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Review Theory - General

    Date: June 3 - 7, 2019   Location: Orlando, FL
 
  Course  
Category  General [Gen]  
Attendance Hours  30.0  
Exam Hours  3.0  
Current Price  $ 800.00 AI Price  
$ 1,100.00 Full Price  
 
  Instructor  
Brian J. Flynn, MAI, AI-GRS  
    
 
  Location  
Name  Embassy Suites  
Rep  Shawnte Thomas  
Address  8250 Jamaican Ct  
City  Orlando  
State  FL  
Zip  32819  
Phone  (407) 347-8250  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  East Florida
Website  www.eflai.org  
Contact Name  Lauren Dowling  
Email  lauren@eflai.org  
Phone  (813) 545-1382  
Fax  (813) 464-7610  
 
  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. Prior completion of the following courses is recommended:
15-Hour National USPAP Course
Basic Appraisal Principles
Basic Appraisal Procedures
General Appraiser Site Valuation & Cost Approach
General Appraiser Income Approach Part 1
General Appraiser Income Approach Part 2

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 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.
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.

We reserve the rights to cancel, limit, or reschedule the course and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.

Please note: If you opted to download the materials when you registered, you will not receive the course workbook. Bring a copy of the downloaded seminar materials with you or have them loaded on your laptop. You cannot attend the class without course materials. NO ADDITIONAL COURSE WORKBOOKS WILL BE AVAILABLE AT THE CLASS.

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  
Embassy Suites Jamaican Court
8250 Jamaican Court
Orlando, FL

Course Schedule:
Registration: Monday, June 3, 2019: 8:15 a.m.
Course: Monday - Thursday, June 3-6, 8:30 a.m. - 5:00 p.m.
Exam Review/Examination: Friday, June 7, 8:30 a.m. to Noon


Hotel Accommodations: Embassy Suites, rooms are available at a special rate of $129 until 05/3/2019 by calling 1-800-871-5831.

Parking (self-parking only) for students not staying overnight at the hotel will be validated.


 

 
















 
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