- Date
- October 21-24, 2025
- Time
- 8:30AM - 4:30PM (CST)
- Sponsor
- Chicago Chapter
- Location
- DePaul University - Loop Campus
1 E. Jackson
Room 8206
Chicago, IL 60614
- Instructor
- John H. Urubek, MAI, AI-GRS
- Class Time
- 27 hours
- Exam Time
- 3 Hours
- Full Price
- $550.00
- AI Price
- $525.00
Course Description
Who Should Enroll
- Those seeking general real property appraiser certification
- Underwriters
- Lenders
- Assessors
AI CE Points
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 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 19926 |
AK | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 19926 |
AR | CE | 27 | 27 | Classroom | Classroom | 05/07/2024 | 04/16/2026 | AI013 | |
AR | QE | 30 | 27 | 3 | Classroom | Classroom | 05/07/2024 | 04/16/2026 | AI013 |
AZ | CE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 46456 |
AZ | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 46456 |
CA | CE | 27 | 27 | Classroom | Classroom | 01/29/2021 | 01/28/2025 | 09754130 | |
CA | QE | 30 | 27 | 3 | Classroom | Classroom | 01/29/2021 | 01/28/2025 | 09754130 |
CO | CE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/16/2027 | 2618 |
CO | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/16/2027 | 2618 |
CT | CE | 18 | 18 | Classroom | Classroom | 01/04/2024 | 11/15/2024 | AAL.000850 | |
CT | QE | 30 | 27 | 3 | Classroom | Classroom | 05/08/2024 | 04/11/2027 | APR.000342 |
DC | CE | 30 | 27 | 3 | Classroom | Classroom | 04/19/2023 | 02/28/2026 | 6113 |
DC | CE | 27 | 27 | Classroom | Classroom | 02/29/2024 | 02/28/2026 | 6113 | |
DC | QE | 30 | 27 | 3 | Classroom | Classroom | 04/19/2023 | 02/28/2026 | 3004 |
DE | CE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 46456 |
DE | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 46456 |
FL | CE | 20 | 20 | Classroom | Classroom | 03/31/2023 | 04/27/2025 | 0008627 | |
FL | QE | 30 | 27 | 3 | Classroom | Classroom | 03/31/2023 | 03/30/2025 | 0008596 |
GA | CE | 27 | 27 | Classroom | Classroom | 04/23/2009 | 51430 | ||
GA | CE | 30 | 27 | 3 | Classroom | Classroom | 04/22/2009 | 58530 | |
GA | QE | 30 | 27 | 3 | Classroom | Classroom | 04/22/2009 | 58530 | |
HI | CE | 30 | 28 | 2 | Classroom | Classroom | 04/23/2024 | 12/31/2024 | 23-341 |
HI | CE | 27 | 27 | Classroom | Classroom | 04/23/2024 | 12/31/2024 | 23-341 | |
HI | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 12/31/2024 | 23-341 |
IA | CE | 27 | 27 | Classroom | Classroom | 06/13/2024 | 04/11/2027 | A518-2229 | |
IA | CE | 30 | 27 | 3 | Classroom | Classroom | 06/13/2024 | 04/11/2027 | A518-2230 |
IA | QE | 30 | 27 | 3 | Classroom | Classroom | 06/13/2024 | 04/11/2027 | A518-2231 |
ID | CE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 06/18/2025 | |
ID | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 06/18/2025 | |
IL | CE | 27 | 27 | Classroom | Classroom | 01/01/2023 | 12/31/2024 | 575.001432 | |
IL | QE | 30 | 27 | 3 | Classroom | Classroom | 01/01/2023 | 12/31/2024 | 573.000529 |
IN | CE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 46456 |
IN | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 46456 |
KS | CE | 27 | 27 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 190.C24.R | |
KS | QE | 30 | 27 | 3 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 309.P24.R |
KY | CE | 27 | 27 | Classroom | Classroom | 07/01/2024 | 05/30/2025 | ||
KY | QE | 30 | 27 | 3 | Classroom | Classroom | 07/01/2024 | 05/30/2025 | |
LA | CE | 27 | 27 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | A0111 | |
LA | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | A0111 |
MA | CE | 27 | 27 | Classroom | Classroom | 04/25/2024 | 04/11/2027 | 10051186 | |
MA | QE | 30 | 27 | 3 | Classroom | Classroom | 04/25/2024 | 04/11/2027 | 10051171 |
MD | CE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 46456 |
MD | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 46456 |
ME | CE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 46456 |
ME | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 46456 |
MI | CE | 27 | 27 | Classroom | Classroom | 04/23/2024 | 04/16/2027 | 20-1197134 | |
MI | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/16/2027 | 20-1197068 |
MN | CE | 30 | 27 | 3 | Classroom | Classroom | 06/01/2023 | 05/31/2025 | 1002466 |
MN | CE | 27 | 27 | Classroom | Classroom | 06/01/2023 | 05/31/2025 | 1002467 | |
MN | QE | 30 | 27 | 3 | Classroom | Classroom | 06/01/2023 | 05/31/2025 | 1002465 |
MO | CE | 27 | 27 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | ||
MO | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | |
MS | CE | 27 | 27 | Classroom | Classroom | 04/23/2024 | 04/26/2026 | MAB #49216 | |
MS | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/26/2026 | MAB #49216 |
MT | CE | 27 | 27 | Classroom | Classroom | 07/15/2022 | 04/11/2027 | REA-CEC-REC- 15520, REA-CEC-REC-17971 | |
