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    Basic Appraisal Procedures

    Register
    June 18-28, 2024
    Date
    June 18-28, 2024
    Location
    Sponsor
    Appraisal Institute
    Instructor
    Kelly N. Yeatts, MAI
    Class Time
    28 hours
    Exam Time
    2 Hours
    Full Price
    $480.00
    AI Price
    $405.00
    Enroll by June 28!
    View Pricing Options
    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 Synchronous Synchronous 10/14/2023 03/25/2024 18679
    AK CE 28 28 Synchronous Synchronous 03/26/2024 04/18/2025 18867
    AK QE 30 28 2 Synchronous Synchronous 10/14/2023 03/25/2024 18679
    AK QE 30 28 2 Synchronous Synchronous 03/26/2024 04/18/2025 18867
    AL CE 28 28 Synchronous Livestream 10/01/2022 09/30/2024 C02670
    AL CE 28 28 Synchronous Synchronous 10/01/2022 09/30/2024 C02551
    AL QE 30 28 2 Synchronous Livestream 10/01/2022 09/30/2024 C02670
    AL QE 30 28 2 Synchronous Synchronous 10/01/2022 09/30/2024 C02551
    AR CE 28 28 Synchronous Livestream 05/06/2022 05/06/2024
    AR CE 28 28 Synchronous Synchronous 08/01/2022 09/01/2024
    AR QE 30 28 2 Synchronous Livestream 05/06/2022 05/06/2024
    AR QE 30 28 2 Synchronous Synchronous 08/01/2022 09/01/2024
    AZ CE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 76957
    AZ CE 30 28 2 Synchronous Synchronous 06/12/2023 06/12/2026 74333
    AZ QE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 76957
    CA CE 30 28 2 Synchronous Livestream 01/01/2022 03/09/2024 20CP754601423
    CA CE 28 28 Synchronous Synchronous 08/25/2020 08/24/2024 20CP754601441
    CA QE 30 28 2 Synchronous Livestream 01/01/2022 03/09/2024 20CP754601423
    CA QE 30 28 2 Synchronous Synchronous 08/25/2020 08/24/2024 20CP754601441
    CO CE 30 28 2 Synchronous Synchronous 06/16/2023 06/12/2026 2405
    CO QE 30 28 2 Synchronous Synchronous 06/16/2023 06/12/2026 2405
    CT CE 18 18 Synchronous Livestream 01/01/2022 03/25/2024 AAL.000847
    CT CE 18 18 Synchronous Synchronous 06/16/2023 05/09/2026 AAL.000662
    CT QE 30 28 2 Synchronous Livestream 01/01/2022 03/26/2024 APR.000225
    CT QE 30 28 2 Synchronous Synchronous 06/16/2023 05/09/2026 APR.000299
    DC CE 28 28 Synchronous Livestream 01/01/2022 02/28/2024 4079
    DC CE 30 28 2 Synchronous Synchronous 01/01/2022 02/28/2024 4079
    DC CE 30 28 2 Synchronous Synchronous 01/18/2024 02/28/2026 4079
    DC QE 30 28 2 Synchronous Livestream 01/01/2022 02/28/2024 4079
    DC QE 30 28 2 Synchronous Synchronous 01/01/2022 02/28/2024 4079
    DC QE 30 28 2 Synchronous Synchronous 01/18/2024 02/28/2026 4079
    DE CE 30 28 2 Synchronous Synchronous 06/12/2023 06/12/2026 74333
    DE CE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 76957
    DE QE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 76957
    FL CE 20 20 Synchronous Synchronous 03/06/2023 01/11/2025 0010544
    FL QE 30 28 2 Synchronous Synchronous 03/06/2023 01/11/2025 0007532
    GA CE 28 28 Synchronous Synchronous 06/16/2023 06/12/2026 74390
    GA QE 30 28 2 Synchronous Synchronous 06/16/2023 06/12/2026 74390
