AI-GRS study plan
AI-GRS · Give each week a clear focus.
8 weeks · About 6 hours per week
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
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
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
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
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
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
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
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