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Advanced Market Analysis and Highest & Best Use

    Date: August 19 - 23, 2019   Location: Woburn, MA
 
  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  
Vincent M. Dowling, MAI, SRA  
    
 
  Location  
Name  01801  
Address  700 Unicorn Park Drive  
City  Woburn  
State  MA  
Zip  01801  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Massachusetts and Rhode Island
Website  www.massri-appraisalinstitute.org  
Contact Name  Lianne C. Andreucci  
Email  l.andreucci@comcast.net  
Phone  (781) 397-8922  
Fax  (781) 388-9052  
 
  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, Candidates for Designation and Practicing Affiliates 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.

Registration Information - Reservations are on a first come, first serve basis. Only those reservations that include full payment will be considered. Space is not guaranteed for those who register after the registration deadline. Priority is given to students enrolling for more than one course. Seating is limited and sessions may fill quickly. Register early. Students without materials may not take the course. A minimum enrollment is required to be able to offer these courses. We reserve the right to cancel or re-schedule this course if a minimum enrollment is not met. If the course is cancelled, you will be notified and given a full refund. Consequently, we do not recommend purchasing non-refundable airline tickets. All cancellations must be submitted in writing. Confirmed students should not assume that cancellation has been granted until a confirmation has been received. Other Information If you have a disability and require accommodation, please notify the chapter office at least two weeks in advance and we will arrange for reasonable accommodation. We reserve the rights to cancel, limit, or reschedule the course and to change faculty assignments and facility locations at any time. APPRAISER QUALIFICATION HOURS & ATTENDANCE POLICY The Appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies. The Appraisal Institute issues certificates for state certification/licensing or state continuing education credit that verify successful completion and attendance of 100% with your grade notification letter. One hundred percent (100%) attendance is required for all Appraisal Institute education programs. Credit and a course completion certificate can only be issued by attending 100% of the course. Please plan accordingly and be on time as late arrival or leaving early could jeopardize your receiving a certificate of attendance. Makeup of missed sessions is not allowed. Disability - If you have a disability and may require some accommodation, please notify the chapter office in writing at least two weeks in advance of each course 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.
 
  Additional Information  
Course Location: Courtyard By Marriott, 700 Unicorn Park Drive, Woburn, MA Registration: 8:00 am Classroom Hours: 8:30 am - 5:00 pm One hundred percent (100%) attendance is required for all Appraisal Institute education programs. Credit and a course completion certificate can only be issued by attending 100% of the course. Please plan accordingly and be on time as late arrival or leaving early could jeopardize your receiving a certificate of attendance. Course outline, shipping fees, and AM break included in tuition. Lunch and afternoon break is "on your own". Overnight Accommodations We now have a fixed rate for students attending AI programs who wish to book overnight accommodations. Visit the hotel website at www.marriott.com/boscw . Under the tab for special rates, click corporate code. The CODE IS is Y8I (capital I at the end).

 

 
















 
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