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MAAO Basic Income Approach - November 2025
Wednesday, November 05, 2025, 8:00 AM - 5:00 PM CST
Category: Events


 

  

MAAO Basic Income Approach 

 

 

November 3 - 6, 2025 
In person 8:00am - 5:00pm daily 

Holiday Inn & Suites 
St. Cloud, MN 

In-person, pencil and paper exam at course conclusion  

This course has reached its maximum number of registrants. To be informed of our next offering, sign up for the waitlist.

Click here to add your name to the waitlist
 
Description: This 30-hour course introduces attendees to the Income Approach to Value through lectures and problem solving. Emphasis is on practical application of this approach rather than theory. Course materials include development of net operating income and the development and use of direct capitalization as well as using a multiplier with gross income(s). MAAO Basic Income Approach is an approved income course for AMA licensure. This class can serve as the prerequisite for IAAO 112 - Income Approach to Valuation II. Note: This class will be a 4-day format. The final exam will be offered in-person (paper and pencil format) at course conclusion. Class size limit of 50 students.

Credits: This course is approved by the Minnesota State Board of Assessors for 28 hours of continuing education, 30 hours with exam.

Instructors:  Cory Leinwander, SAMA and Mark Fritz, SAMA and Maria Shepherd.

Fee:  MAAO Member - $450; Non-Member - $555

Payment: Credit card only

Prerequisite:  Six months work experienceBasic Appraisal Principles, and Basic Appraisal Procedures recommended. 

Requirements:  Calculator and handbook. 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, approximately one week prior to the course. Please print it and bring it with you.

Exam Requirements: The final exam will be offered in-person (paper and pencil format) at course conclusion.  

Textbook: Course materials will be provided digitally prior to the course via the email address provided during registration. Participants are expected to bring their own hard copy of the handbook to the course.

Location:Holiday Inn & Suites, 75 37th Ave. S., St. Cloud, MN

Hotel Group Rate: For your convenience, a block of hotel rooms has been reserved at the Holiday Inn & Suites in St. Cloud for $129 per night. Reservations are the responsibility of individual attendees and must be made by October 15, 2025, to ensure the group rate. To reserve accommodations, call the hotel at 320-253-9000 and mention the MAAO room block. 

Food and 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 28 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. The final exam will be offered in-person (paper and pencil format) at course conclusion. 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 to [email protected] at least two weeks prior to the course, 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-19 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 the risk of the employer and attendee. MAAO will not be held liable.

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. 

 

  

This course has reached its maximum number of registrants. To be informed of our next offering, sign up for the waitlist.

Click here to add your name to the waitlist

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Contact: MAAO Education Coordinator | [email protected]