Course Information

This course is designed to provide 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. This course 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.

Students attending this course are required to have a webcam on during the class to receive attendance credit.

This live online offering is sponsored by the Virginia Department of Taxation + IAAO and is worth 30 CEUs.

Course Dates

This class begins at 7:00 AM (Central Time) starting on May 4, 2026 and ends on May 7, 2026.

Instructor: Michael Lendi, AAS, CMS

Exam Block

Exam Block Begins: May 8, 2026 | Exam Block Ends: May 13, 2026

To ensure a smooth examination process, please note that both a webcam and a computer meeting the system requirements for ProctorFree are essential. For detailed insights into these prerequisites for taking an IAAO proctored exam, kindly refer to the Exam Resources page and the ProctorFree technical requirements.

More information on how to access your ProctorFree account will be emailed to you when your exam becomes available on the Exam Block start date.

More Information

For additional questions or more information, please contact Cory Schaeffer, cory.schaeffer@tax.virginia.gov

To pay by invoice, please reach out to education@iaao.org