- Date
- July 26 - August 5, 2027
- Time
- 1:30pm - 5:00pm (CST)
- Sponsor
- Appraisal Institute
- Location
- Appraisal Institute - Synchronous (Live Online)
- Instructor
- Diane Viggiano-Gavin, MAI, AI-GRS
- Class Time
- 27 hours
- Exam Time
- 3 Hours
- Full Price
- $595.00
- AI Price
- $490.00
Course Description
Who Should Enroll
AI CE Points
State Approvals
| State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|
| AK | CE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 05/10/2027 | 19943 |
| AK | QE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 05/10/2027 | 19943 |
| AL | CE | 27 | 27 | Synchronous | 09/10/2026 | 09/30/2028 | C03115 | |
| AL | CE | 30 | 27 | 3 | Synchronous | 09/10/2026 | 09/30/2028 | C03115 |
| AL | QE | 30 | 27 | 3 | Synchronous | 09/10/2026 | 09/30/2028 | C03115 |
| AR | CE | 27 | 27 | Synchronous | 09/15/2025 | 11/19/2027 | AI055 | |
| AR | QE | 30 | 27 | 3 | Synchronous | 09/15/2025 | 11/19/2027 | AI055 |
| AZ | CE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 68673 |
| AZ | QE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 68673 |
| CA | CE | 27 | 27 | Synchronous | 04/16/2023 | 04/15/2027 | 19CP754601370 | |
| CA | QE | 30 | 27 | 3 | Synchronous | 04/16/2023 | 04/15/2027 | 19CP754601370 |
| CO | CE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 2705 |
| CO | QE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 2705 |
| CT | CE | 18 | 18 | Synchronous | 03/12/2025 | 07/20/2027 | AAL.001375 | |
| CT | QE | 30 | 27 | 3 | Synchronous | 11/13/2024 | 07/20/2027 | APR.000363 |
| DC | CE | 30 | 27 | 3 | Synchronous | 03/01/2026 | 02/28/2028 | |
| DC | QE | 30 | 27 | 3 | Synchronous | 03/01/2026 | 02/28/2028 | |
| DE | CE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 68673 |
| DE | QE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 68673 |
| FL | CE | 30 | 27 | 3 | Synchronous | 09/27/2025 | 09/26/2027 | 0010583 |
| FL | QE | 30 | 27 | 3 | Synchronous | 09/27/2025 | 09/26/2027 | 0010583 |
| GA | CE | 27 | 27 | Synchronous | 09/09/2026 | 07/20/2027 | 80560 | |
| GA | QE | 30 | 27 | 3 | Synchronous | 02/09/2007 | 07/20/2027 | 51971 |
| HI | CE | 27 | 27 | Synchronous | 08/27/2026 | 07/20/2027 | 26-242 | |
| HI | CE | 30 | 27 | 3 | Synchronous | 08/27/2026 | 07/20/2027 | 26-242 |
| HI | QE | 30 | 27 | 3 | Synchronous | 08/27/2026 | 07/20/2027 | 26-242 |
| IA | CE | 27 | 27 | Synchronous | 06/19/2026 | 07/20/2027 | A518-2117 | |
| IA | CE | 30 | 27 | 3 | Synchronous | 06/19/2026 | 07/20/2027 | A518-2118 |
| IA | QE | 30 | 27 | 3 | Synchronous | 06/19/2026 | 07/20/2027 | A518-2119 |
| ID | CE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 05/08/2028 | |
| ID | QE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 05/08/2028 | |
| IL | CE | 27 | 27 | Synchronous | 01/01/2023 | 12/31/2026 | 575.010346 | |
| IL | QE | 30 | 27 | 3 | Synchronous | 01/01/2023 | 12/31/2026 | 573.000675 |
| IN | CE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 68673 |
| IN | QE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 68673 |
| KS | CE | 27 | 27 | Synchronous | 01/01/2026 | 12/31/2026 | C119-52 | |
| KS | QE | 30 | 27 | 3 | Synchronous | 01/01/2026 | 12/31/2026 | Q119-32 |
| KY | CE | 30 | 28 | 2 | Synchronous | 07/01/2026 | 06/30/2027 | |
| KY | QE | 30 | 28 | 2 | Synchronous | 07/01/2026 | 06/30/2027 | |
| LA | CE | 27 | 27 | Synchronous | 11/10/2025 | 07/20/2027 | A0434 | |
| LA | QE | 30 | 27 | 3 | Synchronous | 07/20/2024 | 07/20/2027 | A0099 |
| MA | QE | 30 | 27 | 3 | Synchronous | 08/21/2026 | 07/20/2027 | 120072 |
| MD | CE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 68673 |
| MD | QE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 68673 |
| ME | CE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 68673 |
| ME | QE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 68673 |
| MI | CE | 27 | 27 | Synchronous | 07/21/2024 | 07/21/2027 | 20-708624 | |
| MI | QE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 06/25/2027 | 20-1220426 |
| MN | CE | 27 | 27 | Synchronous | 05/01/2023 | 04/30/2027 | 1027362 | |
| MN | CE | 30 | 27 | 3 | Synchronous | 05/01/2023 | 04/30/2027 | 1027361 |
