IAAO 311: Real Property Modeling Concepts

The Real Property Modeling Concepts course presents a detailed study of the mass appraisal process as applied to residential and income-producing properties. Topics covered include a comparison of single-property appraisal and mass appraisal, the major steps in the mass appraisal process, data requirements, market analysis, use of sales ratio studies, cost approach, sales comparison approach, gross and net income analysis, capitalization rate development, model specification and calibration, valuation review techniques and maintenance. Please note: former 311 (Residential Modeling Concepts) and 312 (Commercial/Industrial Modeling Concepts) have been redesigned into this one 5-day course.

Recommended prerequisites: Course 300
Continuing education: 30 hours CE

Local Government Federal Credit Union offers scholarships to local government employees to apply toward tuition for conferences, classes, and seminars offered by the School of Government. There are four deadlines to submit applications:

  • March 1 (for courses starting between April 1 and June 30)
  • June 1 (for courses starting between July 1 and September 30)
  • September 1 (for courses starting between October 1 and December 31)
  • December 1 (for courses starting between January 1 and March 31)

Additional information

NCDOR Certifications: SOG courses qualify for mandatory Assessor and Appraiser certification and continuing education requirements (CE), as well as the optional Level II and III appraiser certifications and CE, as described: HERE.


IAAO Designations: This course meets a requirement for the following IAAO designations: PM to list appropriate designations here (see next link). Please click HERE for more information on IAAO designations. This and all SOG courses qualify for IAAO CE. Your SOG transcript showing classroom hours must accompany the course certificate for CE.


NCAB CE: This course qualifies for 30.0 CE credits with the NCAB.


More information on NCAAO, NCTCA and other certifications and designations is available in this School of Government Blog: HERE.

There currently are no scheduled offerings of this course.
IAAO 311 Agenda (pdf, 190 KB)
For all registration questions, resetting passwords, or login issues please contact:

Dale Zuckert

Assistant Registrar
For questions regarding course details, including location, schedule, materials, and continuing education credits, please contact:
Teaching Assistant Professor in Public Finance and Government