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    Basic Appraisal Procedures

    Register
    February 12-15, 2024 Lake Elmo, MN
    Date
    February 12-15, 2024
    Location
    Lake Elmo, MN
    Sponsor
    North Star Chapter
    Instructor
    Byron E. Miller, SRA, AI-RRS
    Jon E. Gargulak, MAI
    Class Time
    28 hours
    Exam Time
    2 Hours
    Full Price
    $475.00
    AI Price
    $475.00
    Enroll by February 12!
    View Pricing Options
    Classroom
    Topics:
    Begin Your Career
    Commercial
    Residential
    Course Description

     

    Apply the principles and concepts learned in Basic Appraisal Principles. This four-day course takes you step-by-step through the valuation process: defining the problem, collecting and analyzing data, reaching a final opinion of value, and 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, learn how rates and multipliers are derived. Through case studies discover the steps and concepts involved in the cost approach—how appraisers estimate the cost of constructing a reproduction of or replacement for an existing structure; the three major components of depreciation and 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 reconciliation. Complete key sections of an appraisal report. Finally, the course provides an introduction to property description and construction and design basics.

     
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    Who Should Enroll
    • Beginning real property appraisers
    • Real estate professionals
    • Users of appraisal services
    • College students
    • Accountants
    AI CE Points
    Attend:
    150
    pts
    Attend & Pass Exam:
    200
    pts
    Pass Only:
    150
    pts
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    Course Objectives
    • 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.
    Course Details

    Program Overview:
    Table of Contents and Overview
    Course Schedule

    Assignments:

    Classroom: No required assignments.
     

    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 more information and a free review, click here.
    • 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 (434 pp.)
    • Student Handout (10 pp.)
    • Solutions Booklet (90 pp.)
    National Registry of CPE Sponsors
    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.

    Requirements:
    None
    Prerequisites

    Basic Appraisal Principles

    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 02/12/2024     		$475.00 $475.00
    Have Exam Questions?
    Exam FAQ
    Additional Course Offerings
    Sponsor Date Location Format
    Appraisal Institute On Demand Online View Details Register
    Appraisal Institute February 5-15, 2024 Synchronous View Details Register
    Chicago Chapter February 19-22, 2024 Chicago, IL Classroom View Details Register
    Hoosier State Chapter March 12-15, 2024 Indianapolis, IN Classroom View Details Register
    Tennessee Chapter June 17-20, 2024 NASHVILLE, TN Classroom View Details Register
    Appraisal Institute June 18-28, 2024 Synchronous View Details Register
    Appraisal Institute October 1-11, 2024 Synchronous View Details Register
    Appraisal Institute December 2-12, 2024 Synchronous View Details Register
    Event Information

    Time:  Registration 8:00 am – Class begins 8:30 am – 5:00 pm  Each day

    Course Materials: When you register through the Appraisal Institute, you will have the option to either download course materials (included in the registration price) or pay an additional fee to have a hard copy sent to you directly, prior to the course. No hard copies will be available at the course.




    You will need a standard calculator for this class.  It does NOT need to be a financial calculator.   You can use your smart phone calculator for the class room exams, but you can NOT use your smart phone during the exam.




    Food & Beverages:  For student, instructor, and employer convenience, a limited variety of refreshments and snacks are included in your registration fee and will be available for a.m. and p.m. breaks. In order to keep registration fees lower, lunch will be on your own for MAAO co-sponsored courses such as this one, so please plan accordingly.

     

    This course has been approved for 30 hours of appraisal qualifying education credit by the Minnesota Department of Commerce.


    This course has been approved for 28 hours of appraisal continuing education credit by the Minnesota Department of Commerce.

    This course has been approved for 28 hours of real estate continuing education credit by the Minnesota Department of Commerce.