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    Basic Appraisal Procedures

    Register
    On Demand
    Date
    On Demand
    Location
    Sponsor
    Appraisal Institute
    Instructor
    Craig M. Harrington, SRA, AI-RRS
    Thomas R. Kirby, MAI, SRA
    Class Time
    28 hours
    Exam Time
    2 Hours
    Full Price
    $480.00
    AI Price
    $405.00
    Course Description

     

    Apply the principles and concepts learned in Basic Appraisal Principles. This four-day course takes you step-by-step through the valuation process: defining the problem, collecting and analyzing data, reaching a final opinion of value, and communicating the appraisal. Learn about the three approaches to reaching an opinion of value—income capitalization, cost, and sales comparison—and apply them in true-to-life case studies and problems. After examining income capitalization methods and formulas, learn how rates and multipliers are derived. Through case studies discover the steps and concepts involved in the cost approach—how appraisers estimate the cost of constructing a reproduction of or replacement for an existing structure; the three major components of depreciation and methods for estimating and allocating depreciation; and land and site valuation. The course will guide you through the sales comparison approach including researching the market, verifying information, selecting units of comparison, conducting a comparative analysis, making adjustments, and reconciliation. Complete key sections of an appraisal report. Finally, the course provides an introduction to property description and construction and design basics.

