General Appraiser Market Analysis Highest and Best Use

This course is designed to meet the criteria for a 30-hour course as part of the required course curriculum under the Appraiser Qualifications Board requirements for general appraiser certification. It provides an in-depth look at the market analysis process and highest and best use analysis for non-residential properties. This is an advanced course and builds on the principles and practices learned in earlier courses.

Concepts related to market analysis are explored, including fundamentals and definitions. Supply and demand analyses are then covered; this section of the course culminates with the six-step market analysis process and the various uses for market analyses. The concepts related to market analysis and supply and demand are then applied to highest and best use analysis. The four test constraints for highest and best use are examined in depth, through examples and case studies. Special considerations in market analysis and highest and best use are addressed, as well as related USPAP requirements. Issues related to the reporting of the market analysis process and highest and best use conclusions are covered. Finally, several case studies require the student to apply the concepts and techniques that were covered in the course.

There is a required three-hour exam at the end that must be taken with a proctor. More information on proctors will be provided later in the course.

Course access is available for 6 months from the day it is opened. All courses, regardless of whether they have been opened, expire two years from the date of purchase. Extensions are available for purchase within 30 days of a course expiring. No extensions will be granted after this period.