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    Residential Sales Comparison and Income Approaches

    Register
    On Demand
    Date
    On Demand
    Sponsor
    Appraisal Institute
    Location
    Instructor
    Edward T. Molinari, SRA, AI-RRS
    Class Time
    28 hours
    Exam Time
    2 Hours
    Full Price
    $465.00
    AI Price
    $395.00
    Course Description

    Through two in-depth case studies, this introductory course provides you with the techniques necessary for completing the sales comparison and income capitalization approaches of the valuation process. You will develop and apply qualitative and quantitative analysis techniques as well as organize and reconcile data.


    Who Should Enroll
    • Those seeking residential real property appraiser licensure or certification
    • Residential real property appraisers who would like to review the skills needed for completing the sales comparison and income capitalization approaches of the valuation process
    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 28 2 Online Online 03/04/2024 09/14/2024 18830
    AK QE 30 28 2 Online Online 03/04/2024 09/14/2024 18830
    AL CE 30 28 2 Online Online 10/01/2022 09/30/2024 C02681
    AL QE 30 28 2 Online Online 10/01/2022 09/30/2024 C02681
    AR CE 28 28 Online Online 05/12/2022 06/01/2024 AI025
    AR CE 28 28 Online Online 06/02/2024 06/01/2026 AI025
    AR QE 30 28 2 Online Online 05/12/2022 06/01/2024 AI025
    AR QE 30 28 2 Online Online 06/02/2024 06/01/2026 AI025
    AZ CE 30 28 2 Online Online 10/11/2022 10/21/2025 82866
    AZ QE 30 28 2 Online Online 10/11/2022 10/21/2025 82866
    CA CE 30 28 2 Online Online 11/06/2023 11/05/2027 19CP754601401
    CA CE 28 28 Online Online 11/06/2023 11/05/2027 19CP754601401
    CA QE 30 28 2 Online Online 11/06/2023 11/05/2027 19CP754601401
    CO CE 30 28 2 Online Online 10/22/2022 10/21/2025 2288
    CO CE 28 28 Online Online 10/22/2022 10/21/2025 2288
    CO QE 30 28 2 Online Online 10/22/2022 10/21/2025 2288
    CT CE 18 18 Online Online 11/19/2022 11/19/2025 AAL.000992
    CT QE 30 28 2 Online Online 11/19/2022 11/19/2025 APR.000279
    DC CE 30 28 2 Online Online 02/29/2024 02/28/2026 4080
    DC QE 30 28 2 Online Online 02/29/2024 02/28/2026 4080
    DE CE 30 28 2 Online Online 10/11/2022 10/21/2025 82866
    DE QE 30 28 2 Online Online 10/11/2022 10/21/2025 82866
    FL CE 20 20 Online Online 03/26/2024 03/25/2026 0009398
    FL QE 30 28 2 Online Online 03/26/2024 03/25/2026 0009398
    GA CE 28 28 Online Online 10/24/2022 10/11/2025 75749
    GA QE 30 28 2 Online Online 10/24/2022 10/11/2025 75748
    HI CE 28 28 Online Online 11/07/2023 12/31/2024 23-390
    HI CE 30 28 2 Online Online 11/07/2023 12/31/2024 23-390
    HI QE 30 28 2 Online Online 11/07/2023 12/31/2024 23-390
    IA CE 30 28 2 Online Online 10/22/2022 10/21/2025 A518-1168
    IA CE 28 28 Online Online 10/22/2022 10/21/2025 A518-1167
    IA QE 30 28 2 Online Online 10/22/2022 10/21/2025 A518-1169
    ID CE 30 28 2 Online Online 10/26/2022 10/21/2025
    ID QE 30 28 2 Online Online 10/26/2022 10/21/2025
    IL CE 28 28 Online Online 01/01/2023 12/31/2024 575.001372
    IL QE 30 28 2 Online Online 10/16/2023 12/31/2024 573.000506
    IN CE 30 28 2 Online Online 10/11/2022 10/21/2025 82866
    IN QE 30 28 2 Online Online 10/11/2022 10/21/2025 82866
    KS CE 28 28 Online Online 01/01/2024 12/31/2024 230.C24.R
    KS QE 30 28 2 Online Online 01/01/2024 12/31/2024 330.P24.R
    KY CE 30 28 2 Online Online 07/01/2023 06/30/2024
    KY CE 28 28 Online Online 07/01/2024 05/30/2025
    KY QE 30 28 2 Online Online 07/01/2023 06/30/2024
    KY QE 30 28 2 Online Online 07/01/2024 05/30/2025
    LA CE 28 28 Online Online 10/22/2022 10/21/2025 A0137
    LA QE 30 28 2 Online Online 10/22/2022 10/21/2025 A0137
    MA CE 28 28 Online Online 10/22/2022 10/21/2025 120161
    MA QE 30 28 2 Online Online 06/19/2023 10/21/2025 120159
    MD CE 30 28 2 Online Online 10/11/2022 10/21/2025 82866
    MD QE 30 28 2 Online Online 10/11/2022 10/21/2025 82866
    ME CE 30 28 2 Online Online 10/11/2022 10/21/2025 82866
    ME QE 30 28 2 Online Online 10/11/2022 10/21/2025 82866
    MI CE 28 28 Online Online 09/05/2023 09/05/2026 20 - 948491
    MI QE 30 28 2 Online Online 03/12/2024 03/12/2027 20-1179846
    MN CE 30 28 2 Online Online 08/01/2023 07/31/2025 1018771
