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    General Appraiser Income Approach/Part 1

    More Info Register
    July 28 - August 7, 2025
    Date
    July 28 - August 7, 2025
    Time
    10:00am - 1:30pm (CST)
    Sponsor
    Appraisal Institute
    Location
    Appraisal Institute - Synchronous (Live Online)
    Instructor
    Stephen S. Wagner, MAI, SRA, AI-GRS, AI-RRS
    Class Time
    27 hours
    Exam Time
    3 Hours
    Full Price
    $595.00
    AI Price
    $490.00
    Enroll by July 27!
    View Pricing Options
    Course Description
    After a brief review and introduction, General Appraiser Income Approach/Part 1 opens with a graphic treatment of the time value of money, the six financial functions of a dollar, and important associated concepts. A thorough, detailed analysis of gross income including leases and the various expenses appropriately deducted from gross income follows, with realistic case studies of several income property types. Direct capitalization is then presented using overall capitalization rates, band of investment, and residual techniques. Substantial class time is devoted to practicing the taught concepts to prepare participants for the exam.

    discounted online packages
    Who Should Enroll
    • Those seeking general real property appraiser certification    
    • Underwriters    
    • Lenders    
    • Assessors    
    AI CE Points
    Attend:
    175
    Attend & Pass Exam:
    225
    Pass Only:
    200
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 30 27 3 Synchronous Livestream 07/20/2024 04/11/2027 19919
    AK QE 30 27 3 Synchronous Livestream 07/20/2024 04/11/2027 19919
    AL CE 27 27 Synchronous Livestream 11/14/2024 09/30/2026 C02672
    AL QE 30 27 3 Synchronous Livestream 11/14/2024 09/30/2026 C02672
    AR CE 28 28 Synchronous Livestream 04/11/2024 04/11/2026 AI012
    AR QE 30 28 2 Synchronous Livestream 04/11/2024 04/11/2026 AI012
    AZ CE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027 46455
    AZ QE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027 46455
    CA CE 27 27 Synchronous Livestream 02/18/2025 01/28/2029 09754129
    CA QE 30 27 3 Synchronous Livestream 02/18/2025 01/28/2029 09754129
    CO CE 30 27 3 Synchronous Livestream 04/16/2024 04/16/2027 2617
    CO QE 30 27 3 Synchronous Livestream 04/16/2024 04/16/2027 2617
    CT CE 18 18 Synchronous Livestream 05/08/2024 04/11/2027 AAL.001222
    CT QE 30 27 3 Synchronous Livestream 05/08/2024 04/11/2027 APR.000339
    DC CE 30 27 3 Synchronous Livestream 02/29/2024 02/28/2026 3003
    DC QE 30 27 3 Synchronous Livestream 02/29/2024 02/28/2026 3003
    DE CE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027 46455
    DE QE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027 46455
    GA CE 30 27 3 Synchronous Livestream 03/28/2024 04/11/2027 77565
    GA QE 30 27 3 Synchronous Livestream 03/28/2024 04/11/2027 77565
    HI CE 27 27 Synchronous Livestream 02/01/2025 04/11/2027 24-204
    HI QE 30 27 3 Synchronous Livestream 02/01/2025 04/11/2027 24-204
    IA CE 27 27 Synchronous Livestream 07/02/2024 04/11/2027 A518-2232
    IA CE 30 27 3 Synchronous Livestream 07/02/2024 04/11/2027 A518-2233
    IA QE 30 27 3 Synchronous Livestream 07/02/2024 04/11/2027 A518-2234
    IL CE 27 27 Synchronous Livestream 01/01/2025 12/31/2026 575.001431
    IL QE 30 27 3 Synchronous Livestream 01/01/2025 12/31/2026 573.000528
    IN CE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027 46455
    IN QE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027 46455
    KS CE 27 27 Synchronous Livestream 01/01/2025 12/31/2025 462.C25.R
    KS QE 30 27 3 Synchronous Livestream 01/01/2025 12/31/2025 461.P25.R
    KY CE 27 27 Synchronous Livestream 05/31/2025 06/30/2026
    KY CE 30 27 3 Synchronous Livestream 05/31/2025 06/30/2026
    KY QE 30 27 3 Synchronous Livestream 05/31/2025 06/30/2026
    LA CE 27 27 Synchronous Livestream 03/28/2024 04/11/2027 A0110
    LA QE 30 28 2 Synchronous Livestream 03/28/2024 04/11/2027 A0110
    MA CE 27 27 Synchronous Livestream 04/25/2024 04/11/2027 10051185
    MA QE 30 27 3 Synchronous Livestream 04/25/2024 04/11/2027 10051170
    MD CE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027 46455
    MD QE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027 46455
    ME CE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027 46455
    ME QE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027 46455
    MI CE 27 27 Synchronous Livestream 09/14/2022 09/14/2025 1040
    MI QE 30 27 3 Synchronous Livestream 09/14/2022 09/14/2025 1040
    MO CE 27 27 Synchronous Livestream 03/28/2024 06/30/2026
    MS CE 30 27 3 Synchronous Livestream 04/24/2025 04/11/2027 MAB #50661
    MS QE 30 27 3 Synchronous Livestream 04/24/2025 04/11/2027 MAB #50661
    MT CE 30 27 3 Synchronous Livestream 08/15/2024 04/11/2027 REA-CEC-REC- 18071
    MT QE 30 27 3 Synchronous Livestream 08/15/2024 04/11/2027 REA-CEC-REC- 18071
    NC CE 27 27 Synchronous Livestream 01/01/2025 12/31/2025
    NC QE 30 27 3 Synchronous Livestream 01/01/2025 12/31/2025
    ND CE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027 46455
    ND QE 30 27 3 Synchronous Livestream 01/01/2022 04/11/2027 QE-2901, 46455
    NE QE 30 27 3 Synchronous Livestream 04/11/2024 1243459.02
    NH CE 27 27 Synchronous Livestream 04/11/2024 04/11/2027
    NH QE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027
    NJ CE 27 27 Synchronous Livestream 01/15/2025 01/25/2027 2025-3002
    NJ QE 30 27 3 Synchronous Livestream 01/15/2025 01/25/2027 2025-3002
    NM CE 30 27 3 Synchronous Livestream 04/25/2024 04/11/2027 4419
    NM QE 30 27 3 Synchronous Livestream 04/25/2024 04/11/2027 4419
    NV CE 27 27 Synchronous Livestream 11/04/2024 10/31/2025 CE.0009596-A
    NY QE 30 27 3 Synchronous Livestream 10/01/2024 09/30/2025 Q0214-G7
    OH CE 27 27 Synchronous Livestream 01/01/2025 12/31/2025 084503703A 25
    OH QE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027 46455
    OK CE 27 27 Synchronous Livestream 04/12/2024 04/11/2027 718
    OK QE 30 27 3 Synchronous Livestream 04/12/2024 04/11/2027 660
    OR CE 27 27 Synchronous Livestream 04/16/2024 04/11/2027 APIN-Q-0424-9029
    OR CE 30 27 3 Synchronous Livestream 04/16/2024 04/11/2027 APIN-Q-0424-9029
    OR QE 30 27 3 Synchronous Livestream 04/16/2024 04/11/2027 APIN-Q-0424-9029
    PA CE 28 28 Synchronous Livestream 05/09/2024 04/11/2027
    PA QE 30 28 2 Synchronous Livestream 05/09/2024 04/11/2027
    PR CE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027 46455
    PR QE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027 46455
    RI CE 27 27 Synchronous Livestream 05/14/2025 04/11/2027 REA.0002379-CE
    RI QE 30 27 3 Synchronous Livestream 05/14/2025 04/11/2027 REA.0002379-CE
    SC CE 30 27 3 Synchronous Synchronous 09/01/2024 08/31/2026 AC . 768
    SC QE 30 27 3 Synchronous Synchronous 09/01/2024 08/31/2026 AC . 768
    SC QE 30 27 3 Synchronous Livestream 09/01/2024 08/31/2026 QE13768
    SD CE 30 27 3 Synchronous Livestream 03/25/2025 04/11/2027 SD 716
    SD QE 30 27 3 Synchronous Livestream 03/25/2025 04/11/2027 SD 716
    TN CE 27 27 Synchronous Livestream 05/01/2025 04/30/2027 1285
    TN QE 30 27 3 Synchronous Livestream 05/01/2025 04/30/2027 1285
    TX CE 27 27 Synchronous Livestream 05/22/2025 02/22/2027 45533
    TX QE 30 27 3 Synchronous Livestream 05/10/2024 04/11/2027 TX Provider #:8038 Course # 49335
    UT CE 27 27 Synchronous Livestream 12/01/2023 11/30/2025 AC231107
    UT QE 30 27 3 Synchronous Livestream 08/01/2023 08/31/2025 AQ230832
    VA CE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027 46455
    VT CE 27 27 Synchronous Livestream 05/28/2024 05/28/2028 CA-234769
    VT QE 30 27 3 Synchronous Livestream 05/28/2024 05/28/2028 CA-234770
    WA CE 27 27 Synchronous Livestream 04/18/2024 04/11/2027 A24008908
    WA QE 30 27 3 Synchronous Livestream 04/18/2024 04/11/2027 A24008908
    WI CE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027 46455
    WI QE 30 27 3 Synchronous Livestream 04/11/2024 04/11/2027 46455
    WV CE 27 27 Synchronous Livestream 04/12/2024 04/12/2027
    WV QE 30 27 3 Synchronous Livestream 04/12/2024 04/12/2027
    WY CE 27 27 Synchronous Livestream 03/28/2024 04/27/2027 63
    WY QE 30 27 3 Synchronous Livestream 03/28/2024 04/27/2027 63
    Course Objectives
    • Expand competencies in performing income and expense analysis.    
    • Gain a foundation in direct capitalization techniques and applications.    
    • Extract and apply rates from the market.    
    • Identify fundamentals of risk and investment analysis.    
    • Expand competency in compound interest theory and calculations.    
    • Forecast revenues.    
    • Estimate expenses.    
    • Value partial interests.
    Course Details

