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Advanced Concepts & Case Studies

    Date: November 17 - 22, 2014   Location: Chicago, IL
 
  Course  
Category  Other [Oth]  
Level  II  
Attendance Hours  37.0  
Exam Hours  3.0  
Current Price  $ 795.00 AI Price  
$ 1,135.00 Full Price  
 
  Instructor  
Kerry M. Jorgensen, MAI  
    
 
  Location  
Name  Chicago Chapter  
Rep  LA  
Address  205 W Wacker Dr #202  
City  Chicago  
State  IL  
Zip  60606  
Phone  (312) 616-9400  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Chicago
Website  www.ccai.org  
Contact Name  L.A. Anderson  
Email  LA@ccai.org  
Phone  (312) 616-9406  
Fax  (312) 616-9404  
 
  Description  

The 40-hour Advanced Concepts & Case Studies course implements a blended learning approach, which includes a pre-class, two-hour online session combined with 35 hours of traditional classroom education and wraps up with a three-hour exam on the sixth morning.

Please note Designated Members and Candidates for Designation 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 receive the Full Price.
For more information on how to become a Candidate for Designation,
click here.

Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; course equivalencies. 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.

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, associates must review all four advanced education courses, as well as basic concepts from qualifying education for certified general appraisers.
    • 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.


Downloads
Table of Contents and Overview (PDF)
Course Schedule (PDF)
 
  Audience  
General appraisers who want to improve their ability to apply appraisal methods, techniques, and procedures. Candidates for Designation who are working on MAI designations.
 
  Equipment  
• Laptops (recommend external mouse)
• Spreadsheet program: Excel 2007 (participants can use other spreadsheet programs, but those programs won’t be supported in class; demonstrations will be done in Excel)
• Calculators. 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 Excel and calculator operation when the course begins. Answers to problems in course material are shown using Excel and the HP-12C. Do not come to class expecting to be taught how to use Excel or a financial calculator.
• 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 HP12-C Financial Calculator.
 
  Prerequisites  
Required:
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

Recommended:

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.
 
  For Further Reading  
  The Dictionary of Real Estate Appraisal, 5th ed.  
  The Appraisal of Real Estate, 14th ed.  
  Market Analysis for Real Estate: Concepts and Applications in Valuation and Highest and Best Use  
  Valuation of Apartment Properties  
  Subdivision Analysis  
  Shopping Center Appraisal and Analysis   
  The Valuation of Office Properties  
 
  Disclaimer  
Cancellation Policy
  • $150.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
      Program Material Policy

Beginning 4 weeks before the offering start date, program material will be shipped directly to the student. If this material has been shipped and you request a registration cancellation, you will automatically be charged a $25.00 fee and you may keep the material. Once the fee is charged, your refund will be processed. Material returns are no longer accepted. Contact the offering sponsor for more information.
  • Cancel Offering, $25.00 material fee.
ADVANCED EDUCATON - VERY IMPORTANT STUDENTS PLEASE READ CAREFULLY! To allow enough time for you to complete the required online session, course registration will be cut off on the 14th day before the classroom session begins. Please see additional deadlines below and the costs for cancellation. IMPORTANT DEADLINES FOR AE Official FIRST day of course - day online session begins 28 days BEFORE the classroom session begins. Last day to register for & submit the Diagnostic Test*** 21 days BEFORE the classroom session begins. Last day to receive a "PASS" confirmation on Diagnostic Test 14 days BEFORE the classroom session begins. Last day to register for the course 14 days BEFORE the classroom session begins. Last day to cancel registration with full refund 15 days BEFORE the classroom session begins. Last day to cancel registration with $150 cancellation fee 14 days BEFORE the classroom session begins. Last day to cancel registration with ZERO -0- refund 7 business days or less BEFORE the classroom session begins. Last day to complete online session 7 days BEFORE the classroom session begins. PLEASE NOTE: there will be NO exceptions to these rules above for registration or cancelling ALL ADVANCED EDUCATION COURSES!!!!!!!!!!! The Chicago Chapter enforces the attendance requirements as mandated by the State of Illinois and the AQB. There is a 100% attendance policy, if you are late, you will not receive credit. If you are late the first day of the course, you may stay in class but you will not receive credit. Registration begins at 8:00 am for every course. Each course begins promptly at 8:30 am each day. Program Material Policy Beginning four weeks before the course start date, program materials will be shipped to the student. Standard ground shipping is INCLUDED in the tuition price. HOWEVER, ADDITIONAL CHARGES are added for express shipping. These charges will be reflected in late registration. YOU MUST MEET THE DEADLINES INDICATED ABOVE TO ATTEND THIS COURSE!

Program materials can be downloaded by the student or can be shipped directly to the student. If you choose to have the material shipped and do not receive your materials within 5 days before the offering start date, please call the sponsor to inform them.
 
  Additional Information  
Class Schedule:
Registration:
November 17, 2014 8:00a-8:30a
Class: 8:30 -4:30
Nov 17-21
Exam Nov 22




Please contact LA LA@ccai.org 312.616.9400
if you have any questions or need assistance.


 

 
















 
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