Advanced Concepts & Case Studies

Date: September 8-13, 2025Time: 8:00AM - 5:00PM (PST)Sponsor: Southern California ChapterLocation: Ayres Hotel and Suites325 Bristol StreetCosta Mesa, CA 92626This course synthesizes the three approaches to value, examines their applications, and helps you apply basic and advanced valuation techniques. Case studies teach you 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 all the 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.Who Should Enroll

General real property appraisers who want to improve their ability to apply appraisal methods, techniques, and procedures.Candidates for Designation who are working toward an MAI designation.AI CE Points

Attend: 275 ptsAttend & Pass Exam: 375 ptsPass Only: 325 ptsCourse Objectives

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.Assignments: Yes. A pre-class, 2-hour online session.Equipment

A financial calculator is required. The accepted model used in the program is the HP-12C.You must be familiar with calculator operation when the program begins.Please review the FAQs

for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; and course equivalencies.Important Note: Mandatory Diagnostic TestBefore enrolling in this or any other MAI designation course, you must take a diagnostic test. The Excel diagnostic tests your mastery of solving appraisal problems using spreadsheets. This 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.This course implements a blended learning approach, which includes:A pre-class, 2-hour online session35 hours of traditional classroom educationA 3-hour exam on the 6th morning.Requirements:Microsoft Excel 2007 or 2010 must be loaded and operational (external mouse recommended).Do not enroll expecting to be taught how to use Excel.

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