- Date
- April 24-25, 2025
- Time
- 8:30AM - 4:30PM (CST)
- Sponsor
- Chicago Chapter
- Location
- NorthWest Illinois Alliance of REALTORS®
1161 Tebala Blvd
Rockford, IL 61108
- Instructor
- John H. Urubek, MAI, AI-GRS
- Class Time
- 14 hours
- Exam Time
- 1 Hour
- Full Price
- $325.00
- AI Price
- $300.00
Enroll by April 1 and save $25!
View Pricing Options
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 | Classroom | Classroom | 07/09/2024 | 05/10/2027 | 19949 |
| AK | QE | 15 | 14 | 1 | Classroom | Classroom | 07/09/2024 | 05/10/2027 | 19949 |
| AR | CE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 03/01/2027 | AI037 |
| AR | QE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 03/01/2027 | AI037 |
| AZ | CE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | 74550 |
| AZ | QE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | 74550 |
| CA | CE | 14 | 14 | Classroom | Classroom | 07/29/2023 | 07/28/2027 | 11754219 | |
| CA | QE | 15 | 14 | 1 | Classroom | Classroom | 07/29/2023 | 07/28/2027 | 11754219 |
| CO | CE | 14 | 14 | Classroom | Classroom | 01/21/2024 | 06/01/2025 | 2533 | |
| CO | CE | 15 | 14 | 1 | Classroom | Classroom | 01/21/2024 | 06/01/2025 | 2533 |
| CO | QE | 15 | 14 | 1 | Classroom | Classroom | 01/21/2024 | 06/01/2025 | 2533 |
| DC | CE | 15 | 14 | 1 | Classroom | Classroom | 02/29/2024 | 02/28/2026 | 3129 |
| DC | QE | 15 | 14 | 1 | Classroom | Classroom | 02/29/2024 | 02/28/2026 | 3129 |
| DE | CE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | 74550 |
| DE | QE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | 74550 |
| FL | QE | 15 | 14 | 1 | Classroom | Classroom | 09/14/2023 | 09/13/2025 | 0008892 |
| GA | CE | 14 | 14 | Classroom | Classroom | 08/20/2011 | 62074 | ||
| GA | CE | 15 | 14 | 1 | Classroom | Classroom | 08/21/2011 | 62073 | |
| GA | QE | 15 | 14 | 1 | Classroom | Classroom | 08/20/2011 | 62073 | |
| IA | CE | 14 | 14 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | A518-1131 | |
| IA | CE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | A518-1132 |
| IA | QE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | A518-2133 |
| ID | CE | 14 | 14 | Classroom | Classroom | 07/21/2024 | 05/08/2028 | ||
| ID | QE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 05/08/2028 | |
| IL | CE | 14 | 14 | Classroom | Classroom | 01/01/2023 | 12/31/2024 | 575.001677 | |
| IL | QE | 15 | 14 | 1 | Classroom | Classroom | 01/01/2023 | 12/31/2024 | 573.000572 |
| IN | CE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | 74550 |
| IN | QE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | 74550 |
| KS | CE | 14 | 14 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 224.C24.R | |
| KS | QE | 15 | 14 | 1 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 324.P24.R |
| KY | CE | 14 | 14 | Classroom | Classroom | 07/01/2024 | 05/30/2025 | ||
| KY | QE | 15 | 14 | 1 | Classroom | Classroom | 07/01/2024 | 05/30/2025 | |
| LA | CE | 15 | 14 | 1 | Classroom | Classroom | 07/20/2024 | 07/20/2027 | A0123 |
| LA | QE | 15 | 14 | 1 | Classroom | Classroom | 07/20/2024 | 07/20/2027 | A0123 |
| MA | CE | 14 | 14 | Classroom | Classroom | 08/15/2024 | 06/01/2025 | 00120141 | |
| MA | QE | 15 | 14 | 1 | Classroom | Classroom | 08/15/2024 | 06/01/2025 | 00120141 |
| MD | CE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | 74550 |
| MD | QE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | 74550 |
| ME | CE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | 74550 |
| ME | QE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | 74550 |
| MI | CE | 14 | 14 | Classroom | Classroom | 09/13/2023 | 09/13/2026 | 20 - 1107044 | |
| MI | QE | 15 | 14 | 1 | Classroom | Classroom | 09/13/2023 | 09/13/2026 | 20 - 1107034 |
| MN | CE | 15 | 14 | 1 | Classroom | Classroom | 10/01/2021 | 12/31/2024 | 1034119 |
| MN | QE | 15 | 14 | 1 | Classroom | Classroom | 12/22/2022 | 12/31/2024 | 1034118 |
| MO | CE | 14 | 14 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | ||
| MO | QE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | |
| MS | CE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2026 | MAB #49734 |
| MT | CE | 15 | 14 | 1 | Classroom | Classroom | 08/20/2024 | 07/20/2027 | REA-CEC-REC-18205 |
