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Advanced Market Analysis and Highest & Best Use

    Date: April 1 - 5, 2019   Location: NASHVILLE, TN
 
  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  
Stephen F. Fanning, MAI, AI-GRS  
Benjamin R. Sellers, MAI  
    
 
  Location  
Name  Nashville School of Law  
Address  4013 Armory Oaks Drive  
City  NASHVILLE  
State  TN  
Zip  37204  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Greater Tennessee
Website  www.tnappraiser.org  
Contact Name  Myra W. Pitts  
Email  myra@tnappraiser.org  
Phone  (615) 515-9700  
 
  Description  

The 35-hour Advanced Market Analysis and Highest & Best Use 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.

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 & Best Use, Advanced Concepts and Case Studies, and Quantitative Analysis. All others will will pay 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

Combining the analytical processes of market analysis, highest and best use, and income valuation, this course is intended for those who have taken and passed the General Appraiser Market Analysis and Highest & Best Use course and have a thorough understanding of the mathematical and financial principles necessary to perform appraisals of income-producing properties.

Building on the Level B marketability studies that were applied in General Appraiser Market Analysis and Highest & Best Use, you will perform Level C marketability studies using fundamental demand analysis and study several real estate markets in a fictional city.

The economic base of the community is explored, and it is used as the subject and example for both physical and economic forces that affect all communities and consequently all real estate.

The remainder of the course consists of four case studies (apartment and condominium conversion, retail, industrial, and land with potential for mixed-use development) that are intended to demonstrate both the power of fundamental market analysis and its application to highest and best use decisions.

Note. Because this course builds on concepts learned in the Appraisal Institute’s General Market Analysis and Highest & Best Use course, it is HIGHLY recommended that you take the Appraisal Institute’s General Market Analysis and Highest & Best Use course before you take this advanced course.

By taking both courses, you should gain a solid knowledge base of market analysis and highest and best use concepts. If you elect only to take this course, be advised that you’ll need to factor in additional study time to learn the general concepts presented in the previous course.

Required Text
Market Analysis for Real Estate, 2nd ed.



Downloads
Table of Contents and Overview (PDF)
Course Schedule (PDF)
 
  Audience  

• Candidates for Designation working on MAI designations

• MAIs who want to further market analysis/highest & best use knowledge and skill base
 
  Equipment  
• Laptops (external mouse recommended)
• 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)
Basic Appraisal Principles
Basic Appraisal Procedures
15-hour National USPAP
General Appraiser Market Analysis and Highest & Best Use
General Appraiser Income Approach/Part 1
General Appraiser Income Approach/Part 2
General Appraiser Site Valuation and Cost Approach
General Appraiser Sales Comparison Approach
General Appraiser Report Writing & Case Studies
Real Estate Finance, Statistics, and Valuation Modeling

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.  
  Shopping Center Appraisal and Analysis   
  Valuation of Apartment 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.
AMERICANS WITH DISABILITIES ACT: In order that we may comply with ADA, we need advance notice of any special needs you may have. Please provide written details of any special needs you may have under ADA on a separate page and send it in at least two weeks in advance in order that reasonable accommodations may be arranged.

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  
Location:
Nashville School of Law
4013 Armory Oaks Drive
Nashville, TN 37204
615-256-3684

Sponsor / Contact

Chapter: Greater Tennessee
Website: www.tnappraiser.org
Contact: Myra W. Pitts
Email: myra@tnappraiser.org
Phone: 615-515-9700


Registration: 7:30am central time
Class begins: 8:00am central time

Area Hotels:
***Please note, you WILL need a car. The closest hotel to meeting facilty is 6 miles away***

Four Points by Sheraton Nashville Brentwood
760 Old Hickory Blvd
Brentwood, TN 37067
615-964-5500
http://www.fourpointsbrentwood.com/

Candlewood Suites Nashville-Brentwood
5129 Virginia Way, Brentwood, TN 37027
(615) 309-0600
https://www.ihg.com/candlewood/hotels/us/en/brentwood/bnavw/hoteldetail?cm_mmc=GoogleMaps-_-CW-_-US-_-BNAVW

Hampton Inn Nashville/Brentwood
5630 Franklin Pike Cir, Brentwood, TN 37027
(615) 373-2212
http://hamptoninn3.hilton.com/en/hotels/tennessee/hampton-inn-nashville-brentwood-i-65s-BNABDHX/index.html

Residence Inn Nashville/Brentwood (Marriott)
206 Ward Cir, Brentwood, TN 37027
(615) 371-0100
http://www.marriott.com/hotels/travel/bnamf-residence-inn-nashville-brentwood/

These are merely suggestions on where to stay. We do not have a block of rooms anywhere due to the amount of people that use their own points, hotwire, priceline etc... Any hotel in Brentwood will be close and safe to the class venue.

 

 
















 
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