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Intro to Income - August 2024
Monday, August 05, 2024, 8:00 AM - 5:00 PM CDT
Category: Events

Intro to Income

In person Monday, August 5 through Tuesday, August 6 
8:00am - 5:00pm Central Time daily 

Hilton Garden Inn 
6350 Vinewood Lane North 
Maple Grove, MN 55311 

Click here to register

Registration will close July 29, 2024 or when course capacity is reached.

Description: This 15-hour course is intended for those new to the income approach to value. It is highly recommended that students are not seasoned appraisers. In this 2-day course, students will be exposed to: 

  • The income approach to value 

  • The appraisal process model 

  • Direct capitalization formulas – IRV and VIF 

  • Compound interest functions 

  • Income, expense, and lease analysis 

  • Methods of calculating an overall capitalization rate 

Note: This class will be a 2-day format. This course does NOT qualify as a 30-hour income course for licensure. There will be an in-person exam at the end of class on Tuesday that students should plan to prepare for. Class size limit of 48 students. 

Credits: This course is approved by the Minnesota State Board of Assessors for 14 hours of continuing education, 15 with exam. You do not need to take the exam if you only need CEHs, in which case you will only receive 14 CEHs. This course does NOT qualify as an income course for licensure but rather is a helpful preparatory course for those new to the income approach to value. 

Instructors: Penny Vikre, SAMA, Cass County and Kelsey Tur, SAMA, City of Maple Grove 

Fee: MAAO Member - $225; Non-Member - $330 

Payment: Credit card only 

Location:  Hilton Garden Inn Minneapolis/Maple Grove, 6350 Vinewood Lane North, Maple Grove, MN 55311 

Prerequisite: None 

Requirements: Calculator recommended. 

Course Requirements: Participants are expected to bring their own hard copy of the handbook to the course. Registrants will receive an email containing a link to the handbook when it is available and no later than one week prior to the course. Please print it and bring it with you. No hard copies will be available at the course. 

Exam Requirements: A 1-hour in-person exam will be held on the final day of the course. 

Hotel Group Rate: For your convenience, a block of hotel rooms has been reserved at the Hilton Garden Inn Minneapolis/Maple Grove for $137 per night. Reservations are the responsibility of individual attendees and must be made by July 15, 2024, to ensure the group rate. To reserve accommodations, call the hotel on 763-509-9500 and mention the MAAO room block. 

Student Expectations: This course includes 14 hours of classroom instruction during which students will be expected to participate in discussions, group activities, and coursework that may include but is not limited to reading, homework, problem solving, etc. both during and outside classroom hours. There is also a 1 hour in-person optional exam at the end of the course the student should plan to review for. If alternative testing options are required, please contact [email protected] via email as soon as possible to discuss, and we will attempt to make reasonable accommodations. 

Food & Beverages: For student, instructor, and employer convenience, lunch and a limited variety of refreshments and snacks are included in your registration fee for this course. 

ADA Policy: If you have a disability and may require some accommodations at any event, please notify us via email to [email protected] at least two weeks prior to the event, and we will attempt to make reasonable arrangements. 

Cancellation Policy:  Cancellation requests received prior to 8:00am five business days prior to the start of the course will be issued a refund, less a $30 administration fee. Cancellation requests received after this time or registrants who fail to attend the course are responsible for the entire fee. If a registrant is unable to attend the event, a substitute from the jurisdiction that paid the registration fee can attend at no additional charge. Please send written notification of this change or cancellation requests to [email protected]. Although it is not the policy of MAAO to cancel a course or seminar, MAAO reserves the right to do so and provide a full refund if the minimum enrollment level is not reached. Refunds will be issued within 30 days of the date of the course or conference. 

COVID Considerations: MAAO is following the current guidance from the Minnesota Department of Health. Each educational offering is subject to cancellation if mandated by the Governor or due to a change in COVID conditions. A 100% refund will be processed for any registrant due to a COVID-related cancellation. Attendance at any course is at risk for the employer and attendee. MAAO will not be held liable. 

Additional Information:  Refer to MAAO's education FAQs and policies.  

If you are not currently a member of MAAO and would like to join to receive member-based pricing,click here to learn how to join MAAO.  Please allow one business day for membership application processing prior to registering for courses and seminars. 


Click here to register

  Registration will close July 29, 2024 or when course capacity is reached. 

If you are not currently a member of MAAO and would like to join to receive member-based pricing, click here to learn how to join MAAO.  Please allow one business day for membership application processing prior to registering for courses and seminars.

Contact: MAAO Education Coordinator | [email protected]