Real Estate Finance, Statistics, and Valuation Modeling
Register
- Date
- On Demand
- Sponsor
- Appraisal Institute
- Location
- Instructor
- Kenneth G. Foltz, MAI, SRA
Kenneth M. Lusht, MAI, SRA - Class Time
- 14 hours
- Exam Time
- 1 Hour
- Full Price
- $350.00
- AI Price
- $295.00
Course Description
This course introduces the topics of statistics, real estate finance, and modeling with applications to residential and commercial real estate appraisal. During the first half of the course, you will develop an understanding of basic statistics and statistical analysis and learn how those skills can be used in valuation and evaluation practice. In the second half, you will gain an understanding of real estate finance markets, learn about credit conditions and their impact on values and appraisal, and calculate and interpret fundamental numbers on loan payments and balances. You’ll gain insights into financial history, how mortgages impact value, and learn about measuring volatility and standard deviations.
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Who Should Enroll
- Beginning real property appraisers
- Real estate professionals
- Users of appraisal services
- Accountants
AI CE Points
Attend:
175
Attend & Pass Exam:
225
Pass Only:
200
State Approvals
| State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Approval Format | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|---|
| AK | CE | 15 | 14 | 1 | Online | Online | 06/02/2022 | 06/01/2025 | 19156 |
| AK | QE | 15 | 14 | 1 | Online | Online | 06/02/2022 | 06/01/2025 | 19156 |
| AL | CE | 15 | 14 | 1 | Online | Online | 10/01/2022 | 09/30/2024 | C02678 |
| AL | QE | 15 | 14 | 1 | Online | Online | 10/01/2022 | 09/30/2024 | C02678 |
| AL | QE | 15 | 14 | 1 | Online | Online | 11/17/2022 | 09/30/2024 | C02682 |
| AR | CE | 15 | 14 | 1 | Online | Online | 05/06/2022 | 06/01/2025 | AI017 |
| AR | QE | 15 | 14 | 1 | Online | Online | 04/01/2022 | 06/01/2025 | AI017 |
| AZ | CE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | 56222 |
| AZ | QE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | 56222 |
| CA | CE | 14 | 14 | Online | Online | 12/03/2022 | 12/02/2026 | 07754113 | |
| CA | CE | 14 | 14 | Online | Online | 12/03/2022 | 12/02/2026 | 07754113 | |
| CA | QE | 15 | 14 | 1 | Online | Online | 12/03/2022 | 12/02/2026 | 07754113 |
| CA | QE | 15 | 14 | 1 | Online | Online | 12/03/2022 | 12/02/2026 | 07754113 |
| CO | CE | 14 | 14 | Online | Online | 01/21/2024 | 06/01/2025 | 2531 | |
| CO | QE | 15 | 14 | 1 | Online | Online | 01/21/2024 | 06/01/2025 | 2531 |
| CT | CE | 14 | 14 | Online | Online | 06/08/2022 | 06/01/2025 | AAL.000942 | |
| CT | QE | 15 | 14 | 1 | Online | Online | 06/08/2022 | 06/01/2025 | APR.000259 |
| DC | CE | 15 | 14 | 1 | Online | Online | 02/29/2024 | 02/28/2026 | 4022 |
| DC | QE | 15 | 14 | 1 | Online | Online | 02/29/2024 | 02/28/2026 | 4022 |
| DE | CE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | 56222 |
| DE | QE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | 56222 |
| FL | CE | 14 | 14 | Online | Online | 04/01/2024 | 03/31/2026 | 0008236 | |
| FL | QE | 15 | 14 | 1 | Online | Online | 03/26/2024 | 03/25/2026 | 0009397 |
| GA | CE | 15 | 14 | 1 | Online | Online | 08/06/2007 | 53912 | |
| GA | CE | 14 | 14 | Online | Online | 08/06/2007 | 53912 | ||
| GA | QE | 15 | 14 | 1 | Online | Online | 02/05/2007 | 51935 | |
| HI | CE | 15 | 14 | 1 | Online | Online | 11/07/2023 | 12/31/2024 | 23-388 |
| HI | CE | 14 | 14 | Online | Online | 11/07/2023 | 12/31/2024 | 23-388 | |
| HI | QE | 15 | 14 | 1 | Online | Online | 11/07/2023 | 12/31/2024 | 23-388 |
| IA | CE | 14 | 14 | Online | Online | 05/05/2022 | 06/01/2025 | A518-719 | |
| IA | CE | 15 | 14 | 1 | Online | Online | 05/05/2022 | 06/01/2025 | A518-1059 |
| IA | QE | 15 | 14 | 1 | Online | Online | 05/05/2022 | 06/01/2025 | A518-720 |
| ID | CE | 15 | 14 | 1 | Online | Online | 06/02/2022 | 07/20/2024 | |
