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Appraisal of Manufactured Homes Featuring Next Generation Manufactured Homes
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)

This 40-hour course implements a blended learning approach, which includes:

  • A pre-class, 2-hour online session
  • 35 hours of live online (synchronous) education
  • A 3-hour exam at an offline testing center

Each live online synchronous sessions runs for 4.5 hours each day with at least two breaks during that time. The course runs for eight half-days over two weeks. What is live online (synchronous) education? How does it work?

You will have 90 days from the time that you complete the course to take the proctored exam. Testing center locations in your area can be found by clicking on this link:

For specific offering details including exact dates and times, click on "location details" to the right under "Class Schedule & Locations."

Important Note: Mandatory Diagnostic Test
Before enrolling in this or any other MAI designation course, you must pass a diagnostic test. The Excel diagnostic tests your mastery of solving appraisal problems using spreadsheets. This newly released diagnostic test was intentionally designed to be challenging and ensure participants have adequate Excel skills before taking MAI designation courses. For more information, check out the Diagnostic FAQ.

Excel is used extensively in the MAI designation courses; it is highly recommended that you know how to perform the necessary appraisal functions in Excel to succeed in this course.

The diagnostic test is free and can be taken at any time on your personal computer. To register for the test, please 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.

Upon completion of the course, participants should be able to:

  • 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

Other Important Information

  • Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; course equivalencies Click here
  • Please verify that this program is approved for credit in your state before registering Click here
  • 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, participants must review all four advanced education courses, as well as basic concepts from qualifying education for certified general appraisers
  • Designated Members, Candidates for Designation and Practicing Affiliates 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 pay full price.
  • For more information on how to become a Candidate for Designation, Click here

Program Overview
• Table of Contents and Overview (PDF)

Recommended Text
• Market Analysis for Real Estate: Concepts and Applications in Valuation and Highest and Best Use
• Valuation of Apartment Properties
• Subdivision Valuation
• Shopping Center Appraisal and Analysis
• The Valuation of Office Properties
• The Appraisal of Real Estate, 14th ed.
• The Dictionary of Real Estate Appraisal, 6th ed.

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


AI CE Credit for Designated Members and Practicing Affiliates
• Attend Only = 275 points
• Attend and Pass= 375 points
• Pass Exam Only = 325 points

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

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

Synchronous Class Schedule

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