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    Basic Appraisal Principles

    More Info Register
    October 8-11, 2024 Indianapolis, IN
    Date
    October 8-11, 2024
    Sponsor
    Hoosier State Chapter
    Location
    Egis (F/K/A BLN)
    8320 Craig Street
    Indianapolis, IN 46250
    Instructor
    Mark R. Ratterman, MAI, SRA
    Class Time
    28 hours
    Exam Time
    2 Hours
    Full Price
    $505.00
    AI Price
    $480.00
    Enroll by September 2 and save $25!
    View Pricing Options
    Course Description

    If you’re considering a career in professional valuation services, your journey should begin with Basic Appraisal Principles. This four-day course will introduce you to real property concepts and characteristics, legal considerations, influences on real estate values, types of value, economic principles, real estate markets and analysis, highest and best use, and ethical considerations. The course should provide a solid foundation in basic appraisal principles no matter what appraisal specialty you pursue.

    Co-developed by the Appraisal Institute, ASA, and ASFMRA

     
    Who Should Enroll
    • Beginning real property appraisers
    • Real estate professionals
    • Users of appraisal services
    • College students
    • Accountants
    AI CE Points
    Attend:
    150
    Attend & Pass Exam:
    200
    Pass Only:
    150
    State Approvals
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    CA CE 28 28 Classroom Classroom 03/10/2024 03/09/2028 20CP754601422
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    MI CE 28 28 Classroom Classroom 04/11/2024 04/11/2027 20-938601
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    MS CE 28 28 Classroom Classroom 11/17/2023 11/16/2025 MAB#7079
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    MT CE 28 28 Classroom Classroom 04/11/2024 06/12/2026 REA-CEC-REC-17536
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    NY QE 30 28 2 Classroom Classroom 10/01/2023 09/30/2024 Q0203 R5
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    PR CE 30 28 2 Classroom Classroom 06/12/2023 06/12/2026 74333
    PR CE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    PR QE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    RI CE 30 28 2 Classroom Classroom 04/11/2024 01/12/2026 REA.0002147-CE
    RI QE 30 28 2 Classroom Classroom 04/11/2024 01/12/2026 REA.0002147-CE
    SC QE 30 28 2 Classroom Classroom 09/01/2022 08/31/2024 AS.1QE1
    SD CE 30 28 2 Classroom Classroom 03/22/2022 03/04/2025 SD 363
    SD QE 30 28 2 Classroom Classroom 03/04/2022 03/04/2025 SD 363
    TN CE 28 28 Classroom Classroom 05/01/2024 04/30/2026 825
    TN QE 30 28 2 Classroom Classroom 05/01/2024 04/30/2026 825
    TX CE 30 28 2 Classroom Classroom 11/01/2023 06/12/2025 TX Provider #:10 Course #:30846
    TX QE 30 28 2 Classroom Classroom 11/01/2023 06/12/2026 TX Provider #: 8038 Course #: 27856
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    WA CE 28 28 Classroom Classroom 04/11/2024 06/01/2025 A24001742
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    WI CE 30 28 2 Classroom Classroom 06/12/2023 06/12/2026 74333
    WI QE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    WV CE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026
    WV QE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026
    WY CE 28 28 Classroom Classroom 04/11/2024 04/10/2027
    WY QE 30 28 2 Classroom Classroom 04/11/2024 04/10/2027
    Course Objectives
    • Recognize the components of ethical and competent appraisal practice.
    • Recognize the distinctive differences among land, real property, real estate, and personal property.
    • Recognize and identify the three major land description systems.
    • Recognize the major components that appear in all definitions of market value.
    • Recognize the definitions of the economic principles of change, anticipation, supply and demand, competition, substitution, balance, externalities, and highest and best use.
    • Solve basic real estate math problems in fractions, decimals, and percentages.
    • Solve for mean, median, and mode.
    • Use a financial calculator to perform mortgage calculations and to solve problems in simple and compound interest.
    • Recognize the definitions of appraisal practice, valuation services, appraisal review, and other key terms.
    • Identify the basic components in the appraiser’s scope of work decision.
    Course Details

    Program Overview:
    Table of Contents and Overview
    Course Schedule

    Assignments:
    No

    Equipment:

    Additional Information:

    Course Materials Include:
    • Course Handbook (430 pp.)
    • Suggested Solutions (160 pp.) 
    National Registry of CPE SponsorsThe Appraisal Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

    State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN, 37219-2417. Web site: www.nasba.org.

    Delivery Method: Group-Live
     
    You will be asked to clear the calculator’s memory before and after the examination. Only one calculator is permitted in the testing room. Examinees taking most AI exams may bring their own calculator to use during the exam. Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.
     

    Requirements:
    None

    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 09/02/2024
    $505.00 $480.00
    Late
    After 09/03/2024
    $530.00 $505.00
    Have Exam Questions?
    Additional Course Offerings
    Sponsor Date Location Format
    Tennessee Chapter June 10-13, 2024 NASHVILLE, TN Classroom View Details Register
    Appraisal Institute On Demand Online View Details Register
    Appraisal Institute July 9-19, 2024 Synchronous View Details Register
    North Star Chapter July 29 - August 1, 2024 Maple Grove, MN Classroom View Details Register
    Appraisal Institute August 19-29, 2024 Synchronous View Details Register
    Event Information

    CLASS LOCATION: 9247 N. Meridian Street, Indianapolis, IN 46260. Classroom is on the third floor of the building.

    ATTENDANCE:
    Please note registration runs from 8:00AM to 8:30AM with instruction starting PROMPTLY at 8:30AM. Following Appraiser Qualifications Board minimum criteria requirements, 100% ATTENDANCE IS REQUIRED FOR ALL APPRAISAL INSTITUTE EDUCATION PROGRAMS. Students should not be late or leave early. Those missing class times may not receive credit.

    HOTELS:
    To take advantage of special rates that the Hoosier State Chapter of the Appraisal Institute has negotiated, please mention you are with the Appraisal Institute when booking any of the following accommodations:

    1) HILTON HOMEWOOD SUITES 2501 East 86th Street Indianapolis, IN 46240 1-800-225-5466 317-253-1919 Call Sales Department for negotiated price of $121 - includes a large 1 bedroom suites with a separate kitchen and living room, fully renovated in 2016. All stays include a complimentary full hot breakfast, evening social M-TH, high speed internet, a workout facility & transportation to the classroom. To register online, cut and paste the following into your web browser: http://homewoodsuites.hilton.com/en/hw/reservations/index.jhtml?hotel=INDKCHW&corporateCode=560004829

    2) HOLIDAY INN 251 E. Pennsylvania Parkway Indianapolis, IN 46280 317-574-4600

    3) HYATT PLACE 9104 Keystone Crossing Indianapolis, IN 46240 1-888-492-8847 317-843-0064

    4) MARRIOTT SPRINGHILL SUITES 11855 North Meridian Street Carmel, IN 46032 317-846-1800

    5) COMFORT INN & SUITES 9090 Wesleyan Road Indianapolis, IN 46268 1-800-414-6423 or 317-875-7676


    ATTENDANCE: Following Appraiser Qualifications Board minimum criteria requirements, 100% ATTENDANCE IS REQUIRED FOR ALL APPRAISAL INSTITUTE EDUCATION PROGRAMS. Students should not be late or leave early. Those missing class times may not receive credit.