General Appraiser Income Approach/Part 2
Register
- Date
- March 18-28, 2024
- Location
- Sponsor
- Appraisal Institute
- Instructor
- Richard L. Borges, II, MAI, SRA, AI-GRS, AI-RRS
- Class Time
- 27 hours
- Exam Time
- 3 Hours
- Full Price
- $595.00
- AI Price
- $490.00
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 | Synchronous | Livestream | 06/13/2022 | 06/13/2025 | 18879 |
| AK | QE | 30 | 27 | 3 | Synchronous | Livestream | 06/13/2022 | 06/13/2025 | 18879 |
| AL | CE | 30 | 27 | 3 | Synchronous | Livestream | 10/01/2022 | 09/30/2024 | C02673 |
| AL | QE | 30 | 27 | 3 | Synchronous | Livestream | 10/01/2022 | 09/30/2024 | C02673 |
| AR | CE | 27 | 27 | Synchronous | Livestream | 05/06/2022 | 05/06/2024 | ||
| AR | QE | 30 | 27 | 3 | Synchronous | Livestream | 05/06/2022 | 05/06/2024 | |
| AZ | CE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 46456 |
| AZ | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 46456 |
| CA | CE | 27 | 27 | Synchronous | Livestream | 01/01/2022 | 01/28/2025 | 09754130 | |
| CA | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 01/28/2025 | 09754130 |
| CO | CE | 27 | 27 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | ||
| CO | CE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | |
| CO | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | |
| CT | CE | 18 | 18 | Synchronous | Livestream | 01/04/2024 | 11/15/2024 | AAL.000850 | |
| CT | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/24/2024 | APR.000227 |
| DC | CE | 27 | 27 | Synchronous | Livestream | 09/20/2023 | 02/28/2024 | 6113 | |
| DC | CE | 27 | 27 | Synchronous | Livestream | 02/29/2024 | 02/28/2026 | 6113 | |
| DC | QE | 30 | 27 | 3 | Synchronous | Livestream | 02/29/2024 | 02/28/2026 | 3004 |
| DE | CE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 46456 |
| DE | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 46456 |
| FL | QE | 30 | 27 | 3 | Synchronous | Livestream | 02/03/2023 | 06/07/2025 | 0010564 |
| GA | CE | 30 | 27 | 3 | Synchronous | Livestream | 04/22/2009 | ||
| GA | QE | 30 | 27 | 3 | Synchronous | Livestream | 04/22/2009 | ||
| HI | CE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2024 | 04/22/2024 | 23-500 |
| HI | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2024 | 04/22/2024 | 23-500 |
| IA | CE | 30 | 27 | 3 | Synchronous | Livestream | 04/16/2018 | 04/22/2024 | A518-673 |
| IA | QE | 30 | 27 | 3 | Synchronous | Livestream | 04/16/2018 | 04/22/2024 | A518-672 |
| ID | CE | 30 | 27 | 3 | Synchronous | Livestream | 10/05/2021 | 04/22/2024 | |
| ID | QE | 30 | 27 | 3 | Synchronous | Livestream | 10/05/2021 | 04/22/2024 | |
| IL | CE | 27 | 27 | Synchronous | Livestream | 01/01/2023 | 12/31/2024 | 575.001432 | |
| IL | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2023 | 12/31/2024 | 573.000529 |
| IN | CE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 46456 |
| IN | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 46456 |
| KS | CE | 27 | 27 | Synchronous | Livestream | 01/01/2024 | 12/31/2024 | 464.C24.N | |
| KS | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2024 | 12/31/2024 | 463.P24.N |
| KY | CE | 30 | 27 | 3 | Synchronous | Livestream | 07/01/2023 | 06/30/2024 | |
| KY | QE | 30 | 27 | 3 | Synchronous | Livestream | 07/01/2023 | 06/30/2024 | |
| LA | CE | 27 | 27 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | ||
| LA | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | |
| MA | CE | 27 | 27 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 10051186 | |
| MA | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 10051171 |
| MD | CE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 46456 |
| MD | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 46456 |
| ME | CE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 46456 |
| ME | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 46456 |
| MI | CE | 27 | 27 | Synchronous | Livestream | 08/30/2022 | 04/22/2024 | 2359 | |
| MI | QE | 30 | 27 | 3 | Synchronous | Livestream | 08/30/2022 | 04/22/2024 | 2359 |
| MN | CE | 27 | 27 | Synchronous | Livestream | 06/01/2023 | 05/31/2025 | 1002467 | |
| MN | CE | 30 | 27 | 3 | Synchronous | Livestream | 06/01/2023 | 05/31/2025 | 1002466 |
| MN | QE | 30 | 27 | 3 | Synchronous | Livestream | 06/01/2023 | 05/31/2025 | 1002465 |
| MO | CE | 27 | 27 | Synchronous | Livestream | 04/22/2021 | 04/22/2024 | ||
