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Adv. Residential Applications & Case Studies, Pt. I
November 5 - 6, 2014
* includes late fee
Mark V. Smeltzer, SRA
205 W Wacker Dr #202
to check state approvals
Sponsor / Contact
This two-day course meets AQB criteria. In Part 1 of a two-part course package, you will apply appraisal techniques to solve a complex residential case study appraisal assignment. You will put your knowledge of terminology, concepts, procedures, and methods to the test as you demonstrate competence in the areas of appraisal analysis learned in previous courses. By successfully completing the course and exam, you will have met most states’ education requirements in the content area identified as advanced residential applications and case studies. Individuals who are seeking the Appraisal Institute SRA designation can take this course and
Advanced Residential Report Writing/Part 2
as an alternative to completing the Residential Demonstration Report requirement.
• If you wish to become a State Certified Residential Appraiser,
Advanced Residential Applications and Case Studies/Part 1
is approved by the Appraiser Qualifications Board for 15 content hours in advanced residential applications and case studies.
Advanced Residential Report Writing/Part 2
is approved for 30 hours in the appraisal subject matter elective category. Review the courses for which you have received credit to determine whether these courses are necessary for you to meet your education requirements.
• To use this course package as an alternative to the Residential Demonstration Report, you must register for Part 1 and Part 2 as back-to-back offerings at the same location. It is not permissible to take Part 2 for the Residential Demonstration Report alternative at a later time, nor is it permissible to register for Part 2 unless it is taken immediately after Part 1 at the same location.
• Course materials will be mailed to you before class begins and will be accompanied by a memo explaining the preparations that you should make before coming to class. Be sure to register at least 2 weeks before the course starting date so that you can receive your materials and begin the required preparations.
• For this course, case study solutions are
distributed at the end of class.
to download the REQUIRED files BEFORE the course begins for important tips and tools.
Table of Contents and Overview
Appraisers seeking residential certification with experience and understanding of the fundamental concepts of appraising
• A financial calculator is required. The accepted model used in the course is the HP-12C.
Cellular phones, tablets, iPads, and other devices that connect to the Internet are NOT permitted during the exam.
• Flash Drive
• Software: Word & Excel OR Form software with AI Reports® Form 100, Summary Appraisal Report • Residential, installed OR other word processor and spreadsheet AND Adobe software for converting files to PDFs
Basic Appraisal Principles
Basic Appraisal Procedures
National Uniform Standards of Professional Appraisal Practice (USPAP) Course, 15-Hour
Residential Market Analysis and Highest & Best Use
Residential Site Valuation and Cost Approach
Residential Sales Comparison and Income Approaches
Residential Report Writing and Case Studies
Real Estate Finance, Statistics, and Valuation Modeling
Students 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 Appraisal of Real Estate, 14th ed.
The Dictionary of Real Estate Appraisal, 5th ed.
Appraising Residential Properties, 4th ed.
$50.00 cancellation fee.
Less than 2 days prior to program start date, forfeit of payment.
$50.00 transfer fee.
Less than 2 days prior to program start date, no transfer allowed.
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 the first day of the course, you may stay in class but you will not receive full credit.
Registration begins at 8:00 am for every course. Each course begins promptly at 8:30 am each day. Program Material Policy You will be picking your materials up at the beginning of the class from the Chapter. If you would like to review the materials prior to class, you may go to the Knowledge Center (KC) at http://knowledgecenter.appraisalinstitute.org/
Cancellation & Transfer Policy: Please read carefully.
The Chicago Chapter charges a $50 cancellation AND $50 transfer fee.
If you cancel less than 3 BUSINESS DAYS before the start of the course or seminar you will receive NO REFUND. Most classes start on Monday so if, for example, you cancel on Wednesday of the week before the class begins you will FORFEIT YOUR TUITION.
The Chicago Chapter reserves the right to cancel, limit or reschedule the programs and to change faculty assignments at any time. Prospective students should confirm their registrations before making any non-refundable airline reservations.
If you cancel there is an additional $25 material charge from the national office. You do not return course materials any longer.
HOTEL INFO: We have a corporate rate at the Holiday Inn Mart Plaza, right across the street from the chapter office. The Holiday Inn Mart Plaza that the hotel room rate for November 2-4 is $299/ night. In order to receive this rate, please make your reservation by October 13.
Call Tony at 312.529.1127 and tell him you’re a student with the Chicago Chapter and he will make your reservation for you.
CHICAGO IS A VERY BUSY CITY ….YOU NEED TO MAKE YOUR HOTEL RESERVATIONS EARLY TO GET OUR CORPORATE RATE OR EVEN GET A HOTEL ROOM BECAUSE THE HOTELS FILL UP QUICKLY WITH CONVENTIONS.
Program materials can be downloaded by the student.
November 12, 2014 8:00a-8:30a
Class: 8:30 -4:30
Nov 12 & 13
Please contact LA LA@ccai.org 312.616.9400
if you have any questions or need assistance.
200 W. Madison, Suite 1500, Chicago, IL 60606
888-7JOINAI (756-4624) |
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