Basic Appraisal Principles
Register
- Date
- On Demand
- Sponsor
- Appraisal Institute
- Location
- Instructor
- Craig M. Harrington, SRA, AI-RRS
Richard C. DuBay, SRPA, SRA - Class Time
- 28 hours
- Exam Time
- 2 Hours
- Full Price
- $480.00
- AI Price
- $405.00
Course Description
If you’re considering a career in professional valuation services, your journey should begin with Basic Appraisal Principles. This four-day course will introduce you to real property concepts and characteristics, legal considerations, influences on real estate values, types of value, economic principles, real estate markets and analysis, highest and best use, and ethical considerations. The course should provide a solid foundation in basic appraisal principles no matter what appraisal specialty you pursue.
Co-developed by the Appraisal Institute, ASA, and ASFMRA
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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
Attend & Pass Exam:
200
Pass Only:
150
State Approvals
| State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Approval Format | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|---|
| AK | CE | 28 | 28 | Online | Online | 09/21/2022 | 07/08/2024 | 18414 | |
| AK | QE | 30 | 28 | 2 | Online | Online | 09/21/2022 | 06/01/2025 | 18414 |
| AL | CE | 28 | 28 | Online | Online | 10/01/2022 | 09/30/2024 | C02668 | |
| AL | QE | 30 | 28 | 2 | Online | Online | 10/01/2022 | 09/30/2024 | C02668 |
| AR | CE | 28 | 28 | Online | Online | 05/06/2022 | 05/06/2024 | ||
| AR | CE | 30 | 28 | 2 | Online | Online | 05/07/2024 | 03/01/2026 | AI008 |
| AR | QE | 30 | 28 | 2 | Online | Online | 05/06/2022 | 05/06/2024 | |
| AR | QE | 30 | 28 | 2 | Online | Online | 05/07/2024 | 03/01/2026 | AI008 |
| AZ | CE | 30 | 28 | 2 | Online | Online | 06/01/2022 | 06/01/2025 | 56729 |
| AZ | QE | 30 | 28 | 2 | Online | Online | 06/01/2022 | 06/01/2025 | 56729 |
| CA | CE | 28 | 28 | Online | Online | 06/24/2023 | 06/23/2027 | 07754116 | |
| CA | QE | 30 | 28 | 2 | Online | Online | 06/24/2023 | 06/23/2027 | 07754116 |
| CO | CE | 30 | 28 | 2 | Online | Online | 03/08/2023 | 06/01/2025 | 2373 |
| CO | CE | 30 | 28 | 2 | Online | Online | 03/08/2023 | 06/01/2025 | 2373 |
| CO | CE | 28 | 28 | Online | Online | 03/08/2023 | 06/01/2025 | 2373 | |
| CO | CE | 28 | 28 | Online | Online | 03/08/2023 | 06/01/2025 | 2373 | |
| CO | QE | 30 | 28 | 2 | Online | Online | 03/08/2023 | 06/01/2025 | 2373 |
| CO | QE | 30 | 28 | 2 | Online | Online | 03/08/2023 | 06/01/2025 | 2373 |
| CT | CE | 18 | 18 | Online | Online | 04/11/2024 | 06/01/2025 | AAL.001183 | |
| CT | QE | 30 | 28 | 2 | Online | Online | 01/01/2022 | 01/01/2025 | APR.000269 |
| DC | CE | 28 | 28 | Online | Online | 01/18/2024 | 02/28/2026 | 4008 | |
| DC | QE | 30 | 28 | 2 | Online | Online | 01/18/2024 | 02/28/2026 | 4008 |
| DE | CE | 30 | 28 | 2 | Online | Online | 06/01/2022 | 06/01/2025 | 56729 |
| DE | QE | 30 | 28 | 2 | Online | Online | 06/01/2022 | 06/01/2025 | 56729 |