    MN CE 28 28 Online Online 08/01/2023 07/31/2025 1018769
    MN QE 30 28 2 Online Online 08/01/2023 07/31/2025 1018770
    MO CE 28 28 Online Online 10/22/2022 10/21/2025
    MO QE 30 28 2 Online Online 10/22/2022 10/21/2025
    MS CE 28 28 Online Online 05/27/2021 10/27/2024 MAB #49086
    MS QE 30 28 2 Online Online 05/27/2021 10/27/2024 MAB #49086
    MT CE 28 28 Online Online 11/19/2023 10/21/2025 REA-CEC-REA-16941
    MT QE 30 28 2 Online Online 11/19/2023 10/21/2025 REA-CEC-REC-16941
    NC QE 30 28 2 Online Online 01/01/2024 12/31/2024
    ND QE 30 28 2 Online Online 04/08/2008 QE-2810
    NE QE 30 28 2 Online Online 10/11/2022 10/21/2025 1192484.02
    NH CE 30 28 2 Online Online 10/21/2019 10/21/2025
    NH QE 30 28 2 Online Online 09/06/2023 10/21/2025
    NJ CE 30 28 2 Online Online 10/19/2022 10/21/2025 2022-3472
    NJ QE 30 28 2 Online Online 10/22/2022 10/21/2025 2022-3472
    NM CE 30 28 2 Online Online 10/22/2022 10/21/2025 4281
    NM CE 28 28 Online Online 10/22/2022 10/21/2025 4281
    NM QE 30 28 2 Online Online 10/22/2022 10/21/2025 4281
    NV CE 28 28 Online Online 06/01/2022 06/30/2024 CE.0009720-A
    NV QE 30 28 2 Online Online 08/01/2023 07/31/2024 PL.0009348-A
    NY CE 28 28 Online Online 01/01/2024 12/31/2024 A5481-28
    NY QE 30 28 2 Online Online 10/01/2022 09/30/2024 Q0207
    OH CE 28 28 Online Online 01/01/2024 12/31/2024 923402606A 23
    OH QE 30 28 2 Online Online 10/11/2022 10/21/2025 82866
    OK CE 28 28 Online Online 10/13/2022 10/21/2025 60F
    OK QE 30 28 2 Online Online 10/13/2022 10/21/2025 60F
    OR CE 28 28 Online Online 10/22/2022 10/21/2025 APIN-Q-1022-8946
    OR QE 30 28 2 Online Online 10/22/2022 10/21/2025 APIN-Q-1022-8946
    PA CE 28 28 Online Online 10/22/2022 10/21/2025
    PA QE 30 28 2 Online Online 10/22/2022 10/21/2025
    PR CE 30 28 2 Online Online 10/11/2022 10/21/2025 82866
    PR QE 30 28 2 Online Online 10/11/2022 10/21/2025 82866
    RI CE 28 28 Online Online 10/22/2022 10/21/2025 REA.0001928-CE
    RI QE 30 28 2 Online Online 10/22/2022 10/21/2025 REA.0001928-CE
    SC QE 30 28 2 Online Online 09/01/2022 08/31/2024 AS.1DQE-6
    SD CE 28 28 Online Online 10/12/2022 10/21/2025 SD 475
    SD QE 30 28 2 Online Online 10/12/2022 10/21/2025 SD 475
    TN CE 14 14 Online Online 04/01/2022 05/31/2025 02171
    TN QE 30 28 2 Online Online 03/01/2022 12/31/2024 1169
    TX CE 28 28 Online Online 10/01/2023 09/30/2024 TX Provider #:10 Course #:37503
    TX CE 30 28 2 Online Online 10/31/2024 TX Provider #:10 Course #:37503
    TX QE 30 28 2 Online Online 11/07/2022 10/21/2024 TX Provider #:8038 Course#: 27854
    UT CE 30 28 2 Online Online 11/01/2020 06/30/2025 AC230617
    UT QE 30 28 2 Online Online 10/01/2020 06/30/2025 AQ230618
    VA CE 30 28 2 Online Online 10/11/2022 10/21/2025 82866
    VA QE 30 28 2 Online Online 04/08/2022 05/31/2024 4006000733
    VA QE 30 28 2 Online Online 06/01/2024 10/21/2025 4006000733
    VT CE 28 28 Online Online 04/08/2019 02/23/2025
    VT QE 30 28 2 Online Online 04/08/2019 02/23/2025
    WA CE 28 28 Online Online 10/26/2022 10/21/2025 A22028815
    WA QE 30 28 2 Online Online 10/26/2022 10/21/2025 A22028815
    WI CE 30 28 2 Online Online 10/11/2022 10/21/2025 82866
    WI QE 30 28 2 Online Online 10/11/2022 10/21/2025 82866
    WV CE 28 28 Online Online 02/02/2023 10/21/2025
    WV QE 30 30 Online Online 02/02/2023 10/21/2025
    WY CE 30 28 2 Online Online 03/19/2008 10/21/2025
    WY QE 30 28 2 Online Online 03/19/2008 10/21/2025
    Course Objectives
    • Recognize the relationship between the sales comparison and income capitalization approaches and the rest of the valuation process.
    • Extract and support adjustments using paired data analysis.
    • Extract and support adjustments using income analysis.
    • Extract and support adjustments using cost and depreciation analysis.
    • Apply the adjustment techniques most appropriate for given data. 
    • Calculate appreciation rates for the subject property and comparable sales.
    • Use the estimated gross monthly market rent and the reconciled GRM to derive a value indication from the income capitalization approach.
    • Apply the reconciled GRM to the gross monthly rent estimate to derive a value indication for the subject property by the income capitalization approach.
    • Derive an indication of value by the sales comparison approach.
    Course Details

