The Ohio Chapter Presents |
|
|
Advanced Market Analysis &
Highest and Best Use
|
|
Combining the analytical processes of market analysis, highest and best use, and income valuation, this course is intended for those who have taken and passed the General Appraiser Market Analysis and Highest & Best Use course and have a thorough understanding of the mathematical and financial principles necessary to perform appraisals of income-producing properties.
Building on the Level B marketability analyses that were applied in General Appraiser Market Analysis and Highest & Best Use, you will perform Level C marketability analysis using fundamental analysis and study several real estate markets in a fictional city.
You will explore the economic base of the fictional city, which serves as the subject and example of both physical and economic forces that affect all communities and consequently all real estate.
In the remainder of the course, you will work through four case studies (apartment and condominium conversion, retail, industrial, and land with potential for mixed-use development) that demonstrate both the power of fundamental market analysis and its application to highest and best use decisions.
Because this course builds on concepts learned in the Appraisal Institute course General Appraiser Market Analysis and Highest & Best Use, it is HIGHLY recommended that you take the General Appraiser Market Analysis and Highest & Best Use course before you take this advanced course. By taking both courses, you should gain a solid knowledge base in market analysis and highest and best use concepts. If you elect to take only this course, be advised that you’ll need to factor in additional study time to learn the general concepts presented in the previous course.
ring an appraiser’s ability to provide credible analysis of real property-related issues.
Objectives
- Recognize the definitions of market analysis, market, market study, and marketability analysis.
- Recognize how market analysis applies to the determination of highest and best use.
- Identify ways of determining financial feasibility.
- Recognize applications of market analysis to the valuation process.
- Identify ways that social, physical, economic, and institutional support systems in urban areas ultimately determine land use.
- Identify the six basic steps used to conduct a marketability analysis.
- Complete rating grids about a subject property’s characteristics to draw conclusions about its competitive position.
- Recognize procedures for delineating a subject property’s market area.
- Forecast demand for office, apartment, condominium, retail, and industrial space.
- Conclude supportable demand for various property types.
- Calculate residual demand for various types of space.
- Forecast subject capture and draw conclusions about a property’s market rent and occupancy rate over a given time frame.
Prerequisites
- Advanced Education Diagnostic Test
- Advanced Income Capitalization
- Basic Appraisal Principles
- Basic Appraisal Procedures
- National Uniform Standards of Professional Appraisal Practice (USPAP) Course, 15-Hour
- General Appraiser Market Analysis and Highest & Best Use
- General Appraiser Income Approach/Part 1
- General Appraiser Income Approach/Part 2
- General Appraiser Site Valuation and Cost Approach
- General Appraiser Sales Comparison Approach
- General Appraiser Report Writing and Case Studies
- Real Estate Finance, Statistics, and Valuation Modeling
|
|
|
|
AI Price: $900
Full Price: $1,200
|
Appraisal Institute
Attend Only: 275 points
Attend and Pass: 375 points
Pass Exam Only: 325 points
OH Appraiser Board: 30 CE Hours;
33 QE Hours
OH Real Estate: 26 CE Hours
|
OU Integrated Education Center
6805 Bobcat Way
Dublin, OH 43016
Will be in Room 245
T. 614-793-5634
|
|
Larry T. Wright, MAI, SRA, AI-GRS has a been a real estate appraiser since 1973. He graduated from the University of Oklahoma with a Bachelor of Science degree in Mathematics. During his career as an appraiser he has been involved in appraising for various individuals, corporations, and government entities such as the Federal Government, the State of Texas, Harris County, and the City of Houston.
The primary focus of his practice has been litigation related to eminent domain, title insurance, estate tax, property tax, divorce, errors and omissions cases involving appraisers, real estate agents and brokers, mortgage fraud, and cases involving builder and developer defects. Since 1997, Mr. Wright has been an approved instructor for the Appraisal Institute. While consulting, his current endeavors have concentrated on teaching, writing seminars, and aiding in writing or reviewing of Appraisal Institute courses and seminars. He also holds a teaching position with the C. T. Bauer College of Business Real Estate Program at the University of Houston, lecturing on market analysis and valuation.
|
|
|
Online Education: Learn at your own pace anytime, anywhere. Top-notch Appraisal Institute courses and seminars come straight to your desktop with online education! Learn from any computer anywhere, whenever you have time. It's easy, convenient and a great way to get the education you want. Check out the current course listing now!
|
|
The Ohio Chapter of the Appraisal Institute
|
|
|
|
|
|
|