    HI CE 30 28 2 Synchronous Synchronous 01/01/2024 12/31/2024 23-410
    HI CE 28 28 Synchronous Synchronous 01/01/2024 12/31/2024 23-410
    HI QE 30 28 2 Synchronous Synchronous 01/01/2024 12/31/2024 23-410
    IA CE 30 28 2 Synchronous Synchronous 06/02/2023 05/28/2026 A518-1113
    IA CE 28 28 Synchronous Synchronous 06/02/2023 05/28/2026 A518-1112
    IA QE 30 28 2 Synchronous Synchronous 06/02/2023 05/28/2026 A518-1114
    ID CE 30 28 2 Synchronous Synchronous 06/16/2023 06/12/2026 21446
    ID QE 30 28 2 Synchronous Synchronous 06/16/2023 06/12/2026 21446
    IL CE 28 28 Synchronous Synchronous 01/01/2023 12/31/2024 575.010449
    IL QE 30 28 2 Synchronous Synchronous 01/01/2023 12/31/2024 573.000694
    IN CE 30 28 2 Synchronous Synchronous 06/12/2023 06/12/2026 74333
    IN CE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 76957
    IN QE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 76957
    KS CE 28 28 Synchronous Synchronous 01/01/2024 12/31/2024 176.C24.R
    KS QE 30 28 2 Synchronous Synchronous 01/01/2024 12/31/2024 304.P24.R
    KY CE 30 28 2 Synchronous Synchronous 07/01/2023 06/30/2024
    KY QE 30 28 2 Synchronous Synchronous 07/01/2023 06/30/2024
    LA CE 28 28 Synchronous Livestream 01/01/2022 03/25/2024 A0002
    LA CE 28 28 Synchronous Synchronous 06/16/2023 03/25/2024
    LA CE 28 28 Synchronous Synchronous 06/16/2023 03/25/2024
    LA QE 30 28 2 Synchronous Livestream 01/01/2022 03/25/2024 A0002
    LA QE 30 28 2 Synchronous Synchronous 06/16/2023 03/25/2024
    LA QE 30 28 2 Synchronous Synchronous 06/16/2023 03/25/2024
    MA CE 28 28 Synchronous Livestream 01/01/2022 03/25/2024 10051184
    MA CE 28 28 Synchronous Livestream 01/01/2022 03/25/2024 120040
    MA CE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 120148
    MA QE 30 28 2 Synchronous Livestream 01/01/2022 03/25/2024 10051050
    MA QE 30 28 2 Synchronous Synchronous 06/16/2023 03/25/2024 10051050
    MA QE 30 28 2 Synchronous Synchronous 06/16/2023 03/25/2024 10051050
    MD CE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 76957
    MD CE 30 28 2 Synchronous Synchronous 06/12/2023 06/12/2026 74333
    MD QE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 76957
    ME CE 30 28 2 Synchronous Synchronous 06/12/2023 06/12/2026 74333
    ME CE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 76957
    ME QE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 76957
    MI CE 30 28 2 Synchronous Synchronous 09/05/2023 09/05/2026 20 - 1103234
    MN CE 30 28 2 Synchronous Synchronous 08/01/2022 07/31/2024 1029960
    MN CE 30 28 2 Synchronous Synchronous 08/01/2022 07/31/2024
    MN QE 30 28 2 Synchronous Synchronous 08/01/2022 07/31/2024
    MO CE 28 28 Synchronous Synchronous 05/29/2023 03/25/2024
    MO CE 28 28 Synchronous Synchronous 03/26/2024 06/12/2026
    MO QE 30 28 2 Synchronous Synchronous 05/29/2023 03/25/2024
    MO QE 30 28 2 Synchronous Synchronous 03/26/2024 06/12/2026
    MS CE 28 28 Synchronous Synchronous 06/23/2023 03/25/2024 MAB #49108
    MS CE 28 28 Synchronous Synchronous 03/26/2024 03/25/2026 MAB #49108
