MAI comprehensive exam-study material

[DanBuck]

To those that can help:

Anyone have updated study material for the MAI comprehensive exam or can advise on what to expect on the tests as of this year? I have material and info from 2018, which I'm sure is mostly applicable, though I could really use more help.

Thanks alot

 

[Serge4285]

To those that can help:

Anyone have updated study material for the MAI comprehensive exam or can advise on what to expect on the tests as of this year? I have material and info from 2018, which I'm sure is mostly applicable, though I could really use more help.

Thanks alot

Hi Dan,
I recently took all 4 modules of the comp. exam (between 11/21 to 4/22) and passed on the first go around. I used Gary DeWeese's study material, which was my primarily study tool. I found that his problems simulate the test question best (they maybe a tad more difficult, which is good). My boss gave me some of his study material too and he took it prior to 2018, so I think anything from 2018 is applicable. I also used some of the AI's course books, but those questions are much easier. As for the exam itself, it is not easy, but not impossible. You have to have a solid understanding of the concepts as the questions are more thought provoking than any of the other AI exams. For me, I found the General Concepts to be the easiest, followed by the Income Approach, Sales Approach with the Cost Approach/Market Analysis exam most difficult. Best of luck!

 

[DanBuck]

Hi Dan,
I recently took all 4 modules of the comp. exam (between 11/21 to 4/22) and passed on the first go around. I used Gary DeWeese's study material, which was my primarily study tool. I found that his problems simulate the test question best (they maybe a tad more difficult, which is good). My boss gave me some of his study material too and he took it prior to 2018, so I think anything from 2018 is applicable. I also used some of the AI's course books, but those questions are much easier. As for the exam itself, it is not easy, but not impossible. You have to have a solid understanding of the concepts as the questions are more thought provoking than any of the other AI exams. For me, I found the General Concepts to be the easiest, followed by the Income Approach, Sales Approach with the Cost Approach/Market Analysis exam most difficult. Best of luck!

Hey Id like to speak to you more about-Hope you can DM me-I wasnt able to do so..

 

[parallel49]

I would be interested to hear how you go @DanBuck with the 2018 material! What exam window are you targeting?

 

[Elliott]

I was going through some old education stuff this weekend and I ran into a bunch of 'flash cards' I prepared. Mind you, its been over 34 years since I took the exam, but I was the second person out of the room. I'm sure the recent prep classes are more relevant, but some appraisal concepts don't change much.

 

[Elliott]

But wait, there's more:

 

[BobApp]

To those that can help:

Anyone have updated study material for the MAI comprehensive exam or can advise on what to expect on the tests as of this year? I have material and info from 2018, which I'm sure is mostly applicable, though I could really use more help.

Thanks alot

Hi, I found Deweese's prep modules helpful and worth the investment. I should add that he also answered questions over email which I found really useful. I would recommend his modules as the closest proximity to the content of the comp. Good luck!

 

[DanBuck]

I was going through some old education stuff this weekend and I ran into a bunch of 'flash cards' I prepared. Mind you, its been over 34 years since I took the exam, but I was the second person out of the room. I'm sure the recent prep classes are more relevant, but some appraisal concepts don't change much.

View attachment 64598

View attachment 64599

This is hilarious

 

[Long Walk]

I took all four parts in November 2021. All I used were the AI manuals. I did every problem, case study, digging deeper a few times in all the class and homework manuals. I also made a notes doc for each class and edited those while I studied. The fundamental techniques have to be habit. You can't try to remember how to calculate a mortgage balance or IRR while sitting in the exam. The biggest help was a 12C app for my phone (outside the test center). It made the 12C my primary calculator and it was very familiar to me for the exams. Long prep study sessions helped me with the mental endurance under time pressure in the exams. I passed all four parts by the grace of God on the first try.

In each test segment, I found that refusing to panic or quit were useful approaches. Be prepared to use all the time allotted. Be prepared to guess at some problems in the last minute of each exam. Success appears directly related to how well a candidate can extract implied information. I wish you well in your prep.