| MO | QE | 30 | 27 | 3 | Synchronous | Livestream | 04/22/2021 | 04/22/2024 | |
| MS | CE | 27 | 27 | Synchronous | Livestream | 06/29/2022 | 04/22/2024 | MAB #49216 | |
| MS | QE | 30 | 27 | 3 | Synchronous | Livestream | 06/29/2022 | 04/22/2024 | MAB #49216 |
| MT | CE | 27 | 27 | Synchronous | Livestream | 01/01/2022 | 03/03/2024 | REA-CEC-REC-13663 | |
| MT | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 03/03/2024 | REA-CEC-REC-13663 |
| NC | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2024 | 12/31/2024 | |
| ND | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | QE-214007S | |
| NE | QE | 30 | 27 | 3 | Synchronous | Livestream | 05/16/2023 | 04/22/2024 | 1233456.02 |
| NH | CE | 27 | 27 | Synchronous | Livestream | 01/28/2022 | 04/22/2024 | ||
| NH | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/28/2022 | 04/22/2024 | |
| NJ | CE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 2008-3089 |
| NJ | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 2008-3089 |
| NM | CE | 30 | 27 | 3 | Synchronous | Livestream | 12/08/2021 | 04/22/2024 | 4024 |
| NM | QE | 30 | 27 | 3 | Synchronous | Livestream | 12/08/2021 | 04/22/2024 | 4024 |
| NV | CE | 27 | 27 | Synchronous | Livestream | 11/01/2023 | 10/31/2024 | CE.0009597-A | |
| NV | QE | 30 | 27 | 3 | Synchronous | Livestream | 09/01/2023 | 08/31/2024 | PL.0008227-A |
| NY | CE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2024 | 12/31/2024 | A2971-27 |
| NY | QE | 30 | 27 | 3 | Synchronous | Livestream | 10/01/2023 | 09/30/2024 | Q0214-G7 |
| OH | CE | 27 | 27 | Synchronous | Livestream | 01/01/2024 | 12/31/2024 | 084403304A 22 | |
| OH | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 46456 |
| OK | CE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 661 |
| OK | CE | 27 | 27 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 719 | |
| OK | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 661 |
| OR | CE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | APIN-Q-1121-8904 |
| OR | CE | 27 | 27 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | APIN-Q-1121-8904 | |
| OR | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | APIN-Q-1121-8904 |
| PA | CE | 27 | 27 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | ||
| PA | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | |
| PR | CE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 46456 |
| PR | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 46456 |
| RI | CE | 27 | 27 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | REA.0001668-CE | |
| RI | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | REA.0001668-CE |
| SC | QE | 30 | 27 | 3 | Synchronous | Livestream | 09/01/2022 | 08/31/2024 | AC . 768 |
| SD | CE | 30 | 27 | 3 | Synchronous | Livestream | 04/26/2021 | 04/26/2024 | SD 1513 CE |
| SD | QE | 30 | 27 | 3 | Synchronous | Livestream | 04/26/2021 | 04/26/2024 | SD 498 |
| TN | CE | 27 | 27 | Synchronous | Livestream | 05/01/2023 | 04/30/2025 | 1284 | |
| TN | QE | 30 | 27 | 3 | Synchronous | Livestream | 04/24/2023 | 04/30/2025 | 1284 |
| TX | CE | 27 | 27 | Synchronous | Livestream | 11/01/2023 | 04/22/2024 | TX Provider #:10 Course #:34343 | |
| TX | QE | 30 | 27 | 3 | Synchronous | Livestream | 11/01/2023 | 04/22/2024 | TX Provider #: 8038 Course #:27896 |
| UT | CE | 27 | 27 | Synchronous | Livestream | 12/01/2023 | 11/30/2025 | AC231117 | |
| UT | CE | 30 | 27 | 3 | Synchronous | Livestream | 12/01/2023 | 11/30/2025 | AC231117 |
| UT | QE | 30 | 27 | 3 | Synchronous | Livestream | 12/01/2023 | 11/30/2025 | AQ231129 |
| VA | CE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 46456 |
| VA | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 46456 |
| VT | CE | 27 | 27 | Synchronous | Livestream | 01/01/2022 | 02/27/2024 | ||
| VT | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 02/27/2024 | |
| WA | CE | 27 | 27 | Synchronous | Livestream | 03/29/2021 | 04/22/2024 | A3969 | |
| WA | QE | 30 | 27 | 3 | Synchronous | Livestream | 03/29/2021 | 04/22/2024 | A3969 |
| WI | CE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 46456 |
| WI | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | 46456 |
| WV | CE | 27 | 27 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | ||
| WV | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | |
| WY | CE | 27 | 27 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 | ||
