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    General Appraiser Income Approach/Part 1

    More Info Register
    October 6-9, 2025 Chicago, IL
    Date
    October 6-9, 2025
    Time
    8:30AM - 5:00PM (CST)
    Sponsor
    Chicago Chapter
    Location
    DePaul University - Loop Campus
    1 E. Jackson
    Room 8206
    Chicago, IL 60614
    Instructor
    Jeffrey Alan Jacobson, MAI, SRA
    Class Time
    27 hours
    Exam Time
    3 Hours
    Full Price
    $525.00
    AI Price
    $500.00
    Enroll by September 22 and save $25!
    View Pricing Options
    Classroom
    Topics:
    Valuation Approaches
    Upgrade your career
    Commercial
    General Appraiser Income Approach/Part 1
    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.  


    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.
    Course Description
    After a brief review and introduction, General Appraiser Income Approach/Part 1 opens with a graphic treatment of the time value of money, the six financial functions of a dollar, and important associated concepts. A thorough, detailed analysis of gross income including leases and the various expenses appropriately deducted from gross income follows, with realistic case studies of several income property types. Direct capitalization is then presented using overall capitalization rates, band of investment, and residual techniques. Substantial class time is devoted to practicing the taught concepts to prepare participants for the exam.

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    Who Should Enroll
    • Those seeking general real property appraiser certification    
    • Underwriters    
    • Lenders    
    • Assessors    
    AI CE Points
    Attend:
    175
    pts
    Attend & Pass Exam:
    225
    pts
    Pass Only:
    200
    pts
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    Course Objectives
    • Expand competencies in performing income and expense analysis.    
    • Gain a foundation in direct capitalization techniques and applications.    
    • Extract and apply rates from the market.    
    • Identify fundamentals of risk and investment analysis.    
    • Expand competency in compound interest theory and calculations.    
    • Forecast revenues.    
    • Estimate expenses.    
    • Value partial interests.
    Course Details

    Program Overview:
    Table of Contents and Overview
    Course Schedule

    Assignments:
    No

    Equipment:

    Additional Information:
    Course Materials Include:

    • Course Handbook (488 pp.)
    • Solutions Booklet / Self-Study Problems (390 pp.)

    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
    Early-Bird
    Today thru 09/22/2025     		$525.00 $500.00
    Standard
    09/23/2025 thru 10/06/2025     		$550.00 $525.00
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    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.  


    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.