    MS QE 30 28 2 Synchronous Synchronous 01/01/2022 03/25/2024 MAB #49108
    MS QE 30 28 2 Synchronous Synchronous 06/23/2023 03/25/2024 MAB #49108
    MS QE 30 28 2 Synchronous Synchronous 03/26/2024 03/25/2026 MAB #49108
    MT CE 28 28 Synchronous Livestream 01/09/2022 03/25/2024 REA-CEC-REC-14628
    MT CE 28 28 Synchronous Synchronous 08/14/2023 03/25/2024 REA-CEC-REC-12944
    MT CE 28 28 Synchronous Synchronous 03/26/2024 05/28/2026 REA-CEC-REC-17192
    MT QE 30 28 2 Synchronous Livestream 01/09/2022 03/25/2024 REA-CEC-REC-14628
    MT QE 30 28 2 Synchronous Synchronous 08/14/2023 03/25/2024 REA-CEC-REC-12944
    MT QE 30 28 2 Synchronous Synchronous 03/26/2024 05/28/2026 REA-CEC-REC-17192
    NC QE 30 28 2 Synchronous Synchronous 01/01/2024 12/31/2024
    ND QE 30 28 2 Synchronous Livestream 01/01/2022 QE2404
    ND QE 30 28 2 Synchronous Synchronous 06/13/2023 06/12/2026 QE-223014
    NE QE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 76957
    NH CE 30 28 2 Synchronous Livestream 01/01/2022 03/25/2024
    NH CE 28 28 Synchronous Livestream 01/01/2022 03/25/2024
    NH CE 28 28 Synchronous Synchronous 05/29/2023 04/10/2024
    NH QE 30 28 2 Synchronous Livestream 01/01/2022 03/25/2024
    NH QE 30 28 2 Synchronous Synchronous 05/29/2023 04/10/2024
    NJ CE 30 28 2 Synchronous Livestream 01/01/2022 03/25/2024 2008-3018
    NJ CE 28 28 Synchronous Synchronous 01/17/2024 06/12/2026 2024-3003
    NJ QE 30 28 2 Synchronous Livestream 01/01/2022 03/25/2024 2008-3018
    NJ QE 30 28 2 Synchronous Synchronous 01/17/2024 06/12/2026 2024-3003
    NM CE 28 28 Synchronous Synchronous 06/16/2023 05/28/2026 4253
    NM QE 30 28 2 Synchronous Synchronous 06/16/2023 05/28/2026 4253
    NV CE 28 28 Synchronous Synchronous 10/13/2022 10/31/2024 CE.0009604-A
    NV QE 30 28 2 Synchronous Synchronous 08/01/2023 07/31/2024 PL.0009464-A
    NY CE 28 28 Synchronous Synchronous 01/01/2024 12/31/2024 A5481-28
    NY QE 30 28 2 Synchronous Synchronous 10/01/2023 09/30/2024 Q0204 R6
    OH CE 30 28 2 Synchronous Synchronous 01/01/2021 03/22/2026 9230005707A 20
    OH QE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 76957
    OK CE 28 28 Synchronous Synchronous 06/10/2022 03/25/2024 773
    OK CE 30 28 2 Synchronous Synchronous 03/26/2024 06/12/2026 773
    OK QE 30 28 2 Synchronous Synchronous 06/10/2022 03/25/2024 602
    OR CE 28 28 Synchronous Livestream 01/01/2022 03/25/2024 APIN-Q-1121-8901
    OR CE 30 28 2 Synchronous Livestream 01/01/2022 03/25/2024 APIN-Q-1121-8901
    OR CE 30 28 2 Synchronous Synchronous 11/01/2021 03/25/2024 APIN-Q-1121-8901
    OR CE 30 28 2 Synchronous Synchronous 03/26/2024 06/12/2026 APIN-Q-1223-9016
    OR QE 30 28 2 Synchronous Livestream 01/01/2022 03/25/2024 APIN-Q-1121-8901
    OR QE 30 28 2 Synchronous Synchronous 11/01/2001 03/25/2024 AAPIN-Q-1121-8901
    OR QE 30 28 2 Synchronous Synchronous 03/26/2024 06/12/2026 APIN-Q-1223-9016
    PA CE 28 28 Synchronous Livestream 01/01/2022 03/25/2024
    PA CE 28 28 Synchronous Synchronous 03/25/2021 03/25/2024
    PA CE 30 28 2 Synchronous Synchronous 03/26/2024 06/12/2026