     
    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
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 28 28 Online Online 04/18/2022 04/18/2025 18867
    AK QE 30 28 2 Online Online 04/18/2022 04/18/2025 18867
    AL CE 28 28 Online Online 10/01/2022 09/30/2024 C02671
    AL QE 30 28 2 Online Online 10/01/2022 09/30/2024 C02671
    AR CE 28 28 Online Online 04/01/2022 05/06/2024
    AR QE 30 28 2 Online Online 04/01/2022 05/06/2024
    AZ CE 30 28 2 Online Online 06/01/2022 06/01/2025 56800
    AZ QE 30 28 2 Online Online 06/01/2022 06/01/2025 56800
    CA CE 28 28 Online Online 06/24/2023 06/23/2027 07754117
    CA QE 30 28 2 Online Online 06/24/2023 06/23/2027 07754117
    CO CE 30 28 2 Online Online 06/02/2022 06/01/2025 2374
    CO QE 30 28 2 Online Online 06/02/2022 06/01/2025 2374
    CT CE 28 28 Online Online 10/12/2022 06/01/2025 AAL.000981
    CT QE 30 28 2 Online Online 05/01/2022 05/01/2025 APR.000271
    DC CE 28 28 Online Online 03/01/2020 02/28/2024 4014
    DC CE 28 28 Online Online 01/18/2024 02/28/2026 4014
    DC QE 30 28 2 Online Online 03/01/2020 02/28/2024 4014
    DC QE 30 28 2 Online Online 01/18/2024 02/28/2026 4014
    DE CE 30 28 2 Online Online 06/01/2022 06/01/2025 56800
    DE QE 30 28 2 Online Online 06/01/2022 06/01/2025 56800
    FL CE 20 20 Online Online 09/27/2023 09/26/2025 0010539
    FL QE 30 28 2 Online Online 09/22/2023 09/26/2025 0010539
    GA CE 30 28 2 Online Online 06/16/2023 06/01/2025 70822
    GA QE 30 28 2 Online Online 06/16/2023 06/01/2025 70823
    HI CE 30 28 2 Online Online 01/01/2024 12/31/2024 23-377
    HI CE 28 28 Online Online 01/01/2024 12/31/2024 23-377
    HI QE 30 28 2 Online Online 01/01/2024 12/31/2024 23-377
    IA CE 28 28 Online Online 04/29/2022 06/01/2025 A518-685
    IA CE 30 28 2 Online Online 04/29/2022 06/01/2025 A518-1057
    IA QE 30 28 2 Online Online 04/29/2022 06/01/2025 A518-686
    ID CE 28 28 Online Online 09/09/2022 06/01/2025
    ID QE 30 28 2 Online Online 09/09/2022 06/01/2025
    IL CE 28 28 Online Online 01/01/2023 12/31/2024 575.001371
    IL QE 30 27 3 Online Online 01/01/2022 12/31/2024 573.000694
    IN CE 30 28 2 Online Online 06/01/2022 06/01/2025 56800
    IN QE 30 28 2 Online Online 06/01/2022 06/01/2025 56800
    KS CE 30 28 2 Online Online 01/17/2024 12/31/2024 512.C24.N
    KS QE 30 28 2 Online Online 01/01/2024 12/31/2024 305.P24.R
    KY CE 30 28 2 Online Online 07/01/2023 06/30/2024
    KY QE 30 28 2 Online Online 07/01/2023 06/30/2024
    LA CE 28 28 Online Online 09/09/2019
    LA QE 30 28 2 Online Online 09/09/2019
    MA CE 28 28 Online Online 05/17/2022 06/01/2024 120084
    MA QE 30 28 2 Online Online 03/27/2023 06/01/2025 120150
    MD CE 30 28 2 Online Online 06/01/2022 06/01/2025 56800
    MD QE 30 28 2 Online Online 06/01/2022 06/01/2025 56800
    ME CE 30 28 2 Online Online 06/01/2022 06/01/2025 56800
    ME QE 30 28 2 Online Online 06/01/2022 06/01/2025 56800
    MI CE 28 28 Online Online 06/02/2022 06/01/2025 3001
    MI QE 30 28 2 Online Online 06/02/2022 06/01/2025 3001
    MN CE 30 28 2 Online Online 08/01/2022 07/31/2024
    MN CE 28 28 Online Online 08/01/2023 07/31/2025 1018756
    MN QE 30 28 2 Online Online 08/01/2023 07/31/2025 1018755
    MO CE 28 28 Online Online 05/12/2022 06/01/2025
    MO QE 30 28 2 Online Online 05/12/2022 06/01/2025
    MS CE 28 28 Online Online 06/02/2022 06/30/2024 MAB #50068
    MS QE 30 28 2 Online Online 06/02/2022 06/30/2024 MAB #50068
    MT CE 28 28 Online Online 05/04/2022 05/04/2025 REA-CEC-REC-15347
    MT QE 30 28 2 Online Online 05/04/2022 05/04/2025 REA-CEC-REC-15347
    NC QE 30 28 2 Online Online 01/01/2024 12/31/2024
    ND CE 30 28 2 Online Online 09/05/2007 QE-2710
    ND QE 30 28 2 Online Online 09/05/2007 QE-2710
    NE CE 28 28 Online Online 06/01/2022 06/01/2025
    NE QE 30 28 2 Online Online 06/01/2022 06/01/2025 56800
    NH CE 30 28 2 Online Online 07/07/2022 06/01/2025
    NH QE 30 28 2 Online Online 03/01/2023 06/01/2025
    NJ CE 28 28 Online Online 04/20/2022 2022-3456
    NJ QE 30 28 2 Online Online 04/20/2022 2022-3456
    NM CE 28 28 Online Online 06/02/2022 06/01/2025 4220
    NM QE 30 28 2 Online Online 06/02/2022 06/01/2025 4220
    NV CE 30 28 2 Online Online 01/01/2024 10/02/2024 CE.0009527-A
    NV QE 30 28 2 Online Online 08/01/2022 07/31/2024 PL.0009465-A
    NY CE 28 28 Online Online 01/01/2024 12/31/2024 A5481-28
    NY QE 30 28 2 Online Online 10/01/2023 09/30/2024 Q0204 R6
    OH CE 28 28 Online Online 01/01/2023 06/01/2025
    OH QE 30 28 2 Online Online 06/01/2022 06/01/2025 56800
    OK CE 28 28 Online Online 04/25/2022 06/01/2025 60C
    OK QE 30 28 2 Online Online 04/25/2022 06/01/2025 60C
    OR CE 28 28 Online Online 06/02/2022 06/01/2025 APIN-Q-0419-8782
    OR QE 30 28 2 Online Online 05/17/2022 06/01/2025 APIN-Q-0522-8930
    PA CE 30 28 2 Online Online 06/02/2022 06/01/2025
    PA QE 30 28 2 Online Online 06/16/2022 06/01/2025
    PR CE 30 28 2 Online Online 06/01/2022 06/01/2025 56800
    PR QE 30 28 2 Online Online 06/01/2022 06/01/2025 56800
    RI CE 28 28 Online Online 05/18/2022 06/01/2025 REA.0001885-CE
    RI QE 30 28 2 Online Online 05/18/2022 06/01/2025 REA.0001885-CE
    SC QE 30 28 2 Online Online 09/01/2022 08/31/2024 AS.1DQE-2
    SD CE 30 28 2 Online Online 07/12/2022 05/13/2025 SD 455
    SD QE 30 28 2 Online Online 05/13/2022 05/13/2025 SD 455
    TN CE 30 28 2 Online Online 03/16/2023 03/31/2025 2664
    TN QE 30 28 2 Online Online 09/01/2022 08/31/2024 2403
    TX CE 28 28 Online Online 06/01/2022 06/01/2024 TX Provider #:10 Course #: 36891
    TX QE 30 28 2 Online Online 06/01/2022 06/01/2025 TX Provider #:8038 Course #: 27855
    UT CE 28 28 Online Online 03/16/2023 03/31/2025 AC230323
    UT QE 30 28 2 Online Online 03/15/2022 03/31/2024 AQ220309
    VA CE 30 28 2 Online Online 06/01/2022 06/01/2025 56800
    VA QE 30 28 2 Online Online 04/08/2022 05/31/2024 4006000286
    VT CE 28 28 Online Online 05/02/2022 05/02/2026
    VT QE 30 28 2 Online Online 04/12/2022 04/13/2026
    WA CE 28 28 Online Online 11/15/2021 03/25/2024 A21034235
    WA CE 28 28 Online Online 03/26/2024 06/01/2025 A23037208
    WA QE 30 28 2 Online Online 11/15/2021 03/25/2024 A21034235
    WA QE 30 28 2 Online Online 03/26/2024 06/01/2025 A23037208
    WI CE 30 28 2 Online Online 06/01/2022 06/01/2025 56800
    WI QE 30 28 2 Online Online 06/01/2022 06/01/2025 56800
    WV CE 30 28 2 Online Online 03/16/2023 03/25/2024
    WV CE 30 28 2 Online Online 03/26/2024 06/12/2026
    WV QE 30 28 2 Online Online 06/16/2023 06/01/2025
    WY CE 28 28 Online Online 04/18/2022 06/01/2025
    WY QE 30 28 2 Online Online 04/18/2022 06/01/2025
    Course Objectives
    • Identify the eight steps of the valuation process.
    • Identify the basic components and processes used to derive a value indication when performing the income capitalization approach.
    • Identify the six procedures for analyzing land or site value.
    • Identify the three cost-estimating methods used by appraisers.
    • Apply component costs to estimate the cost of residential building improvements.
    • Identify typical elements of comparison used in the sales comparison approach.
    • Analyze sales to select appropriate comparable properties.
    • Derive adjustments using paired sales analysis.
    • Reconcile the indicated values derived in the sales comparison approach to a single point value opinion.
    • Recognize the types of reports used to communicate an appraisal analysis.
    Course Details

