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Advanced Concepts & Case Studies

    Date: September 16 - 21, 2019   Location: Middleburg Heights, OH
 
  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  
John H. Urubek, MAI  
    
 
  Location  
Name  Crowne Plaza Cleveland Airport  
Rep  Nancy Wells  
Address  7230 Engle Rd.  
City  Middleburg Heights  
State  OH  
Zip  44130  
Phone  (440) 243-4040  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Ohio
Website  www.aiohio.org  
Contact Name  Nancy Linton-Hall  
Address  122 W. Murphy St.  
   Suite 3  
City  Madison  
State  NC  
Zip  27025  
Email  nancy@aiohio.org  
Phone  (336) 297-9511  
Fax  (336) 297-9055  
 
  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
  • Up To 15 days prior to program start date, $50.00 cancellation fee.
  • 7 - 14 days prior to program start date, $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.
Special Note
Enrollment is on a first-come, first-served basis. The Ohio Chapter reserves the right to cancel this course if the minimum enrollment level is not reached. The chapter recommends that students reserve their hotel room directly with the hotel where the courses are being held and not with a third-party reservation service. In the case of a cancellation, by booking directly with the recommended hotel you may typically cancel your hotel room within 24+ hours of the reservation with no cancellation fee. Students are responsible for their own hotel and airline fees in the event of a cancellation.

Attendance requirements mandated by the state of Ohio will be strictly enforced. Certificates will be issued to those in attendance for 100% of the course hours or better. If you have a disability and may require some accommodation, please notify us in writing at least 2 weeks in advance and we will arrange for reasonable accommodation.

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.


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  
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: https://www.appraisalinstitute.org/candidate-designation/
Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; course equivalencies: https://www.appraisalinstitute.org/assets/1/7/Participant_FAQ_Sheet_MAI_Courses_rev._3-30-17.pdf

REQUIRED DIAGNOSTIC TEST: The diagnostic test must be passed before students can register for this advanced education course. We recommend 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.myappraisalinstitute.org/education/AETEST.aspx. Test results will be e-mailed to participants within 7 BUSINESS days from the day the test was submitted.

OTHER IMPORTANT INFORMATION: Follow this link for important logistical course details (i.e. required equipment, laptop, software, etc.) http://www.myappraisalinstitute.org/education/more_info.aspx?id=46521

COURSE SCHEDULE & DEADLINE DATES: The First day of the course begins with a separate 2-hour online session, which is required. The online session is available 28 days (8/19/19) before the classroom session begins. The online session ends 2 days (9/14/19) before the classroom session begins.

August 19, 2019
2-hour online session begins

August 26, 2019
Last day to register for and submit the diagnostic test.

September 1, 2019
Last day to cancel and with a $50 cancel fee.

September 2, 2019
Last day to receive a "pass" confirmation on diagnostic test.

September 2, 2019
Last day to register for the course with printed materials .

September 2, 2019
Last day to cancel registration with $150 refund.

September 9, 2019
Last day to cancel with $0.00 refund

September 11, 2019
Last day to register for the course.

September 14, 2019
Last day to complete 2-hour online session.

Course Materials
Materials will be available via download only after September 2nd.
Please do not forget to download to an e-device or print and to bring them with you to class!!

Course Classroom Schedule
Registration: 9/16/19: 8 a.m. -- 8:30 a.m.
Class: 9/16-20/19 : 8:30 a.m. -- 5 p.m
Exam: 9/21/19: 8:30 a.m. -- 11:30 a.m.

Hours
40 Hours (2 Hrs: Online; 35 Hrs: Classroom; 3 Hr Exam)

CE/QE Credit Approvals
Appraisal Institute: Attend Only: 275 Points; Attend and Pass: 375 Points; Pass Exam Only: 325 Points

CE/QE Pending Credit Approvals
OH Appraisal Board: 35 hours of CE
OH Appraisal Board: 38 hours of QE
Ohio Real Estate: xx Hours
Other State Approvals: http://www.myappraisalinstitute.org/education/statecert_prgrm.aspx?id=503GD

Attendance Policy
The Appraisal Institute and AQB require full attendance (100%) at the course. If the attendance roster reflects less than 100%, it could/will show up on the roster submission to the states.

Tuition Includes
Course materials and breaks

Course Location
Crowne Plaza Cleveland Airport, 7230 Engle Rd., Middleburg Heights, OH 44130; T.440-243-4040



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