| FL | CE | 20 | 20 | Online | Online | 12/12/2022 | 12/11/2024 | 0009054 | |
| FL | QE | 30 | 28 | 2 | Online | Online | 05/29/2023 | 05/28/2025 | 0009413 |
| GA | CE | 28 | 28 | Online | Online | 06/02/2023 | 06/01/2025 | 70821 | |
| GA | QE | 30 | 28 | 2 | Online | Online | 06/02/2022 | 06/01/2025 | 74676 |
| HI | CE | 30 | 28 | 2 | Online | Online | 01/01/2024 | 12/31/2024 | 23-378 |
| HI | CE | 28 | 28 | Online | Online | 01/01/2024 | 12/31/2024 | 23-378 | |
| HI | QE | 30 | 28 | 2 | Online | Online | 01/01/2024 | 12/31/2024 | 23-378 |
| IA | CE | 30 | 28 | 2 | Online | Online | 04/29/2022 | 06/01/2025 | A518-1056 |
| IA | CE | 28 | 28 | Online | Online | 04/29/2022 | 06/01/2025 | A518-595 | |
| IA | QE | 30 | 28 | 2 | Online | Online | 04/29/2022 | 06/01/2025 | A518-596 |
| ID | CE | 28 | 28 | Online | Online | 09/09/2022 | 06/01/2025 | ||
| ID | QE | 30 | 28 | 2 | Online | Online | 09/09/2022 | 06/01/2025 | |
| IL | CE | 28 | 28 | Online | Online | 01/01/2023 | 12/31/2024 | 575.001370 | |
| IL | QE | 30 | 28 | 2 | Online | Online | 01/01/2022 | 12/31/2024 | 573.000583 |
| IN | CE | 30 | 28 | 2 | Online | Online | 06/01/2022 | 06/01/2025 | 56729 |
| IN | QE | 30 | 28 | 2 | Online | Online | 06/01/2022 | 06/01/2025 | 56729 |
| KS | CE | 28 | 28 | Online | Online | 01/01/2024 | 12/31/2024 | 449.C24.N | |
| KS | QE | 30 | 28 | 2 | Online | Online | 01/01/2024 | 12/31/2024 | 303.P24.R |
| KY | CE | 30 | 28 | 2 | Online | Online | 07/01/2023 | 06/30/2024 | |
| KY | QE | 30 | 28 | 2 | Online | Online | 07/01/2023 | 06/30/2024 | |
| LA | CE | 28 | 28 | Online | Online | 09/09/2019 | |||
| LA | QE | 30 | 28 | 2 | Online | Online | 09/09/2019 | ||
| MA | CE | 28 | 28 | Online | Online | 04/11/2024 | 06/01/2025 | 00120041 | |
| MA | QE | 30 | 28 | 2 | Online | Online | 03/27/2023 | 06/01/2025 | 120149 |
| MD | CE | 30 | 28 | 2 | Online | Online | 06/01/2022 | 06/01/2025 | 56729 |
| MD | QE | 30 | 28 | 2 | Online | Online | 06/01/2022 | 06/01/2025 | 56729 |
| ME | CE | 30 | 28 | 2 | Online | Online | 06/01/2022 | 06/01/2025 | 56729 |
| ME | QE | 30 | 28 | 2 | Online | Online | 06/01/2022 | 06/01/2025 | 56729 |
| MI | CE | 28 | 28 | Online | Online | 04/11/2024 | 06/01/2025 | 20 - 938673 | |
| MI | QE | 30 | 28 | 2 | Online | Online | 04/11/2024 | 04/11/2027 | 20-938599 |
| MN | CE | 30 | 28 | 2 | Online | Online | 03/01/2023 | 02/28/2025 | 1017880 |
| MN | QE | 30 | 28 | 2 | Online | Online | 03/01/2023 | 02/28/2025 | 1017879 |
| MO | CE | 28 | 28 | Online | Online | 04/22/2022 | 06/01/2025 | ||
| MO | QE | 30 | 28 | 2 | Online | Online | 04/22/2022 | 06/01/2025 | |
| MS | CE | 28 | 28 | Online | Online | 10/27/2022 | 10/27/2024 | MAB #49735 | |
| MS | QE | 30 | 28 | 2 | Online | Online | 10/27/2022 | 10/27/2024 | MAB# 49735 |
| MT | CE | 28 | 28 | Online | Online | 05/04/2022 | 05/04/2025 | REA-CEC-REC-14320 | |
| MT | QE | 30 | 28 | 2 | Online | Online | 05/04/2022 | 05/04/2025 | REA-CEC-REC-14320 |
| NC | QE | 30 | 28 | 2 | Online | Online | 01/01/2024 | 12/31/2024 | |
