- Date
- April 22-25, 2026
- Time
- 8:30AM - 5:00PM (EST)
- Sponsor
- Massachusetts Rhode Island and Maine Chapter
- Location
- Hyatt Place Boston Braintee
50 Forbes Road
Braintree, MA 02184
- Instructor
- Edward V. Bowler, MAI, SRA
- Class Time
- 27 hours
- Exam Time
- 3 Hours
- Full Price
- $510.00
- AI Price
- $460.00
Enroll by April 23!
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.
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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 | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|
| AK | CE | 20 | 27 | 3 | Classroom | 04/17/2024 | 04/11/2027 | 19919 |
| AK | QE | 33 | 30 | 3 | Classroom | 04/17/2024 | 04/11/2027 | 19919 |
| AL | CE | 27 | 27 | Classroom | 11/14/2024 | 09/30/2026 | C02672 | |
| AL | QE | 30 | 27 | 3 | Classroom | 11/14/2024 | 09/30/2026 | C02672 |
| AR | CE | 27 | 27 | Classroom | 04/11/2024 | 04/11/2026 | AI012 | |
| AR | CE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2026 | AI012 |
| AR | QE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2026 | AI012 |
| AZ | CE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 46455 |
| AZ | QE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 46455 |
| CA | CE | 27 | 27 | Classroom | 02/18/2025 | 01/28/2029 | 09754129 | |
| CA | QE | 30 | 27 | 3 | Classroom | 02/18/2025 | 01/28/2029 | 09754129 |
| CO | CE | 30 | 27 | 3 | Classroom | 04/16/2024 | 04/16/2027 | 2617 |
| CO | QE | 30 | 27 | 3 | Classroom | 04/16/2024 | 04/16/2027 | 2617 |
| CT | CE | 18 | 18 | Classroom | 05/08/2024 | 04/11/2027 | AAL.001222 | |
| CT | QE | 30 | 27 | 3 | Classroom | 05/08/2024 | 04/11/2027 | APR.000339 |
| DC | CE | 30 | 27 | 3 | Classroom | 02/29/2024 | 02/28/2028 | 3003 |
| DC | QE | 30 | 27 | 3 | Classroom | 02/29/2024 | 02/28/2028 | 3003 |
| DE | CE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 46455 |
| DE | QE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 46455 |
| FL | CE | 20 | 20 | Classroom | 03/31/2023 | 03/30/2027 | 0008595 | |
| FL | QE | 30 | 27 | 3 | Classroom | 03/31/2023 | 03/30/2027 | 0008595 |
| GA | CE | 27 | 27 | Classroom | 03/28/2024 | 04/11/2027 | 77565 | |
| GA | CE | 30 | 27 | 3 | Classroom | 03/28/2024 | 04/11/2027 | 77565 |
| GA | QE | 30 | 27 | 3 | Classroom | 03/28/2024 | 04/11/2027 | 77565 |
| HI | CE | 27 | 27 | Classroom | 02/01/2025 | 04/11/2027 | 24-213 | |
| HI | QE | 30 | 27 | 3 | Classroom | 02/01/2025 | 04/11/2027 | 24-213 |
| IA | CE | 27 | 27 | Classroom | 07/02/2024 | 04/11/2027 | A518-2232 | |
| IA | CE | 30 | 27 | 3 | Classroom | 07/02/2024 | 04/11/2027 | A518-2233 |
| IA | QE | 30 | 27 | 3 | Classroom | 07/02/2024 | 04/11/2027 | A518-2234 |
| IL | CE | 27 | 27 | Classroom | 01/01/2025 | 12/31/2026 | 575.001431 | |
| IL | QE | 30 | 27 | 3 | Classroom | 01/01/2025 | 12/31/2026 | 573.000528 |
| IN | CE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 46455 |
| IN | QE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 46455 |
| KS | CE | 27 | 27 | Classroom | 01/01/2026 | 12/31/2026 | C119-42 | |
| KS | QE | 30 | 27 | 3 | Classroom | 01/01/2026 | 12/31/2026 | Q119-21 |
| KY | CE | 27 | 27 | Classroom | 05/31/2025 | 06/30/2026 | ||
| KY | CE | 30 | 27 | 3 | Classroom | 05/31/2025 | 06/30/2026 | |
| KY | QE | 30 | 27 | 3 | Classroom | 05/31/2025 | 06/30/2026 | |