| WY | QE | 30 | 27 | 3 | Synchronous | Livestream | 01/01/2022 | 04/22/2024 |
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:
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. |
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 03/28/2024 |
$595.00 | $490.00 |
Additional Course Offerings
| Sponsor | Date | Location | Format | ||
|---|---|---|---|---|---|
| Appraisal Institute | On Demand | Online | View Details | Register | |
| Chicago Chapter | March 18-21, 2024 | Chicago, IL | Classroom | View Details | Register |
| Massachusetts Rhode Island and Maine Chapter | March 20-23, 2024 | Woburn, MA | Classroom | View Details | Register |
| Tennessee Chapter | April 8-11, 2024 | NASHVILLE, TN | Classroom | View Details | Register |
| Bluegrass Chapter | April 15-18, 2024 | Louisville, KY | Classroom | View Details | Register |
| North Star Chapter | September 23-26, 2024 | Bloomington, MN | Classroom | View Details | Register |
Event Information
Location:
This course will be held via live interactive classroom technology.
State Credit:
A course may NOT be approved in every state for every delivery
format. For example, some states do NOT allow any virtual
education. When registering for any Appraisal
Institute course, all participants will be required to check state approvals
based on delivery format. For more information, see our state approvals page.
Class Schedule:
Class begins each day at 10:00AM Central time (8:00AM Pacific, 9:00AM Mountain,
11:00AM Eastern). Each class runs for three and a half (3.50) hours each day
with at least two breaks during that time. The course runs for eight (8)
half-days over two weeks as follows. Times shown are U.S. Central (Chicago)
time.
- Day 1: Monday, March 18, 10:00 am - 1:30 pm
- Day 2: Tuesday, March 19, 10:00 am - 1:30 pm
- Day 3: Wednesday, March 20, 10:00 am - 1:30 pm
- Day 4: Thursday, March 21, 10:00 am - 1:30 pm
- (No class on Friday, Saturday or Sunday)
- Day 5: Monday, March 25, 10:00 am - 1:30 pm
- Day 6: Tuesday, March 26, 10:00 am - 1:30 pm
- Day 7: Wednesday, March 27, 10:00 am - 1:30 pm
- Day 8: Thursday, March 28, 10:00 am - 1:30 pm
AI National Synchronous Participation Requirements:
• All students are required to have a computer, webcam, and microphone
capability to participate and receive continuing or qualifying education credit
where approved. It is the student’s responsibility to have the required
equipment to participate and receive credit. Visit the System Requirements for Attendees and Share Webcam pages for help.
• All students are required to keep their webcam on at all times while class is in session. Attendance will be monitored throughout the day through webcams and polling. A photo ID must be presented during roll call at the beginning of class on the first day.
• The instructor must be able to interact with all students. Instructors and administrators will direct questions to each student in the morning and afternoon to which students must respond. Students must be in a location that allows for their full attention and interaction at all times.
For questions regarding these classroom participation requirements, contact the Appraisal Institute at sync@appraisalinstitute.org or call (312) 335-4473.
Connection Information:
Several minutes after you receive your Appraisal Institute receipt email, you
will receive second e-mail which includes instructions connecting to the
synchronous sessions. Connection e-mail reminders are re-sent 1 week, 1 day,
and 1 hour prior to synchronous session start time. If you do not receive the
connection information, please check your junk, spam, or quarantine folders.
For questions, please e-mail sync@appraisalinstitute.org or call (312)
335-4473.
Download Course Materials:
Log onto your AI Account at www.appraisalinstitute.org with the username
and password you used when you registered. Click on “Education and Events”
located on the right navigation menu. On the My Events page, find the
Synchronous course under the “Classroom Offerings/Synchronous
Offerings/Conferences” heading and click the "View" button. Scroll
down to the “Download Course Materials” section and click on each link to
download the course materials.
Cancellation Policy:
Up To 15 days prior to program start date, refund in full.
7 - 14 days prior to program start date, $150.00 cancellation fee.
Less than 7 days prior to program start date, forfeit of payment.
