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General Appraiser Market Analysis and Highest & Best Use

    Online Education
 
  Course  
Category  General [Gen]  
Attendance Hours  28.0  
Exam Hours  2.0  
Current Price  $ 455.00 AI Price  
$ 555.00 Full Price  
 
  Instructor  
Robert W. Dunham, MAI, SRA  
    
 
  Location  
Appraisal Institute - Online Education
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
  Appraisal Institute  
Email  OL-Help@appraisalinstitute.org  
Phone  (877) 674-2447  
 
  Description  

This AQB-approved course will help you apply meaningful market analysis in valuation assignments. It presents the basic concepts and terminology of market analysis and marketability studies, then shows how marketability studies provide vital information for the highest and best use decision. Throughout the course, the emphasis is on conducting a reliable analysis of demand. You’ll gain practice in applying methods for inferred, or trend, analysis to three property types—a suburban residential subdivision, an existing multifamily property, and an office building. Using the tools introduced in the course will help you increase the reliability of your highest and best use analyses and support the conclusions you reach in the three approaches to value.

The course also provides a transitional discussion to prepare you for marketability studies using fundamental demand analysis, which is covered in the Appraisal Institute’s Advanced Market Analysis and Highest & Best Use course.

Students have 45 days from the session start date to complete the course material for this program. This course is completed at the student's own pace.

Exam:
Do I have to take the course exam?
An offline proctored exam is part of the course. You will have 90 days from the time that you complete the course to complete the exam. Testing center locations in your area can be found by clicking on this link: www.pearsonvue.com/ai.

Syllabus:
Learning Objectives
Introduction
Module 1: Real Estate Markets and Analysis
Module 2: Types and Levels of Market Analysis
Module 3: The Six-Step Process and Use of Market Analysis
Module 4: Basic Trend Analysis Techniques
Module 5: Level B Marketability Study for Suburban Residential Subdivision Property: Steps 1 and 2
Module 6: Level B Marketability Study for Suburban Residential Subdivision Property: Steps 3 - 6
Module 7: Multifamily Property Concepts and Definition
Module 8: Level B Marketability Study for Multifamily Property: Steps 1 - 3
Module 9: Level B Marketability Study for Multifamily Property: Steps 4 - 6
Module 10: Office Property Concepts and Definitions
Module 11: Level B Marketability Study for Office Property: Steps 1 - 3
Module 12: Level B Marketability Study for Office Property: Steps 4 – 6
Module 13: Fundamental Concepts and Four Tests of Highest and Best Use
Module 14: Considerations in Highest and Best Use Analysis
Module 15: The Three Conclusions of Highest and Best Use Analysis
Module 16: Highest and Best Use Applications
Module 17: Applications of Market Analysis to the Three Approaches
Module 18: Introduction to Level C Marketability Studies
Module 19: Introduction to Marketability Study for Office Property and Data Sources
Conclusion

AI CE Credit for Designated members, Candidates for Designation and Practicing Affiliates

    · Attend Only = 150 points (general) or 175 points (residential) · Attend and Pass= 200 points (general) or 225 points (residential) · Pass Exam Only = 150 points (general) or 200 (residential)
AICP members may be able to earn Certification Maintenance (CM) credits for this activity. Visit www.planning.org/cm for a list of approved offerings.


*Note: General Candidates for Designation who pass the Appraisal Institute General Appraiser Market Analysis and Highest & Best Use exam prior to June 1, 2011 will receive equivalency credit for the new Advanced Market Analysis and Highest & Best Use exam for their MAI advanced education requirements. After June 1, 2011 general Candidates for Designation who have not previously received equivalency credit will be required to pass the new Advanced Market Analysis and Highest & Best Use exam instead. Please contact admissions@appraisalinstitute.org or call (312) 335-4111 if you have questions.
 
  Audience  
Beginning appraisers seeking general appraiser state certification and experienced appraisers who wish to develop and enhance their market analysis skills, property tax assessors, housing and land use specialists within government agencies, lenders and investors, and review appraisers.
 
  Equipment  
  • 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.
  • HP12C calculator user's manual
  • You must be familiar with calculator operation when the course begins. Answers to problems in course material are shown using the HP12C. Do not come to class expecting to be taught how to use a financial calculator.
  • Free Review—Using a Financial Calculator; Symbols and Formulas, Capitalization Selection Tree, and Sample Problems; and Financial Calculator Practice Exercises
  • For additional help with the HP12C calculator, take our online seminar, Using Your HP12C Financial Calculator.
 
  Prerequisites  

Successful completion of Basic Appraisal Principles and Basic Appraisal Procedures is required.

It is strongly recommended that participants complete General Appraiser Income Approach/Part 1 (or its equivalent) before enrolling in this course.

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
If you are unable to complete a seminar once it begins, you may cancel out of the seminar before the official seminar end date. Once you cancel out of a seminar, however, you must start the seminar over at the beginning in any later enrollments. You cannot be placed into the seminar where you left off before canceling.

The following tuition refund policy is in effect for canceled online seminars based on the amount of material completed in a seminar:

 Less than 25% of the seminar completed: $60 cancellation fee

 More than 25% of the seminar completed: no tuition refund

       
I agree to the terms and policies set forth under the Appraisal Institute Online Education Policy. I also certify that I am the person identified above under Personal Data and that I will personally complete each assigned module of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a member of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, that I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Appraisal Institute's Code of Professional Ethics and Standard of Professional Appraisal Practice, and that such peer review proceeding may result in termination of my Appraisal Institute membership.
 
  Additional Information  
ONLINE CLASS ACCESS
Please allow 1 hour after registration to start an online session in progress (on or after the session start date). Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. You will automatically be taken to the "My Appraisal Institute" page. Near the middle of that page your course will be listed with a link next to it that says "Go To Class".

If you have any questions, please email us at OL-Help@appraisalinstitute.org.


 

 
















 
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