Course: Advanced Concepts and Case Studies

We are returning to the classroom!  Details for this “LIVE” in-person course are still “Under Construction”.  Exact date and venue still to be determined.

Instructor:  Gary DeWeese, MAI

This 40-hour 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 conclusions 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 real property appraisers.
Develop and reconcile the cost, income capitalization, 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 the cost, income capitalization, 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 the cost, income capitalization, and sales comparison approaches for a property in a market not at equilibrium
• Conduct inferred and fundamental analysis based on data provided in case studies
• Develop and reconcile the cost, income capitalization, and sales comparison approaches for a subdivision

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