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Two-Day Advanced Income Capitalization/A 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)

This two-day course reviews topics covered in the first half of the designation-track Advanced Income Capitalization course, but with a greater emphasis on the theoretical aspects of the material. Seasoned appraisers will find advanced topics that have not been covered in previous capitalization courses, along with new graphical ways to present analysis and conclusions. The course features a limited review of material covered in earlier income courses to maximize the time available for advanced topics. An OPTIONAL exam is included.

Advanced topics are divided into four general areas:
• Operating income issues, including complex lease structures, reimbursements, and tenant improvement allowances
• Property valuation techniques, property taxes that are a function of market value, reversions, property model applications, and supporting the discount rate
• Complex mortgage instruments
• Case study applications of an office building

Note. Candidates for designation cannot take this course for designation credit.

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

Recommended Text
• Rates and Ratios Used in the Income Capitalization Approach
• Capitalization Theory and Techniques Study Guide, 3rd ed.
• The Appraisal of Real Estate, 14th ed.
• The Dictionary of Real Estate Appraisal, 6th 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.

AI CE Credit for Designated Members and Practicing Affiliates
• Attend and Pass = 200 points
• Attend Only = 150 points
• Pass Only = 55 points

Prerequisites
• MAI Designation OR
General Appraiser Income Approach/Part 1 AND
General Appraiser Income Approach/Part 2 OR
• Equivalent course such as 510

Who Should Enroll
• Appraisal Institute Designated members who hold one or more of the following designations: MAI, SRPA, AI-GRS
• Certified general appraisers

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