The General Demonstration Report—Capstone Program is an additional option Candidates for Designation may choose to complete their demonstration of knowledge requirement for their MAI designation. Like the traditional demonstration appraisal report option, the same skills and knowledge base are required to produce a complete demonstration appraisal report. However, this program was designed to offer an option that accelerates the completion of the report. Instead of selecting and compiling data on a property, you are provided with a subject property and data to analyze and then write the report in a limited time span of approximately two months. You must attend two webinars. The first webinar is typically scheduled three weeks after the release of materials. There will be a five-and-a-half day on-site session (attendance is optional), where facilitators will be on hand to answer questions and offer guidance. On day seven at noon, the full report must be submitted for grading. No exceptions.

The program is designed to be completed in approximately two months; therefore, you will need to commit a considerable amount of that time on analysis and writing tasks PRIOR to the classroom setting. There is one optional pre-class writing assignment due before the second webinar. It is important to understand you’ll need to spend a minimum of 175 to 250 hours to successfully complete this program. And during the five-and-a-half day on-site session, expect to work on your reports after the 7-hour days spent on-site with the facilitators. Ten to 12 hours a day that week will not be unusual.

Because of the nature of this program, NO REFUNDS or TIME EXTENSIONS will be granted.

Days 1-21 Download materials, begin review of materials.

Day 22 WEBINAR #1: Introduction to program & Intro to Fundamental Market Analysis (FMA).

Days 23-38 Complete optional FMA pre-class assignment.

Day 39 Optional FMA pre-class assignment due.

Day 47 WEBINAR #2: Feedback on optional pre-class FMA writing assignment.

Days 48-66 Continue working on other parts of the report up to HBU

Days 67-72 CLASSROOM/SYNCH SESSION

Day 73 General demonstration report due

General Candidates pursuing MAI designated membership

Test ability to analyze the necessary data properly, support conclusions, and write an appraisal report providing analysis and conclusions that will lead the reader to concur with the opinion of value.
Demonstrate critical thinking and technical expertise.
Demonstrate the ability to interpret real-world market knowledge.
Present a consistent theme throughout the entire report.
Support and defend your analysis.
Communicate effectively and consistently.
Demonstrate knowledge of valuation methods and analytical techniques.

Program Overview:
Program Overview and FAQ
Program Schedule

Assignments:

Optional Pre-Class Writing Assignment

This is an optional pre-class writing assignment.

However, do not be confused as a Level C Fundamental Market Analysis (FMA) is required for the Capstone final report submission.

The Fundamental Market Analysis section should contain all analysis, including appropriate charts, along with the corresponding narrative explanation and conclusions within all six steps of the process. If the Fundamental market analysis pre-class assignment is submitted for feedback, it should be submitted by noon Central Time (CT) at least one week prior to the second webinar, via the approved online software.

We highly encourage participants to submit the optional FMA pre-class assignment, as those who do, historically, are much better prepared when submitting a completed final report.

Equipment:

A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.

You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.

For more information and a free review, click here.

For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.

HP-12C calculator User’s Manual.

Additional Information:

Participant Deliverables

Highly encouraged to submit an optional pre-class FMA writing assignment.
Complete assignments at the end of each day to gauge progress.
Finish all sections of the demonstration appraisal report no later than noon on the seventh day.

On-site session reports due: At noon on day seven (7) of the on-site session (in the time zone of the on-site session) the full report meeting grading eligibility requirements must be submitted.

Synchronous session reports due: At noon on day seven (7) Central Time (CT), the full report meeting grading eligibility requirements must be submitted.

Schedule

Pre-class session 1: Webinar – 1.5 hours
Pre-class session 2: Webinar – 1 hour
Day 1: Classroom – 7 hours
Day 2: Classroom – 7 hours
Day 3: Classroom – 7 hours
Day 4: Classroom – 7 hours
Day 5: Classroom – 7 hours
Day 6: Classroom – 7 hours
Day 7: Classroom – 3.5 hours

Optional FMA Pre-Class Writing Assignment: An optional pre-class FMA writing assignment is highly encouraged to submit and Candidates who do submit this pre-class assignment are much better prepared when submitting a completed final report.

The optional FMA pre-class writing assignment should contain all analysis, including appropriate charts, along with the corresponding narrative explanation and conclusions within all six steps of the process. If the Fundamental market analysis pre-class assignment is submitted for feedback, it should be submitted by noon Central Time (CT) at least one week prior to the second webinar, via the approved online software.

Note: A Level C Fundamental Market Analysis (FMA) is required for the Capstone final report submission.

The final draft of the demonstration appraisal report must meet certain requirements that make it eligible for grading as written under the section Capstone Report Submission Requirements in The Official Guide to the Demonstration of Knowledge Requirement: General.

Requirements:

Live Online FAQ

Online FAQ

A laptop computer is required.
Word processing and spreadsheet software must be installed and operational.
Google Earth and Google Maps software. This free software program can be downloaded from www.google.com. It allows you to view satellite imagery, maps, terrain, 3-D buildings, and more.

Must be a General Candidate for Designation
Advanced Market Analysis and Highest & Best Use
General Demonstration Report Writing Seminar within the last 5 years

Market Analysis for Real Estate, 2nd ed.
The Appraisal of Real Estate, 15th ed.
The Dictionary of Real Estate Appraisal, 6th ed.
General Demonstration Appraisal Report Writing (seminar handbook)

Rate		AI Price
Standard Today thru 03/06/2025		$1,850.00

Sponsor	Date	Location	Format
Appraisal Institute	August 4-10, 2025		Synchronous	View Details	Register
Appraisal Institute	October 27 - November 2, 2025	Denver, CO	Classroom	View Details	Register
Appraisal Institute	December 8-14, 2025		Synchronous	View Details	Register

Registration Deadline: Thursday, March 6, 2025
Materials Released: Friday, March 7, 2025
Webinar #1: Friday, March 28, 2025
Webinar #2: Tuesday, April 22, 2025

General Demonstration Report-Capstone Program

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