This course synthesizes the three approaches to value, examines their applications, and helps participants apply the basic and advanced valuation techniques they have learned in previous courses. Rather than relying primarily on lectures, this course lets participants get involved in practical group work on case study assignments. Case studies on office, apartment, subdivision, and industrial properties teach participants to analyze and organize data and choose the appropriate tools to solve appraisal problems. The course emphasizes the need to test the reasonableness of all the conclusions reached in an appraisal.

This course may be used to fulfill the 30-hour Elective topic requirement toward certification in states where approved for QE credit. NOTE: This course is not a substitute for any other prerequisite Certified General course.

Note: Required MAI Designation Course

Content

• Leased fee valuation
• Demand forecasting
• Prospective values
• Subdivision analysis
• Highest and best use analysis
• Advanced topics

At the end of the course, you will be able to:

• Identify the demographic and economic data used to estimate an absorption period for a housing development
• Prepare an annual cash-flow forecast
• Recognize the typical relationships between yield rates on leased fee and fee simple estates that reflect their varying risk
• Calculate replacement allowance and reversionary value
• Analyze statistical data to calculate occupancy levels and annual average growth
• Analyze comparable sales to estimate income and expenses for a proposed project
• Apply appropriate approaches to advanced valuation problems

• The The Appraisal of Real Estate, 13th ed.
• A Guide to Appraisal Valuation Modeling