| LA | CE | 27 | 27 | Classroom | 11/05/2025 | 04/11/2027 | A0427 | |
| LA | QE | 30 | 27 | 3 | Classroom | 11/05/2025 | 04/11/2027 | A0426 |
| MA | CE | 27 | 27 | Classroom | 04/25/2024 | 04/11/2027 | 10051185 | |
| MA | QE | 30 | 27 | 3 | Classroom | 04/25/2024 | 04/11/2027 | 10051170 |
| MD | CE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 46455 |
| MD | QE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 46455 |
| ME | CE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 46455 |
| ME | QE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 46455 |
| MI | CE | 27 | 27 | Classroom | 09/09/2025 | 09/09/2028 | 20-1327675 | |
| MI | QE | 30 | 27 | 3 | Classroom | 09/09/2025 | 09/30/2028 | 20-1327661 |
| MN | CE | 27 | 27 | Classroom | 12/15/2025 | 12/31/2027 | 1040177 | |
| MN | CE | 30 | 27 | 3 | Classroom | 12/15/2025 | 12/31/2027 | 1040176 |
| MN | QE | 30 | 27 | 3 | Classroom | 12/15/2025 | 12/31/2027 | 1040175 |
| MO | CE | 27 | 27 | Classroom | 03/28/2024 | 06/30/2026 | ||
| MO | QE | 30 | 27 | 3 | Classroom | 04/18/2024 | 06/30/2026 | |
| MS | CE | 30 | 27 | 3 | Classroom | 04/24/2025 | 04/11/2027 | MAB #50661 |
| MS | QE | 30 | 27 | 3 | Classroom | 04/24/2025 | 04/11/2027 | MAB #50661 |
| MT | CE | 30 | 27 | 3 | Classroom | 08/15/2024 | 04/11/2027 | REA-CEC-REC- 18071 |
| MT | QE | 30 | 27 | 3 | Classroom | 08/15/2024 | 04/11/2027 | REA-CEC-REC- 18071 |
| NC | QE | 30 | 27 | 3 | Classroom | 01/01/2026 | 12/31/2026 | |
| ND | CE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 46455 |
| ND | QE | 30 | 27 | 3 | Classroom | 03/18/2009 | 04/11/2027 | QE-2901, 46455 |
| NE | QE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 1151401.02 |
| NH | CE | 27 | 27 | Classroom | 04/11/2024 | 04/11/2027 | ||
| NH | QE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | |
| NJ | CE | 27 | 27 | Classroom | 01/15/2025 | 01/25/2027 | 2025-3002 | |
| NJ | QE | 30 | 27 | 3 | Classroom | 01/15/2025 | 01/25/2027 | 2025-3002 |
| NM | CE | 30 | 27 | 3 | Classroom | 04/25/2024 | 04/11/2027 | 4419 |
| NM | QE | 30 | 27 | 3 | Classroom | 04/25/2024 | 04/11/2027 | 4419 |
| NV | CE | 27 | 27 | Classroom | 10/10/2025 | 10/31/2026 | CE.0009596-A | |
| NY | QE | 30 | 27 | 3 | Classroom | 10/01/2025 | 09/30/2026 | Q0214-G7 |
| OH | CE | 27 | 27 | Classroom | 01/01/2026 | 12/31/2026 | 084602803A 25 | |
| OH | QE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 46455 |
| OK | CE | 27 | 27 | Classroom | 04/12/2024 | 04/11/2027 | 718 | |
| OK | QE | 30 | 27 | 3 | Classroom | 04/12/2024 | 04/11/2027 | 660 |
| OR | CE | 27 | 27 | Classroom | 04/16/2024 | 04/11/2027 | APIN-Q-0424-9029 | |
| OR | CE | 30 | 27 | 3 | Classroom | 04/16/2024 | 04/11/2027 | APIN-Q-0424-9029 |
| OR | QE | 30 | 27 | 3 | Classroom | 04/16/2024 | 04/11/2027 | APIN-Q-0424-9029 |
| PA | CE | 28 | 28 | Classroom | 05/09/2024 | 04/11/2027 | ||
| PA | QE | 30 | 28 | 2 | Classroom | 05/09/2024 | 04/11/2027 | |
| PR | CE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 46455 |
| PR | QE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 46455 |
| RI | CE | 27 | 27 | Classroom | 05/14/2025 | 04/11/2027 | REA.0002379-CE | |
| RI | QE | 30 | 27 | 3 | Classroom | 05/14/2025 | 04/11/2027 | REA.0002379-CE |
| SC | CE | 30 | 27 | 3 | Classroom | 09/01/2024 | 08/31/2026 | AC . 768 |