| MT | QE | 15 | 14 | 1 | Classroom | Classroom | 08/20/2024 | 07/20/2027 | REA-CEC-REC-18205 |
| NC | QE | 15 | 14 | 1 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | |
| ND | QE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 05/08/2028 | QE-223017 |
| NE | QE | 15 | 14 | 1 | Classroom | Classroom | 05/26/2017 | 1171416.02 | |
| NM | CE | 14 | 14 | Classroom | Classroom | 07/23/2024 | 07/20/2027 | 4457 | |
| NM | QE | 15 | 14 | 1 | Classroom | Classroom | 07/23/2024 | 07/20/2027 | 4457 |
| NV | CE | 15 | 14 | 1 | Classroom | Classroom | 09/30/2024 | 09/30/2025 | CE.00009873-A |
| NV | QE | 15 | 14 | 1 | Classroom | Classroom | 04/01/2024 | 09/30/2025 | PL.0008522-A, 123 |
| NY | CE | 14 | 14 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | A5539-14 | |
| OH | CE | 14 | 14 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 084401404A 22 | |
| OH | QE | 15 | 14 | 1 | Classroom | Classroom | 10/01/2011 | 07/20/2027 | 74550 |
| OK | CE | 15 | 14 | 1 | Classroom | Classroom | 08/29/2024 | 06/01/2025 | 621 |
| OK | QE | 15 | 14 | 1 | Classroom | Classroom | 08/29/2024 | 06/01/2025 | 621 |
| PA | CE | 15 | 14 | 1 | Classroom | Classroom | 08/20/2024 | 07/20/2027 | AA0005593433 |
| PR | CE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | 74550 |
| PR | QE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | 74550 |
| RI | CE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | REA.0002218-CE |
| RI | QE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | REA.0002218-CE |
| SC | CE | 15 | 14 | 1 | Classroom | Classroom | 09/01/2024 | 08/31/2026 | AC . 2041 |
| SC | QE | 15 | 14 | 1 | Classroom | Classroom | 09/01/2024 | 08/31/2026 | AC . 2041 |
| SD | CE | 14 | 14 | Classroom | Classroom | 08/06/2024 | 07/20/2027 | SD 550 | |
| SD | QE | 15 | 14 | 1 | Classroom | Classroom | 08/06/2024 | 07/20/2027 | SD 550 |
| TN | CE | 14 | 14 | Classroom | Classroom | 12/01/2023 | 11/30/2025 | 1540 | |
| TN | QE | 15 | 14 | 1 | Classroom | Classroom | 12/01/2023 | 11/30/2025 | 1540 |
| TX | QE | 15 | 14 | 1 | Classroom | Classroom | 09/17/2024 | 07/20/2027 | TX Provider #: 8038 Course #: 48731 |
| UT | CE | 14 | 14 | Classroom | Classroom | 12/01/2023 | 11/30/2025 | AC231113 | |
| UT | QE | 15 | 14 | 1 | Classroom | Classroom | 12/01/2023 | 11/30/2025 | AQ231127 |
| VA | CE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | 74550 |
| VA | QE | 15 | 14 | 1 | Classroom | Classroom | 10/01/2023 | 09/30/2025 | 4006000475 |
| VT | CE | 14 | 14 | Classroom | Classroom | 01/01/2022 | 05/02/2026 | ||
| VT | QE | 15 | 14 | 1 | Classroom | Classroom | 01/21/2021 | 01/21/2025 | |
| WI | CE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | 74550 |
| WI | QE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 07/20/2027 | 74550 |
| WV | CE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 05/24/2027 | |
| WV | QE | 15 | 14 | 1 | Classroom | Classroom | 07/21/2024 | 05/24/2027 | |
| WY | CE | 14 | 14 | Classroom | Classroom | 01/21/2021 | 01/21/2025 | ||
| WY | QE | 15 | 14 | 1 | Classroom | Classroom | 08/29/2023 | 08/28/2026 |
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:
Table of Contents and Overview
Course Schedule
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:
Course Materials Include:
- Course Handbook (335 pp.)
- Solutions Booklet (58 pp.)
- Pre-Class Downloads (31.9 KB)
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.
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 |
|---|---|---|
| Early-Bird
Today thru 04/01/2025 |
$325.00 | $300.00 |
| Standard
04/02/2025 thru 04/24/2025 |
$350.00 | $325.00 |
Have Exam Questions?
Additional Course Offerings
| Sponsor | Date | Location | Format | ||
|---|---|---|---|---|---|
| Hoosier State Chapter | October 23-24, 2024 | Indianapolis, IN | Classroom | View Details | Register |
| Appraisal Institute | On Demand | Online | View Details | Register | |
| Appraisal Institute | December 2-5, 2024 | Synchronous | View Details | Register |
Event Information
This class is at Northwest Alliance of Realtors in Rockford. Class begins promptly at 8:30 am on both days and is scheduled until 4:30 pm each day.
Food will not be provided in this class.
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.
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.