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Quantitative Analysis

CALL   Date: December 17 - 21, 2018   Location: Roseville, MN
 
  Course  
Category  General [Gen]  
Level  II  
Attendance Hours  32.0  
Exam Hours  3.0  
Current Price  $ 800.00 AI Price  
$ 1,100.00 Full Price  
 
  Instructor  
Thomas W. Hamilton, PhD, MAI  
    
 
  Location  
Name  BATC  
Address  2960 Center Point Drive  
City  Roseville  
State  MN  
Zip  55113  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  North Star
Website  www.northstarai.org  
Contact Name  Cara Anderson  
Email  canderson@associationdevelopment.com  
Phone  (651) 925-5528  
Fax  (651) 317-8048  
 
  Description  

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

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 pay full price.

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

This course focuses on the practical application of quantitative tools for analyzing data, drawing appropriate conclusions from data sets, and presenting both the analysis and conclusions in ways that enhance communication with appraisal clients. It reviews and furthers the application of basic statistical measures (mean, median, mode, standard deviation, etc.) and spends a good deal of time on graphical and regression analysis.

Central goals of the course include showing participants how to understand the reliability and validity of data used to draw conclusions, providing the knowledge needed to support the conclusions others may draw from the same or similar datasets. Presentation and activities make extensive use of real-world appraisal applications and are aimed at furthering an appraiser’s ability to provide credible analysis of real property-related issues.

Upon completion of the course, participants should be able to:
• Properly apply and explain statistical methods such as simple and multiple regression analysis using market information
• Understand and critique statistical applications
• Understand how to incorporate statistical analysis in valuation reports
• Understand how to evaluate the reliability of various types of data used in valuation
• Understand the language of quantitative analysis
• Use graphs to present data and analysis
• Understand research design issues such as hypothesis construction, data reliability and validity, and sampling issues

Note: This course implements a blended learning approach, which includes a pre-class, two-hour online session combined with 30 hours of traditional classroom education and wraps up with a three-hour exam on the fifth morning.

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 pay full price.

This course is in the Analytics for Valuation Professional Development Program. For more information, click here.

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



Downloads
Table of Contents and Overview (PDF)
Schedule (PDF)
 
  Audience  
• General or Residential Associates working on their designations

• MAIs or SRAs who want to further their statistics knowledge and skill base

• Residential or general certified appraisers

• Tax assessors

• Attorneys

• Bankers

• Review appraisers

• Market researchers
 
  Equipment  
An Introduction to Statistics for Appraisers
• Laptops (recommend external mouse)
• Spreadsheet program: Excel 2010  
• 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 2010. Do not come to class expecting to be taught how to use Excel.

Note to Mac users: Microsoft does not support the Data Analysis Tool Pack in Mac Office Excel 2008 or Mac Office  Excel 2011.  However, they do suggest free third-party add-ins with similar functionality. For more information, select Excel 2008 or Excel 2011.

 
  Prerequisites  
Required:
Advanced Education Diagnostic Test

Recommended:
Real Estate Finance, Statistics, and Valuation Modeling or university-level introduction to statistics course
Using Spreadsheet Programs in Real Estate Appraisals - The Basics or similar course/seminar

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.

Required
  • An Introduction to Statistics for Appraisers
  •  
      For Further Reading  
      Brochure  
      The Dictionary of Real Estate Appraisal , 6th ed.  
     
      Disclaimer  
    Cancellation Policy
    • $150.00 cancellation fee.
    • Less than 7 days prior to program start date, forfeit of payment.
           
    Enrollment Cancellation Policy:
    If a student wishes to cancel enrollment, a cancellation notice must be submitted in writing via canderson@associationdevelopment.com A confirmation of the cancellation will be e-mailed to the student once it is processed by the Chapter office. See course details regarding cancellation fees. This confirmation will serve as your receipt.


    The North Star 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 with the Chapter office before making any nonrefundable airline reservations.


    ADA POLICY: If you are disabled and/or have special needs, a prompt reply is required to allow sufficient time to arrange for reasonable accommodations.
    For additional information, please call the Chapter office at 651.925-5528.

    Program materials can be downloaded by the student.
     
      Additional Information  
    Upon completion of registration, you will receive an enrollment confirmation/receipt via e-mail. Look out for the e-mail and save it for future reference via a print out or save to your smartphone.

    Note: Program materials can be downloaded by the student or can be shipped directly to the student. If you elect to DOWNLOAD the material and save $15.00, you must bring a copy of this Student Handbook material to class with you. There will be no handbooks available for you.

    Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; course equivalencies. Follow this link: http://www.appraisalinstitute.org/assets/1/7/MAI_Designation_Education_FAQs_for_participants.pdf

    REQUIRED DIAGNOSTIC TEST: The diagnostic test must be passed before students can register for this advanced education course. We require that students take the test at least 21 days before the classroom session of the course begins. Follow this link to take the free test: http://www.appraisalinstitute.org/education/AETEST.aspx.

    LOCATION:
    Builders Association of the Twin Cities (BATC)
    2960 Centre Pointe Drive,
    Roseville, MN 55113
    PHONE: 651-697-1954
    website: www.batc.org

    Lodging Options

    Can be found by clicking on the 'Lodging Options' at the bottom of this information page.

    COURSE SCHEDULE & DEADLINE DATES:
    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. The online session ends 2 days before the classroom session begins.

    November 19, 2018 (28 days)
    2-hour online session begins

    November 26, 2018 (21) days
    Last day to register for the required diagnostic test and submit.

    December 3, 2018 (14) days
    Last day to receive a pass confirmation on diagnostic test
    Last day to register for the course with printed materials

    December 10, 2018 (7 days)
    Last day to cancel registration with -0- refund

    December 12, 2018 (5 days)
    Last date to register for the course

    December 15, 2018 (2 days)
    Last day to complete 2-hour online session

    December 17 - 21, 2018
    Classroom Instruction, 8:30 a.m.-5:00 p.m.
    Lunch is on your own each day.

    December 21, 2018
    Exam, 8:30 a.m. – 11:30 a.m.

    EXAM GRADING POLICY (5-7 Business Days):
    The Appraisal Institute's national office will e-mail exam results and certificates of attendance to the students within 5-7 business days from the date the exams are received at the National Appraisal Institute office.

    ATTENDANCE POLICY & EXAM:
    To receive credit, 100% attendance is required for all Appraisal Institute education programs. Students should not be late or leave early; if they are late or leave early, they will not receive credit. The Georgia Real Estate Appraisers Board requires 100% attendance of the classroom and online time and a passing grade on the exam (75%). Partial credit is not awarded.

    Total Course HOURS
    35 (2 online, 30 classroom, 3-hour exam)

    AI CE Credit for Designated Members, Candidates for Designation, and Practicing Affiliates
    • Attend Only = 275 points
    • Attend and Pass= 375 points
    • Pass Exam Only = 325 points

    STATE APPROVALS:
    Review a list of state approval status here: http://www.myappraisalinstitute.org/education/state_aprv.aspx

    MN allows 33 Hours QE/CE with the Exam, 30 Hours CE no exam (the 2 Hour online session does not receive CE in Minnesota)
    MN Assessor: 35 Hrs.

    REQUIRED 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.


    TEXTBOOK ORDERING INSTRUCTIONS (for recommended reading):
    To order books and other materials, go to our online store here: http://www.appraisalinstitute.org/store/

    QUESTIONS:
    E-mail Cara Anderson @ canderson@associationdevelopment.com


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