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    Basic Appraisal Principles

    Register
    On Demand
    Date
    On Demand
    Sponsor
    Appraisal Institute
    Location
    Instructor
    Craig M. Harrington, SRA, AI-RRS
    Richard C. DuBay, SRPA, SRA
    Class Time
    28 hours
    Exam Time
    2 Hours
    Full Price
    $480.00
    AI Price
    $405.00
    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 28 28 Online Online 09/21/2022 07/08/2024 18414
    AK QE 30 28 2 Online Online 09/21/2022 06/01/2025 18414
    AL CE 28 28 Online Online 10/01/2022 09/30/2024 C02668
    AL QE 30 28 2 Online Online 10/01/2022 09/30/2024 C02668
    AR CE 30 28 2 Online Online 05/07/2024 03/01/2026 AI008
    AR QE 30 28 2 Online Online 05/07/2024 03/01/2026 AI008
    AZ CE 30 28 2 Online Online 06/01/2022 06/01/2025 56729
    AZ QE 30 28 2 Online Online 06/01/2022 06/01/2025 56729
    CA CE 28 28 Online Online 06/24/2023 06/23/2027 07754116
    CA QE 30 28 2 Online Online 06/24/2023 06/23/2027 07754116
    CO CE 30 28 2 Online Online 03/08/2023 06/01/2025 2373
    CO CE 30 28 2 Online Online 03/08/2023 06/01/2025 2373
    CO CE 28 28 Online Online 03/08/2023 06/01/2025 2373
    CO CE 28 28 Online Online 03/08/2023 06/01/2025 2373
    CO QE 30 28 2 Online Online 03/08/2023 06/01/2025 2373
    CO QE 30 28 2 Online Online 03/08/2023 06/01/2025 2373
    CT CE 18 18 Online Online 04/11/2024 06/01/2025 AAL.001183
    CT QE 30 28 2 Online Online 01/01/2022 01/01/2025 APR.000269
    DC CE 28 28 Online Online 01/18/2024 02/28/2026 4008
    DC QE 30 28 2 Online Online 01/18/2024 02/28/2026 4008
    DE CE 30 28 2 Online Online 06/01/2022 06/01/2025 56729
    DE QE 30 28 2 Online Online 06/01/2022 06/01/2025 56729
    FL CE 20 20 Online Online 12/12/2022 12/11/2024 0009054
    FL QE 30 28 2 Online Online 05/29/2023 05/28/2025 0009413
    GA CE 28 28 Online Online 06/02/2023 06/01/2025 70821
    GA QE 30 28 2 Online Online 06/02/2022 06/01/2025 74676
    HI CE 30 28 2 Online Online 01/01/2024 12/31/2024 23-378
    HI CE 28 28 Online Online 01/01/2024 12/31/2024 23-378
    HI QE 30 28 2 Online Online 01/01/2024 12/31/2024 23-378
    IA CE 30 28 2 Online Online 04/29/2022 06/01/2025 A518-1056
    IA CE 28 28 Online Online 04/29/2022 06/01/2025 A518-595
    IA QE 30 28 2 Online Online 04/29/2022 06/01/2025 A518-596
    ID CE 28 28 Online Online 09/09/2022 06/01/2025
    ID QE 30 28 2 Online Online 09/09/2022 06/01/2025
    IL CE 28 28 Online Online 01/01/2023 12/31/2024 575.001370
    IL QE 30 28 2 Online Online 01/01/2022 12/31/2024 573.000583
    IN CE 30 28 2 Online Online 06/01/2022 06/01/2025 56729
    IN QE 30 28 2 Online Online 06/01/2022 06/01/2025 56729
    KS CE 28 28 Online Online 01/01/2024 12/31/2024 449.C24.N
    KS QE 30 28 2 Online Online 01/01/2024 12/31/2024 303.P24.R
    KY CE 30 28 2 Online Online 07/01/2023 06/30/2024
    KY QE 30 28 2 Online Online 07/01/2023 06/30/2024
    LA CE 28 28 Online Online 09/09/2019
    LA QE 30 28 2 Online Online 09/09/2019
    MA CE 28 28 Online Online 04/11/2024 06/01/2025 00120041
    MA QE 30 28 2 Online Online 03/27/2023 06/01/2025 120149
    MD CE 30 28 2 Online Online 06/01/2022 06/01/2025 56729
    MD QE 30 28 2 Online Online 06/01/2022 06/01/2025 56729
    ME CE 30 28 2 Online Online 06/01/2022 06/01/2025 56729
    ME QE 30 28 2 Online Online 06/01/2022 06/01/2025 56729
    MI CE 28 28 Online Online 04/11/2024 06/01/2025 20 - 938673
    MI QE 30 28 2 Online Online 04/11/2024 04/11/2027 20-938599
    MN CE 30 28 2 Online Online 03/01/2023 02/28/2025 1017880
    MN QE 30 28 2 Online Online 03/01/2023 02/28/2025 1017879
    MO CE 28 28 Online Online 04/22/2022 06/01/2025
    MO QE 30 28 2 Online Online 04/22/2022 06/01/2025
    MS CE 28 28 Online Online 10/27/2022 10/27/2024 MAB #49735
    MS QE 30 28 2 Online Online 10/27/2022 10/27/2024 MAB# 49735
    MT CE 28 28 Online Online 05/04/2022 05/04/2025 REA-CEC-REC-14320
