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Review Case Studies - Residential

CALL   Date: March 28 - 29, 2019   Location: Fargo, ND
Category  Other [Oth]  
Attendance Hours  14.0  
Exam Hours  1.0  
Current Price  $ 650.00 AI Price  
$ 900.00 Full Price  
Craig Steinley, SRA, AI-RRS  
Name  Courtyard by Marriott  
Address  2249 55th St. S  
City  Fargo  
State  ND  
Zip  58104  
Click Here to check state approvals
  Sponsor / Contact  
Chapter  North Star
Contact Name  Alex Hazard  
Address  2345 Rice Street  
   Suite 220  
City  St. Paul  
State  MN  
Zip  55113  
Phone  (651) 925-5528  
Fax  (651) 317-8048  
"Thanks for a great class – I really enjoyed it and found the Case Study really helpful.”
- Sarah VandenBerg, Kalamzaoo, MI

"Thank you for a very informative and [enjoyable] seminar"
- Linda L. Woodward, SRA, Bloomsburg, PA

"I enjoyed my time in your class and appreciate your dedication to making us all better reviewers!"
- Kathy Kocour, Kansas City, MO

Review Case Studies-Residential is unlike anything you’ve experienced in other review courses. In this two-day course, you will apply the review process that you learned in Review Theory-Residential by walking through a case study that focuses on a two-stage review assignment. Day one begins with a quick refresher of review concepts. From there, you will work on an assignment that gets dropped on your desk much like it does in real life. Working in groups, as well as individually, you’ll identify and analyze the components of the case study review assignment.

For many, this will be the first opportunity to work through all seven steps of the review process and apply them within a simulated, very real-to-life assignment. Problem identification and scope of work is where the process begins and that quickly leads to the tougher analytical work where you’ll analyze the subject appraisal report and develop opinions of completeness, accuracy, adequacy, relevance, and reasonableness (including tests of reasonableness). From there, you’ll learn to develop opinions of appropriateness and creditability to both the appraiser’s development work as well as opinions on whether the appraiser’s report is appropriate and not misleading—including the reviewer’s development of reasons for disagreement.

Day two begins with the reviewer’s development of his or own opinion of value in this two-stage review assignment. You will analyze additional field data to facilitate review decisions whether the opinion of value in the subject appraisal report is credible. From the start of the case study, you will take notes to prepare an individual review report which is submitted to the instructor (the review supervisor) before the exam.

If you’re an appraiser, reviewer, or other real estate professional who regularly works with reviews, this hands-on, application-based course is for you!

Upon completion of this course, participants should be able to:

• Apply the steps of the review process to a two-stage residential appraisal report review assignment

• Evaluate and analyze key sections of the Uniform Residential Appraisal Report (URAR) through an in-depth case study and work-life review applications

• Effectively develop and communicate opinions of completeness, accuracy, adequacy, relevance, reasonableness, appropriateness, credibility, and reasons for disagreement

• Evaluate appraisal errors to distinguish whether they are trivial or material from a review perspective

Note. Review Case Studies - Residential builds on the concepts presented in Review Theory - Residential, a required course in the Appraisal Institute's Residential Review Designation program (AI-RRS - Appraisal Institute Residential Review Specialist). For more information regarding the requirements for the review designation, please click here.

Please note Designated Members and Candidates for Designation will receive the discounted AI Price for Advanced Education courses: Review Theory-Residential and Review Case Studies-Residential. All others will pay the Full Price.

Recommended Textbooks

Review Theory-Residential course handbook
Uniform Standards of Professional Appraisal Practice (USPAP), current edition

Recommended Resources

There are references in the review sections within each part of the course handbook to the following textbooks:

Review Theory and Procedures: A Systematic Approach to Review in Real Property Valuation,1st edition. Chicago: Appraisal Institute, 2015.
The Appraisal of Real Estate,14th edition. Chicago: Appraisal Institute, 2013.

Participants would also benefit from having a copy of:

Appraisal Institute Standards of Valuation Practice (SVP)
Appraising Residential Properties, 4th edition, Appraisal Institute, 2007.
Code of Professional Ethics of the Appraisal Institute, available on the AI website under the Professional Practice tab.
Scope of Work, 2nd edition, Appraisal Institute, 2016.
The Dictionary of Real Estate, 6th edition, Appraisal Institute, 2015.

Table of Contents and Overview (PDF)
Schedule (PDF)
• Designated Members

• Certified Residential Appraisers

• Government agency reviewers

• Users of appraisal services
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.

A laptop or tablet with keyboard is highly recommended. As part of the case study, participants will write a narrative review report that must be submitted to the instructor. The report can be handwritten, but participants will find it much easier to use a laptop or tablet with word processing capabilities to facilitate this exercise.

Review Theory-Residential
Cancellation Policy
  • $150.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
COURSE/SEMINAR ATTENDANCE - Don't be late! One hundred percent (100%) is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements. Students should not be late or leave early. If the Appraisal Institute attendance records indicate attendance of less than 100%, the student's certificate will reflect this, and state agencies may refuse to award credit.

ADA POLICY: If you are disabled and/or have special needs, a prompt reply is required to allow sufficient time to arrange for reasonable accommodations.
For additional information, please call the Chapter office at 651.925.5528.

COMPLETION CERTIFICATES: For scannable exams, written notification or results will be sent via email to the examinee approximately 15 business days from the date of receipt of the exams at the national office. Certificates of completion for Seminars will be distributed at the conclusion of the class or e-mailed to you. Express Grading for scannable exams is available - for more information about Express Grading, contact the Appraisal Institute National office at 312.335.4207.

Program materials can be downloaded by the student.
  Additional Information  
Upon completion of registration, you will receive an enrollment confirmation/receipt via e-mail. Look out for the e-mail and save it for future reference via a print out or save to your smartphone.

Note: Program materials can be downloaded by the student or can be shipped directly to the student. If you elect to DOWNLOAD the material and save $15.00, you must bring a copy of this Student Handbook material to class with you. There will be no handbooks available for you.

Residential at the Courtyard by Marriott,
229 55th St. S,
Fargo, ND 58104

Registration – March 28 (8:00am to 8:30am)
Lecture – March 28 (8:30am - 5:00pm)
Exam - March 28 (8:30pm-4:30am)

Temperatures in class rooms vary, please dress accordingly.

To receive credit, 100% attendance is required for all Appraisal Institute education programs. Students should not be late or leave early; if they are late or leave early, they will not receive credit. The Minnesota Commerce Department requires 100% attendance of the classroom time. Partial credit is not awarded.

Appraisal Institute:

CERTIFICATES OF ATTENDANCE (5-7 Business Days): The Appraisal Institute's national office will e-mail certificates of attendance to the students and will submit State continuing education credit within 5-7 business days.




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