Skip to Content (custom)

    Basic Appraisal Principles

    More Info Register
    July 29 - August 1, 2024 Maple Grove, MN
    Date
    July 29 - August 1, 2024
    Sponsor
    North Star Chapter
    Location
    Hilton Garden Inn
    6350 Vinewood Lane North
    Maple Grove, MN 55311
    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 July 29!
    View Pricing Options
    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

     
    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 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 19810
    AK QE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 19810
    AL CE 28 28 Classroom Classroom 10/01/2022 09/30/2024 C02669
    AL QE 30 28 2 Classroom Classroom 10/01/2022 09/30/2024 C02669
    AR CE 30 28 2 Classroom Classroom 05/07/2024 06/12/2026 AI029
    AR QE 30 28 2 Classroom Classroom 05/07/2024 06/12/2026 AI029
    AZ CE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    AZ CE 30 28 2 Classroom Classroom 06/12/2023 06/12/2026 74333
    AZ QE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    CA CE 28 28 Classroom Classroom 03/10/2024 03/09/2028 20CP754601422
    CA QE 30 28 2 Classroom Classroom 03/10/2024 03/09/2028 20CP754601422
    CO CE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 2568
    CO CE 28 28 Classroom Classroom 04/11/2024 06/12/2026 2568
    CO QE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 2568
    CT CE 18 18 Classroom Classroom 04/13/2024 06/01/2026 AAL.001182
    CT QE 30 28 2 Classroom Classroom 04/13/2024 06/01/2026 APR.000332
    DC CE 28 28 Classroom Classroom 01/18/2024 02/28/2026 4078
    DC QE 30 28 2 Classroom Classroom 01/18/2024 02/28/2026 4078
    DE CE 30 28 2 Classroom Classroom 06/12/2023 06/12/2026 74333
    DE CE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    DE QE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    FL CE 20 20 Classroom Classroom 01/12/2023 01/11/2025 0007531
    FL QE 30 28 2 Classroom Classroom 09/27/2023 09/26/2025 0010537
    GA CE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 73831
    GA CE 28 28 Classroom Classroom 04/11/2024 06/12/2026 73830
    GA QE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 73830
    HI CE 28 28 Classroom Classroom 01/01/2024 12/31/2024 23-327
    HI CE 30 28 2 Classroom Classroom 01/01/2024 12/31/2024 23-327
    HI QE 30 28 2 Classroom Classroom 01/01/2024 12/31/2024 23-327
    IA CE 28 28 Classroom Classroom 04/11/2024 06/12/2026 A518-582
    IA CE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 A518-581
    IA QE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 A518-580
    ID CE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 520
    ID QE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 520
    IL CE 28 28 Classroom Classroom 01/01/2023 12/31/2024 575.001112
    IL QE 30 28 2 Classroom Classroom 01/01/2023 12/31/2024 573.000380
    IN CE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    IN CE 30 28 2 Classroom Classroom 06/12/2023 06/12/2026 74333
    IN QE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    KS CE 28 28 Classroom Classroom 01/01/2024 12/31/2024 450.C24.N
    KS QE 30 28 2 Classroom Classroom 01/01/2024 12/31/2024 302.P24.R
    KY CE 30 28 2 Classroom Classroom 07/01/2023 06/30/2024
    KY QE 30 28 2 Classroom Classroom 07/01/2023 06/30/2024
    MA CE 28 28 Classroom Classroom 05/17/2022 06/01/2024 120079
    MA CE 28 28 Classroom Classroom 04/11/2024 06/12/2026 10051181
    MA QE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 10051048
    MD CE 30 28 2 Classroom Classroom 06/12/2023 06/12/2026 74333
    MD CE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    MD QE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    ME CE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    ME CE 30 28 2 Classroom Classroom 06/12/2023 06/12/2026 74333
    ME QE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    MI CE 28 28 Classroom Classroom 04/11/2024 04/11/2027 20-938601
    MN CE 28 28 Classroom Classroom 09/01/2023 08/31/2025 996074
    MN QE 30 28 2 Classroom Classroom 09/01/2023 08/31/2025 43884
    MO CE 28 28 Classroom Classroom 04/11/2024 06/12/2026
    MO QE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026
    MS CE 28 28 Classroom Classroom 11/17/2023 11/16/2025 MAB#7079
    MS QE 30 28 2 Classroom Classroom 11/17/2023 11/16/2025 MAB#7079
    MT CE 28 28 Classroom Classroom 04/11/2024 06/12/2026 REA-CEC-REC-17536
    MT QE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 REA-CEC-REC-17536
