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Residential Market Analysis and Highest & Best Use

CALL   Date: July 23 - 24, 2014   Location: Chicago, IL
Category  Residential [Res]  
Attendance Hours  14.0  
Exam Hours  1.0  
Current Price  $ 295.00 AI Price  
$ 345.00 Full Price  
Sandra K. Adomatis, SRA  
Name  Chicago Chapter Education Center  
Address  205 W. Wacker Drive  
   Suite 202  
City  Chicago  
State  IL  
Zip  60606  
Click Here to check state approvals
  Sponsor / Contact  
Contact Name  National Programs  
Phone  (312) 335-4207  
This two-day course provides a fresh look at the relationship between market analysis and highest and best use. Discover where to find the information you need to make a highest and best use decision and how to interpret the information you find. Learn how to read and map a market area for a subject property and discover the essential links between market analysis, highest and best use analysis, and the three approaches to value (cost, sales comparison, and income capitalization). Gain practical experience by solving highest and best use problems similar to problems you might encounter in the real world. Theory is translated into practice through extensive and varied classroom activities encouraging you to become actively involved in applying concepts to real-world situations. Successful completion of the course and exam should satisfy most states’ education requirements in the content area identified as residential market analysis and highest and best use.

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]
    Residential appraisers seeking licensing and residential appraisers who want to learn more about how proper market analysis supports highest & best use conclusions and other steps in the valuation process

    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.
    · 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 HP12C Financial Calculator
    Successful completion of Basic Appraisal Principles, Basic Appraisal Procedures, or equivalent courses is required.

    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  
      Residential Market Analysis and Highest & Best Use  
      The Appraisal of Real Estate, 14th ed.  
      The Dictionary of Real Estate Appraisal, 5th ed.  
    Cancellation Policy
    • Up To 15 days prior to program start date, refund in full.
    • 7 - 14 days prior to program start date, $100.00 cancellation fee.
    • Less than 7 days prior to program start date, forfeit of payment.
    Continuing Education Credit
    This course is approved for fifteen(15) hours of Appraisal Institute continuing education credit. This course might not be approved in all states by the offering date. Please check with your state board for state approval information.

    This confirmation will serve as your receipt. All cancellations must be submitted in writing. Confirmed students should not assume that cancellation has been granted until a confirmation has been received.

    Other Information
    If you have a disability and require accommodation, please notify the national office at least two weeks in advance and we will arrange for reasonable accommodation.

    The Appraisal Institute reserves the rights to cancel, limit, or reschedule the seminar and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.

    Program materials can be downloaded by the student.
      Additional Information  
    Class Schedule:
  • July 23:8:00 Registration
  • July 23: 8:30 - 5:00 PM*
  • July 24: 8:30 - 5:00 PM*

  • Attendance Policy:
    The Appraisal Institute issues certificates for state certification/licensing or state continuing education credit that verify successful completion and attendance of 100% with your grade notification letter. Please note, if Appraisal Institute attendance records indicate attendance of less than 100%, the student certificate will reflect this and state agencies may refuse to award credit.

    Classs Location:
    Chicago Chapter Education Center
    205 W. Wacker Drive
    Suite 202
    Chicago, IL 60606
    (312) 616-9405

    Hotel Location:

    Holiday Inn Mart Plaza [across the river from the Chicago Chapter - 7 min walk]
    Contact: Tony Brotsch
    [be sure to tell him you are a student with the Chicago Chapter for our rate $150 per night]



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