AI-GRS case studies
AI-GRS · Put your knowledge to work in context.
The AI-GRS (General Review Specialist) is a designation credential offered by the Appraisal Institute for valuation professionals who review the work of other appraisers. It is aimed at general-certified appraisers and experienced practitioners who perform appraisal reviews for lenders, litigation, government, and portfolio clients rather than solely producing original assignments. The AI-GRS case studies are 5 cases and about 3,690 words.
1Reviewer’s Dilemma: Scope Creep in a Retrospective Review
You are a senior reviewer at a regional bank. A junior review appraiser has completed a review of an appraisal for a 12-unit apartment building.
706 words, about 4 min2Ethical Pressure: Client Requests a Favorable Review
You are a review appraiser engaged by a mortgage broker to review an appraisal for a luxury home. The broker is anxious to close the loan and has told you that the original appraisal 'came in low' and that the borrower is threatening to walk.
718 words, about 4 min3Methodology Muddle: Reconciling Income and Sales Approaches
You are reviewing an appraisal of a mixed-use property (retail on the ground floor, two apartments above). The original appraiser developed both the income approach and the sales comparison approach.
792 words, about 4 min4Report Review: Inconsistent Data and Missing Analysis
You are reviewing an appraisal report for a single-family home. The report is 45 pages long, but you notice several issues: (1) The subject property is described as having 3 bedrooms and 2 bathrooms, but the sales comparison grid lists a comparable with 4 bedrooms and 3 bathrooms without any adjustment for bedroom/bath count.
713 words, about 4 min5Scope of Work: Desktop Review vs. Inspection
You are asked to review an appraisal of a 20-year-old office building. The original appraiser performed an interior inspection and noted that the building’s HVAC system is original and may need replacement soon.
761 words, about 4 min