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Income Approach for Residential Appraisers

EMAIL   Date: October 18, 2018   Location: Rockville, MD
 
  Seminar  
Category  Residential [Res]  
Attendance Hours  7.0  
Current Price  $ 205.00 AI Price *  
$ 230.00 Full Price *  
* includes late fee
Late Fee  $ 30.00  
 
  Instructor  
Mark V. Smeltzer, MAI, SRA, AI-RRS  
    
 
  Location  
Name  Greater Capital Area Association of REALTORS®  
Address  15201 Diamondback Drive, Suite 100  
City  Rockville  
State  MD  
Zip  20850  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Washington DC Metropolitan Area
Website  www.appraisalinstitutedc.org  
Contact Name  Peter Houstle  
Email  phoustle@marinermanagement.com  
Phone  (301) 924-1020  
Fax  (301) 238-4579  
 
  Description  

Do you want to expand into 2-to-4 income property appraisals? If so, you won’t want to miss this new seminar! Using the income approach, you’ll learn how to accurately derive a value from an income stream with confidence and become familiar with the usefulness of the lesser-used income approach in the realities of a post-recession residential market. For many it will serve as a review of techniques learned yet unused. For others it will function as an introduction to the income capitalization approach, specifically the premise of the approach, the difference between gross and net rent, the difference between capitalization rates and multipliers, and the application of income capitalization using a gross rent multiplier. If your assignments are currently limited to performing mortgage appraisals, attend this seminar to learn how the income approach relates to value and watch your opportunities grow. 

Upon completion of the seminar, participants should be able to:
• Recognize the premises of the sales, income and cost approaches and how they relate to the valuation process
• Classify examples of rent based on gross or net characteristics
• Demonstrate the ability to analyze relevant characteristics of a rental contract
• Describe the difference between a rate and a multiplier, and when their use is appropriate
• Solve a calculation by developing a rate and solve a calculation by developing a multiplier
• Construct a logical system for reporting the results of a simple income approach
• Assess the benefit of the multiplier and the rate in several situations
 
  Equipment  
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.
 
  Disclaimer  
Cancellation Policy
  • Up To 14 days prior to program start date, refund in full.
  • 5 - 13 days prior to program start date, $50.00 cancellation fee.
  • Less than 5 days prior to program start date, forfeit of payment.
  Transfer Policy
  • Up To 14 days prior to program start date, no transfer fee.
  • 5 - 13 days prior to program start date, $25.00 transfer fee.
  • Less than 5 days prior to program start date, no transfer allowed.
   


Program materials can be downloaded by the student.
 
  Additional Information  
Class will be held at the Greater Capital Area Association of Realtors office in Rockville, MD.

Schedule:
Registration begins at 8:00am. Seminar is from 8:30am-5pm with a one hour lunch (on your own).

Greater Capital Area Association of Realtors
15201 Diamondback Drive
Rockville, MD 20850
301.590.2000

  Directions  

 

 
















 
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