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    Basic Appraisal Procedures

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    images-of-a-property-manager-conducting-routine-inspection
    Date
    March 23 - April 2, 2026
    Time
    4:30pm - 8:00pm (CST)
    Sponsor
    Appraisal Institute
    Location
    Appraisal Institute - Synchronous (Live Online)
    Instructor
    Lisa M. Meinczinger-Gulden, SRA, AI-RRS
    Class Time
    28 hours
    Exam Time
    2 Hours
    Full Price
    $480.00
    AI Price
    $405.00
    Enroll by March 22!
    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.

    discounted online packages
    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 Start Date Expire Date State Code
    AK CE 28 28 Synchronous 11/24/2025 06/12/2026 19768
    AK QE 30 28 2 Synchronous 11/24/2025 06/12/2026 19768
    AL CE 28 28 Synchronous 11/24/2025 09/30/2026 C02670
    AL QE 30 28 2 Synchronous 11/24/2025 09/30/2026 CO2670
    AR CE 30 28 2 Synchronous 11/24/2025 06/12/2026 AI030
    AR QE 30 28 2 Synchronous 11/24/2025 06/12/2026 AI030
    AZ CE 30 28 2 Synchronous 06/12/2023 06/12/2029 76957, 74325
    AZ QE 30 28 2 Synchronous 06/23/2023 06/12/2029 76957, 74325
    CA CE 28 28 Synchronous 11/24/2025 03/09/2028 20CP754601423
    CA QE 30 28 2 Synchronous 11/24/2025 03/09/2028 20CP754601423
    CO CE 30 28 2 Synchronous 11/24/2025 06/12/2026 2405
    CO QE 30 28 2 Synchronous 11/24/2025 06/12/2026 2405
    CT CE 18 18 Synchronous 11/24/2025 06/12/2026 AAL.001431
    CT QE 30 28 2 Synchronous 11/24/2025 06/12/2026 APR.000324
    DC CE 30 28 2 Synchronous 11/24/2025 02/28/2026 4079
    DC QE 30 28 2 Synchronous 11/24/2025 02/28/2026 4079
    DE CE 30 28 2 Synchronous 06/12/2023 06/12/2029 76957, 74325
    DE QE 30 28 2 Synchronous 06/23/2023 06/12/2029 76957, 74325
    FL CE 20 20 Synchronous 11/24/2025 05/03/2027 0010544
    FL QE 30 28 2 Synchronous 10/30/2025 10/29/2027 0010955
    GA CE 28 28 Synchronous 11/24/2025 06/12/2026 40922
    GA QE 30 28 2 Synchronous 11/24/2025 06/12/2026 40921
    HI CE 30 28 2 Synchronous 11/24/2025 06/12/2026 23-410
    HI CE 28 28 Synchronous 11/24/2025 06/12/2026 23-410
    HI QE 30 28 2 Synchronous 11/24/2025 06/12/2026 23-410
    IA CE 30 28 2 Synchronous 11/24/2025 05/28/2026 A518-1113
    IA CE 28 28 Synchronous 11/24/2025 05/28/2026 A518-1112
    IA QE 30 28 2 Synchronous 11/24/2025 05/28/2026 A518-1114
    ID CE 30 28 2 Synchronous 11/24/2025 06/12/2026 21446
    ID QE 30 28 2 Synchronous 11/24/2025 06/12/2026 21446
    IL QE 30 28 2 Synchronous 11/24/2025 12/31/2026 573.000382
    IN CE 30 28 2 Synchronous 06/12/2023 06/12/2029 76957, 74325
    IN QE 30 28 2 Synchronous 06/23/2023 06/12/2029 76957, 74325
    KS CE 28 28 Synchronous 01/01/2026 12/31/2026 C119-24
    KS QE 30 28 2 Synchronous 01/01/2026 12/31/2026 Q119-18
    KY CE 30 28 2 Synchronous 11/24/2025 06/30/2026
    KY QE 30 28 2 Synchronous 11/24/2025 06/30/2026
    LA CE 28 28 Synchronous 11/24/2025 06/12/2026 A0425
    LA QE 30 28 2 Synchronous 11/24/2025 06/12/2026 A0424
    MA CE 30 28 2 Synchronous 11/24/2025 06/12/2026 10051184
    MA QE 30 28 2 Synchronous 11/24/2025 06/12/2026 10051050
    MD CE 30 28 2 Synchronous 06/12/2023 06/12/2029 76957, 74325
    MD QE 30 28 2 Synchronous 06/23/2023 06/12/2029 76957, 74325
    ME CE 30 28 2 Synchronous 06/12/2023 06/12/2029 76957, 74325
    ME QE 30 28 2 Synchronous 06/23/2023 06/12/2029 76957, 74325