    NC QE 30 28 2 Classroom Classroom 01/01/2024 12/31/2024
    ND QE 30 28 2 Classroom Classroom 05/28/2004 QE2403
    NE QE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 1181402.02
    NH CE 28 28 Classroom Classroom 01/28/2022 06/12/2026
    NH QE 30 28 2 Classroom Classroom 01/28/2022 06/12/2026
    NJ CE 28 28 Classroom Classroom 04/11/2024 06/12/2026 2024-3005
    NJ QE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 2024-3005
    NM CE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 4389
    NM QE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 4389
    NV CE 28 28 Classroom Classroom 11/01/2023 10/31/2024 CE.0009602-A
    NV QE 30 28 2 Classroom Classroom 08/01/2023 07/31/2024 PL.0009464-A
    NY CE 28 28 Classroom Classroom 01/01/2024 12/31/2024 A5487-28
    NY QE 30 28 2 Classroom Classroom 10/01/2023 09/30/2024 Q0203 R5
    OH CE 28 28 Classroom Classroom 01/01/2024 12/31/2024 084401604A 22
    OH QE 30 28 2 Classroom Classroom 04/22/2004
    OH QE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    OK CE 28 28 Classroom Classroom 04/11/2024 06/12/2026 772
    OK QE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 601
    OR CE 28 28 Classroom Classroom 04/11/2024 06/12/2026 APIN-Q-1121-8899
    OR CE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 APIN-Q-1121-8899
    OR QE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026 APIN-Q-0224-9021
    PA CE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026
    PA QE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026
    PR CE 30 28 2 Classroom Classroom 06/12/2023 06/12/2026 74333
    PR CE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    PR QE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    RI CE 30 28 2 Classroom Classroom 04/11/2024 01/12/2026 REA.0002147-CE
    RI QE 30 28 2 Classroom Classroom 04/11/2024 01/12/2026 REA.0002147-CE
    SC QE 30 28 2 Classroom Classroom 09/01/2022 08/31/2024 AS.1QE1
    SD CE 30 28 2 Classroom Classroom 03/22/2022 03/04/2025 SD 363
    SD QE 30 28 2 Classroom Classroom 03/04/2022 03/04/2025 SD 363
    TN CE 28 28 Classroom Classroom 05/01/2024 04/30/2026 825
    TN QE 30 28 2 Classroom Classroom 05/01/2024 04/30/2026 825
    TX CE 30 28 2 Classroom Classroom 11/01/2023 06/12/2025 TX Provider #:10 Course #:30846
    TX QE 30 28 2 Classroom Classroom 11/01/2023 06/12/2026 TX Provider #: 8038 Course #: 27856
    UT CE 28 28 Classroom Classroom 12/01/2023 11/30/2025 AC231111
    UT QE 30 28 2 Classroom Classroom 12/01/2023 11/30/2025 AQ231125
    VA CE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    VA CE 30 28 2 Classroom Classroom 06/12/2023 06/12/2026 74333
    VA QE 30 28 2 Classroom Classroom 11/09/2022 11/30/2024 4006000884
    VA QE 30 28 2 Classroom Classroom 10/01/2023 09/30/2025 4006000477
    VT CE 30 28 2 Classroom Classroom 02/28/2024 11/29/2027
    VT QE 30 28 2 Classroom Classroom 02/28/2024 11/29/2027
    WA CE 28 28 Classroom Classroom 04/11/2024 06/01/2025 A24001742
    WA QE 30 28 2 Classroom Classroom 04/11/2024 06/01/2025 A24001742
    WI CE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    WI CE 30 28 2 Classroom Classroom 06/12/2023 06/12/2026 74333
    WI QE 30 28 2 Classroom Classroom 06/13/2023 06/12/2026 74333
    WV CE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026
    WV QE 30 28 2 Classroom Classroom 04/11/2024 06/12/2026
    WY CE 28 28 Classroom Classroom 04/11/2024 04/10/2027
    WY QE 30 28 2 Classroom Classroom 04/11/2024 04/10/2027
    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:
    Table of Contents and Overview
    Course Schedule

    Assignments:
    No

    Equipment:

    Additional Information:

    Course Materials Include:
    • Course Handbook (430 pp.)
    • Suggested Solutions (160 pp.) 
    National Registry of CPE SponsorsThe 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

    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 07/29/2024
    $475.00 $475.00
    Have Exam Questions?
    Additional Course Offerings
    Sponsor Date Location Format
    Appraisal Institute On Demand Online View Details Register
    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
    Appraisal Institute August 19-29, 2024 Synchronous View Details Register
    Hoosier State Chapter October 8-11, 2024 Indianapolis, IN Classroom View Details Register
    Event Information

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

    Room group rate of $137 is available by calling 763-509-9500 and mentioning "MAAO" before July 8

    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.