| ID | QE | 15 | 15 | Online | Online | 06/02/2022 | 07/20/2024 | ||
| IL | CE | 14 | 14 | Online | Online | 01/01/2023 | 12/31/2024 | 575.001369 | |
| IL | QE | 15 | 14 | 1 | Online | Online | 01/01/2023 | 12/31/2024 | 573.000490 |
| IN | CE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | 56222 |
| IN | QE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | 56222 |
| KS | CE | 14 | 14 | Online | Online | 01/01/2024 | 12/31/2024 | 223.C24.R | |
| KS | QE | 15 | 14 | 1 | Online | Online | 01/01/2024 | 12/31/2024 | 325.P24.R |
| KY | CE | 15 | 14 | 1 | Online | Online | 07/01/2023 | 06/30/2024 | |
| KY | QE | 15 | 14 | 1 | Online | Online | 07/01/2023 | 06/30/2024 | |
| LA | CE | 15 | 14 | 1 | Online | Online | 06/02/2022 | 06/01/2025 | |
| LA | QE | 15 | 14 | 1 | Online | Online | 06/02/2022 | 06/01/2025 | |
| MA | CE | 15 | 14 | 1 | Online | Online | 06/02/2022 | 06/01/2025 | 120081 |
| MA | QE | 15 | 14 | 1 | Online | Online | 05/17/2022 | 06/01/2024 | 120081 |
| MD | CE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | 56222 |
| MD | QE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | 56222 |
| ME | CE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | 56222 |
| ME | QE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | 56222 |
| MI | CE | 14 | 14 | Online | Online | 03/05/2024 | 03/05/2027 | 20 - 948467 | |
| MI | QE | 15 | 14 | 1 | Online | Online | 03/12/2024 | 03/12/2027 | 20-1179830 |
| MN | CE | 15 | 14 | 1 | Online | Online | 05/01/2023 | 04/30/2025 | 1018387 |
| MN | CE | 14 | 14 | Online | Online | 05/01/2023 | 04/30/2025 | 1018388 | |
| MN | QE | 15 | 14 | 1 | Online | Online | 05/01/2023 | 04/30/2025 | 1018386 |
| MO | CE | 14 | 14 | Online | Online | 04/22/2022 | 06/01/2025 | ||
| MO | QE | 15 | 14 | 1 | Online | Online | 04/22/2022 | 06/01/2025 | |
| MS | CE | 14 | 14 | Online | Online | 06/02/2019 | 06/01/2025 | MAB #49442 | |
| MS | QE | 15 | 14 | 1 | Online | Online | 06/02/2019 | 06/01/2025 | MAB #49442 |
| MT | CE | 14 | 14 | Online | Online | 05/04/2022 | 05/04/2025 | REA-CEC-REC-15350 | |
| MT | QE | 15 | 14 | 1 | Online | Online | 05/04/2022 | 05/04/2025 | REA-CEC-REC-15350 |
| NC | QE | 15 | 14 | 1 | Online | Online | 01/01/2024 | 12/31/2024 | |
| ND | CE | 15 | 14 | 1 | Online | Online | 09/05/2007 | QE-2711 | |
| ND | QE | 15 | 14 | 1 | Online | Online | 09/05/2007 | QE-2711 | |
| NE | QE | 15 | 14 | 1 | Online | Online | 09/01/2019 | 06/01/2022 | 1192469.02 |
| NE | QE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | 56222 |
| NH | CE | 15 | 14 | 1 | Online | Online | 09/16/2022 | 06/01/2025 | |
| NH | QE | 15 | 14 | 1 | Online | Online | 09/16/2022 | 06/01/2025 | |
| NJ | CE | 14 | 14 | Online | Online | 04/20/2022 | 2022-3455 | ||
| NJ | QE | 15 | 14 | 1 | Online | Online | 04/20/2022 | 2022-3455 | |
| NV | QE | 15 | 14 | 1 | Online | Online | 01/01/2024 | 10/31/2024 | PL.0009590-A |
| NY | CE | 14 | 14 | 14 | Online | Online | 01/01/2024 | 12/31/2024 | A5539-14 |
| NY | QE | 15 | 14 | 1 | Online | Online | 09/30/2023 | 09/30/2024 | Q0314 |
| OH | CE | 14 | 14 | Online | Online | 01/01/2024 | 12/31/2024 | 923402505A 23 | |
| OH | QE | 15 | 14 | 1 | Online | Online | 01/01/2012 | ||
| OH | QE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | 56222 |
| OK | CE | 14 | 14 | Online | Online | 04/25/2022 | 06/01/2025 | 60H | |
| OK | QE | 15 | 14 | 1 | Online | Online | 04/25/2022 | 06/01/2025 | 60H |
| PA | CE | 14 | 14 | Online | Online | 06/16/2022 | 06/01/2025 | ||
| PA | QE | 15 | 14 | 1 | Online | Online | 06/16/2022 | 06/01/2025 | |
| PR | CE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | 56222 |
| PR | QE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | 56222 |
| RI | CE | 14 | 14 | Online | Online | 05/18/2022 | 06/01/2025 | REA.0001883-CE | |
| RI | QE | 15 | 14 | 1 | Online | Online | 05/18/2022 | 06/01/2025 | REA.0001883-CE |
| SC | QE | 15 | 14 | 1 | Online | Online | 09/01/2014 | 08/31/2024 | AS.1DQE-8 |
