Ncappraisalinstitute
Advanced Market Analysis and Highest & Best Use
Ncappraisalinstitute, Chicago, Illinois, United States, 60290
Advanced Market Analysis and Highest & Best Use
Date: February 10-14, 2025Time: 8:30 AM - 4:30 PM (CST)Sponsor: Chicago ChapterLocation: DePaul University - Loop Campus1 E. JacksonRoom 8206Chicago, IL 60614This course combines the analytical processes of market analysis, highest and best use, and income valuation. It is intended for those who have completed the General Appraiser Market Analysis and Highest & Best Use course and possess a thorough understanding of the mathematical and financial principles necessary for appraisals of income-producing properties. Building on Level B marketability analyses from the previous course, participants will perform Level C marketability analysis using fundamental analysis and study various real estate markets in a fictional city. The course will cover the economic base of the fictional city and its physical and economic forces affecting all communities and real estate. Participants will work through four case studies (apartment and condominium conversion, retail, industrial, and land with potential for mixed-use development) that demonstrate the application of fundamental market analysis to highest and best use decisions.Who Should Enroll
Candidates for Designation working toward an MAI designationMAIs seeking to enhance their knowledge and skills in market analysis/highest and best useAI CE Points
Attend: 275 ptsAttend & Pass Exam: 375 ptsPass Only: 325 ptsCourse Objectives
Recognize the definitions of market analysis, market, market study, and marketability analysis.Understand how market analysis applies to the determination of highest and best use.Identify ways of determining financial feasibility.Apply market analysis to the valuation process.Recognize the impact of social, physical, economic, and institutional support systems on land use.Conduct a marketability analysis using six basic steps.Use rating grids to evaluate a subject property’s competitive position.Delineate a subject property’s market area.Forecast demand for various property types.Calculate residual demand and forecast market rent and occupancy rates.Assignments: Yes. A pre-class, 2-hour online session.Equipment: A financial calculator is required. The accepted model is the HP-12C. Familiarity with the calculator operation is necessary before the program begins.Additional Information: The course implements a blended learning approach, including a pre-class online session, 30 hours of traditional classroom education, and a 3-hour exam on the final morning.Requirements:
Microsoft Excel 2007 or 2010 must be operational (external mouse recommended).Familiarity with Excel is expected; instruction on its use will not be provided.Location details: The class is at DePaul University's Loop Campus, 1 E Jackson. Enter through 333 S. State before 8:30 AM. Food will not be provided; however, there are options for coffee and snacks nearby.
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Date: February 10-14, 2025Time: 8:30 AM - 4:30 PM (CST)Sponsor: Chicago ChapterLocation: DePaul University - Loop Campus1 E. JacksonRoom 8206Chicago, IL 60614This course combines the analytical processes of market analysis, highest and best use, and income valuation. It is intended for those who have completed the General Appraiser Market Analysis and Highest & Best Use course and possess a thorough understanding of the mathematical and financial principles necessary for appraisals of income-producing properties. Building on Level B marketability analyses from the previous course, participants will perform Level C marketability analysis using fundamental analysis and study various real estate markets in a fictional city. The course will cover the economic base of the fictional city and its physical and economic forces affecting all communities and real estate. Participants will work through four case studies (apartment and condominium conversion, retail, industrial, and land with potential for mixed-use development) that demonstrate the application of fundamental market analysis to highest and best use decisions.Who Should Enroll
Candidates for Designation working toward an MAI designationMAIs seeking to enhance their knowledge and skills in market analysis/highest and best useAI CE Points
Attend: 275 ptsAttend & Pass Exam: 375 ptsPass Only: 325 ptsCourse Objectives
Recognize the definitions of market analysis, market, market study, and marketability analysis.Understand how market analysis applies to the determination of highest and best use.Identify ways of determining financial feasibility.Apply market analysis to the valuation process.Recognize the impact of social, physical, economic, and institutional support systems on land use.Conduct a marketability analysis using six basic steps.Use rating grids to evaluate a subject property’s competitive position.Delineate a subject property’s market area.Forecast demand for various property types.Calculate residual demand and forecast market rent and occupancy rates.Assignments: Yes. A pre-class, 2-hour online session.Equipment: A financial calculator is required. The accepted model is the HP-12C. Familiarity with the calculator operation is necessary before the program begins.Additional Information: The course implements a blended learning approach, including a pre-class online session, 30 hours of traditional classroom education, and a 3-hour exam on the final morning.Requirements:
Microsoft Excel 2007 or 2010 must be operational (external mouse recommended).Familiarity with Excel is expected; instruction on its use will not be provided.Location details: The class is at DePaul University's Loop Campus, 1 E Jackson. Enter through 333 S. State before 8:30 AM. Food will not be provided; however, there are options for coffee and snacks nearby.
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