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General Appraiser Income Approach/Part 1 Education Schedule (PDF)
Education Catalog (PDF)
Some AI educational programs may not be approved in every state.
Students should check state approvals prior to registering for any Appraisal Institute program.

ClassroomOn-Demand Online EducationLive Online (Synchronous)

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 participant for the exam.

National Registry of CPE SponsorsThe 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:

Delivery Method: Group-Live

Program Overview
• Acknowledgments and Table of Contents (PDF)
• Course Schedule (PDF)

Recommended Text
• Capitalization Theory and Techniques Study Guide, 3rd ed.
• The Dictionary of Real Estate Appraisal, 5th ed.
• Mathematics for Real Estate Appraisers
• Rates and Ratios Used in the Income Capitalization Approach
• The Appraisal of Real Estate, 14th ed.

Ordering Information
To order books and other materials go to
our store

Please contact the sponsoring chapter for information on fees applicable to chapter programs.

A financial calculator is required. The accepted model used in the course is the HP-12C. Note: Cellular phones, tablets, iPads, and other devices that connect to the Internet are NOT permitted during the exam.
HP12C calculator user's manual
You must be familiar with calculator operation when the course begins. Answers to problems in course material are shown using the HP12C. Do not come to class 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 HP12C Financial Calculator

AI CE Credit for Designated Members, Candidates for Designation, and Practicing Affiliates
• Attend Only = 150 points (general) or 175 points (residential)
• Attend and Pass= 200 points (general) or 225 points (residential)
• Pass Exam Only = 150 points (general) or 200 (residential)


Basic Appraisal Principles
Basic Appraisal Procedures

Students must sign a waiver at the beginning of the course stating that they have the prerequisites. If they do not, they will not hold the Appraisal Institute responsible and will not expect to receive special attention during the course.

Who Should Enroll
Those seeking general Appraiser Certification, underwriters, lenders, and assessors.

Click Here for State Approvals

Class Schedule & Locations

04/20/2015 - 04/23/2015
Location: Kansas City, MO
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Sponsor: Kansas City
Contact: Rosanne M. Saitta, (816) 358-2089
Instructor: Potts Sr., Douglas A., MAI

04/21/2015 - 04/24/2015
Location: Aurora, CO
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Sponsor: Colorado
Contact: Sherry Engleberg, (303) 691-0487
Instructor: McCloud, Harold S., MAI & Mosier, Richard C., MAI

05/04/2015 - 05/07/2015
Location: Linthicum Heights, MD
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Sponsor: Maryland
Contact: Tim McKenna, (410) 752-3318x208
Instructor: Spence, William D. Otto, MAI, AI-GRS

05/19/2015 - 05/22/2015
Location: Draper, UT
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Sponsor: Utah
Contact: Lisa Preisler, (801) 940-0968
Instructor: Mosier, Richard C., MAI

06/01/2015 - 06/04/2015
Location: San Diego, CA
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Sponsor: San Diego
Contact: Patti L. Kreutzer, (858) 292-7324
Instructor: Kirby, Thomas R., MAI, SRA

07/13/2015 - 07/16/2015
Location: ATLANTA, GA
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Sponsor: Atlanta Area
Contact: Suzanne S. Brockway, (770) 803-0024
Instructor: Childers, David W., MAI & Vernor, PhD, James D., MAI

09/15/2015 - 09/18/2015
Location: Houston, TX
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Sponsor: Houston
Contact: Lori Wilkins, (713) 668-1757
Instructor: Moorman, Robert L., MAI, SRA, AI-GRS

09/15/2015 - 09/18/2015
Location: Tigard, OR
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Sponsor: Greater Oregon
Contact: Vicki A. Champ, (503) 316-1979
Instructor: Larrabee, Matthew, MAI

09/21/2015 - 09/24/2015
Location: Chicago, IL
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Sponsor: Chicago
Contact: L.A. Anderson, (312) 616-9406
Instructor: DeVries, Ron D., MAI, SRA

10/12/2015 - 10/15/2015
Location: Indianapolis, IN
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Sponsor: Hoosier State
Contact: Shannon O'Keefe, (317) 815-1340
Instructor: Scheidt, Don R., MAI, SRA

11/04/2015 - 11/07/2015
Location: Fort Washington, PA
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Sponsor: Philadelphia Metropolitan
Contact: Tiffany L. Lewis, (610) 326-0100
Instructor: Hughes III, Albert R., MAI

11/16/2015 - 11/19/2015
Location: Nashville, TN
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Sponsor: Greater Tennessee
Contact: Myra Withers, (615) 515-9700
Instructor: Sellers, Leslie P., MAI, SRA

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