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Basic Appraisal Principles Course
[G/R]   30  Sep 18 - 21, 2017 Baltimore, MD Maryland Chapter FULL
Basic Appraisal Procedures Course
[G/R]   30  Sep 25 - 28, 2017 Baltimore, MD Maryland Chapter FULL
15-Hour National USPAP Course Course
[SPP]   15  Oct 2 - 3, 2017 Baltimore, MD Maryland Chapter Call          
Supervisory Appraiser/Trainee Appraiser Course Course
[G/R]    5  Oct 4, 2017 Baltimore, MD Maryland Chapter Call          

Basic Appraisal Procedures

FULL   Date: September 25 - 28, 2017   Location: Baltimore, MD
Category  General/Residential [G/R]  
Level  I  
Attendance Hours  28.0  
Exam Hours  2.0  
Current Price  $ 595.00  
Mark V. Smeltzer, MAI, SRA, AI-RRS  
Name  Maritime Institute  
Address  692 Maritime Blvd  
City  Baltimore  
State  MD  
Zip  21090  
Click Here to check state approvals
  Sponsor / Contact  
Chapter  Maryland
Contact Name  Tim McKenna  
Phone  (443) 966-3885x147  
Fax  (443) 640-1031  

Apply the principles and concepts learned in Basic Appraisal Principles. This four-day course takes you step-by-step through the valuation process:

• Defining the problem
• Collecting and analyzing data
• Reaching a final opinion of value
• Communicating the appraisal

Learn about the three approaches to reaching an opinion of value—income capitalization, cost, and sales comparison—and apply them in true-to-life case studies and problems. After examining income capitalization methods and formulas, learn how rates and multipliers are derived. Through case studies discover the steps and concepts involved in the cost approach—how appraisers estimate the cost of constructing a reproduction of or replacement for an existing structure; the three major components of depreciation and methods for estimating and allocating depreciation; and land and site valuation.

The course will guide you through the sales comparison approach including researching the market, verifying information, selecting units of comparison, conducting a comparative analysis, making adjustments, and reconciliation. Complete key sections of an appraisal report. Finally, the course provides an introduction to property description and construction and design basics.

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 HP-12C. 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 HP-12C 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 , 6th ed.  
  Appraising Residential Properties, 4th ed.  
Cancellation Policy
  • Up To 15 days prior to program start date, $50.00 cancellation fee.
  • 15 - 14 days prior to program start date, $100.00 cancellation fee.
  • Less than 15 days prior to program start date, forfeit of payment.

ALL STUDENTS MUST BRING THEIR COURSE MATERIALS WITH THEM. ADDITIONAL MATERIALS WILL NOT BE AVAILABLE TO THOSE STUDENTS WHO HAVE NOT BROUGHT THEIR MATERIALS WITH THEM.Cancellation Policy Up To 15 days prior to program start date, $50.00 cancellation fee. 15 - 14 days prior to program start date, $100.00 cancellation fee. Less than 15 days prior to program start date, forfeit of payment unless a student replacement is provided. All cancellations must be submitted in writing. Confirmed students should not assume that cancellation has been granted until a confirmation has been received. Other Information If you have a disability and require accommodation, please notify the national office at least two weeks in advance and we will arrange for reasonable accommodation. We reserve the right to cancel, limit, or reschedule the course and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations. The Appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies. The Appraisal Institute issues certificates for state certification/licensing or state continuing education credit that verify successful completion and attendance of 100% or better with your grade notification letter. If Appraisal Institute attendance records indicate attendance of less than 100%, the student will not receive a course completion certificate until all missed sessions are made up at a different offering of the course, within one year of the original course dates. The Maryland Real Estate Appraisers Commission requires 100% attendance for each 50-minute lecture hour and a passing grade on the exams. Partial credit is not awarded.

Program materials can be downloaded by the student.
  Additional Information  
Class sign-in begins at 7:30 am. Seminar begins at 8:00 am. Coffee and snack breaks are provided. Lunch is on your own.



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