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Advanced Concepts & Case Studies

    Date: August 5 - 10, 2019   Location: Branchburg, NJ
 
  Course  
Category  Other [Oth]  
Level  II  
Attendance Hours  37.0  
Exam Hours  3.0  
Current Price  $ 850.00 AI Price  
$ 1,200.00 Full Price  
 
  Instructor  
John H. Urubek, MAI  
    
 
  Location  
Name  Raritan Valley Community College  
Rep  Debra Miller  
Address  118 Lamington Ave.  
City  Branchburg  
State  NJ  
Zip  08876  
Phone  (908) 526-1200  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Metro New Jersey
Website  www.ai-newjersey.org  
Contact Name  Debra J. Miller  
Email  metronj@ai-newjersey.org  
Phone  (732) 560-0072  
 
  Description  

The 40-hour Advanced Concepts & Case Studies course implements a blended learning approach, which includes a pre-class, two-hour online session combined with 35 hours of traditional classroom education and wraps up with a three-hour exam on the sixth 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 and Best Use, Advanced Concepts and Case Studies, and Quantitative Analysis. All others will receive the 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.

Important Note: Mandatory Diagnostic Test
Before enrolling in this or any other MAI designation course, you must pass a diagnostic test. The Excel diagnostic tests your mastery of solving appraisal problems using spreadsheets. This newly released diagnostic test was intentionally designed to be challenging and ensure participants have adequate Excel skills before taking MAI designation courses.

Excel is used extensively in the MAI designation courses; it is highly recommended that you know how to perform the necessary appraisal functions in Excel to succeed in this course.

The diagnostic test is free and can be taken at any time on your personal computer. To register for the test, please click here.


Course Description
This course synthesizes basic and advanced valuation techniques taught in previous courses, and addresses consistent treatment of the three valuation approaches for various valuation problems. Case studies teach participants how to address common but complex appraisal issues, including a leased fee not at market rent, a proposed property, a property in a market not at equilibrium, and a subdivision. The course emphasizes the need to test the reasonableness of conclusion in an appraisal.

Note. This is primarily a synthesis course, not a review course. Like all advanced education courses sponsored by the Appraisal Institute, the course naturally reviews many concepts taught in previous courses. However, it includes some new material and does not include a complete overview of the other courses. Therefore, Advanced Concepts & Case Studies should not be considered an adequate review for the comprehensive exam. To prepare for the comprehensive exam, participants must review all four advanced education courses, as well as basic concepts from qualifying education for certified general appraisers.

Upon completion of the course, participants should be able to: • Develop and reconcile cost, income, and sales comparison approaches for a leased fee interest rent, including consistent treatment of property rights
• Recognize the typical relationships between yield rates on leased fee and fee simple estates, considering their varying risk
• Review proper procedures for developing a market-supported discounted cash flow analysis, and apply them to practical examples
• Develop and reconcile cost, income, and sales comparison approaches for a proposed property as is, upon completion, and upon stabilization
• Demonstrate a working knowledge of various methods of calculating a rent-up adjustment and a property rights adjustment
• Identify the demographic and economic data used to estimate an absorption period for a development project
• Develop and reconcile cost, income, and sales comparison approaches for a property in a market not at equilibrium
• Conduct inferred and fundamental demand analysis based on data provided in case studies
• Develop and reconcile cost, income, and sales comparison approaches for a subdivision

Downloads
Table of Contents and Overview (PDF)
Schedule (PDF)
 
  Audience  
• General appraisers who want to improve their ability to apply appraisal methods, techniques, and procedures

• Candidates for Designation who are working on MAI designations
 
  Equipment  
• Laptops (recommend external mouse)
• 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)
General Appraiser Sales Comparison Approach 
General Appraiser Market Analysis and Highest & Best Use 
General Appraiser Income Approach/Part 1
General Appraiser Income Approach/Part 2
General Appraiser Report Writing and Case Studies

Recommended
Advanced Market Analysis and Highest & Best Use

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.  
  Market Analysis for Real Estate: Concepts and Applications in Valuation and Highest and Best Use  
  Valuation of Apartment Properties  
  Subdivision Valuation  
  Shopping Center Appraisal and Analysis   
  The Valuation of Office 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.
Course enrollment and cancellation policy ENROLLMENT POLICY: Your enrollment form and payment by check or online registration must be received by the chapter office at least 10 days before the start date to receive materials. Late Registrations will need to Download Materials. We cannot accept walk-in students. CANCELLATION POLICY: All cancellations must be received in writing. There is a minimum $50 cancel fee before materials are shipped and the cost of credit card processing fees. After materials are shipped there is a $150 cancel fee. No refund for cancellations within 7 days of the course. The chapter reserves the right to cancel or reschedule any program, and to change faculty assignments if necessary. If you missed the deadline, you can be put on a waiting list, by e-mailing the chapter office- metronj@ai-newjersey.org. If you have a disability and may require some form of accommodation, please notify us in writing at least 2 weeks in advance 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  
Registration information for the Appraisal Institute's Course Advanced Concepts and Case Studies, August 5 - 10, 2019 sponsored by the Metro NJ Chapter. You must complete the online diagnostic test prior to taking this class. If you have not received your course materials two weeks prior to the start of class, please call the chapter office at (732)560-0072. Classes will be held at Raritan Valley Community College, 118 Lamington Rd., Branchburg, NJ in the conference center, room ATCC 101. A confirmation with directions and a map of the facility will be emailed 2 weeks before the course start date. For hotels in the area, please email metronj@ai-newjersey.org. Note: The 40-hour course implements a blended learning approach, which includes a pre-class, two-hour online session combined with 35 hours of traditional classroom education and wraps up with a three-hour exam on the sixth morning.Sample Schedule Online session available 28 days before classroom session begins Diagnostic test "Pass" grade 14 days before classroom session begins Registration for the course ends 14 days before classroom session begins The course begins with registration at 8:15am on Monday, August 5, 2019. Advanced Education Classes will be held from 8:30 A.M. to around 5:00 P.M. each day. Please be aware that the Appraisal Institute enforces the attendance requirements mandated by state regulatory agencies. If you do not attend at least 100% of the course, you will receive a notice with your examination results from the Appraisal Institute stating that you have not met the attendance requirement. Please bring your financial calculator to class. The Hewlett Packard 12C is the recommended calculator - they are available at office supply stores such as Staples or Office Depot, or through Hewlett Packard online. Weather and or Emergency procedures for courses and seminars: 1). Call chapter office (732-560-0072) at 6:00 a.m. for a message about the status of the class or seminar. 2). If class is not cancelled, use your discretion on traveling. 3). In the event that you arrive at the class and no instructor has arrived by 9:30 a.m., please call the chapter office and leave a cell phone number that you can be reached for instructions. 4). In the event a class is cancelled, the course will continue on the next scheduled class day and the rest of the classes will follow. Please note that exam day could be pushed back accordingly.

 

 
















 
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