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2019 Education Offerings

Current Offerings

Rural Valuation Basics

Instructor: Jeffrey Jacobson, MAI, SRA
Date: April 11th, 2019
Location: Northern Illinois University Rockford
  8500 E. State Street
  Rockford IL, 61108
This 7-hour seminar teaches residential and commercial appraisers the fundamental skills they will need to complete rural appraisal assignments. Instruction focuses on land mix analysis, valuing improvements with extraction and allocation, and developing adjustments. Participants will learn how to find and analyze comparable sales and apply the data that is available in rural markets to support a credible opinion of value. Excel spreadsheets and real-world examples will be provided.

Upon completion of this course, participants should be able to:

-Identify the characteristics of rural properties that affect value
-Locate data sources for rural properties
-Find the best data available in markets that have limited data
-Analyze information on properties with different land mixes
-Value properties with multiple improvements
-Use soil mapping tools
-Develop the sales comparison approach using land and building mix analyses


NOTE: Required
• Laptop loaded with Microsoft Excel 2007 or 2010.
• HP-12C calculator, or other financial calculator. Note that keystrokes will be shown using HP-12C.
• Basic knowledge of appraisal principles and procedures .

Early registration ends 03/01/2019, save by registering early. Late registration starts 04/01/2019, fees increase after this date. This new seminar is being offered at the Northern Illinois University Outreach Center at Rockford. This is a state of the art facility that is well equipped and comfortable. Check-in will be from 8:00 a.m. to 8:30 a.m. Class will run from 8:30 a.m. to 4:30 p.m. In addition to the well stocked, snack buffet, lunch will be included on site for this seminar and is included in the price of the class. The facility is easily accessible from I-90/39 and there is ample on-site FREE parking. Avoid big city traffic and high parking fees! Modern hotel accommodations are readily available within one mile along Business Route 20.

Click here to be taken to the AI web site for further information or to Sign Up.


How Tenants Create or Destroy Value: Leasehold Valuation and its Impact on Value

Instructor: Jeffrey Alan Jacobson, MAI, SRA
Date: May 16th, 2019
Location: Northern Illinois University Rockford
  8500 E State St
  Rockford IL, 61108
If you’re involved in the valuation of commercial real estate, it’s crucial to know how the terms of a lease affect value. This NEW seminar goes beyond methodology to explore how to measure a property rights adjustment, the theory underlying the use of a leasehold yield rate (YLH) to value the leasehold, as well as the application of a property rights adjustment in all three approaches to value.

Topics Include:
• How the terms of a tenant’s lease impact value—either positively or negatively
• Situations that require a valuation of a leasehold
• Methodologies in valuing a leasehold, including examples and exercises
• The impact of a leasehold in the valuation of property using all applicable approaches
• Challenges facing appraisers performing leasehold valuation assignments


Required:
HP-12C calculator, or other financial calculator. Note that keystrokes will be shown using HP-12C.

Early registration ends 03/15/2019, save by registering early. Late registration starts 05/07/2019, fees increase after this date. This new seminar is being offered at the Northern Illinois University Outreach Center at Rockford. This is a state of the art facility that is well equipped and comfortable. Check-in will be from 8:00 a.m. to 8:30 a.m. Class will run from 8:30 a.m. to 4:30 p.m. In addition to the well stocked, snack buffet, lunch will be included on site for this seminar and is included in the price of the class. The facility is easily accessible from I-90/39 and there is ample on-site FREE parking. Avoid big city traffic and high parking fees! Modern hotel accommodations are readily available within one mile along Business Route 20.

Click here to be taken to the AI web site for further information or to Sign Up.


Past Offerings

2018-2019 15-Hour National USPAP Course

Instructor: James Coutts, SRA
Date: Feb 4th-5th, 2019
Location: Northern Illinois University Rockford
  8500 E. State Street
  Rockford IL, 61108
Using the national USPAP course material copyrighted by The Appraisal Foundation, this two-day course covers basic rules for ethical behavior and competent performance. The course is designed to comply with USPAP requirements for state-certified appraisers and it highlights the role of the appraiser and the implied impartiality often associated with this role. Participants will learn how requirements of the Uniform Standards of Professional Appraisal Practice affect their appraisal businesses.

NOTE: An already certified appraiser can take the 15-hour USPAP course, but it will only count for hours toward his or her state's continuing education requirement; the 15-hour program will not meet the USPAP continuing education requirement. This is intended to be a Qualifying Education course (QE) for Trainees.

