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Advanced Market Analysis and Highest & Best Use

    Date: February 4 - 8, 2019, Early Registration Required   Location: Lafayette, CA
 
  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  
Gary S. DeWeese, MAI  
    
 
  Location  
Name  Lafayette Library & Learning Center  
Address  Arts and Science  
   3491 Mt. Diablo Boulevard  
City  Lafayette  
State  CA  
Zip  94549  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Northern California
Website  www.norcal-ai.org  
Contact Name  Lisa M. Estes  
Email  lisa@norcal-ai.org  
Phone  (925) 932-7753  
Fax  (925) 932-7754  
 
  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
  • Up To 14 days prior to program start date, refund in full.
  • 7 - 13 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.
Add "noreply@appraisalinstitute.org" to Your Email Acceptance List
Important reminders, changes, attendance verification, etc. will/may be sent to you from the following email - noreply@appraisalinstitute.org so be sure you are able to accept emails from this address.

Cancellation Policy
Written cancellations can be emailed to lisa@norcal-ai.org. We reserve the right to substitute instructors, change facilities or modify this program if sufficient registrations are not received or due to other circumstances beyond our control. In the event of cancellation, tuition fees will be refunded. All other costs incurred are the registrant’s responsibility.

Special Accommodations
Special accommodations are available for individuals who have been professionally diagnosed as physically or learning disabled and can provide appropriate documentation in writing prior to the offering. Without advanced notification, accommodation may not be available.

Notice
Neither the Appraisal Institute nor the facility in which this event is being held is liable for lost or damaged items. This includes but is not limited to calculators, laptops, cell phones, etc. By registering for this event, you agree that your communications may be monitored or recorded at any time and that your contact information may be placed in a roster designed for networking purposes.



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
Lafayette Library & Learning Center
Arts & Science Discovery Room
3491 Mt. Diablo Boulevard (at First Street)
Lafayette, CA
925/283-6513

>>>>> Park onsite. The limited parking signs in the LLLC garage DO NOT APPLY to this offering; so take advantage of the onsite complimentary parking in the library garage or designated outside spaces. Enter garage off of Golden Gate Way.<<<<

Course Materials and Hours
Onsite check-in will begin at 8:00a.m. on Monday, February 4. “Live” course instruction will run from 8:30am – 4:30pm February 4-7. The 3-hour exam will be administered at 8:30am on Friday, February 8. Participants will be sent their course materials / handbook in advance (unless the “download only” option was pre-selected or registered late). Upon registration all students will have access to the downloadable materials.

SAVE $15 - Select the "download only" material option. NOTE: Those selecting the "download only" version of materials are strongly encouraged to either print or save them to your laptop hard drive in advance of the offering as Internet access cannot be guaranteed. Hard-copy materials will not be provided to those who select the "download only" option.

IMPORTANT: Deadlines, Dates & Required Pre-Course Assignments
Jan 7 - Official FIRST day of course -- the day the online session begins; 28 days BEFORE the actual classroom session begins
Jan 14 - Last day to register for and submit the diagnostic test; 21 days BEFORE the classroom session begins
Jan 21 - Last day to receive a “pass” confirmation on the diagnostic test; 14 days BEFORE the classroom session begins
Jan 21 - Last day to register for the course and receive PRINTED materials; 14 days BEFORE the classroom session begins
Jan 30 - Last day to register for the course and DOWNLOAD ONLY course materials; 5 days BEFORE the classroom session begins
Feb 2 - Last day to complete online session; 2 days BEFORE the classroom session begins

Required Equipment
LAPTOPS ARE REQUIRED. An HP-12C calculator is also required. Laptops should be pre-loaded with Excel 2007 or later (participants can use other spreadsheet programs, but those programs won’t be supported in class; demonstrations will be done in Excel). Students are responsible for bringing their own extension cords / power strips, paper & pen/pencil for taking notes and a No. 2 pencil for the exam.

