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MAAO Basic Income Approach - August 2021
Monday, August 23, 2021, 8:00 AM to Friday, August 27, 2021, 11:00 AM CDT
Category: Events



Updated! - MAAO Basic Income Approach 


Monday, August 23, 2021, 8:00 AM - Friday, August 27, 2021, 11:00 AM
Waite Park, MN 


This offering is full. To be placed on the waitlist, please enter your contact information here.



Description: This 30-hour course introduces the students to the Income Approach to Value through lecture 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). Pending State Board Approval, this course will be an approved income course for the Accredited Minnesota Assessor licensure and 30 hours of assessor continuing education. It will also count for 30 hours of appraiser continuing education by the MN Department of Commerce, pending DOC approval.  Class size is limited to 48 students. This class can serve as the prerequisite for IAAO 112 - Advanced Income Approach.

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.

Instructors:  Joe Mako, SAMA, MAI and Ben Bedard, AMA


Prerequisite:  Basic Appraisal Principles & Basic Appraisal Procedures are both recommended.


Requirements:  Calculator


Course Fee if registered by July 23, 2021:  MAAO Member - $400; Non-Member - $505

Course Fee if registered after July 23, 2021:  MAAO Member - $470; Non-Member - $575

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 contact the Education Coordinator by email as soon as possible.

The Park Event Center, 500 Division St., Waite Park, MN 56387

Group Rate:  For your convenience, a block of hotel rooms has been reserved at the adjacent Hilton Garden Inn, 550 Division St., Waite Park, MN for $109/night. To ensure availability and the group rate, make your reservation by July 27, 2021 by booking through this direct booking link. 

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.  There is also a 2-hour exam at the end of the course the student should plan to review for.  If alternative testing options are required please contact the course coordinator 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 accommodation 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:  Although it is not the policy of MAAO to cancel an event, be it a course or seminar, MAAO does reserve the right to cancel a course or seminar if the minimum enrollment level is not reached.  A refund, less a $30 administration fee will be issued to cancellations received five business days prior to the start of the course or conference.  Registrants who fail to attend or cancel prior to the cancellation deadline 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 five business days prior to the start of the event.  MAAO reserves the right to cancel any event if necessary and provide a full refund.  Refunds will be issued within 30 days of the date of the course or conference.


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Contact: MAAO Education Coordinators: [email protected]