NOTE: Course price does not include a copy of the current USPAP edition, which is required for course credit. Participants must bring their own copy of the USPAP edition to class.
To purchase a copy of the 2018/19 USPAP publication, please visit The Appraisal Foundation website.




Click here to be taken to the AI web site for further information or to Sign Up.


Supervisory Appraiser/Trainee Appraiser Course (5-Hr AM)

Instructor: Jeffrey Alan Jacobson, MAI, SRA
Date: Feb 6th, 2019
Location: Northern Illinois University Rockford
  8500 E State St
  Rockford IL, 61108
As of January 1, 2015, all individuals who become Supervisory Appraisers and Trainee Appraisers will be required to take a Supervisory/Trainee Course per the 2015 Real Property Appraiser Qualification Criteria. This four-hour course will address the national minimum requirements, responsibilities, and expectations for Trainee Appraisers and Supervisory Appraisers that are included in the AQB's required course outline.

Please note: This is the AQB required course. The State of Illinois has additional training requirements which can be satisfied by attending the course listed below.
If you are an Illinois certified appraiser, you will need to sign up for both courses.

Click here to be taken to the AI web site for further information or to Sign Up.


Illinois Supervisor-Trainee Course (3 Hour -PM)

Instructor: Jeffrey Alan Jacobson, MAI, SRA
Date: Feb 6th, 2019
Location: Northern Illinois University Rockford
  8500 E State St
  Rockford IL, 61108
This course immediately follows the Supervisory Appraiser/Trainee Appraiser Course listed above.

For the Supervisor Appraiser: The course will provide adequate information to ensure the supervisor appraiser understands the qualifications and responsibilities of the role.

For the Trainee Appraiser: This course provides adequate information to ensure the trainee appraiser understands the qualifications and responsibilities of their role.

This is an Illinois state produced and required seminar for all Illinois Supervisor and Trainee appraisers.

Click here to be taken to the AI web site for further information or to Sign Up.


Advanced Land Valuation:
Sound Solutions to Perplexing Problems

Instructor: Jeffrey Alan Jacobson, MAI, SRA
Date: Sept 17th, 2018
Location: Northern Illinois University Rockford
  8500 E. State Street
  Rockford IL, 61108


By examining unusual and complex land valuation assignments, this seminar takes concepts covered in the Appraisal Institute curriculum to the next level. Besides lecture, discussion, and Q&A, sample case studies will demonstrate, primarily in Excel, conceptual and practical applications that participants will be able to incorporate into their day-to-day work. Suggested solution strategies for these assignments will be provided.

Upon completion of the seminar, participants should be able to:

* Utilize a land residual technique based on a DCF analysis to
   value land intended for two alternative competing
   uses (“for rental” apartments versus “for-sale” condos).
* Determine the highest and best use of land when the legally
   permissible, physically possible, and financially feasible
   use(s) are very uncertain and cannot be determined
   using traditional methodologies.
* Determine land value when its value is a function of a
   curvilinear relationship with its appropriate unit of comparison
  (in this case the value of land suitable for apartment
   development as a function of density).
* Determine land rent using a non-traditional unit of
   comparison (in this case land rental value based on
   average traffic volume).
* Estimate the value of land subject to a long-term ground
   lease with multiple forms of financial benefits accruing
   to the land owner.


Click here to be taken to the AI web site for further information or to Sign Up.


2018-2019 7-Hour National USPAP Update Course

Instructor: James Coutts, SRA
Date: April 27th, 2018
Location: DeSoto House Hotel
  230 S Main St
  Galena IL, 61036
This one-day update course, copyrighted by The Appraisal Foundation, focuses on recent changes to USPAP requirements for ethical behavior and competent performance by appraisers. The course, which clarifies several commonly misunderstood aspects of USPAP, will aid participants in all areas of appraisal practice seeking updated competency in USPAP, including those subject to state licensing or certification and continuing education requirements imposed by professional organizations, client groups, or employers.

Appraisers must successfully complete the 7-hour USPAP Update Course every two years to meet the USPAP continuing education requirement.

NOTE: Course price does not include a copy of the current USPAP edition, which is required for course credit. Participants must bring their own copy of the USPAP edition to class.
To purchase a copy of the 2018/19 USPAP publication, please visit The Appraisal Foundation website.


If you are an Illinois certified appraiser, you will need to Complete this class before June 30, 2018.

Click here to be taken to the AI web site for further information or to Sign Up.


More Information on Appraisal Institute Education


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