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Review Case Studies - Residential

CALL   Date: March 15 - 16, 2018   Location: Costa Mesa, CA
Category  Other [Oth]  
Attendance Hours  14.0  
Exam Hours  1.0  
Current Price  $ 650.00 AI Price  
$ 900.00 Full Price  
Dawn M. Molitor-Gennrich, SRA, AI-RRS  
Name  National University  
Address  3390 Harbor Blvd.  
City  Costa Mesa  
State  CA  
Zip  92626  
Click Here to check state approvals
  Sponsor / Contact  
Chapter  Southern California
Contact Name  Lianna Ayala  
Phone  (818) 957-5111x2  
"Thanks for a great class – I really enjoyed it and found the Case Study really helpful.”
- Sarah VandenBerg, Kalamzaoo, MI

"Thank you for a very informative and [enjoyable] seminar"
- Linda L. Woodward, SRA, Bloomsburg, PA

"I enjoyed my time in your class and appreciate your dedication to making us all better reviewers!"
- Kathy Kocour, Kansas City, MO

Review Case Studies-Residential is unlike anything you’ve experienced in other review courses. In this two-day course, you will apply the review process that you learned in Review Theory-Residential by walking through a case study that focuses on a two-stage review assignment. Day one begins with a quick refresher of review concepts. From there, you will work on an assignment that gets dropped on your desk much like it does in real life. Working in groups, as well as individually, you’ll identify and analyze the components of the case study review assignment.

For many, this will be the first opportunity to work through all seven steps of the review process and apply them within a simulated, very real-to-life assignment. Problem identification and scope of work is where the process begins and that quickly leads to the tougher analytical work where you’ll analyze the subject appraisal report and develop opinions of completeness, accuracy, adequacy, relevance, and reasonableness (including tests of reasonableness). From there, you’ll learn to develop opinions of appropriateness and creditability to both the appraiser’s development work as well as opinions on whether the appraiser’s report is appropriate and not misleading—including the reviewer’s development of reasons for disagreement.

Day two begins with the reviewer’s development of his or own opinion of value in this two-stage review assignment. You will analyze additional field data to facilitate review decisions whether the opinion of value in the subject appraisal report is credible. From the start of the case study, you will take notes to prepare an individual review report which is submitted to the instructor (the review supervisor) before the exam.

If you’re an appraiser, reviewer, or other real estate professional who regularly works with reviews, this hands-on, application-based course is for you!

Upon completion of this course, participants should be able to:

• Apply the steps of the review process to a two-stage residential appraisal report review assignment

• Evaluate and analyze key sections of the Uniform Residential Appraisal Report (URAR) through an in-depth case study and work-life review applications

• Effectively develop and communicate opinions of completeness, accuracy, adequacy, relevance, reasonableness, appropriateness, credibility, and reasons for disagreement

• Evaluate appraisal errors to distinguish whether they are trivial or material from a review perspective

Note. Review Case Studies - Residential builds on the concepts presented in Review Theory - Residential, a required course in the Appraisal Institute's Residential Review Designation program (AI-RRS - Appraisal Institute Residential Review Specialist). For more information regarding the requirements for the review designation, please click here.

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 pay the Full Price.

Recommended Textbooks

Review Theory-Residential course handbook
Uniform Standards of Professional Appraisal Practice (USPAP), current edition

Recommended Resources

There are references in the review sections within each part of the course handbook to the following textbooks:

Review Theory and Procedures: A Systematic Approach to Review in Real Property Valuation,1st edition. Chicago: Appraisal Institute, 2015.
The Appraisal of Real Estate,14th edition. Chicago: Appraisal Institute, 2013.

Participants would also benefit from having a copy of:

Appraisal Institute Standards of Valuation Practice (SVP)
Appraising Residential Properties, 4th edition, Appraisal Institute, 2007.
Code of Professional Ethics of the Appraisal Institute, available on the AI website under the Professional Practice tab.
Scope of Work, 2nd edition, Appraisal Institute, 2016.
The Dictionary of Real Estate, 6th edition, Appraisal Institute, 2015.

Table of Contents and Overview (PDF)
Schedule (PDF)
• Designated Members

• Certified Residential Appraisers

• Government agency reviewers

• Users of appraisal services
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.

A laptop or tablet with keyboard is highly recommended. As part of the case study, participants will write a narrative review report that must be submitted to the instructor. The report can be handwritten, but participants will find it much easier to use a laptop or tablet with word processing capabilities to facilitate this exercise.

Review Theory-Residential
Cancellation Policy
  • $150.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
Enrollment is on a first-come, first served basis. If the event is filled, a waiting list will be retained. The Southern California Chapter reserves the rights to cancel, limit, or reschedule this event if the minimum enrollment level is not reached, and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations. There are NO transfers; you must cancel out of the offering.

The Appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies. 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 for courses, or at the conclusion of seminars. One hundred percent (100%) attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements.

Some classes have prerequisites. Be sure to read the course description to find out if there are any prerequisites for this course.

Some classes have required textbooks. Be sure to read the class description to find out if there are any required textbooks for this course. There will not be any textbooks for purchase at the class. You must buy them ahead of time. If you arrive for a class without the required textbook credit for the class cannot be given and there will be no refund.

Some classes require you bring a laptop and or other equipment. Be sure to read the class description to determine if any equipment is required. You are responsible for bringing your own extension cord(s). None will be provided. Please safeguard your equipment and personal belongings at all times. The Appraisal Institute, the Southern California Chapter, the Instructor or the facility will not be responsible for any loss of your personal belongings.

Some classes are now available with downloadable materials. If you opted to download class materials instead of having them shipped to you, you will be required to bring the materials with you on a laptop or as a hard copy. If you do not have the materials with you credit for the class cannot be given and there will be no refund. Copies will not be available to you in the class. You are responsible for bringing your own extension cord(s). None will be provided.

It is the policy of the Appraisal Institute to provide reasonable accommodations for qualified persons with disabilities who are participating in Appraisal Institute educational programs. If you need accommodations to participate because of a disability, please notify us in writing at least two weeks in advance of the program and we will arrange for reasonable accommodation. Without two weeks’ notice, accommodation may not be available.

For scannable exams, written notification of results will be sent to the examinee approximately 15 business days from the date of receipt of the exams at the national office.
Certificates of completion for continuing education will be sent to the student in approximately 15 days from the date of the class. Express Grading is available. For more information contact the national office at (312)335-4207.

Program materials can be downloaded by the student.
  Additional Information  









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