HP-12C.
• 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 HP-12C Financial Calculator.

AI CE Credit for Designated Members and Practicing Affiliates
Residential and General Point Values
• Attend Only = 275 points
• Attend and Pass = 375 points
• Pass Only = 100 points

None. However, please note that this course was written for appraisers at the General Certified level.

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 Certified Appraisers
• Attorneys
• Accountants
• Government agency members
• Users of appraisal services

Click Here for State Approvals

Class Schedule & Location

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