Required Text
The REQUIRED text for this offering can be purchased directly from the Northern California Chapter - 925/932-7753.

Market Analysis for Real Estate: Concepts and Applications in Valuation of Highest and Best Use
AI - $65
Standard / Non-AI - $81.25
Add $5.25 for advanced shipment of text

Optional Texts
While the following texts are not required for this offering - they are great additions to every appraisal library and can be purchased directly from the Northern California Chapter - 925/932-7753.

The Appraisal of Real Estate, 14th ed
AI - $103
Standard / Non-AI - $135.50
Add $7.25 for advanced shipment of text

The Dictionary of Real Estate Appraisal, 6th ed (2015)
AI - $103
Standard / Non-AI - $135.50
Add $7.35 for advanced shipment of text

Text prices include CA sales tax. All texts are sent via U.S. Mail or UPS. Shipping fees do not apply to pre-reserved texts that are held for pick-up at onsite registration. To order texts, please contact the Chapter Office at 925/932-7753 or pat@norcal-ai.org by January 15.

Education Credit Hours
Full (100%) attendance is required for education credit; partial credit not available.

Appraisal Institute: Full attendance and successful completion of the course exam enables Designated Members and Candidates for Designation to receive 375 points of AI continuing education credit; 275 points for full (100%) attendance only (no exam). Partial credit is not available. Note: Candidates taking this course to meet designation requirements must have full attendance and successfully complete the course exam.

BREA Basic/Qualifying: Advanced Market Analysis and Highest & Best Use is approved for appraisal subject matter electives; 33 QE/BE hours (#10754180). Full attendance and successful completion of the exam is required for elective QE/BE credit.

BREA Continuing: Advanced Market Analysis and Highest & Best Use is approved for 30-hours (#10754180) of BREA continuing education credit for licensed/certified appraisers seeking renewal credit. Full attendance (100%) is required. Successful completion of the exam is not required for BREA CEC.

Accommodations
The following hotels are within 1-5 miles of the Lafayette Library and Learning Center:

Diablo Mountain Inn - 925/937-5050
2079 Mt. Diablo Boulevard, Walnut Creek

Lafayette Park Hotel – 877/283-8787
3287 Mt. Diablo Boulevard, Lafayette

Embassy Suites at Pleasant Hill BART – 925/934-2500
1345 Treat Boulevard, Walnut Creek

Guest rooms have not been blocked at any of the hotels above. For additional lodging options in the Lafayette/Walnut Creek area visit the Walnut Creek Visitors & Convention Bureau at http://www.visitwalnutcreek.org/hotels/

Directions, BART & Parking
- For best results when using your navigation system, enter the complete/exact street address - 3491 Mt. Diablo Boulevard, Lafayette.
- Ample complimentary onsite parking is available underground in the library's parking garage (enter garage off of Golden Gate Way).
>>>> The limited parking signs in the LLLC garage DO NOT APPLY to this offering; so take advantage of the onsite complimentary parking.<<<<
- Take Public Transportation! The Lafayette Library & Learning Center is conveniently located in downtown Lafayette and is within walking distance of the Lafayette BART station.

Verification of Attendance
Verification of attendance will be sent directly to you via email from our National Office in Chicago. Attendees should allow 15 working days for receipt of these results. Watch for an email from "noreply@appraisalinstitute.org". The Chapter Office does not receive copies of your results. Those in need of Express Verification should complete the Express Grading Request Form with appropriate payment to the National Office prior to the conclusion of this offering.

Dress in Layers
Meeting room temperatures are often difficult to control. Therefore, for your comfort, we recommend that you dress in layers.


  View Complete Registration Brochure  

  Directions to Lafayette Library & Learning Center  

  Also of Interest: More Advanced Commercial Offerings Coming to Northern California  

  Are You Maximizing the Benefits of Affiliation with AI?  

 

 
















 
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