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Basic Appraisal Procedures
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Apply the principles and concepts learned in Basic Appraisal Principles. This 30-hour course takes you step-by-step through the valuation process:
Defining the problem
Collecting and analyzing data
Reaching a final opinion of value
Communicating the appraisal
Learn about the three approaches to reaching an opinion of value (income capitalization, cost, and sales comparison) and apply them in true-to-life case studies and problems. After examining income capitalization methods and formulas, discover how rates and multipliers are derived. Through case studies, apply the steps and concepts of the cost approach, i.e., how appraisers estimate the cost of constructing a reproduction of or replacement for an existing structure; the three major components of depreciation; methods for estimating and allocating depreciation; and land and site valuation.
The course will guide you through the sales comparison approach, including researching the market, verifying information, selecting units of comparison, conducting a comparative analysis, making adjustments, and reconciling conclusions. The material also covers the general types of appraisal reports. Finally, the course introduces property description plus the basics of construction and design.
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| Sponsor |
Date |
Location |
Delivery Format |
Check
State Approvals |
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| Appraisal Institute |
On Demand |
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Online |
Check |
Register |
| Western Pennsylvania Chapter |
April 17-20, 2023 |
Pittsburgh, PA |
Classroom |
Check |
Register |
| Massachusetts/Rhode Island and Maine Chapter |
May 05-13, 2023 |
Braintree, MA |
Classroom |
Check |
Register |
| Tennessee Chapter |
June 19-22, 2023 |
Nashville, TN |
Classroom |
Check |
Register |
| Appraisal Institute |
June 20-30, 2023 |
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Synchronous |
Check |
Register |
| North Star Chapter |
August 07-10, 2023 |
St. Cloud, MN |
Classroom |
Check |
Register |
| Chicago Chapter |
September 26-29, 2023 |
Oakbrook Terrace, IL |
Classroom |
Check |
Register |
| Appraisal Institute |
October 03-13, 2023 |
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Synchronous |
Check |
Register |
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Program State Approval & Hours
Some AI educational programs may not be approved in every state and every delivery format. To see a list of all state approvals across all formats for this course, please use the link below.
View all approvals for this course
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- Beginning real property appraisers
- Real estate professionals
- Users of appraisal services
- College students
- Accountants
- Identify the eight steps of the valuation process.
- Identify the basic components and processes used to derive a value indication when performing the income capitalization approach.
- Identify the six procedures for analyzing land or site value.
- Identify the three cost-estimating methods used by appraisers.
- Apply component costs to estimate the cost of residential building improvements.
- Identify typical elements of comparison used in the sales comparison approach.
- Analyze sales to select appropriate comparable properties.
- Derive adjustments using paired sales analysis.
- Reconcile the indicated values derived in the sales comparison approach to a single point value opinion.
- Recognize the types of reports used to communicate an appraisal analysis.
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Appraisal Institute CE Points
Attend: 150 AI Points, Attend and Pass Exam: 200 AI Points, Pass Only: 150 AI Points
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Classroom: No required assignments. Online: 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 also contact the instructor to
request expedited review.
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Classroom & Synchronous Online & Synchronous
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Required and/or Recommended Equipment
Classroom & Synchronous Online |
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Classroom & Synchronous None Online Synchronous
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Classroom & Synchronous Course Materials Include:
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Course Handbook (436 pp.)
- Student Handout (10 pp.)
- Solutions Booklet (90 pp.)
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The Appraisal Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.
State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN, 37219-2417. Web site: www.nasba.org.
Delivery Method: Group-Live |
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. Online The cost of this course includes a course handbook that will be available for immediate download.
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 AccessGo 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 DisclaimerI 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 DetailsFor 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. Synchronous Course Materials Include: - Course Handbook (434 pp.)
- Solutions Booklet (90 pp.)
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