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Advanced Concepts & Case Studies

CALL   Date: October 1 - 6, 2018   Location: Addison, 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  
Stephen F. Fanning, MAI, AI-GRS  
    
 
  Location  
Name  Radisson Hotel Dallas North-Addison  
Address  4960 Arapaho Road  
City  Addison  
State  TX  
Zip  75001  
 
Click Here to check state approvals
     
 
  Sponsor / Contact  
Chapter  North Texas
Website  www.ainorthtexas.org  
Contact Name  Ruth A. Kelton  
Email  ainorthtexas@sbcglobal.net  
Phone  (972) 233-2244  
Fax  (000) 000-0000  
 
  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
  • $150.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
       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.

CANCELLATION POLICY:
Requests for cancellation must be received in writing at the Chapter Office. The Chapter reserves the right to cancel, limit, or reschedule the course and to change faculty assignments and facility location at any time; therefore, prospective students should confirm their registration prior to making any non-refundable airline reservations. The Appraisal Institute, North Texas Chapter is not responsible for students’ non-refundable airline reservations or other travel costs.

There are NO transfers; you must cancel out of the course.

COURSE MATERIAL POLICY:
Course material will be shipped directly to the student within four (4) weeks of registration. 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.


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


ATTENDANCE POLICY:
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. Attendance at course orientation is mandatory. One hundred percent (100%) attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualifications Board minimum criteria requirements.


ADA COMPLIANCE:
If you are disabled and/or have special needs, a prompt reply is required to allow sufficient time to arrange for reasonable accommodations. If notification is not requested in advance, we cannot guarantee the availability of accommodation on site. For additional information, please call the Chapter office at 972-233-2244.



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  
REMINDER TO BRING COURSE MATERIAL TO CLASS:
If the course material was shipped to you, please be reminded to bring it with you to class. If you received the course material via the download option, please load it on a laptop or tablet and bring it to class with you.

COURSE LOCATION:
Radisson Hotel Dallas North-Addison
4960 Arapaho Road
Addison, TX 75001
972-490-1212
The Radisson Hotel is conveniently located west of the Dallas North Tollroad at the southwest corner of Arapaho Road and Quorum Drive.

REQUIRED DIAGNOSTIC TEST:
To successfully complete Advanced Education courses, it is important that students have basic spreadsheet skills. Before enrolling in Advanced Education courses, students are required to pass a Diagnostic Test in which they demonstrate their skill level in creating and working with Excel spreadsheets. The Test is free and can be taken at any time on your computer. After successfully passing the Test, you will be allowed to register for any of the Advanced Education courses. Please see "Prerequisites" above for the link to the Diagnostic Test.

COURSE DEADLINES:
Prior to the first day of class, a separate 2-hour online session is required. The online session is available 28 days before the classroom session begins, and it ends 2 days before the classroom session begins.

September 3, 2018 (28 days before classroom session begins)
Official FIRST day of course - online session begins.

September 10, 2018 (21 days before classroom session begins)
Last day to register for and submit the Diagnostic Test.

September 16, 2018 (15 days before classroom session begins)
Last day to cancel registration with full refund.

September 17, 2018 (14 days before classroom session begins)
Last day to receive a "pass" confirmation on Diagnostic Test.
Last day to register for the course and receive printed materials.
Last day to cancel registration with $150 cancellation fee.

September 24, 2018 (7 days before classroom session begins)
Last day to cancel registration with -0- refund.

September 26, 2018 (5 days before classroom session begins)
Last day to register for the course with download only option for materials.

September 29, 2018 (2 days before classroom session begins)
Last day to complete the mandatory online session.

COURSE SCHEDULE:
Registration – October 1 (8:00 to 8:30am)
Lecture – October 1, 2, 3, 4 & 5 (8:30am to 4:30pm)
Exam – October 6 (8:30 to 11:30am)
All day beverage service. Lunch will not be provided.

APPRAISAL INSTITUTE CONTINUING EDUCATION POINTS:
Attendance Only = 275 points
Attend and Pass = 375 points
Pass Exam Only = 325 points
40 hours (35 classroom; 3-hour exam; 2-hour pre-class online session)

TALCB CREDITS:
Continuing Education (ACE) – 35 hours
Qualifying Education (QE) - 30 hours

TUITION INCLUDES:
Course materials. Tuition does not include textbooks or equipment.

STUDENT ROSTERS:
Students that do not wish to have their name, address, phone number and email address published to other students in the class must notify the Chapter five (5) days prior to the beginning of the course.

EXAMINATION GRADING POLICY - 5-7 Business Days:
The Appraisal Institute's National office will email examination results and certificates of attendance to the students within 5-7 business days from the date the examinations are received at the National Appraisal Institute office.

ACCOMMODATIONS:
The Radisson Hotel Dallas North-Addison, 4960 Arapaho Road, Addison, TX, 75001, 972-490-1212, (https://www.radisson.com/addison-hotel-tx-75001/usadntx). A special guest room rate of $89.00++ per night is available for a room with a king bed and sofa sleeper or a room with two queen beds. Guest rooms include a microwave, mini-refrigerator, coffee maker, television and desk. Hotel amenities include complimentary Wifi, 24-hour business center, outdoor swimming pool, fitness center, snack and sundry shop, room service and an on-site restaurant (serving breakfast and dinner) and bar.

To Book A Reservation:
24/7 Telephone Reservations: 972-490-1212, option 1. Ask for the Appraisal Institute $89.00 Corporate Rate.
24/7 Online Reservations: https://www.radisson.com/addison-hotel-tx-75001/usadntx -> CLICK More Search Options -> Rate Type: Corporate Account ID -> Enter Code: 19385 -> Search -> Screen will reflect the discounted rates.

TRANSPORTATION:
Transportation is available via Supershuttle to and from Dallas Love Field Airport and DFW International Airport. SuperShuttle fares are subject to change, so verify pricing at www.supershuttle.com.



 

 
















 
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