General Appraiser Market Analysis and Highest & Best Use

• Identify the relationship between appraisal and market analysis.
• Identify the purposes for and steps in analyzing the highest and best use of a site as though vacant and of a property as improved.
• Differentiate between inferred and fundamental methods of market analysis.
• Identify differences between market analysis Levels A, B, C, and D and identify the guidelines for determining the level of market analysis for an assignment.
• Recognize and apply the six basic steps in conducting a site-specific marketability analysis for a valuation assignment.
  

Program Overview:
Table of Contents and Overview
Course Schedule

Assignments:

Yes. After you register for this class, please go to your Education and Events page for details on what you must complete BEFORE class begins.

To access your Education and Events page, log on to the Appraisal Institute website at https://ai.appraisalinstitute.org/eweb (click on the three horizontal lines to the left of the AI logo and select “My AI Account” from the drop-down menu).

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.
• Free Review: Using a Financial Calculator: Formulas, Symbols, Math Review, and Sample Problems; and Financial Calculator Practice Exercises.
• For additional 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 (606 pp.)
• Self Study Booklet (43 pp.)
• Solutions Booklet (198 pp.)
• Pre-Class Memo (1 p.)
• Download (18 pp.)

You will be asked to clear the calculator’s memory before and after the examination. Only one calculator is permitted in the testing room. Examinees taking most AI exams may bring their own calculator to use during the exam. Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.

Requirements:
None specified

• Basic Appraisal Principles 
• Basic Appraisal Procedures
• It is also highly recommended that participants complete General Appraiser Income Approach/Part 1 and General Appraiser Income Approach/Part 2 before enrolling in this course.

• The Appraisal of Real Estate, 15^th ed.
• Market Analysis for Real Estate, 2^nd ed.
• The Dictionary of Real Estate Appraisal, 7^th ed.