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Advanced Concepts & Case Studies

    Date: November 6 - 11, 2017   Location: Houston, TX
 
  Course  
Category  Other [Oth]  
Level  II  
Attendance Hours  37.0  
Exam Hours  3.0  
Current Price  $ 850.00 AI Price  
$ 1,200.00 Full Price  
 
  Instructor  
Larry T. Wright, MAI, SRA, AI-GRS  
    
 
  Location  
Name  Tri Tech Surveying Building  
Address  10401 Westoffice Dr.  
City  Houston  
State  TX  
Zip  77042  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Houston
Website  www.aihouston.com  
Contact Name  Lori Wilkins  
Email  lori@amchouston.com  
Phone  (713) 668-1757  
Fax  (713) 839-1453  
 
  Description  

The 40-hour Advanced Concepts & Case Studies course implements a blended learning approach, which includes a pre-class, two-hour online session combined with 35 hours of traditional classroom education and wraps up with a three-hour exam on the sixth morning.

Please note Designated Members and Candidates for Designation will receive the discounted AI Price for Advanced Education courses: Advanced Income Capitalization, Advanced Market Analysis and Highest and Best Use, Advanced Concepts and Case Studies, and Quantitative Analysis. All others will receive the Full Price.

For more information on how to become a Candidate for Designation,
click here.

Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; course equivalencies. Click here.

Course Description
This course synthesizes basic and advanced valuation techniques taught in previous courses, and addresses consistent treatment of the three valuation approaches for various valuation problems. Case studies teach participants how to address common but complex appraisal issues, including a leased fee not at market rent, a proposed property, a property in a market not at equilibrium, and a subdivision. The course emphasizes the need to test the reasonableness of conclusion in an appraisal.

Note. This is primarily a synthesis course, not a review course. Like all advanced education courses sponsored by the Appraisal Institute, the course naturally reviews many concepts taught in previous courses. However, it includes some new material and does not include a complete overview of the other courses. Therefore, Advanced Concepts & Case Studies should not be considered an adequate review for the comprehensive exam. To prepare for the comprehensive exam, participants must review all four advanced education courses, as well as basic concepts from qualifying education for certified general appraisers.

Upon completion of the course, participants should be able to: • Develop and reconcile cost, income, and sales comparison approaches for a leased fee interest rent, including consistent treatment of property rights
• Recognize the typical relationships between yield rates on leased fee and fee simple estates, considering their varying risk
• Review proper procedures for developing a market-supported discounted cash flow analysis, and apply them to practical examples
• Develop and reconcile cost, income, and sales comparison approaches for a proposed property as is, upon completion, and upon stabilization
• Demonstrate a working knowledge of various methods of calculating a rent-up adjustment and a property rights adjustment
• Identify the demographic and economic data used to estimate an absorption period for a development project
• Develop and reconcile cost, income, and sales comparison approaches for a property in a market not at equilibrium
• Conduct inferred and fundamental demand analysis based on data provided in case studies
• Develop and reconcile cost, income, and sales comparison approaches for a subdivision

Downloads
Table of Contents and Overview (PDF)
Schedule (PDF)
 
  Audience  
• General appraisers who want to improve their ability to apply appraisal methods, techniques, and procedures

• Candidates for Designation who are working on MAI designations
 
  Equipment  
• Laptops (recommend external mouse)
• Spreadsheet program: Excel 2007 (participants can use other spreadsheet programs, but those programs won’t be supported in class; demonstrations will be done in Excel)
• Calculators. 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.
• You must be familiar with basic Excel and calculator operation when the course begins. Answers to problems in course material are shown using Excel and the HP-12C. Do not come to class expecting to be taught how to use Excel or a financial calculator.
• 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 HP-12C Financial Calculator.
 
  Prerequisites  
Required:
Advanced Education Diagnostic Test
Advanced Income Capitalization (old 510 or new version)
General Appraiser Sales Comparison Approach 
General Appraiser Market Analysis and Highest & Best Use 
General Appraiser Income Approach/Part 1
General Appraiser Income Approach/Part 2
General Appraiser Report Writing and Case Studies

Recommended
Advanced Market Analysis and Highest & 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  
  Brochure  
  The Dictionary of Real Estate Appraisal , 6th ed.  
  The Appraisal of Real Estate, 14th ed.  
  Market Analysis for Real Estate: Concepts and Applications in Valuation and Highest and Best Use  
  Valuation of Apartment Properties  
  Subdivision Valuation  
  Shopping Center Appraisal and Analysis   
  The Valuation of Office Properties  
 
  Disclaimer  
Cancellation Policy
  • Up To 15 days prior to program start date, refund in full.
  • 7 - 14 days prior to program start date, $50.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
  Transfer Policy
  • Up To 15 days prior to program start date, no transfer fee.
  • 7 - 14 days prior to program start date, $25.00 transfer fee.
  • Less than 7 days prior to program start date, no transfer allowed.
  Program Material Policy

Beginning 4 weeks before the offering start date, program material will be shipped directly to the student. If this material has been shipped and you request a registration cancellation, you will automatically be charged a $25.00 fee and you may keep the material. Once the fee is charged, your refund will be processed. Material returns are no longer accepted. Contact the offering sponsor for more information.
  • Cancel Offering, $25.00 material fee.


Program materials can be downloaded by the student or can be shipped directly to the student. If you choose to have the material shipped and do not receive your materials within 5 days before the offering start date, please call the sponsor to inform them.
 
  Additional Information  
The course site is located at:
TRI-TECH Surveying
10401 Westoffice
Houston, Texas 77042
713-668-1757


November 6 registration starts at 8:00 a.m. and class starts at 8:30 a.m.
November 6-10, class is from 8:30 a.m. - 4:30 p.m.
November 11, exam 8:30 a.m. -12:00 noon

Parking: Enter thru the main gate and drive thru the front parking lot to the opening on the left side of the parking lot and park in the back lot. Enter the building thru the back door underneath the covered porch facing Westpark toll road. Note all other parking spots in the front parking lot are reserved parking for the building.

Breaks: Coffee, water and snacks will be served throughout the day.

Hotels:
Candlewood Suites (closest to the course site)
4033 W Sam Houston Pkwy S,
Houston, TX 77042
(713) 780-7881

Towne Place Suites (NEW Hotel)
10610 Westpark Dr.
713-266-2210


La Quinta Inn & Suites Houston - Westchase
10850 Harwin Dr
Houston, TX 77072
281-495-7700

Ask for the
Texas Training and
Conference Centers
Rate Package when
you call to book
your reservation

Hilton Garden Inn
6855 W. Sam Houston Pkwy
713-270-6100

Shuttle
Available Ask for
the Texas Training
and Conference
Centers Rate
Package when you
call to book your
reservation.

Marriott Residence Inn
9965 Westheimer
713-974-5454

Marriott Courtyard
9975 Westheimer
800-321-2211

Shuttle
Available Ask for
the Texas Training
and Conference
Centers Rate
Package when you
call to book your
reservation.

Extended Stay America Houston - Westchase
3200 W Sam Houston Pkwy S
Houston, TX 77042


 

 
















 
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