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Review Theory - General

FULL   Date: June 26 - 30, 2017   Location: Rockville, MD
 
  Course  
Category  General [Gen]  
Attendance Hours  30.0  
Exam Hours  3.0  
Current Price  $ 800.00 AI Price  
$ 1,100.00 Full Price  
 
  Instructor  
David C. Lennhoff, MAI, SRA, AI-GRS  
    
 
  Location  
Name  Greater Capital Area Association of REALTORS®  
Rep  Carol Blattau  
Address  15201 Diamondback Drive, Suite 100  
City  Rockville  
State  MD  
Zip  20850  
Phone  (301) 590-8787  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Washington DC Metropolitan Area
Website  www.appraisalinstitutedc.org  
Contact Name  Peter Houstle  
Email  phoustle@marinermanagement.com  
Phone  (301) 924-1020  
Fax  (301) 238-4579  
 
  Description  

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.


Required Texts
• Current edition of USPAP
• Current edition of Standards of Valuation Practice

Recommended Texts
The Dictionary of Real Estate Appraisal, 6th ed.
The Appraisal of Real Estate, 14th ed.
Appraising the Appraisal: The Art of Appraisal Review, 2nd ed.
Capitalization Theory and Techniques Study Guide
Market Analysis for Real Estate: Concepts and Applications in Valuation and Highest and Best Use
Subdivision Valuation
Scope of Work, 2nd ed.
Review Theory and Procedures: A Systematic Approach to Review in Real Property Valuation

Downloads
Table of Contents and Overview (PDF)
Schedule (PDF)
 
  Audience  
• General Certified Appraisers

• Attorneys

• Accountants

• Government agency members

• Users of appraisal services
 
  Equipment  
• 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.
 
  Prerequisites  
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.

 
  Disclaimer  
Cancellation Policy
  • $150.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
       


Program materials can be downloaded by the student.
 
  Additional Information  
Class will be held at the Greater Capital Area Association of Realtors office in Rockville, MD.

Schedule:
Registration begins at 8:00am. Seminar is from 8:30am-5pm each day with a one hour lunch (on your own).

Greater Capital Area Association of Realtors
15201 Diamondback Drive
Rockville, MD 20850
301.590.2000

  Directions  

 

 
















 
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