    Program Overview:

    Online Syllabus

    Assignments:
    No

    Equipment:

    Additional Course Offerings
    Sponsor Date Location Format
    Hoosier State Chapter June 24-27, 2025 Indianapolis, IN Classroom View Details Register
    Appraisal Institute On Demand Online View Details Register
    Appraisal Institute July 28 - August 7, 2025 Synchronous View Details Register
    Metropolitan New York Chapter September 8-17, 2025 New York, NY Classroom View Details Register
    Chicago Chapter October 6-9, 2025 Chicago, IL Classroom View Details Register
    North Star Chapter December 2-5, 2025 Maple Grove, MN Classroom View Details Register
    Event Information

    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 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, July 28, 10:00 am - 1:30 pm
    Day 2: Tuesday, July 29, 10:00 am - 1:30 pm
    Day 3: Wednesday, July 30, 10:00 am - 1:30 pm
    Day 4: Thursday, July 31, 10:00 am - 1:30 pm
    (No class on Friday, Saturday, or Sunday)
    Day 5: Monday, August 4, 10:00 am - 1:30 pm
    Day 6: Tuesday, August 5, 10:00 am - 1:30 pm
    Day 7: Wednesday, August 6, 10:00 am - 1:30 pm
    Day 8: Thursday, August 7, 10:00 am - 1:30 pm

     

     

    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.