- Date
- October 28 - November 7, 2024
- Sponsor
- Appraisal Institute
- Location
- Appraisal Institute - Synchronous (Live Online)
- Instructor
- Steven M. Shockley, MAI, SRA, AI-GRS, AI-RRS
- Class Time
- 30 hours
- Exam Time
- 3 Hours
- Full Price
- $1,200.00
- AI Price
- $900.00
Course Description
This fundamental review course that all reviewers of assignments involving income-producing and other nonresidential properties should have in their educational background. It is a required course for individuals pursuing the Appraisal Institute General Review Designation (AI-GRS, Appraisal Institute General Review Specialist). At the core of this course is the review process. Participants explore the seven steps outlined in this process as they apply to nonresidential properties. To be a reviewer, an appraiser must learn how to develop opinions of completeness, accuracy, adequacy, relevance, and reasonableness relative to the work under review. These opinions must be refined through tests of reasonableness to develop reconciled opinions of appropriateness and credibility. The material provides a refresher on key valuation skills often required of reviewers, such as measuring financial feasibility in highest and best use analysis and various applications of the income capitalization approach. In addition, the course covers reporting reviews for income-producing property and the use of commercial review report forms, narrative reports, and oral review reports. Participants will gain practice in writing a scope of work statement for three types of assignments. They will also develop a template for a narrative review report on a property type of their choice (office, retail, apartment, etc.). By taking this course, participants will gain invaluable confidence in the fundamentals of review through the review process, which is the core of this course. To be a reviewer, an appraiser must learn how to develop opinions of completeness, accuracy, adequacy, relevance, and reasonableness relative to the work under review. These opinions must be refined through tests of reasonableness in order to develop opinions of appropriateness and credibility. By taking this course, participants may gain invaluable confidence on the fundamentals of review.
Who Should Enroll
- Certified general real property appraisers
- Attorneys
- Accountants
- Government agency reviewers
- Users of appraisal services
AI CE Points
State Approvals
State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Approval Format | Start Date | Expire Date | State Code |
---|---|---|---|---|---|---|---|---|---|
AK | CE | 33 | 30 | 3 | Synchronous | Synchronous | 08/05/2024 | 04/03/2026 | 19383 |
AK | CE | 30 | 30 | Synchronous | Synchronous | 02/21/2024 | 04/03/2026 | 18477 | |
AK | QE | 33 | 30 | 3 | Synchronous | Synchronous | 08/05/2024 | 04/03/2026 | 19383 |
AL | CE | 30 | 30 | Synchronous | Synchronous | 10/01/2022 | 09/30/2024 | C02786 | |
AL | QE | 33 | 30 | 3 | Synchronous | Synchronous | 10/01/2020 | 09/30/2024 | C02869 |
AZ | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 47905 |
AZ | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 47905 |
CA | CE | 30 | 30 | Synchronous | Livestream | 01/01/2022 | 08/04/2025 | 13CP754601061 | |
CA | CE | 30 | 30 | Synchronous | Synchronous | 09/06/2022 | 09/05/2026 | 18CP754601334 | |
CA | QE | 33 | 30 | 3 | Synchronous | Synchronous | 09/20/2021 | 08/04/2025 | 13CP754601061 |
CO | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 2580 |
CO | CE | 30 | 30 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | ||
CO | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 2580 |
CT | CE | 18 | 18 | Synchronous | Synchronous | 03/13/2024 | 02/20/2027 | AAL.001202 | |
CT | QE | 33 | 30 | 3 | Synchronous | Synchronous | 03/13/2024 | 02/20/2027 | APR.000337 |
DC | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/29/2024 | 02/28/2026 | |
DC | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/29/2024 | 02/28/2026 | 6093 |
DE | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 47905 |
DE | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 47905 |
FL | CE | 20 | 20 | Synchronous | Synchronous | 09/22/2023 | 09/21/2025 | 0010643 | |
FL | CE | 20 | 20 | Synchronous | Livestream | 02/28/2023 | 02/27/2025 | 0010508 | |
GA | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 77474 |
GA | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 77474 |
IA | CE | 30 | 30 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | A518-1189 | |
IA | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | A518-1190 |
IA | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | A518-1191 |
ID | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 8362 |
ID | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | |
IL | CE | 33 | 30 | 3 | Synchronous | Synchronous | 01/01/2023 | 12/31/2024 | 575.010281 |
IL | QE | 33 | 30 | 3 | Synchronous | Synchronous | 11/29/2022 | 12/31/2024 | |
IN | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 47905 |
IN | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 47905 |