    Program Overview:

    Online Syllabus

    Assignments:

    Yes. Participants must complete mandatory assignments in this program. Please plan your time accordingly and allow up to 5 days for the instructor to review your assignments. The instructor may ask for a re-submission of incomplete assignments. You may advance through the program while you are waiting for your instructor to review your work. You may also contact the instructor to request expedited review.

    Equipment:

    Additional Information:

    Exam:
    You will have 90 days from the time that you complete the course to take the proctored, offline exam. Testing center locations in your area can be found by clicking on this link:www.pearsonvue.com/ai.
    Exam FAQ

    Online Course Access
    Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.
    1. Click "Education and Events" on the right navigation menu.
    2. Find the course under the “Online Courses” heading and click the “Begin” button.
    IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue.

    Technology-Based Education Student Disclaimer
    I agree to the terms and policies set forth under the Appraisal Institute Education Policy. I also certify that I am the person identified under Personal Data and that I will personally complete each assigned component of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a Designated member, Candidate for Designation, Practicing Affiliate, or Affiliate of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute, and such peer review proceeding may result in termination of my Appraisal Institute membership, candidacy, and/or affiliation.

    Other Details
    For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions.

    Requirements:

    Online Education FAQ

    Additional Course Offerings
    Sponsor Date Location Format
    Appraisal Institute May 13-23, 2024 Synchronous View Details Register
    Appraisal Institute August 5-15, 2024 Synchronous View Details Register
    Tennessee Chapter September 16-19, 2024 Nashville, TN Classroom View Details Register
    Hoosier State Chapter November 5-8, 2024 Indianapolis, IN Classroom View Details Register