| ND | CE | 30 | 28 | 2 | Online | Online | 09/05/2007 | QE-2709 | |
| ND | QE | 30 | 28 | 2 | Online | Online | 09/05/2007 | QE-2709 | |
| NE | QE | 30 | 28 | 2 | Online | Online | 06/01/2022 | 06/01/2025 | 56729 |
| NH | CE | 30 | 28 | 2 | Online | Online | 07/07/2022 | 06/01/2025 | |
| NH | QE | 30 | 28 | 2 | Online | Online | 03/01/2023 | 06/01/2025 | |
| NJ | CE | 28 | 28 | Online | Online | 04/20/2022 | 2022-3452 | ||
| NJ | QE | 30 | 28 | 2 | Online | Online | 04/20/2022 | 2022-3452 | |
| NM | CE | 28 | 28 | Online | Online | 06/02/2022 | 06/01/2025 | 1985 | |
| NM | QE | 30 | 28 | 2 | Online | Online | 06/02/2022 | 06/01/2025 | 1985 |
| NV | CE | 28 | 28 | Online | Online | 01/01/2024 | 12/31/2024 | CE.0009526-A | |
| NV | QE | 30 | 28 | 2 | Online | Online | 08/01/2023 | 08/01/2024 | PL.0009526-A |
| NY | CE | 28 | 28 | Online | Online | 01/01/2024 | 12/31/2024 | A5487-28 | |
| NY | QE | 30 | 28 | 2 | Online | Online | 10/01/2023 | 09/30/2024 | Q0203 R5 |
| OH | CE | 28 | 28 | Online | Online | 01/01/2024 | 12/31/2024 | 923401009A 22 | |
| OH | QE | 30 | 28 | 2 | Online | Online | 01/01/2012 | ||
| OH | QE | 30 | 28 | 2 | Online | Online | 06/01/2022 | 06/01/2025 | 56729 |
| OK | CE | 28 | 28 | Online | Online | 04/25/2022 | 06/01/2025 | 60B | |
| OK | QE | 30 | 28 | 2 | Online | Online | 04/25/2022 | 06/01/2025 | 60B |
| PA | CE | 30 | 28 | 2 | Online | Online | 06/02/2022 | 06/01/2025 | |
| PA | QE | 30 | 28 | 2 | Online | Online | 06/16/2022 | 06/01/2025 | |
| PR | CE | 30 | 28 | 2 | Online | Online | 06/01/2022 | 06/01/2025 | 56729 |
| PR | QE | 30 | 28 | 2 | Online | Online | 06/01/2022 | 06/01/2025 | 56729 |
| RI | CE | 28 | 28 | Online | Online | 04/11/2022 | 06/01/2025 | REA.0001861-CE | |
| RI | QE | 30 | 28 | 2 | Online | Online | 04/11/2022 | 06/01/2025 | REA.0001861-CE |
| SC | QE | 30 | 28 | 2 | Online | Online | 09/01/2022 | 08/31/2024 | AS.1DQE-1 |
| SD | CE | 30 | 28 | 2 | Online | Online | 07/12/2022 | 05/31/2025 | SD 456 |
| SD | QE | 30 | 28 | 2 | Online | Online | 05/13/2022 | 05/13/2025 | SD 456 |
| TN | CE | 28 | 28 | Online | Online | 09/01/2022 | 08/31/2024 | 2405 | |
| TN | QE | 30 | 28 | 2 | Online | Online | 09/01/2022 | 08/31/2024 | 2405 |
| TX | CE | 28 | 28 | Online | Online | 06/13/2022 | 06/13/2024 | TX Provider #: 10 Course #: 39238 | |
| TX | CE | 28 | 28 | Online | Online | 06/14/2024 | 06/01/2025 | TX Provider #: 10 Course #: 49021 | |
| TX | QE | 30 | 28 | 2 | Online | Online | 06/13/2023 | 06/01/2025 | TX Provider #:8038 Course #: 27856 |
| UT | CE | 28 | 28 | Online | Online | 03/16/2023 | 03/31/2025 | AC230322 | |
| UT | QE | 30 | 28 | 2 | Online | Online | 04/01/2024 | 03/31/2026 | AQ240311 |
| VA | CE | 30 | 28 | 2 | Online | Online | 06/01/2022 | 06/01/2025 | 56729 |
| VA | QE | 30 | 28 | 2 | Online | Online | 08/01/2022 | 07/31/2024 | 4006000559 |
| VA | QE | 30 | 28 | 2 | Online | Online | 08/01/2024 | 06/01/2025 | 4006000559 |
| VT | CE | 28 | 28 | Online | Online | 04/09/2024 | 03/16/2025 | ||