KS | CE | 33 | 30 | 3 | Synchronous | Synchronous | 01/01/2024 | 12/31/2024 | 240.C24.R |
KS | QE | 33 | 30 | 3 | Synchronous | Synchronous | 01/01/2024 | 12/31/2024 | 468.P24.N |
KY | CE | 30 | 30 | Synchronous | Synchronous | 07/01/2024 | 05/30/2025 | ||
KY | QE | 33 | 30 | 3 | Synchronous | Synchronous | 07/01/2024 | 05/30/2025 | |
LA | CE | 30 | 30 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | ||
LA | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | |
MA | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 10051249 |
MD | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 47905 |
MD | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 47905 |
ME | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 47905 |
ME | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 47905 |
MI | CE | 30 | 30 | Synchronous | Synchronous | 02/21/2024 | 09/05/2026 | 20-1103324 | |
MI | QE | 33 | 30 | 3 | Synchronous | Synchronous | 11/20/2023 | 11/20/2026 | 20 - 1111068 |
MN | QE | 33 | 30 | 3 | Synchronous | Synchronous | 08/23/2023 | 08/31/2025 | 1035764 |
MO | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | |
MO | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | |
MT | CE | 30 | 30 | Synchronous | Synchronous | 02/21/2024 | 11/30/2026 | REA-CEC-REC-17163 | |
MT | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 11/30/2026 | REA-CEC-REC-17163 |
NC | CE | 30 | 30 | Synchronous | Synchronous | 01/01/2024 | 12/31/2024 | 4243 | |
ND | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | CE-223030 |
ND | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | QE-223020 |
NE | QE | 33 | 30 | 3 | Synchronous | Synchronous | 07/02/2023 | 1243461.02 | |
NJ | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 2024-3010 |
NJ | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 2024-3010 |
NM | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2026 | 3189 |
NM | QE | 33 | 30 | 3 | Synchronous | Synchronous | 06/16/2023 | 02/20/2026 | 4266 |
NV | CE | 33 | 30 | 3 | Synchronous | Synchronous | 08/05/2024 | 07/31/2025 | CE.0009737-A |
NY | CE | 28 | 28 | Synchronous | Synchronous | 01/01/2024 | 12/31/2024 | A4862-28 | |
OH | CE | 30 | 30 | Synchronous | Synchronous | 01/01/2024 | 12/31/2024 | 084402804A 22 | |
OH | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 47905 |
OK | CE | 33 | 30 | 3 | Synchronous | Synchronous | 03/07/2024 | 02/20/2027 | 850 |
OK | QE | 33 | 30 | 3 | Synchronous | Synchronous | 03/07/2024 | 02/20/2027 | 676 |
OR | CE | 33 | 33 | Synchronous | Synchronous | 05/08/2023 | 04/04/2026 | APIN-C-0423-8983 | |
OR | QE | 33 | 30 | 3 | Synchronous | Synchronous | 07/15/2023 | 04/04/2026 | APIN-Q- |
PA | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | |
PA | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | |
PR | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 47905 |
PR | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 47905 |
RI | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | REA.0002121-CE |
RI | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | REA.0002121-CE |
SC | CE | 30 | 30 | Synchronous | Synchronous | 09/01/2022 | 08/31/2024 | DE1731 | |
SC | QE | 33 | 30 | 3 | Synchronous | Synchronous | 09/01/2022 | 08/31/2024 | QEE1346 |
SD | CE | 33 | 30 | 3 | Synchronous | Synchronous | 05/13/2022 | 05/13/2025 | SD 991 CE |
SD | QE | 33 | 30 | 3 | Synchronous | Synchronous | 07/18/2023 | 07/18/2026 | SD 697 |
TN | CE | 33 | 30 | 3 | Synchronous | Synchronous | 07/01/2024 | 09/30/2025 | 1687 |
TN | QE | 33 | 30 | 3 | Synchronous | Synchronous | 10/01/2023 | 09/30/2025 | 1687 |
TX | CE | 30 | 30 | Synchronous | Synchronous | 02/21/2024 | 02/20/2026 | TX Provider #:10 Course #: 46278 | |
TX | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | TX Provider #: 8038 Course #: 48943 |
UT | CE | 33 | 30 | 3 | Synchronous | Synchronous | 07/01/2024 | 06/30/2026 | AC240606 |
UT | QE | 33 | 30 | 3 | Synchronous | Synchronous | 07/06/2023 | 07/31/2025 | AQ230701 |
VA | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 47905 |
VA | QE | 33 | 30 | 3 | Synchronous | Synchronous | 01/01/2022 | 09/30/2025 | 4006000910 |
VT | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/08/2021 | 02/08/2025 | |
VT | CE | 30 | 30 | Synchronous | Livestream | 01/01/2022 | 02/08/2025 | ||
VT | QE | 33 | 30 | 3 | Synchronous | Synchronous | 07/10/2023 | 02/08/2025 | |
WA | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | A3090 |
WA | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | A3090 |
WI | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 47905 |
WI | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | 47905 |
WV | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | |
WV | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 02/20/2027 | |
WY | CE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 03/20/2027 | 401 |
WY | QE | 33 | 30 | 3 | Synchronous | Synchronous | 02/21/2024 | 03/20/2027 | 401 |
Course Objectives
- Distinguish between appraisal and review.
- Evaluate the necessary knowledge and skills required to complete reviews.