| SC | QE | 30 | 27 | 3 | Classroom | 09/01/2024 | 08/31/2026 | AC . 768, QE13768 |
| SD | CE | 30 | 27 | 3 | Classroom | 03/25/2025 | 04/11/2027 | SD 716 |
| SD | QE | 30 | 27 | 3 | Classroom | 03/25/2025 | 04/11/2027 | SD 716 |
| TN | CE | 27 | 27 | Classroom | 05/01/2025 | 04/30/2027 | 1285 | |
| TN | QE | 30 | 27 | 3 | Classroom | 05/01/2025 | 04/30/2027 | 1285 |
| TX | CE | 27 | 27 | Classroom | 05/22/2025 | 02/22/2027 | 03127-ACE | |
| TX | QE | 30 | 27 | 3 | Classroom | 05/10/2024 | 04/11/2027 | 00676-AQC |
| UT | CE | 27 | 27 | Classroom | 11/25/2025 | 11/30/2027 | AC251137 | |
| UT | QE | 30 | 27 | 3 | Classroom | 11/24/2025 | 11/30/2027 | AQ251129 |
| VA | CE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 46455 |
| VA | QE | 30 | 27 | 3 | Classroom | 07/07/2025 | 07/31/2027 | 4006000931 |
| VT | CE | 27 | 27 | Classroom | 05/28/2024 | 05/28/2028 | CA-234769 | |
| VT | QE | 30 | 27 | 3 | Classroom | 05/28/2024 | 05/28/2028 | CA-234770 |
| WA | CE | 27 | 27 | Classroom | 04/18/2024 | 04/11/2027 | A24008908 | |
| WA | QE | 30 | 27 | 3 | Classroom | 04/18/2024 | 04/11/2027 | A24008908 |
| WI | CE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 46455 |
| WI | QE | 30 | 27 | 3 | Classroom | 04/11/2024 | 04/11/2027 | 46455 |
| WV | CE | 27 | 27 | Classroom | 04/12/2024 | 04/12/2027 | ||
| WV | QE | 30 | 27 | 3 | Classroom | 04/12/2024 | 04/12/2027 | |
| WY | CE | 30 | 27 | 3 | Classroom | 03/28/2024 | 04/27/2027 | 63 |
| WY | QE | 30 | 27 | 3 | Classroom | 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:
Table of Contents and Overview
Course Schedule
Assignments:
No
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 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 (488 pp.)
- Solutions Booklet / Self-Study Problems (390 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 specified
Prerequisites
Course Materials & Recommended Books
Pricing Options
| Rate | Full Price | AI Price |
|---|---|---|
| Standard
Today thru 04/23/2026 |
$510.00 | $460.00 |
Have Exam Questions?
Additional Course Offerings
| Sponsor | Date | Location | Format | ||
|---|---|---|---|---|---|
| Appraisal Institute | On Demand | Online | View Details | Register | |
| Appraisal Institute | March 2-12, 2026 | Synchronous | View Details | Register | |
| Bluegrass Chapter | March 16-19, 2026 | Louisville, KY | Classroom | View Details | Register |
| Greater St. Louis Chapter | April 7-10, 2026 | St Louis, MO | Classroom | View Details | Register |
| Chicago Chapter | August 17-20, 2026 | Rockford, IL | Classroom | View Details | Register |
| Southern California Chapter | September 14-17, 2026 | Santa Ana, CA | Classroom | View Details | Register |
Event Information
Course Location/Schedule:
Hyatt Place, 50 Forbes Road, Braintree, MA
Check-in: 8:00 am on April 25, 2025
Classroom Hours: 8:30 am - 5:00 pm unless other stated by the instructor
Course Attendance: One hundred percent (100%) attendance is required for all Appraisal Institute education programs. Credit and a course completion certificate can only be issued by attending 100% of the course. Please plan accordingly and be on time as late arrival or leaving early could jeopardize your receiving a certificate of attendance.
Course Materials/Breaks: A downloaded copy of materials is included in tuition.