September 11-13 & 15-17, 2008

About the Seminar This course provides in-depth instruction in the sales comparison and cost approaches. Participants explore ways to identify and measure elements of comparison as well as methods to select and support adjustments including graphing, pairing, sorting, regression analysis, and qualitative analysis. After reviewing the standard methods of calculation, the course explores special applications and common errors in using or misapplications of the approaches. All components of the cost approach are explored thoroughly, with particular attention paid to feasibility and current cost, including supporting entrepreneurial incentive and calculating lease-up costs. In addition, participants study advanced data confirmation techniques, learn how to make all three approaches consistent in the reconciliation process, and discover traps to avoid. Note: Required MAI Designation Course

Instructor
Ted Whitmer, MAI, CCIM

Location
Hawthorn Suites
6329 S. 212th Street
Kent, WA 98032

Schedule
Thursday 9/11/08
7:30 AM - 8:00 AM Registration
8:00 AM - 8:30 AM Orientation

Thursday 9/11/08 - Saturday 9/13/08
8:30 AM - 5:00 PM Class

Monday 9/15/08 - Tuesday 9/16/08
8:30 AM - 5:00 PM Class

Wednesday 9/17/08
8:30 AM - 12:30 PM Exam

**Participants will need to make their own arrangements for lunch.

Prerequisites
Successful completion of Basic Appraisal Principles, Basic Appraisal Procedures, General Appraiser Income Approach/ Part 1, General Appraiser Income Approach/ Part 2, General Appraiser Sales Comparison Approach, General Appraiser Site Valuation and Cost Approach, and General Market Analysis and Highest & Best Use or equivalent courses is required.

Students must sign a waiver at the beginning of the course stating that they have the prerequisites. If they do not, they will not hold the Appraisal Institute responsible and will not expect to receive special attention during the course.

Calculators
An HP-12C calculator is required along with the user manual. You must be familiar with calculator operation when the course begins. For additional help with the HP-12C calculator, go to http://www.appraisalinstitute.org/education/fin_calc.aspx

Hotel Information
A block of rooms is being held at the Hawthorn Suites in Kent, Washington until August 22. Shuttle service is provided to and from SeaTac Airport. To make reservations, call (253)395-3800. Please mention the Appraisal Institute to receive the preferred rate.

Cancellation Policy
• Up to 15 days prior to program start date, $50 cancellation fee.
• 2-14 days prior to program start date, $75 cancellation fee.
• Less than 2 days prior to program start date, forfeit of payment unless a student replacement is provided.

Attendance Requirements
100% attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualifications Board minimum criteria requirements. A “classroom hour” is defined as 50 minutes out of each 60 minute segment. A 10-minute break per hour is allowed and a student would still meet the 100% attendance requirement. Students should not be late or leave early; if they are late or leave early, they will not receive credit.

Tuition
$675 Appraisal Institute Members
$775 Non-Members

Continuing Education
Full attendance and completion of the examination of this course qualifies for 40 hours of continuing education credit from the Appraisal Institute. Attendance only qualifies participant for 36 hours of continuing education. Washington State has approved this course for 40 credit hours.

NOTE: If you have a disability and require accommodation, please notify the Seattle Chapter of the Appraisal Institute in writing at least two weeks in advance and we will arrange for reasonable accommodations. We reserve the right to cancel, limit, or reschedule the course and change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.