AI-GRS study materials
AI-GRS study resources

AI-GRS study plan

AI-GRS · Give each week a clear focus.

8 weeks · About 6 hours per week

Week 1

Review theory and practice & Valuation methodology and analysis

  • Define the reviewer's role and scope of work relative to the original appraiser's assignment

  • Distinguish the three review types (field, desk, and appraisal review) and identify when each applies

  • Outline the appraisal process steps a reviewer must reconstruct to test an opinion of value

  • List the three approaches to value and state the core data each requires

Your checkpoint

One-page review-process flowchart mapping reviewer decisions from engagement acceptance to report sign-off

Week 2

Valuation methodology and analysis

  • Apply the cost approach steps and identify common reviewer red flags in depreciation estimates

  • Apply the sales comparison approach and test comparables for comparability and adjustment support

  • Apply the income approach and check capitalization-rate derivation and income/expense reconciliation

  • Reconcile value indications and critique a reconciliation for logic and support

Your checkpoint

Worked critique of a sample three-approach valuation with at least five documented error findings

Week 3

Valuation methodology and analysis & Review theory and practice

  • Compute and interpret key ratios (e.g., expense ratio, vacancy, DSCR) from a sample operating statement

  • Detect internal inconsistencies between highest and best use, approach selection, and final value

  • Evaluate the reviewer's tests for market data accuracy and reasonableness

  • Draft a defensible conclusion on whether the original value is credible

Your checkpoint

Ratio-analysis worksheet plus a 300-word credibility conclusion on a sample appraisal

Week 4

Standards of Professional Practice and ethics

  • Map the review engagement to the applicable standards (competency, scope of work, development, reporting)

  • Identify the reviewer's obligations when the original work is deficient

  • Distinguish advocate, consultant, and review roles and the independence each requires

  • Apply the ethics rules to three scenario conflicts and justify each resolution

Your checkpoint

Standards-and-ethics compliance checklist applied to a mock review engagement

Week 5

Standards of Professional Practice and ethics & Report review and communication

  • Write review findings that separate factual errors from judgment differences

  • Structure a review report with scope, analysis, and conclusions in required order

  • Apply professional communication standards to disagreement with the original appraiser

  • Draft clear, non-inflammatory language for adverse findings

Your checkpoint

Complete mock review report (2-4 pages) with findings, support, and conclusion

Week 6

Report review and communication & Review theory and practice

  • Critique a peer's mock review report for clarity, support, and standards compliance

  • Revise your own report to close gaps found in peer critique

  • Test whether each finding is supported by evidence cited in the review

  • Verify that the review's scope of work matches the conclusions drawn

Your checkpoint

Revised review report plus a peer-critique log tracking each change made

Week 7

Review theory and practice & Standards of Professional Practice and ethics & Valuation methodology and analysis & Report review and communication

  • Integrate all four domains in a timed full-length practice review scenario

  • Diagnose weak domains from practice results and rank them by exam weight

  • Re-drill the two weakest domains with targeted scenario questions

  • Confirm command of standards and ethics rules under time pressure

Your checkpoint

Timed practice exam score report with a ranked remediation list

Week 8

Review theory and practice & Standards of Professional Practice and ethics & Valuation methodology and analysis & Report review and communication

  • Re-test the ranked weak areas and confirm improvement

  • Rehearse the full review workflow end-to-end without notes

  • Memorize the standards and ethics decision rules you missed most often

  • Finalize a one-page exam-day strategy covering pacing and question triage

Your checkpoint

Final readiness scorecard and one-page exam-day strategy sheet

Milestones

Week 2: Can critique all three valuation approaches and identify at least five support failures in a sample report

Week 4: Scores 80%+ on a self-made standards-and-ethics scenario quiz

Week 6: Produces a complete, standards-compliant review report that survives peer critique

Week 8: Scores 75%+ on a timed full-length practice exam with weakest domain improved