| MN | QE | 30 | 27 | 3 | Synchronous | 05/01/2023 | 04/30/2027 | 1027312 |
| MO | CE | 27 | 27 | Synchronous | 07/21/2024 | 07/20/2027 | ||
| MO | QE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | |
| MS | CE | 27 | 27 | Synchronous | 07/25/2026 | 07/20/2027 | MAB# 50131 | |
| MS | QE | 30 | 27 | 3 | Synchronous | 07/25/2026 | 07/20/2027 | MAB# 50131 |
| MT | CE | 27 | 27 | Synchronous | 08/20/2024 | 07/20/2027 | REA-CEC-REC-18208 | |
| MT | QE | 30 | 27 | 3 | Synchronous | 08/20/2024 | 07/20/2027 | REA-CEC-REC-18208 |
| NC | QE | 30 | 27 | 3 | Synchronous | 01/01/2026 | 12/31/2026 | |
| ND | CE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 05/08/2028 | 68673, QE-222009 |
| ND | QE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 05/08/2028 | 68673, QE-222009 |
| NE | QE | 30 | 27 | 3 | Synchronous | 07/20/2024 | 07/20/2027 | 122340N.02 |
| NH | CE | 27 | 27 | Synchronous | 07/20/2024 | 07/20/2027 | ||
| NH | QE | 30 | 27 | 3 | Synchronous | 07/20/2024 | 07/20/2027 | |
| NJ | CE | 27 | 27 | Synchronous | 11/24/2025 | 02/20/2028 | 2025-3004 | |
| NJ | QE | 30 | 27 | 3 | Synchronous | 11/24/2025 | 02/20/2028 | 2025-3004 |
| NM | CE | 30 | 27 | 3 | Synchronous | 03/05/2026 | 07/20/2027 | 4660 |
| NM | QE | 30 | 27 | 3 | Synchronous | 03/05/2026 | 07/20/2027 | 4660 |
| NV | CE | 27 | 27 | Synchronous | 10/01/2026 | 09/30/2027 | CE.0009871-A | |
| NV | CE | 30 | 27 | 3 | Synchronous | 10/01/2026 | 09/30/2027 | CE.0009871-A |
| NY | QE | 30 | 27 | 3 | Synchronous | 10/01/2026 | 09/30/2027 | Q0213-G6 |
| OH | CE | 27 | 27 | Synchronous | 01/01/2026 | 12/31/2026 | 084603703A 25 | |
| OH | QE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 68673 |
| OK | CE | 27 | 27 | Synchronous | 08/08/2024 | 07/20/2027 | 633 | |
| OK | CE | 30 | 27 | 3 | Synchronous | 08/08/2024 | 07/20/2027 | 633 |
| OK | QE | 30 | 27 | 3 | Synchronous | 08/08/2024 | 07/20/2027 | 633 |
| OR | CE | 30 | 27 | 3 | Synchronous | 07/18/2024 | 07/20/2027 | APIN-Q-0724-9035 |
| OR | QE | 30 | 27 | 3 | Synchronous | 07/18/2024 | 07/20/2027 | APIN-Q-0724-9035 |
| PA | CE | 30 | 27 | 3 | Synchronous | 02/11/2026 | 07/20/2027 | |
| PA | QE | 30 | 27 | 3 | Synchronous | 02/11/2026 | 07/20/2027 | |
| PR | CE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 68673 |
| PR | CE | 27 | 27 | Synchronous | 07/21/2024 | 07/20/2027 | 68673 | |
| PR | QE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 68673 |
| RI | CE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | REA.0002220-CE |
| RI | QE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | REA.0002220-CE |
| SC | QE | 30 | 27 | 3 | Synchronous | 07/09/2026 | 08/31/2028 | QE121783 |
| SD | CE | 27 | 27 | Synchronous | 04/15/2026 | 07/20/2027 | SD90212Q | |
| SD | QE | 30 | 27 | 3 | Synchronous | 04/15/2026 | 07/20/2027 | SD90212Q |
| TN | CE | 27 | 27 | Synchronous | 04/01/2025 | 03/31/2027 | 2275 | |
| TN | QE | 30 | 27 | 3 | Synchronous | 04/01/2025 | 03/31/2027 | 2275 |
| TX | CE | 27 | 27 | Synchronous | 04/09/2026 | 07/20/2027 | TX#10 03162-ACE | |
| TX | QE | 30 | 27 | 3 | Synchronous | 09/17/2024 | 07/20/2027 | TX#8038 00706-AQC |
| UT | CE | 27 | 27 | Synchronous | 04/08/2025 | 04/30/2027 | AC250426 | |
| UT | CE | 30 | 27 | 3 | Synchronous | 06/11/2025 | 06/30/2027 | AC250613 |
| UT | QE | 30 | 27 | 3 | Synchronous | 06/11/2025 | 06/30/2027 | AQ250616 |
| VA | CE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 68673 |
| VA | QE | 30 | 27 | 3 | Synchronous | 11/07/2025 | 11/30/2027 | 4006000961 |
| VT | CE | 30 | 27 | 3 | Synchronous | 03/19/2025 | 03/19/2029 | |
| VT | QE | 30 | 27 | 3 | Synchronous | 03/19/2025 | 03/19/2029 | |
| WI | CE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 68673 |
| WI | QE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 07/20/2027 | 68673 |
| WV | CE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 05/24/2027 | |
| WV | QE | 30 | 27 | 3 | Synchronous | 07/21/2024 | 05/24/2027 | |
| WY | QE | 30 | 27 | 3 | Synchronous | 09/23/2025 | 07/20/2027 | 2606 |
Course Objectives
- Develop a complete cost approach. The step-by-step process of estimating current construction cost is the focus.