    MI CE 30 28 2 Synchronous 11/24/2025 09/05/2026 20 - 1103234
    MI QE 30 28 2 Synchronous 11/24/2025 03/12/2027 20-1179834
    MN CE 30 28 2 Synchronous 11/24/2025 07/31/2026
    MN QE 30 28 2 Synchronous 11/24/2025 07/31/2026
    MO CE 28 28 Synchronous 11/24/2025 06/12/2026
    MO QE 30 28 2 Synchronous 11/24/2025 06/12/2026
    MS CE 28 28 Synchronous 11/24/2025 03/25/2026 MAB #49108
    MS QE 30 28 2 Synchronous 11/24/2025 03/25/2026 MAB #49108
    MT CE 28 28 Synchronous 11/24/2025 05/28/2026 REA-CEC-REC-17192
    MT QE 30 28 2 Synchronous 11/24/2025 05/28/2026 REA-CEC-REC-17192
    NC QE 30 28 2 Synchronous 01/01/2026 12/31/2026
    ND CE 30 28 2 Synchronous 06/12/2023 06/12/2029 76957, 74325
    ND QE 30 28 2 Synchronous 06/23/2023 06/12/2029 76957, 74325
    NE QE 30 28 2 Synchronous 06/23/2023 06/12/2026 1202435.02
    NH CE 28 28 Synchronous 11/24/2025 06/12/2026
    NH QE 30 28 2 Synchronous 11/24/2025 06/12/2026
    NJ CE 28 28 Synchronous 11/24/2025 06/12/2026 2024-3003
    NJ QE 30 28 2 Synchronous 11/24/2025 06/12/2026 2024-3003
    NM CE 28 28 Synchronous 11/24/2025 05/28/2026 4253
    NM QE 30 28 2 Synchronous 11/24/2025 05/28/2026 4253
    NV CE 28 28 Synchronous 11/24/2025 10/31/2026 CE.0009604-A
    NY QE 30 28 2 Synchronous 11/24/2025 09/30/2026 Q0204-R6
    OH QE 30 28 2 Synchronous 06/23/2023 06/12/2029 76957, 74325
    OK CE 30 28 2 Synchronous 11/24/2025 06/12/2026 773
    OK QE 30 28 2 Synchronous 11/24/2025 06/12/2026 602
    OR CE 30 28 2 Synchronous 11/24/2025 06/12/2026 APIN-Q-1223-9016
    OR QE 30 28 2 Synchronous 11/24/2025 06/12/2026 APIN-Q-1223-9016
    PA CE 30 28 2 Synchronous 11/24/2025 06/12/2026
    PA QE 30 28 2 Synchronous 11/24/2025 06/12/2026
    PR CE 30 28 2 Synchronous 06/12/2023 06/12/2029 76957, 74325
    PR QE 30 28 2 Synchronous 06/23/2023 06/12/2029 76957, 74325
    RI CE 28 28 Synchronous 11/24/2025 06/12/2026 REA.0002130-CE
    RI QE 30 28 2 Synchronous 11/24/2025 06/12/2026 REA.0002130-CE
    SC CE 30 28 2 Synchronous 11/24/2025 08/31/2026 AC . 771
    SC QE 30 28 2 Synchronous 11/24/2025 08/31/2026 AC . 771, QE2771
    SD CE 30 28 2 Synchronous 11/24/2025 06/12/2026 SD 367
    SD QE 30 28 2 Synchronous 11/24/2025 06/12/2026 SD 367
    TN CE 28 28 Synchronous 11/24/2025 07/31/2026 837
    TN QE 30 28 2 Synchronous 11/24/2025 07/31/2026 837
    TX CE 28 28 Synchronous 11/24/2025 06/12/2026 03165-ACE
    TX QE 30 28 2 Synchronous 11/24/2025 06/12/2026 00695-AQC
    UT CE 28 28 Synchronous 11/24/2025 11/30/2027 AC241012, AC251140
    UT QE 30 28 2 Synchronous 11/25/2025 11/30/2027 AQ251155
    VA CE 30 28 2 Synchronous 06/12/2023 06/12/2029 76957, 74325
    VA QE 30 28 2 Synchronous 11/24/2025 11/30/2027 4006000950
    VT CE 28 28 Synchronous 11/24/2025 11/29/2027
    VT QE 30 28 2 Synchronous 11/24/2025 11/29/2027
    WA CE 30 28 2 Synchronous 11/24/2025 05/28/2026 A23007216
    WA QE 30 28 2 Synchronous 11/24/2025 05/28/2026 A23007216
    WI CE 30 28 2 Synchronous 06/12/2023 06/12/2029 76957, 74325
    WI QE 30 28 2 Synchronous 06/23/2023 06/12/2029 76957, 74325
    WV CE 28 28 Synchronous 11/24/2025 06/12/2026
    WV QE 30 28 2 Synchronous 11/24/2025 06/12/2026
    WY CE 30 28 2 Synchronous 12/29/2025 06/12/2026 2742
    WY QE 30 28 2 Synchronous 12/29/2025 06/12/2026 2742
    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:
    Table of Contents and Overview
    Course Schedule