    PA QE 30 28 2 Synchronous Livestream 01/01/2022 03/25/2024
    PA QE 30 28 2 Synchronous Synchronous 08/03/2021 03/25/2024
    PA QE 30 28 2 Synchronous Synchronous 03/26/2024 06/12/2026
    PR CE 30 28 2 Synchronous Synchronous 06/12/2023 06/12/2026 74333
    PR CE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 76957
    PR QE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 76957
    RI CE 28 28 Synchronous Livestream 01/01/2022 03/25/2024 REA.0001644-CE
    RI CE 28 28 Synchronous Synchronous 05/29/2023 03/25/2024 REA.0001644-CE
    RI CE 28 28 Synchronous Synchronous 03/26/2024 06/12/2026 REA.0002130-CE
    RI QE 30 28 2 Synchronous Livestream 01/01/2022 03/25/2024 REA.0001644-CE
    RI QE 30 28 2 Synchronous Synchronous 05/29/2023 03/25/2024
    RI QE 30 28 2 Synchronous Synchronous 03/26/2024 06/12/2026 REA.0002130-CE
    SC QE 30 28 2 Synchronous Synchronous 09/01/2022 08/31/2024 AS.1QE2
    SD CE 30 28 2 Synchronous Synchronous 07/17/2023 03/04/2025 SD 367
    SD QE 30 28 2 Synchronous Synchronous 03/04/2022 03/04/2025 SD 363
    TN CE 30 28 2 Synchronous Synchronous 08/01/2022 07/31/2024 837
    TN QE 30 28 2 Synchronous Synchronous 08/01/2022 07/31/2024 837
    TX CE 28 28 Synchronous Synchronous 02/22/2023 03/25/2024 TX Provider #: 10 Course #: 39648
    TX QE 30 28 2 Synchronous Synchronous 02/01/2023 03/25/2024 TX Provider #: 8038 Course #: 38557
    TX QE 30 28 2 Synchronous Synchronous 01/26/2024 03/25/2024 TX Provider #: 8038 Course #: 27855
    UT CE 28 28 Synchronous Synchronous 10/01/2022 09/30/2024 AC220906
    UT CE 30 28 2 Synchronous Synchronous 10/01/2022 09/30/2024 AQ220918
    UT QE 30 28 2 Synchronous Synchronous 12/01/2023 11/30/2025 AQ231126
    VA CE 30 28 2 Synchronous Synchronous 06/12/2023 06/12/2026 74333
    VA CE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 76957
    VA QE 30 28 2 Synchronous Synchronous 09/01/2022 08/31/2024 4006000860
    VT CE 28 28 Synchronous Synchronous 07/02/2020 07/02/2024
    VT QE 30 28 2 Synchronous Synchronous 07/02/2020 07/02/2024
    WA CE 30 28 2 Synchronous Synchronous 06/13/2023 05/28/2026 A23007216
    WA QE 30 28 2 Synchronous Synchronous 06/13/2023 05/28/2026 A23007216
    WI CE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 76957
    WI CE 30 28 2 Synchronous Synchronous 06/12/2023 06/12/2026 74333
    WI QE 30 28 2 Synchronous Synchronous 06/23/2023 06/12/2026 76957
    WV CE 30 28 2 Synchronous Synchronous 01/01/2022 03/25/2024
    WV CE 28 28 Synchronous Synchronous 06/16/2023 06/12/2026
    WV QE 30 28 2 Synchronous Synchronous 01/01/2022 03/25/2024
    WV QE 30 28 2 Synchronous Synchronous 06/16/2023 06/12/2026
    WY CE 30 28 2 Synchronous Livestream 01/01/2022 03/25/2024 41
    WY CE 30 28 2 Synchronous Synchronous 01/01/2022 03/25/2024 41
    WY CE 30 28 2 Synchronous Synchronous 03/26/2024 03/25/2027 41
    WY QE 30 28 2 Synchronous Livestream 01/01/2022 03/25/2024 41
    WY QE 30 28 2 Synchronous Synchronous 01/01/2022 03/25/2024 41
    WY QE 30 28 2 Synchronous Synchronous 03/26/2024 03/25/2027 41
    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:

