Choose your path
Find An Appraiser         Online Store         Donate         Lum Library         Join
 View Cart View Cart
0 Registrations in Cart
Appraisal Institute  
AI Resources Education Publications Professional Practice News Advocacy About Us
Select an Offering

Basic Appraisal Procedures

CALL   Date: September 29 - October 2, 2014   Location: Chicago, IL
Category  General/Residential [G/R]  
Level  I  
Attendance Hours  28.0  
Exam Hours  2.0  
Current Price  $ 490.00 AI Price *  
$ 540.00 Full Price *  
* includes late fee
Late Fee  $ 50.00  
William D. Otto Spence, MAI, AI-GRS  
Name  LA  
Rep  LA  
Address  2  
City  Chicago  
State  IL  
Zip  60606  
Phone  (312) 616-9400  
Click Here to check state approvals
  Sponsor / Contact  
Chapter  Chicago
Contact Name  L.A. Anderson  
Phone  (312) 616-9406  
Fax  (312) 616-9404  

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, market area analysis, highest and best use, and ethical considerations.

The course will provide a solid foundation in basic appraisal procedures no matter what appraisal specialty you pursue.

By successfully completing the course and exam, you will have met most states' education requirements in the content area identified as basic appraisal principles.

If you are considering a career in professional valuation services, your journey should begin with Basic Appraisal Procedures.

National Registry of CPE Sponsors

The 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

Table of Contents and Overview (PDF)
Course Schedule (PDF)
Beginning appraisers, real estate professionals, users of appraisal services, college students, accountants
• 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.
• 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 HP12-C Financial Calculator.
Successful completion of Basic Appraisal Principles or equivalent course is required.

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.
  For Further Reading  
  Basic Appraisal Procedures  
  The Appraisal of Real Estate, 14th ed.  
  The Dictionary of Real Estate Appraisal, 5th ed.  
  Appraising Residential Properties, 4th ed.  
Cancellation Policy
  • $50.00 cancellation fee.
  • Less than 2 days prior to program start date, forfeit of payment.
  Transfer Policy
  • $50.00 transfer fee.
  • Less than 2 days prior to program start date, no transfer allowed.
The Chicago Chapter enforces the attendance requirements as mandated by the State of Illinois and the AQB. There is a 100% attendance policy. . If you are late the first day of the course, you may stay in class but you will not receive full credit.
Registration begins at 8:00 am for every course. Each course begins promptly at 8:30 am each day. Program Material Policy You will be picking your materials up at the beginning of the class from the Chapter. If you would like to review the materials prior to class, you may go to the Knowledge Center (KC) at

Cancellation & Transfer Policy: Please read carefully.
The Chicago Chapter charges a $50 cancellation AND $50 transfer fee.
If you cancel less than 3 BUSINESS DAYS before the start of the course or seminar you will receive NO REFUND. Most classes start on Monday so if, for example, you cancel on Wednesday of the week before the class begins you will FORFEIT YOUR TUITION.

The Chicago Chapter reserves the right to cancel, limit or reschedule the programs and to change faculty assignments at any time. Prospective students should confirm their registrations before making any non-refundable airline reservations.

If you cancel there is an additional $25 material charge from the national office. You do not return course materials any longer.

HOTEL INFO: We have a corporate rate at the Holiday Inn Mart Plaza, right across the street from the chapter office.
Call Tony at 312.529.1127 and tell him you’re a student with the Chicago Chapter and he will make your reservation for you. You must call by September 5, 2014 to receive a guaranteed rate of $249/ night on 9/28 and 9/29.

Program materials can be downloaded by the student.
  Additional Information  
Class Schedule:
September 29, 2014 8:00a-8:30a
Class: 8:30 -4:30
Sept 29 - Oct 2

Please contact LA 312.616.9400
if you have any questions or need assistance.


Promotional Package
Save up to 21%    $ 170.00 Off AI Price or $ 320.00 Off Full Price   2014 Fall Package $ 1,200.00 *  
* includes late fee
Basic Appraisal Principles Course
[G/R]   30  Sep 8 - 11, 2014 Chicago, IL Chicago Chapter Call          
Basic Appraisal Procedures Course
[G/R]   30  Sep 29 - Oct 2, 2014 Chicago, IL Chicago Chapter Call          
15-Hour National USPAP Course Course
[SPP]   15  Oct 20 - 21, 2014 Chicago, IL Chicago Chapter Call          


Appraisal Institute
200 W. Madison, Suite 1500, Chicago, IL 60606
888-7JOINAI (756-4624)  |
Contact Us   |   Site Map   |   Terms & Conditions   |   Privacy Policy   |   Advertise
  Copyright © 2014 Appraisal Institute. All rights reserved.