| SD | CE | 15 | 14 | 1 | Online | Online | 07/12/2022 | 05/11/2026 | SD 1582 CE |
| SD | QE | 15 | 14 | 1 | Online | Online | 05/13/2022 | 05/13/2025 | SD 454 |
| TN | CE | 14 | 14 | Online | Online | 10/01/2023 | 09/30/2025 | 1123 | |
| TN | QE | 15 | 14 | 1 | Online | Online | 07/15/2023 | 09/30/2025 | 1123 |
| TX | CE | 14 | 14 | Online | Online | 06/01/2022 | 06/01/2024 | TX Provider #:10 Course #: 43473 | |
| TX | CE | 14 | 14 | Online | Online | 06/02/2024 | 06/01/2025 | TX Provider #:10 Course #: 49025 | |
| TX | QE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | TX Provider #: 8038 Course #: 27897 |
| UT | CE | 14 | 14 | Online | Online | 10/01/2022 | 09/30/2024 | AC220905 | |
| UT | QE | 15 | 14 | 1 | Online | Online | 04/01/2024 | 03/31/2026 | AQ240310 |
| VA | CE | 15 | 14 | 1 | Online | Online | 07/01/2008 | ||
| VA | CE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | 56222 |
| VA | QE | 15 | 14 | 1 | Online | Online | 09/01/2023 | 09/30/2025 | 4006000911 |
| VT | CE | 14 | 14 | Online | Online | 06/02/2023 | 05/02/2026 | ||
| VT | QE | 15 | 14 | 1 | Online | Online | 05/02/2022 | 05/02/2026 | |
| WA | CE | 14 | 14 | Online | Online | 05/13/2022 | 06/01/2025 | A2087 | |
| WA | QE | 15 | 14 | 1 | Online | Online | 05/13/2022 | 06/01/2025 | A2087 |
| WI | CE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | 56222 |
| WI | QE | 15 | 14 | 1 | Online | Online | 06/01/2022 | 06/01/2025 | 56222 |
| WV | CE | 14 | 14 | Online | Online | 06/24/2022 | 06/01/2025 | ||
| WV | QE | 15 | 14 | 1 | Online | Online | 06/24/2022 | 06/01/2025 | |
| WY | CE | 14 | 14 | Online | Online | 05/26/2022 | 05/26/2025 | ||
| WY | QE | 15 | 14 | 1 | Online | Online | 06/02/2022 | 06/01/2025 | 91 |
Course Objectives
- Review and apply basic statistical principles and statistical analysis techniques, and recognize how they can be used in valuation.
- Describe the essential functions of real estate finance markets; recognize the impact of credit conditions on values and appraisal; and calculate and interpret fundamental numbers, such as loan payments and balances.
Course Details
Program Overview:
Online Syllabus
Assignments:
Yes. After you register for this class, please go to your Education and Events page for details on what you must complete BEFORE class begins.
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 our online seminar Using Your HP-12C Financial Calculator
- HP-12C calculator User’s Manual
Additional Information:
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.
Technology-Based Education Student Disclaimer
I agree to the terms and policies set forth under the Appraisal Institute Education Policy. I also certify that I am the person identified under Personal Data and that I will personally complete each assigned component of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a Designated member, Candidate for Designation, Practicing Affiliate, or Affiliate of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute, and such peer review proceeding may result in termination of my Appraisal Institute membership, candidacy, and/or affiliation.
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:
Prerequisites
Course Materials & Recommended Books
- A Guide to Appraisal Valuation Modeling
- Practical Applications in Appraisal Valuation Modeling
- An Introduction to Statistics for Appraisers
- The Appraisal of Real Estate, 15th ed.
- Real Estate Finance, 10th ed., John Weidemer, J. Keith Baker, 2015
Pricing Options
| Rate | Full Price | AI Price |
|---|---|---|
| Standard
Today thru 12/31/2050 |
$350.00 | $295.00 |
Have Exam Questions?
Additional Course Offerings
| Sponsor | Date | Location | Format | ||
|---|---|---|---|---|---|
| Appraisal Institute | May 6-9, 2024 | Synchronous | View Details | Register | |
| Massachusetts Rhode Island and Maine Chapter | June 12-13, 2024 | Reading, MA | Classroom | View Details | Register |
| Appraisal Institute | December 2-5, 2024 | Synchronous | View Details | Register |