Students have 45 days from the session start date to complete the course material for this program. This course is completed at the student's own pace. There is a 2-hour exam for the course.

Do I have to take the course exam?

You are required to complete and pass a proctored offline exam if:

• you are taking this class to meet state qualifying education requirements
• you are taking this class to meet the qualifying education requirements for an Appraisal Institute designation

You may be required to complete and pass a proctored offline exam if:

• you are taking this class to meet state continuing education requirements.  Most states do not require the exam for CE credit, but please confirm this with your state licensing board.

You are not required to complete and pass a proctored offline exam if:

• if you are taking this class to meet the continuing education requirements of an Appraisal Institute designation

• Recognize the relationship between the sales comparison and income capitalization approaches and the rest of the Valuation Process.
• Extract and support adjustments using paired data set analysis.
• Extract and support adjustments using income analysis.
• Extract and support adjustments using cost and depreciation analysis.
• Apply the adjustment techniques most appropriate for given data.
• Calculate appreciation rates for the subject property and comparable sales.
• Use the estimated gross monthly market rent and the reconciled GRM to derive a value indication from the income capitalization approach.
• Apply the reconciled GRM to the gross monthly rent estimate to derive a value indication for the subject property by the income capitalization approach.
• Derive an indication of value by the sales comparison approach.

AI CE Credit for Designated members, Candidates for Designation and Practicing Affiliates
This program is approved for 1 hour of Appraisal Institute CE credit for every hour taken.