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IAAO 102 - Income Approach to Valuation - October 2022
Monday, October 24, 2022, 8:00 AM to Friday, October 28, 2022, 4:30 PM CST
Category: Events




IAAO 102 - Income Approach to Valuation


Monday, October 24 - Friday, October 27

In-person course: 8:00 am - 4:30 pm Monday through Thursday
Exam: 8:00 am Friday

Lake Elmo, MN


Click here to add name to waitlist

 Registration closed September 24, 2022


The Income Approach to Valuation is designed to provide the students with an understanding and working knowledge of the procedures and techniques required to estimate the market value of vacant or improved properties by the income approach.  The material covers real estate finance and investment, capitalization methods and techniques, analysis of income and expenses to estimate operating income, selection of capitalization rates, and application of the approach. View more detail about the course here


Credits:  This course is an approved income course for the Accredited Minnesota Assessor (AMA) level of licensure. It is also approved by the Minnesota State Board of Assessors and Minnesota Department of Commerce for 30 hours (including exam) of assessor/appraiser continuing education.


Instructor:  Randy Ripperger, CAE

Fee:  $680


Payment:  Credit card only


Location:  Holiday Inn Lake Elmo, 8511 Hudson Blvd, Lake Elmo, MN 55042 


Prerequisite:  Basic Appraisal Principles, Basic Appraisal Procedures, and MAAO Basic Income Approach or IAAO 101 are recommended.

Requirements:  Calculator


Optional Textbook:  IAAO: “Property Assessment Valuation" (third edition, © 2010), purchase at https://www.iaao.org/Store/detail.aspx?id=BK0097. Textbooks will NOT be available for purchase through MAAO or in person at 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 September 23, 2022 to ensure the group rate. Reserve by calling the hotel at 651-714-8068 and mentioning the MAAO room block. 

Student Expectations:  
The Income Approach to Valuation utilizes lectures, classroom discussion, and homework problems to emphasize the main concepts and procedures taught in the course.  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 an 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, a limited variety of refreshments and snacks are included in your registration fee. In order to keep registration fees lower, lunch is on your own for this and all IAAO courses sponsored by MAAO. Please plan accordingly.

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 add name to waitlist

 Registration closed September 24, 2022



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]