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General Appraiser Income Approach/Part 2 Education Schedule (PDF)
Education Catalog (PDF)
Some AI educational programs may not be approved in every state.
Students should check state approvals prior to registering for any Appraisal Institute program.

ClassroomOn-Demand Online EducationLive Online (Synchronous)

After a diagnostic quiz on the six financial functions of one and a brief review, General Appraiser Income Approach/Part 2 opens with a thorough treatment of discounted cash flow (DCF) analysis. Topics include identifying components of a DCF, projecting cash flows, analyzing leases, solving for value in a variety of common situations, and supporting the discount rate. The effects of debt financing including cash equivalence and equity analysis are covered in detail. Income patterns and property models including residual and other applications are followed by selecting and supporting the discount rate. Also presented are the strengths and weaknesses of direct and yield capitalization. The final section reviews and summarizes the mathematical concepts involved with income capitalization and prepares the participant for not only the course exam but also the certification exam.

National Registry of CPE SponsorsThe Appraisal Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN, 37219-2417. Web site: www.nasba.org.

Delivery Method: Group-Live

Program Overview
• Table of Contents and Overview (PDF)
• Course Schedule (PDF)

Recommended Text
• Capitalization Theory and Techniques Study Guide, 3rd ed.
• Mathematics for Real Estate Appraisers
• Rates and Ratios Used in the Income Capitalization Approach
• The Appraisal of Real Estate, 14th ed.

Ordering Information
To order books and other materials go to
our store

Tuition
Please contact the sponsoring chapter for information on fees applicable to chapter programs.

Required
A financial calculator is required. The accepted model used in the course is the HP-12C. Note: Cellular phones, tablets, iPads, and other devices that connect to the Internet are NOT permitted during the exam.
HP12C calculator user's manual
You must be familiar with calculator operation when the course begins. Answers to problems in course material are shown using the HP12C. Do not come to class expecting to be taught how to use a financial calculator.
• Free Review--Using a Financial Calculator; Formulas, Symbols, Math Review, and Sample Problems; and Financial Calculator Practice Exercises
• For additional help with the HP-12C calculator, take our online seminar, Using Your HP12C Financial Calculator
Laptops NOT REQUIRED

AI CE Credit for Designated Members, Candidates for Designation, and Practicing Affiliates
• Attend Only = 150 points (general) or 175 points (residential)
• Attend and Pass= 200 points (general) or 225 points (residential)
• Pass Exam Only = 150 points (general) or 200 (residential)

Prerequisites

Basic Appraisal Principles
Basic Appraisal Procedures
General Appraiser Income Approach/Part 1

Students must sign a waiver at the beginning of the course stating that they have the prerequisites. If they do not, they will not hold the Appraisal Institute responsible and will not expect to receive special attention during the course.

Who Should Enroll
Those seeking general Appraiser Certification, underwriters, lenders, and assessors.

Click Here for State Approvals


  
Class Schedule & Locations

02/23/2015 - 02/26/2015
Location: Dallas, TX
Click here for location details
Sponsor: North Texas
Contact: Ruth A. Kelton, (972) 233-2244
Instructor: Naeter, George N., MAI
Register


03/02/2015 - 03/05/2015
Location: Nashville, TN
Click here for location details
Sponsor: Greater Tennessee
Contact: Myra Withers, (615) 515-9700
Instructor: Sellers, Leslie P., MAI, SRA
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03/10/2015 - 03/13/2015
Location: Tampa, FL
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Sponsor: Florida Gulf Coast
Contact: Nancy J. Bachor, (813) 962-4003
Instructor: Taylor, Gary P., MAI, SRA
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03/16/2015 - 03/19/2015
Location: Chicago, IL
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Sponsor: Chicago
Contact: L.A. Anderson, (312) 616-9406
Instructor: Flynn, Brian J., MAI, AI-GRS
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03/16/2015 - 03/19/2015
Location: Louisville, KY
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Sponsor: Bluegrass
Contact: Susan Katz, (502) 727-9181
Instructor: Spence, William D. Otto, MAI, AI-GRS
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03/24/2015 - 03/27/2015
Location: Greensboro, NC
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Sponsor: North Carolina
Contact: Nancy S. Linton-Hall, (336) 297-9511
Instructor: Taylor, Gary P., MAI, SRA
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03/25/2015 - 03/28/2015
Location: Burlington, MA
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Sponsor: Massachusetts and Rhode Island
Contact: Lianne C. Andreucci, (781) 397-8922
Instructor: Bowler, Edward V., MAI, SRA
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04/27/2015 - 04/30/2015
Location: Pleasanton, CA
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Sponsor: Northern California
Contact: Lisa M. Estes, (925) 932-7753
Instructor: DeWeese, Gary S., MAI
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05/08/2015 - 05/16/2015, classes are Fridays and Saturdays, May 8, 9, 15 & 16
Location: Branchburg, NJ
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Sponsor: Metro New Jersey
Contact: Debra J. Miller, (732) 560-0072
Instructor: Linfante III, Arthur A., MAI & Josephs, Patrick A., MAI, AI-GRS
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05/12/2015 - 05/15/2015
Location: Aurora, CO
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Sponsor: Colorado
Contact: Sherry Engleberg, (303) 691-0487
Instructor: McCloud, Harold S., MAI
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05/27/2015 - 05/30/2015
Location: Linthicum Heights, MD
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Sponsor: Maryland
Contact: Tim McKenna, (410) 752-3318x208
Instructor: Spence, William D. Otto, MAI, AI-GRS
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06/05/2015 - 06/09/2015, No class on Sunday June 7
Location: San Diego, CA
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Sponsor: San Diego
Contact: Patti L. Kreutzer, (858) 292-7324
Instructor: Lennhoff, David C., MAI, SRA, AI-GRS
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08/18/2015 - 08/21/2015
Location: Costa Mesa, CA
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Sponsor: Southern California
Contact: Lianna Ayala, (818) 957-5111x20
Instructor: Kirby, Thomas R., MAI, SRA
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09/14/2015 - 09/17/2015
Location: Atlanta, GA
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Sponsor: Atlanta Area
Contact: Suzanne S. Brockway, (770) 803-0024
Instructor: Vernor, PhD, James D., MAI & Rubin, Alexander B., MAI
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09/14/2015 - 09/17/2015
Location: Louisville, KY
Click here for location details
Sponsor: Bluegrass
Contact: Susan Katz, (502) 727-9181
Instructor: Spence, William D. Otto, MAI, AI-GRS
Register


09/21/2015 - 09/24/2015
Location: Houston, TX
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Sponsor: Houston
Contact: Lori Wilkins, (713) 668-1757
Instructor: Wright, Larry T., MAI, SRA
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10/19/2015 - 10/22/2015
Location: Indianapolis, IN
Click here for location details
Sponsor: Hoosier State
Contact: Shannon O'Keefe, (317) 815-1340
Instructor: Wagner, Stephen S., MAI, SRA, AI-GRS
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11/02/2015 - 11/05/2015
Location: Chicago, IL
Click here for location details
Sponsor: Chicago
Contact: L.A. Anderson, (312) 616-9406
Instructor: Taylor, Gary P., MAI, SRA
Register






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