    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.)
    • Student Handout (10 pp.)
    • Solutions Booklet (90 pp.)
    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

    Prerequisites
    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 03/22/2026
    $480.00 $405.00
    Have Exam Questions?
    Additional Course Offerings
    Sponsor Date Location Format
    Appraisal Institute On Demand Online View Details Register
    Chicago Chapter February 23-26, 2026 Chicago, IL Classroom View Details Register
    North Star Chapter March 2-5, 2026 Maple grove, MN Classroom View Details Register
    Event Information

    Class Schedule:
    Class begins each day at 4:30PM Central time (2:30PM Pacific, 3:30PM Mountain, 5:30PM Eastern). Each class runs for three and half hours (3.50) 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) All students must be 100% present for the class in order to receive credit. Partial credit will not be awarded. Anyone who isn’t present 100% receives no credit and is responsible for continuing the program on their own time.

    Day 1: Monday, March 23, 4:30pm - 8:00pm 
    Day 2: Tuesday, March 24, 4:30pm - 8:00pm
    Day 3: Wednesday, March 25, 4:30pm - 8:00pm
    Day 4: Thursday, March 26, 4:30pm - 8:00pm
    (No class on Friday, Saturday, or Sunday)
    Day 5: Monday, March 30, 4:30pm - 8:00pm
    Day 6: Tuesday, March 31, 4:30pm - 8:00pm
    Day 7: Wednesday, April 1, 4:30pm - 8:00pm
    Day 8: Thursday, April 2, 4:30pm - 8:00pm

     

     

    Exam:  
    You will have 90 days from the time that you complete the course to take the proctored exam, either online or at a testing center. You can schedule the exam within 48 business hours after the course has been marked for completion. Review your account for the “Schedule Your Exam” messaging. 

    Testing center locations in your area can be found by clicking on this link: www.pearsonvue.com/ai. For more information, visit our Exam FAQ page. 


    Download Course Materials:

    • Login to your AI Account at www.appraisalinstitute.org with the username and password you used when you registered.
    • Click on “Education and Events” located in the menu on the right-hand side.
    • 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.

    Location:
    This course will be held via live interactive classroom technology. See below 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.

    Participation Requirements: AI National Synchronous 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 always keep their webcam on with their entire face fully visible while class is in session. 
    • Attendance will be monitored throughout the day through webcams and polling. 
    • A photo ID must be uploaded to the offering page prior to the start date of the offering. Please refer to the Appraisal Institute Synchronous Resources for instructions on how to upload your ID. 
    • Any issues with the upload, please contact customerservice@appraisalinstitute.org or call (888) 756-4624.

    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 customerservice@appraisalinstitute.org or call (888) 756-4624.

    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 sent at specific intervals: 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 customerservice@appraisalinstitute.org or call (888) 756-4624

    Note: Work devices with strong VPNs or firewalls have trouble connecting to GTT systems. It is recommended to use your personal device or to reach out to your organization’s IT department for assistance prior to the first session.