- Date
- February 10-13, 2025
- Time
- 8:30AM - 4:30PM (CST)
- Sponsor
- Chicago Chapter
- Location
- DePaul University - Loop Campus
1 E. Jackson
Room 8206
Chicago, IL 60614
- Instructor
- Dan Ryan, SRA
- Class Time
- 28 hours
- Exam Time
- 2 Hours
- Full Price
- $550.00
- AI Price
- $525.00
Enroll by February 10!
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
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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 | 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 | QE | 30 | 28 | 2 | Classroom | Classroom | 11/14/2024 | 09/30/2026 | CO2669 |
| 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 | 06/12/2023 | 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 | 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 | 06/12/2026 | 23-327 | |
| HI | CE | 30 | 28 | 2 | Classroom | Classroom | 01/01/2024 | 06/12/2026 | 23-327 |
| HI | QE | 30 | 28 | 2 | Classroom | Classroom | 01/01/2024 | 06/12/2026 | 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 | 06/12/2023 | 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 | 28 | 28 | Classroom | Classroom | 07/01/2024 | 05/30/2025 | ||
| KY | QE | 30 | 28 | 2 | Classroom | Classroom | 07/01/2024 | 05/30/2025 | |
| LA | CE | 28 | 28 | Classroom | Classroom | 04/11/2024 | 06/12/2026 | ||
| LA | QE | 30 | 28 | 2 | Classroom | Classroom | 04/11/2024 | 06/12/2026 | |
| 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 | QE | 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 | 05/17/2018 | 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 | 11/04/2024 | 10/31/2025 | CE.0009602-A | |
| NV | QE | 30 | 28 | 2 | Classroom | Classroom | 08/01/2024 | 07/31/2025 | PL.0009464-A |
| NY | CE | 28 | 28 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | A5487-28 | |
| NY | QE | 30 | 28 | 2 | Classroom | Classroom | 10/01/2024 | 09/30/2025 | 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 | 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 | 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 | CE | 30 | 28 | 2 | Classroom | Classroom | 09/01/2024 | 08/31/2026 | AC . 764 |
| SC | QE | 30 | 28 | 2 | Classroom | Classroom | 09/01/2024 | 08/31/2026 | AC . 764, QE1764 |
| 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 #: 48182 |
| 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 | 06/12/2023 | 06/12/2026 | 74333 |
| 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 | 06/12/2023 | 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:
- 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 calculator, take Using Your HP-12C Financial Calculator.
- HP-12C calculator User’s Manual.
Additional Information:
- Course Handbook (430 pp.)
- Suggested Solutions (160 pp.)
 | 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
Course Materials & Recommended Books
Pricing Options
| Rate | Full Price | AI Price |
|---|---|---|
| Standard
Today thru 02/10/2025 |
$550.00 | $525.00 |
Have Exam Questions?
Additional Course Offerings
| Sponsor | Date | Location | Format | ||
|---|---|---|---|---|---|
| Appraisal Institute | On Demand | Online | View Details | Register | |
| Massachusetts Rhode Island and Maine Chapter | March 7-15, 2025 | Braintree, MA | Classroom | View Details | Register |
Event Information
This class is at DePaul University's Loop Campus at 1 E Jackson. Before 8:30 a.m., you need to enter through 333 S. State. Take the first left, and then find the elevators on the right. Take the elevator to the 8th floor.
Food will not be provided in this class. However, there are many options in the building for coffee and snacks.
The Chicago Chapter will not provide printed materials for this class. You are required to order the printed materials ahead of time. You are required to bring a laptop and your calculator to class.
The class is 8:30 am - 4:30 pm Mon-Thursday. The exam for this class is Thursday afternoon.
Need assistance paying for your classes with the Appraisal Institute? Before you register, consider applying for a scholarship thru the Chicago Chapter of AI or the AI Education and Relief Foundation.