| VT | QE | 30 | 28 | 2 | Online | Online | 06/02/2022 | 03/02/2027 | CA-171780 |
| WA | CE | 28 | 28 | Online | Online | 04/11/2024 | 06/01/2025 | A24001742 | |
| WA | QE | 30 | 28 | 2 | Online | Online | 04/11/2024 | 06/01/2025 | A24001742 |
| WI | CE | 30 | 28 | 2 | Online | Online | 06/01/2022 | 06/01/2025 | 56729 |
| WI | QE | 30 | 28 | 2 | Online | Online | 06/01/2022 | 06/01/2025 | 56729 |
| WV | CE | 28 | 28 | Online | Online | 06/13/2023 | 06/01/2025 | ||
| WV | QE | 30 | 28 | 2 | Online | Online | 06/13/2023 | 06/01/2025 | |
| WY | CE | 28 | 28 | Online | Online | 04/07/2022 | 06/01/2025 | ||
| WY | QE | 30 | 28 | 2 | Online | Online | 04/07/2022 | 06/01/2025 |
Course Objectives
- Recognize the components of ethical and competent appraisal practice.
- Recognize the distinctive differences among land, real property, real estate, and personal property.
- Recognize and identify the three major land description systems.
- Recognize the major components that appear in all definitions of market value.
- Recognize the definitions of the economic principles of change, anticipation, supply and demand, competition, substitution, balance, externalities, and highest and best use.
- Solve basic real estate math problems in fractions, decimals, and percentages.
- Solve for mean, median, and mode.
- Use a financial calculator to perform mortgage calculations and to solve problems in simple and compound interest.
- Recognize the definitions of appraisal practice, valuation services, appraisal review, and other key terms.
- Identify the basic components in the appraiser’s scope of work decision.
Course Details
Program Overview:
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.
- Free Review: Using a Financial Calculator: Formulas, Symbols, Math Review, and Sample Problems; and Financial Calculator Practice Exercises
- For additional help with the HP-12C, take our online seminar Using Your HP-12C Financial Calculator
- HP-12C calculator User’s Manual
Additional Information:
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 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.
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:
Course Materials & Recommended Books
Pricing Options
| Rate | Full Price | AI Price |
|---|---|---|
| Standard
Today thru 12/31/2050 |
$480.00 | $405.00 |
Have Exam Questions?
Additional Course Offerings
| Sponsor | Date | Location | Format | ||
|---|---|---|---|---|---|
| Tennessee Chapter | June 10-13, 2024 | NASHVILLE, TN | Classroom | View Details | Register |
| Western Pennsylvania Chapter | July 8-11, 2024 | Pittsburgh, PA | Classroom | View Details | Register |
| Appraisal Institute | July 9-19, 2024 | Synchronous | View Details | Register | |
| North Star Chapter | July 29 - August 1, 2024 | Maple Grove, MN | Classroom | View Details | Register |
| Appraisal Institute | August 19-29, 2024 | Synchronous | View Details | Register | |
| Hoosier State Chapter | October 8-11, 2024 | Indianapolis, IN | Classroom | View Details | Register |