    Classroom: No required assignments.

    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:

    Course Materials Include:
    • Course Handbook (434 pp.)
    • Solutions Booklet (90 pp.)

    Requirements:
    Live Online Education FAQ

    Prerequisites
    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 06/28/2024
    $480.00 $405.00
    Have Exam Questions?
    Additional Course Offerings
    Sponsor Date Location Format
    Appraisal Institute On Demand Online View Details Register
    Tennessee Chapter June 17-20, 2024 NASHVILLE, TN Classroom View Details Register
    Appraisal Institute October 1-11, 2024 Synchronous View Details Register
    Appraisal Institute December 2-12, 2024 Synchronous View Details Register
    Event Information

    Location:
    This course will be held via live interactive classroom technology. See below for important participation requirements.

    State Credit:
    A course may NOT be approved in every state for every delivery format. For example, some states do NOT allow any virtual education. When registering for any Appraisal Institute course, all participants will be required to check state approvals based on delivery format. For more information, see our state approvals page .

    Class Schedule:
    Class begins each day at 10:00AM Central time (8:00AM Pacific, 9:00AM Mountain, 11:00AM Eastern). Each class runs for three hours and forty-five minutes (3.75) each day with at least two breaks during that time. The course runs for eight (8) half-days. Times shown are U.S. Central (Chicago) time.

    Day 1: Tuesday, June 18, 10:00 am - 1:45 pm
    Day 2: Wednesday, June 19, 10:00 am - 1:45 pm
    Day 3: Thursday, June 20, 10:00 am - 1:45 pm

    Day 4: Friday, June 21, 10:00 am - 1:45 pm

    (No class on Saturday, Sunday or Monday)
    Day 5: Tuesday, June 25, 10:00 am - 1:45 pm
    Day 6: Wednesday, June 26, 10:00 am - 1:45 pm
    Day 7: Thursday, June 27, 10:00 am - 1:45 pm

    Day 8: Friday, June 28, 10:00 am - 1:45 pm

    AI National Synchronous Participation Requirements:
    • All students are required to have a computer, webcam, and microphone capability to participate and receive continuing or qualifying education credit where approved. It is the student’s responsibility to have the required equipment to participate and receive credit. Visit the System Requirements for Attendees and Share Webcam pages for help.

    • All students are required to keep their webcam on at all times while class is in session. Attendance will be monitored throughout the day through webcams and polling. A photo ID must be presented during roll call at the beginning of class on the first day.

    • The instructor must be able to interact with all students. Instructors and administrators will direct questions to each student in the morning and afternoon to which students must respond. Students must be in a location that allows for their full attention and interaction at all times.

    For questions regarding these classroom participation requirements, contact the Appraisal Institute at sync@appraisalinstitute.org or call (312) 335-4473.


    Connection Information:
    Several minutes after you receive your Appraisal Institute receipt email, you will receive a second email from GoToTraining which will include instructions on connecting to the live session and a link to a small download of the GoToTraining software. The software runs on almost all operating systems and popular browsers. Connection email reminders are re-sent 1 week, 1 day, and 1 hour prior to the live session start time. If you do not receive the connection information, please check your junk, spam, or quarantine folders. For questions, please email sync@appraisalinstitute.org or call (312) 335-4473.

    Download Course Materials:
    Log onto your AI Account at www.appraisalinstitute.org with the username and password you used when you registered. Click on “Education and Events” located on the right navigation menu. On the My Events page, find the course under the “Classroom Offerings/Synchronous Offerings/Conferences” heading and click the "View" button. Scroll down to the “Download Course Materials” section and click on each link to download the course materials.