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Review Theory - General

EMAIL   Date: November 12 - 16, 2018   Location: Austin, TX
 
  Course  
Category  General [Gen]  
Attendance Hours  30.0  
Exam Hours  3.0  
Current Price  $ 800.00 AI Price  
$ 1,100.00 Full Price  
 
  Instructor  
Robert L. Moorman, MAI, SRA, AI-GRS  
Larry T. Wright, MAI, SRA, AI-GRS  
    
 
  Location  
Name  HDR Building  
Address  7745 Chevy Chase Dr.,  
   Budg 5, Ste. 220  
City  Austin  
State  TX  
Zip  78752  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Austin
Website  www.austinai.org  
Contact Name  Lori Wilkins  
Email  lori@amchouston.com  
Phone  (713) 375-2731  
Fax  (713) 839-1453  
 
  Description  

Review Theory—General is the fundamental review course that all reviewers of assignments involving income-producing and other nonresidential properties should have in their educational background. It is a required course for individuals pursuing the Appraisal Institute General Review Designation (AI-GRS, Appraisal Institute General Review Specialist).

At the core of this course is the review process. Participants explore the seven steps outlined in this process as they apply to nonresidential properties. To be a reviewer, an appraiser must learn how to develop opinions of completeness, accuracy, adequacy, relevance, and reasonableness relative to the work under review. These opinions must be refined through tests of reasonableness to develop reconciled opinions of appropriateness and credibility.

The material provides a refresher on key valuation skills often required of reviewers, such as measuring financial feasibility in highest and best use analysis and various applications of the income capitalization approach. In addition, the course covers reporting reviews for income-producing property and the use of commercial review report forms, narrative reports, and oral review reports. Participants will gain practice in writing a scope of work statement for three types of assignments. They will also develop a template for a narrative review report on a property type of their choice (office, retail, apartment, etc.). By taking this course, participants will gain invaluable confidence in the fundamentals of review.

Please note: Designated Members and Candidates for Designation will receive the discounted AI Price for Advanced Education courses: Review Theory-General and Review Case Studies-General. All others will receive the Full Price.

Upon completion of the course, participants should be able to:
• Define review
• Distinguish between appraisal and review
• Evaluate the necessary knowledge and skills required to complete reviews
• Distinguish between trivial and material errors
• Identify types of review assignments and the process employed in the reviewer’s scope of work
• Recognize regulatory compliance issues for review appraisers
• Identify the steps necessary to effectively communicate the review

The Review Theory—General course is required for individuals pursuing the Appraisal Institute General Review Designation (AI-GRS – Appraisal Institute General Review Specialist). For more information regarding the requirements for the review designation, please click here.

If you are currently designated, click here for more information on the alternative path.

If you are currently a candidate for designation, or wish to become a candidate, click here for the specific designation requirements.



Recommended Texts
• Current edition of USPAP
• Current edition of Standards of Valuation Practice

The Dictionary of Real Estate Appraisal, 6th ed.
The Appraisal of Real Estate, 14th ed.
Appraising the Appraisal: The Art of Appraisal Review, 2nd ed.
Capitalization Theory and Techniques Study Guide
Market Analysis for Real Estate: Concepts and Applications in Valuation and Highest and Best Use
Subdivision Valuation
Scope of Work, 2nd ed.
Review Theory and Procedures: A Systematic Approach to Review in Real Property Valuation

Downloads
Table of Contents and Overview (PDF)
Schedule (PDF)
 
  Audience  
• General Certified Appraisers

• Attorneys

• Accountants

• Government agency members

• Users of appraisal services
 
  Equipment  
• Laptop. This course includes writing exercises. Each participant will need his or her own laptop with word processing software.
• 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 calculator operations when the course begins. Answers to problems in the course material are shown using the HP-12C.
• 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  
None. However, please note that this course was written for appraisers at the General Certified level.

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.

 
  Disclaimer  
Cancellation Policy
  • $150.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
       


Program materials can be downloaded by the student.
 
  Additional Information  
CHECK IN TIME: 8:00 AM, START TIME: 8:30 AM.

Questions: Call Lori Wilkins at 713-375-2731 or lori@austinai.org

LOCATION:
HDR at 7745 Chevy Chase Dr, Bldg 5, Ste. 220, Austin, TX 78752. Seconded floor Conference Room.

HDR
http://www.hdrinc.com/offices/united-states/texas
7745 Chevy Chase Dr, Bldg. 5, Ste. 220
Austin, TX 78752
512-531-5900

Google Map below

LINK
http://maps.google.com/maps?q=7745+Chevy+Chase+Drive%2C+Bldg.+5%2C+Suite+220%2C+Austin+TX+78752-1650%2C+US (HDR, Inc.)


FOOD AND BEVERAGE/BUILDING POLICIES
Snacks and beverages will be provided throughout the day. Lunch is on your own.

Hotels:

The Westin Austin at The Domain- 11301 Domain Dr Austin, TX 78758
Holiday Inn Austin Nw-Arboretum Area- 8901 Business Park Dr Austin, TX 78759
Extended Stay America Hotel Austin - Arboretum – South- 9100 Waterford Centre Blvd Austin, TX 78758
Homewood Suites by Hilton Austin-Arboretum/NW- 10925 Stonelake Blvd Austin, TX 78759
Extended Stay America Hotel Austin - Arboretum – North- 2700 Gracy Farms Ln Austin, TX 78758
Staybridge Suites Austin Arboretum- 10201 Stonelake Blvd Austin, TX 78759
Hyatt House Austin/Arboretum- 10001 N Capital of Texas Hwy Austin, TX 78759
TownePlace Suites Austin Northwest- 10024 N Capital of Texas Hwy Austin, TX 78759
Candlewood Suites Austin Arboretum-Northwest- 9701 Stonelake Blvd Austin, TX 78759


 

 
















 
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