MT | QE | 30 | 27 | 3 | Classroom | Classroom | 07/15/2022 | 04/11/2027 | REA-CEC-REC- 15520, REA-CEC-REC-17971 |
NC | QE | 30 | 27 | 3 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | |
ND | QE | 30 | 27 | 3 | Classroom | Classroom | 08/25/2014 | QE-214007S | |
NE | QE | 30 | 27 | 3 | Classroom | Classroom | 01/22/2015 | 12/31/2026 | 1151402.02 |
NJ | CE | 27 | 27 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 2024-3016 | |
NJ | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 2024-3016 |
NM | CE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 4024 |
NM | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 4024 |
NY | CE | 27 | 27 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | A2971-27 | |
OH | CE | 27 | 27 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 084403304A 22 | |
OH | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 46456 |
OK | CE | 27 | 27 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 719 | |
OK | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 661 |
OR | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | APIN-Q-0424-9028 |
PA | CE | 27 | 27 | Classroom | Classroom | 05/30/2024 | 05/30/2027 | ||
PA | QE | 30 | 27 | 3 | Classroom | Classroom | 05/30/2024 | 05/30/2027 | |
PR | CE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 46456 |
PR | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 46456 |
RI | CE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | REA.0002188-CE |
RI | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | REA.0002188-CE |
SC | CE | 30 | 27 | 3 | Classroom | Classroom | 09/01/2024 | 08/31/2026 | AC . 768 |
SC | QE | 30 | 27 | 3 | Classroom | Classroom | 09/01/2024 | 08/31/2026 | QE13768, AC . 768 |
TN | CE | 27 | 27 | Classroom | Classroom | 05/01/2023 | 04/30/2025 | 1284 | |
TN | QE | 30 | 27 | 3 | Classroom | Classroom | 04/24/2023 | 04/30/2025 | 1284 |
TX | CE | 27 | 27 | Classroom | Classroom | 04/24/2024 | 03/31/2026 | TX Provider #:10 Course #:48435 | |
TX | QE | 30 | 27 | 3 | Classroom | Classroom | 04/24/2024 | 04/11/2027 | TX Provider #: 8038 Course #:49510 |
UT | CE | 27 | 27 | Classroom | Classroom | 12/01/2023 | 11/30/2025 | AC231117 | |
UT | QE | 30 | 27 | 3 | Classroom | Classroom | 12/01/2023 | 11/30/2025 | AQ231129 |
VA | CE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 46456 |
VT | CE | 27 | 27 | Classroom | Classroom | 05/23/2024 | 05/23/2028 | CA-245779 | |
VT | QE | 30 | 27 | 3 | Classroom | Classroom | 05/23/2024 | 05/23/2028 | CA-245780 |
WA | CE | 27 | 27 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | A24008910 | |
WA | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | A24008910 |
WI | CE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 46456 |
WI | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | 46456 |
WV | CE | 27 | 27 | Classroom | Classroom | 04/23/2024 | 04/11/2027 | ||
WV | QE | 30 | 27 | 3 | Classroom | Classroom | 04/23/2024 | 04/11/2027 |
Course Objectives
- Forecast incomes and expenses for a multiyear holding period.
- Forecast reversions for a multiyear holding period.
- Discount overall mortgage and equity cash flows to present value.
- Use yield capitalization formulas to calculate present value.
- Use data and sources to select and support risk-adjusted discount rates.
- Solve problems in lease analysis, risk and investment analysis, leverage, and subdivision analysis.
- 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 (489 pp.)
- Solutions Booklet and Self-Study Problems (396 pp.)
- Case Study Solutions (48 pp.)
- Symbols & Formulas (18 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 |
---|---|---|
Early-Bird
Today thru 10/01/2025 |
$550.00 | $525.00 |
Standard
10/01/2025 thru 10/21/2025 |
$575.00 | $550.00 |
Additional Course Offerings
Sponsor | Date | Location | Format | ||
---|---|---|---|---|---|
Appraisal Institute | On Demand | Online | View Details | Register | |
North Carolina Chapter | November 18-21, 2024 | Greensboro, NC | Classroom | View Details | Register |
Bluegrass Chapter | April 14-17, 2025 | Louisville, KY | Classroom | View Details | Register |
Event Information
This class is at DePaul University's Loop Campus at 1 E Jackson. Before 8:30 a.m., you need to enter through 333 S. State. Take the first left, and then find the elevators on the right. Take the elevator to the 8th floor.
Food will not be provided in this class. However, there are many options in the building for coffee and snacks.
The Chicago Chapter will not provide printed materials for this class. You are required to order the printed materials ahead of time. You are required to bring a laptop and your calculator to class.
The class is 8:30 am - 4:30 pm Mon-Thursday.
Need assistance paying for your classes with the Appraisal Institute? Before you register, consider applying for a scholarship thru the Chicago Chapter of AI or the AI Education and Relief Foundation.