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Review Theory—General is the 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.
Full Course information is available on the Registration Site.
Other Notes:
Instructor: Rick Carlile, MAI, SRA
Timing: The course will run from 8 am to 4 pm. Lunch will be on your own, but most students choose to either bring their own, or grab something from the hot bar in the venue.
Location- Giant Community Center, Willow Grove –
This location is a meeting room above a Giant grocery store! You can actually enter through the grocery store or there is a side entrance specifically for the meeting rooms.
Plenty of free on-site parking and access to and from Center City via SEPTA Regional Rail station within walking distance.
Please email contact@aiphilametro.org for any other questions!
