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Review Theory - Residential

CALL   Date: August 20 - 22, 2014   Location: Chicago, IL
Category  Other [Oth]  
Attendance Hours  17.0  
Exam Hours  2.0  
Current Price  $ 625.00 AI Price  
$ 895.00 Full Price  
Craig M. Harrington, SRA, AI-RRS  
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
Contact Name  L.A. Anderson  
Phone  (312) 616-9406  
Fax  (312) 616-9404  

Review Theory—Residential is the fundamental review course that all reviewers should have in their education background. It is a required course for individuals pursing the Appraisal Institute Residential 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-Residential and Review Case Studies-Residential. 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 - Residential course is required for individuals pursing the Appraisal Institute Residential Review Designation (AI-RRS - Appraisal Institute Residential 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

    • Current edition of USPAP

Table of Contents and Overview (PDF)
Program Schedule (PDF)
Residential Certified Appraisers. May be beneficial to attorneys, accountants, government agency members, users of appraisal services, etc.
Basic function calculator. Note: Cellular phones, tablets, iPads, and other devices that connect to the Internet are NOT permitted during the exam.
None.   However, note that this course was written for appraisers at the Residential Certified level.

Residential Market Analysis & Highest and 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.  
  Appraising the Appraisal: The Art of Appraisal Review, 2nd ed.  
  Appraising Residential Properties, 4th ed.  
  Uniform Standards of Professional Appraisal Practice, current ed.  
Cancellation Policy
  • $50.00 cancellation fee.
  • Less than 2 days prior to program start date, forfeit of payment.
  Transfer Policy
  • $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 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. 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.
  Additional Information  
Class Schedule: Registration: Aug 20, 2014 8:00a-8:30a Class: 8:30 -4:30 Aug 20, 21, & 22. Please contact LA 312.616.9400 if you have any questions or need assistance.



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