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MAAO Basic Income Approach - August 2022
Monday, August 15, 2022, 8:00 AM to Friday, August 19, 2022, 11:00 AM CST
Category: Events



MAAO Basic Income Approach 



August 15 - 19, 2022
In person 8:00am - 5:00pm Monday through Thursday
Exam in person 8:00am Friday

Holiday Inn & Suites
Lake Elmo, MN


Click here to register

 Registration will close August 8, 2022


Description: This 30-hour course introduces attendees 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). MAAO Basic Income Approach is an approved income course for AMA licensure. Class size is limited to 48 students. This class can serve as the prerequisite for IAAO 112 - Advanced Income Approach.

Credits:  This course is approved by the Minnesota State Board of Assessors for 28 hours of continuing education, 30 hours with exam. It also counts for 30 hours of appraiser continuing education by the MN Department of Commerce.


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


Registration Fee:
By July 23, 2021:  MAAO Member - $400; Non-Member - $505
After July 23, 2021:  MAAO Member - $470; Non-Member - $575


Location: Holiday Inn & Suites, 8511 Hudson Blvd., Lake Elmo, MN


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


Requirements:  Calculator


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


Hotel Group Rate: For your convenience, a block of hotel rooms has been reserved at the Holiday Inn, Lake Elmo for $119/night. Reservations are the responsibility of individual attendees and must be made by July 15, 2022 to ensure the group rate. Reserve by calling the hotel at 651-714-8068 and mentioning the MAAO room block.


Student Expectations:  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 [email protected] via email as soon as possible to discuss, and we will attempt to make reasonable accommodations.


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.


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.


Click here to register



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]