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General Appraiser Market Analysis and Highest & Best Use

CALL   Date: April 29 - May 2, 2014   Location: Bozeman, MT
Category  General [Gen]  
Attendance Hours  28.0  
Exam Hours  2.0  
Current Price  $ 525.00 AI Price  
$ 595.00 Full Price  
John H. Urubek, MAI  
Name  Hilton Garden Inn  
Rep  Darcy Schmidt  
Address  2023 Commerce Way  
City  Bozeman  
State  MT  
Zip  59715  
Phone  (406) 582-9900  
Click Here to check state approvals
  Sponsor / Contact  
Chapter  Montana
Contact Name  Megan E. Kosena  
Phone  (406) 549-6151  

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.

AICP members may be able to earn Certification Maintenance (CM) credits for this activity. Visit for a list of approved offerings.

  • Table of Contents and Overview [PDF]
  • Course Schedule [PDF]
    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.
    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.

      For Further Reading  
      The Dictionary of Real Estate Appraisal, 5th ed.  
      Market Analysis for Real Estate: Concepts and Applications in Valuation and Highest and Best Use  
      The Appraisal of Real Estate, 14th ed.  
    Cancellation Policy
    • Up To 15 days prior to program start date, $50.00 cancellation fee.
    • 2 - 14 days prior to program start date, $75.00 cancellation fee.
    • Less than 2 days prior to program start date, forfeit of payment.

    Program materials can be downloaded by the student.
      Additional Information  
    April 29: Registration 7:30-8:00AM
    April 29 - May 2: Class 8:00AM - 5:00PM

    PLEASE NOTE: Lunch is not provided, attendees will be on their own for lunch.

    Attendance Requirements
    100% attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualifications Board minimum criteria requirements. A “classroom hour” is defined as 50 minutes out of each 60 minute segment. A 10-minute break per hour is allowed and a student would meet the 100% attendance requirement. Students should not be late or leave early; if they are late or leave early, they will not receive credit.

    NOTE: If you have a disability and require accommodation, please notify the Montana Chapter of the Appraisal Institute in writing at least two weeks in advance and we will arrange for reasonable accommodations. We reserve the right to cancel, limit, or reschedule the course and change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.



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