MAAO Basic Apartment Valuation 

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  Registration will close June 30, 2025, or when course size limit is reached.

Description: This course is for experienced residential and beginning commercial appraisers who want to learn the income approach to value apartment buildings.  It is highly recommended that students are not seasoned apartment appraisers. Previous income courses are helpful but not required in order to take this course. Apartment valuation is fun and interesting! And it is a great way to learn about the income approach to value. Join us as we use real-world apartment data to develop practical skills that you can use back in the office. 

Course Summary:
Monday, July 28, 2025: Registration from 7:30 - 7:50 AM. Class runs from 8:00 AM - 4:30 PM.
Tuesday, July 29, 2025, 8:00 AM - 2:30 PM with exam to follow.

Instructors: Sue Schulz, Mike Lillibridge and Nathan Aakre

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

Requirements: Calculator

Textbook: Course materials will be provided in person during the course. 

Credits: This course is a 15 hour, 2-day course with 14 hours of instruction and a 1 hour exam.  This course has been approved by the State Board of Assessors for 15 hours of continuing education. To use this course as one of the two 15-hour property-type specific courses required for AMA licensure, you must take the exam. You do not need to take the exam if you only need CEHs, in which case you will only receive 14 CEHs. 

Location:  Holiday Inn & Suites, 75 37th Avenue South, St Cloud, Minnesota 56301 

Hotel Group Rate: For your convenience, a block of hotel rooms has been reserved at the Holiday Inn & Suites, St. Cloud for $129/night. Reservations are the responsibility of individual attendees and must be made by June 28, 2025 to ensure the group rate. Reserve a reservation by calling the hotel at (320) 253-9000, option 0, and mentioning the MAAO room block. 

Food & Beverages: For student, instructor and employer convenience, lunch is included in your registration fee. A limited variety of refreshments and snacks are also included in your registration fee and will be available for AM and PM breaks. If you medically require a special diet due to food sensitivities or allergies, please email [email protected] as soon as possible, and we will attempt to make reasonable arrangements. 

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 an independently taken online proctored 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. 

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

Cancellation Policy: Cancellation requests received prior to 8:00 a.m., 5 business days prior to the start of the course will be issued a refund, less a $30 administration fee. Cancellations 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. 

Click here to register

 Registration will close June 30, 2025, or when course size limit 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.