Overview:
This new course meets current and future AQB criteria for the Licensed Residential Appraiser and Certified Residential Appraiser levels. Through two in-depth case studies, this introductory course provides you with the techniques necessary for completing the sales comparison and income capitalization approaches of the valuation process. You will develop and apply qualitative and quantitative analysis techniques as well as organize and reconcile data.
Note: QE 2008 Course
Students have 45 days from the session start date to complete the course material for this program. This course is completed at the student's own pace. There is a 2-hour exam for the course.
Do I have to take the course exam?
You are required to complete and pass a proctored offline exam if:
- you are taking this class to meet state qualifying education requirements
- you are taking this class to meet the qualifying education requirements for an Appraisal Institute designation
You may be required to complete and pass a proctored offline exam if:
- you are taking this class to meet state continuing education requirements. Most states do not require the exam for CE credit, but please confirm this with your state licensing board.
You are not required to complete and pass a proctored offline exam if:
- if you are taking this class to meet the continuing education requirements of an Appraisal Institute designation
You will have 90 days from the time that you complete the course to take the proctored exam. Testing center locations in your area can be found by clicking on this link: www.pearsonvue.com/ai.
Syllabus:
Module 1: Review of the Valuation Process
Module 2: Principles That Affect the Sales and Income Approaches
Module 3: Comparability Tools
Module 4: Elements of Comparison
Module 5: The Adjustment Procedure
Module 6: Supporting Quantitative Adjustments
Module 7: Case Study 1
Module 8: Qualitative Analysis
Module 9: Financial Analysis
Module 10: Other Market Evidence Analysis Techniques
Module 11: Income Capitalization Approach
Module 12: Case Study 2
Module 13: Reconciliation
Module 14: Selection of Comparables
Module 15: Partial Interests
Module 16: Data Collection and Verification
Course & Exam Review
Learning Objectives:
- Recognize the relationship between the sales comparison and income capitalization approaches and the rest of the Valuation Process.
- Extract and support adjustments using paired data set analysis.
- Extract and support adjustments using income analysis.
- Extract and support adjustments using cost and depreciation analysis.
- Apply the adjustment techniques most appropriate for given data.
- Calculate appreciation rates for the subject property and comparable sales.
- Use the estimated gross monthly market rent and the reconciled GRM to derive a value indication from the income capitalization approach.
- Apply the reconciled GRM to the gross monthly rent estimate to derive a value indication for the subject property by the income capitalization approach.
- Derive an indication of value by the sales comparison approach.
AI CE Credit for Designated Members
This program is approved for 1 hour of Appraisal Institute CE credit for every hour taken.