    MT QE 30 28 2 Online Online 05/04/2022 05/04/2025 REA-CEC-REC-14320
    NC QE 30 28 2 Online Online 01/01/2024 12/31/2024
    ND CE 30 28 2 Online Online 09/05/2007 QE-2709
    ND QE 30 28 2 Online Online 09/05/2007 QE-2709
    NE QE 30 28 2 Online Online 06/01/2022 06/01/2025 1192451.02
    NH CE 30 28 2 Online Online 07/07/2022 06/01/2025
    NH QE 30 28 2 Online Online 03/01/2023 06/01/2025
    NJ CE 28 28 Online Online 04/20/2022 2022-3452
    NJ QE 30 28 2 Online Online 04/20/2022 2022-3452
    NM CE 28 28 Online Online 06/02/2022 06/01/2025 1985
    NM QE 30 28 2 Online Online 06/02/2022 06/01/2025 1985
    NV CE 28 28 Online Online 01/01/2024 12/31/2024 CE.0009526-A
    NV QE 30 28 2 Online Online 08/01/2023 08/01/2024 PL.0009526-A
    NY CE 28 28 Online Online 01/01/2024 12/31/2024 A5487-28
    NY QE 30 28 2 Online Online 10/01/2023 09/30/2024 Q0203 R5
    OH CE 28 28 Online Online 01/01/2024 12/31/2024 923401009A 22
    OH QE 30 28 2 Online Online 01/01/2012
    OH QE 30 28 2 Online Online 06/01/2022 06/01/2025 56729
    OK CE 28 28 Online Online 04/25/2022 06/01/2025 60B
    OK QE 30 28 2 Online Online 04/25/2022 06/01/2025 60B
    OR CE 28 28 Online Online 06/02/2022 06/01/2025 APIN-Q-0323-8972
    OR QE 30 28 2 Online Online 06/02/2022 06/01/2025 APIN-Q-0323-8971
    PA CE 30 28 2 Online Online 06/02/2022 06/01/2025
    PA QE 30 28 2 Online Online 06/16/2022 06/01/2025
    PR CE 30 28 2 Online Online 06/01/2022 06/01/2025 56729
    PR QE 30 28 2 Online Online 06/01/2022 06/01/2025 56729
    RI CE 28 28 Online Online 04/11/2022 06/01/2025 REA.0001861-CE
    RI QE 30 28 2 Online Online 04/11/2022 06/01/2025 REA.0001861-CE
    SC QE 30 28 2 Online Online 09/01/2022 08/31/2024 AS.1DQE-1
    SD CE 30 28 2 Online Online 07/12/2022 05/31/2025 SD 456
    SD QE 30 28 2 Online Online 05/13/2022 05/13/2025 SD 456
    TN CE 28 28 Online Online 09/01/2022 08/31/2024 2405
    TN QE 30 28 2 Online Online 09/01/2022 08/31/2024 2405
    TX CE 28 28 Online Online 06/13/2022 06/13/2024 TX Provider #: 10 Course #: 39238
    TX CE 28 28 Online Online 06/14/2024 06/01/2025 TX Provider #: 10 Course #: 49021
    TX QE 30 28 2 Online Online 06/13/2023 06/01/2025 TX Provider #:8038 Course #: 27856
    UT CE 28 28 Online Online 03/16/2023 03/31/2025 AC230322
    UT QE 30 28 2 Online Online 04/01/2024 03/31/2026 AQ240311
    VA CE 30 28 2 Online Online 06/01/2022 06/01/2025 56729
    VA QE 30 28 2 Online Online 08/01/2022 07/31/2024 4006000559
    VA QE 30 28 2 Online Online 08/01/2024 06/01/2025 4006000559
    VT CE 28 28 Online Online 04/09/2024 03/16/2025
    VT QE 30 28 2 Online Online 06/02/2022 03/02/2027 CA-171780
    WA CE 28 28 Online Online 04/11/2024 06/01/2025 A24001742
    WA QE 30 28 2 Online Online 04/11/2024 06/01/2025 A24001742
    WI CE 30 28 2 Online Online 06/01/2022 06/01/2025 56729
    WI QE 30 28 2 Online Online 06/01/2022 06/01/2025 56729
    WV CE 28 28 Online Online 06/13/2023 06/01/2025
    WV QE 30 28 2 Online Online 06/13/2023 06/01/2025
    WY CE 28 28 Online Online 04/07/2022 06/01/2025
    WY QE 30 28 2 Online Online 04/07/2022 06/01/2025
    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:

    Online Syllabus

    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, take our online seminar Using Your HP-12C Financial Calculator
    • HP-12C calculator User’s Manual

    Additional Information:

    The cost of this course includes a course handbook that will be available for immediate download.

    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.

    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:

    Online Education FAQ

    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 12/31/2050
    $480.00 $405.00
    Have Exam Questions?
    Additional Course Offerings
    Sponsor Date Location Format
    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
    North Star Chapter July 29 - August 1, 2024 Maple Grove, MN Classroom 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