    Program Overview:

    Online Syllabus

    Assignments:

    Online: Yes. Participants must complete mandatory assignments in this program. Please plan your time accordingly and allow up to 5 days for the instructor to review your assignments. The instructor may ask for a re-submission of incomplete assignments. You may also contact the instructor to request expedited review.

    Equipment:

    • A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
    • You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.
    • For more information and a free review, click here.
    • For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator
    • HP-12C calculator User’s Manual

    Additional Information:

    The cost of this course includes a course handbook that will be available for immediate download.

    Exam:
    You will have 90 days from the time that you complete the course to take the proctored, offline exam. Testing center locations in your area can be found by clicking on this link: www.pearsonvue.com/ai.
    Exam FAQ

    Online Course Access
    Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.
    1. Click "Education and Events" on the right navigation menu.
    2. Find the course under the “Online Courses” heading and click the “Begin” button.
    IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue.

    Technology-Based Education Student Disclaimer
    I agree to the terms and policies set forth under the Appraisal Institute Education Policy. I also certify that I am the person identified under Personal Data and that I will personally complete each assigned component of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a Designated member, Candidate for Designation, Practicing Affiliate, or Affiliate of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute, and such peer review proceeding may result in termination of my Appraisal Institute membership, candidacy, and/or affiliation.

    Other Details
    For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions.

    Requirements:

    Online Education FAQ 

    Prerequisites
    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 12/31/2050
    $480.00 $405.00
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    Chicago Chapter February 19-22, 2024 Chicago, IL Classroom View Details Register
    Hoosier State Chapter March 12-15, 2024 Indianapolis, IN Classroom View Details Register
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