- Distinguish between trivial and material errors.
- Identify types of review assignments and the process employed in the reviewer’s scope of work.
- Recognize regulatory compliance issues for review appraisers.
- Identify the steps necessary to communicate the review effectively.
Course Details
Assignments:
Equipment:
- A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
- You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.
- For help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.
- HP-12C calculator User’s Manual.
Additional Information:
Course Materials Include:
- Course Handbook (429 pp.)
- Suggested Solutions (172 pp.)
- Pre-Class Downloads (3 MB)
- Pre-Class Memo (1 p.)
If you are currently designated, view for more information on the alternative path.
If you are currently a Candidate for Designation, or wish to become a Candidate, view here for the specific designation requirements.
Requirements:
Course Materials & Recommended Books
Recommended Documents and Texts:
- Uniform Standards of Professional Appraisal Practice (current edition)
- Appraisal Institute Standards of Valuation Practice (SVP) (current edition)
- Review Theory and Procedures: A Systematic Approach to Review in Real Property Valuation
- Appraising the Appraisal: The Art of Appraisal Review, 2nd ed.
- The Appraisal of Real Estate, 15th ed.
Other Useful Texts:
- Capitalization Theory and Techniques Study Guide, 3rd ed.
- Market Analysis for Real Estate, 2nd ed.
- Subdivision Valuation, 2nd ed.
- Scope of Work, 3rd ed.
- The Dictionary of Real Estate Appraisal, 7th ed.
- The Appraiser’s Workbook, 2nd ed. [out of print but available through online sources].
Pricing Options
Rate | Full Price | AI Price |
---|---|---|
Standard
Today thru 11/07/2024 |
$1,200.00 | $900.00 |
Additional Course Offerings
Sponsor | Date | Location | Format | ||
---|---|---|---|---|---|
Washington DC Metropolitan Area Chapter | September 5-13, 2024 | Rockville, MD | Classroom | View Details | Register |
Appraisal Institute | September 23-27, 2024 | Chicago, IL | Classroom | View Details | Register |
Event Information
Location:
This course will be held via live interactive classroom technology. See below
for important participation requirements.
State Credit:
A course may NOT be approved in every state for every delivery
format. For example, some states do NOT allow any virtual
education. When registering for any Appraisal Institute course, all
participants will be required to check state approvals based on delivery
format. For more information, see our state approvals page.
Class Schedule:
Class begins each day at 10:00AM Central time (8:00AM Pacific, 9:00AM Mountain,
11:00AM Eastern). Each class runs for four (4) hours each day with at
least two breaks during that time. The course runs for eight (8)
half-days. Times shown are U.S. Central (Chicago) time.
Day 1: Monday, October 28, 10:00 am - 2:00 pm
Day 2: Tuesday, October 29, 10:00 am - 2:00 pm
Day 3: Wednesday, October 30, 10:00 am - 2:00 pm
Day 4: Thursday, October 31, 10:00 am - 2:00 pm
(No class on Friday, Saturday or Sunday)
Day 5: Monday, November 4, 10:00 am - 2:00 pm
Day 6: Tuesday, November 5, 10:00 am - 2:00 pm
Day 7: Wednesday, November 6, 10:00 am - 2:00 pm
Day 8: Thursday, November 7, 10:00 am - 2:00 pm
AI National Synchronous Participation Requirements:
• All students are required to have a computer, webcam, and microphone capability to participate and receive continuing or qualifying education credit where approved. It is the student’s responsibility to have the required equipment to participate and receive credit. Visit the System Requirements for Attendees and Share Webcam pages for help.
• All students are required to keep their webcam on with their face clearly visible at all times while class is in session. Attendance will be monitored throughout the day through webcams and polling. A photo ID must be presented during roll call at the beginning of class on the first day.
• The instructor must be able to interact with all students. Instructors and administrators will direct questions to each student in the morning and afternoon to which students must respond. Students must be in a location that allows for their full attention and interaction at all times.
For questions regarding these classroom participation requirements, contact the Appraisal Institute at sync@appraisalinstitute.org or call (312) 335-4473.
Connection Information:
Several minutes after you receive your Appraisal Institute receipt email, you
will receive a second email from GoToTraining which will include instructions
on connecting to the live session and a link to a small download of the
GoToTraining software. The software runs on almost all operating systems and
popular browsers. Connection email reminders are re-sent 1 week, 1 day, and 1
hour prior to the live session start time. If you do not receive the connection
information, please check your junk, spam, or quarantine folders. For
questions, please email sync@appraisalinstitute.org or call (312)
335-4473.
Download Course Materials:
Log onto your AI Account at www.appraisalinstitute.org with the username
and password you used when you registered. Click on “Education and Events”
located on the right navigation menu. On the My Events page, find the course
under the “Classroom Offerings/Synchronous Offerings/Conferences” heading and click
the "View" button. Scroll down to the “Download Course Materials”
section and click on each link to download the course materials.