- Identify and use data sources and the comparative-unit method of cost calculation.
- Apply the age-life and market extraction methods of estimating depreciation.
- Apply the breakdown method for estimating depreciation, including physical deterioration, functional obsolescence, and external obsolescence.
- Recognize elements of cost approach summation, including reconciliation of depreciation estimates.
- Identify basic site valuation principles and how they relate to the concept of market analysis and the development of a highest and best use conclusion.
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 (428 pp.)
- Solutions Booklet (150 pp.)
- Self Study Problems (67 pp.)
- Pre-Class Memo (1 p.)
- Case Study (28 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 07/25/2027 |
$595.00 | $490.00 |
Additional Course Offerings
| Sponsor | Date | Location | Format | ||
|---|---|---|---|---|---|
| Appraisal Institute | On Demand | Online | View Details | Register | |
| Chicago Chapter | June 8-11, 2027 | Rockford, IL | Classroom | View Details | Register |
| Bluegrass Chapter | October 4-7, 2027 | Louisville, KY | Classroom | View Details | Register |
Event Information
Class Schedule:
Class begins each day at 1:30PM Central time (11:30AM Pacific, 12:30PM Mountain, 2:30PM 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, July 26, 1:30 pm - 5:00 pm
Day 2: Tuesday, July 27, 1:30 pm - 5:00 pm
Day 3: Wednesday, July 28, 1:30 pm - 5:00 pm
Day 4: Thursday, July 29, 1:30 pm - 5:00 pm
(No class on Friday, Saturday, or Sunday)
Day 5: Monday, August 2, 1:30 pm - 5:00 pm
Day 6: Tuesday, August 3, 1:30 pm - 5:00 pm
Day 7: Wednesday, August 4, 1:30 pm - 5:00 pm
Day 8: Thursday, August 5, 1:30 pm - 5:00 pm
State Credit:
Courses are not approved in every state for every delivery format, and some states do not accept virtual education at all. Before registering for any Appraisal Institute course, check your state’s approval for this delivery format. View state approvals.
Download Course Materials:
Your course materials, downloads, and pre-class memos are available in your account. For step-by-step instructions, see How do I access my course materials?
Exam:
You have 90 days from completing the course to take the proctored exam, either online or at a testing center. You can schedule your exam starting 48 business hours after the course is marked complete; look for the “Schedule Your Exam” message in your account.
Find a testing center: www.pearsonvue.com/ai
More information: Exam FAQ
Location:
This course is delivered live through interactive virtual classroom technology. Please review the participation requirements below.
Participation Requirements:
To participate and receive continuing or qualifying education credit (where approved), you must have a computer, webcam, and microphone. Having the required equipment is your responsibility.
Webcam: Keep your webcam on at all times during class, with your entire face fully visible.
Attendance: Attendance is monitored throughout the day by webcam and polling.
Interaction: The instructor must be able to interact with every student. Instructors and administrators will ask each student questions in the morning and afternoon, and you must respond. Join from a location where you can give your full attention throughout the session.
Photo ID: Upload a photo ID to the offering page before the course start date. See Appraisal Institute Synchronous Resources for upload instructions.
Connection Information:
Connection information for the live session will be sent to you at a later date. Please watch for an email from Zoom with your link to join the class. If you don’t receive it by the day before the course starts, please submit a support request ticket through our Support Center.
Joining by link from a browser works, but we recommend installing the free Zoom desktop app before the first session for the best experience.
Note: Work devices with strict VPNs or firewalls often have trouble connecting to Zoom. We recommend using a personal device or contacting your organization’s IT department before the first session.
Questions?
Visit our Support Center.
