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Advanced Market Analysis and Highest & Best Use

    Date: May 13 - 17, 2019   Location: Austin, TX
 
  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  
Larry T. Wright, MAI, SRA, AI-GRS  
    
 
  Location  
Name  HDR  
Address  7745 Chevy Chase Dr. Bldg. 5, Ste. 220  
City  Austin  
State  TX  
Zip  78752  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Austin
Website  www.austinai.org  
Contact Name  Lori Wilkins  
Email  lori@amchouston.com  
Phone  (713) 375-2731  
Fax  (713) 839-1453  
 
  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.


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  
CHECK IN TIME: 8:00 AM, START TIME: 8:30 AM.

Questions: Call Lori Wilkins at 713-375-2731 or lori@austinai.org

LOCATION:
HDR at 7745 Chevy Chase Dr, Bldg 5, Ste. 220, Austin, TX 78752. Seconded floor Conference Room.

HDR
http://www.hdrinc.com/offices/united-states/texas
7745 Chevy Chase Dr, Bldg. 5, Ste. 220
Austin, TX 78752
512-531-5900

Google Map below

LINK
http://maps.google.com/maps?q=7745+Chevy+Chase+Drive%2C+Bldg.+5%2C+Suite+220%2C+Austin+TX+78752-1650%2C+US (HDR, Inc.)


FOOD AND BEVERAGE/BUILDING POLICIES
Snacks and beverages will be provided throughout the day. Lunch is on your own.

Schedule:
May 13th -Registration: 8:00 a.m. - 8:30 a.m.
Class runs from 8:30 a.m. - 5:00 p.m. Monday-Thursday
May 17th - Exam 8:30 a.m. - 11:30 a.m. (three hour exam)

Hotels:

The Westin Austin at The Domain- 11301 Domain Dr Austin, TX 78758
Holiday Inn Austin Nw-Arboretum Area- 8901 Business Park Dr Austin, TX 78759
Extended Stay America Hotel Austin - Arboretum – South- 9100 Waterford Centre Blvd Austin, TX 78758
Homewood Suites by Hilton Austin-Arboretum/NW- 10925 Stonelake Blvd Austin, TX 78759
Extended Stay America Hotel Austin - Arboretum – North- 2700 Gracy Farms Ln Austin, TX 78758
Staybridge Suites Austin Arboretum- 10201 Stonelake Blvd Austin, TX 78759
Hyatt House Austin/Arboretum- 10001 N Capital of Texas Hwy Austin, TX 78759
TownePlace Suites Austin Northwest- 10024 N Capital of Texas Hwy Austin, TX 78759
Candlewood Suites Austin Arboretum-Northwest- 9701 Stonelake Blvd Austin, TX 78759


 

 
















 
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