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General Appraiser Income Approach/Part 1
September 8 - 11, 2014
* includes late fee
Dale J. Kleszynski, MAI, SRA
205 W Wacker Dr #202
to check state approvals
Sponsor / Contact
After a brief review and introduction,
General Appraiser Income Approach/Part 1
opens with a graphic treatment of the time value of money, the six financial functions of a dollar, and important associated concepts. A thorough, detailed analysis of gross income including leases and the various expenses appropriately deducted from gross income follows, with realistic case studies of several income property types. Direct capitalization is then presented using overall capitalization rates, band of investment, and residual techniques. Substantial class time is devoted to practicing the taught concepts to prepare participant for the exam.
The 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:
Delivery Method: Group-Live
Table of Contents and Overview
Those seeking general Appraiser Certification, underwriters, lenders, and assessors.
A financial calculator is required. The accepted model used in the course is the HP-12C.
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
Financial Calculator Practice Exercises
• For additional help with the HP-12C calculator, take our online seminar,
Using Your HP12C Financial Calculator
Laptops NOT REQUIRED
Basic Appraisal Principles
Basic Appraisal Procedures
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.
For Further Reading
The Appraisal of Real Estate, 14th ed.
The Dictionary of Real Estate Appraisal, 5th ed.
Rates and Ratios Used in the Income Capitalization Approach
Mathematics for Real Estate Appraisers
Capitalization Theory and Techniques Study Guide, 3rd ed.
$50.00 cancellation fee.
Less than 2 days prior to program start date, forfeit of payment.
$50.00 transfer fee.
Less than 2 days prior to program start date, no transfer allowed.
The Chicago Chapter enforces the attendance requirements as mandated by the State of Illinois and the AQB. There is a 100% attendance policy. . If you are late the first day of the course, you may stay in class but you will not receive full credit.
Registration begins at 8:00 am for every course. Each course begins promptly at 8:30 am each day. Program Material Policy You will be picking your materials up at the beginning of the class from the Chapter. If you would like to review the materials prior to class, you may go to the Knowledge Center (KC) at http://knowledgecenter.appraisalinstitute.org/
Cancellation & Transfer Policy: Please read carefully.
The Chicago Chapter charges a $50 cancellation AND $50 transfer fee.
If you cancel less than 3 BUSINESS DAYS before the start of the course or seminar you will receive NO REFUND. Most classes start on Monday so if, for example, you cancel on Wednesday of the week before the class begins you will FORFEIT YOUR TUITION.
The Chicago Chapter reserves the right to cancel, limit or reschedule the programs and to change faculty assignments at any time. Prospective students should confirm their registrations before making any non-refundable airline reservations.
If you cancel there is an additional $25 material charge from the national office. You do not return course materials any longer.
HOTEL INFO: We have a corporate rate at the Holiday Inn Mart Plaza, right across the street from the chapter office. The rate for Sept 8-11 is $249/ night. You must book before August 11, 2014 in order to receive this rate.
Call Tony at 312.529.1127 and tell him you’re a student with the Chicago Chapter and he will make your reservation for you.
CHICAGO IS A VERY BUSY CITY ….YOU NEED TO MAKE YOUR HOTEL RESERVATIONS EARLY TO GET OUR CORPORATE RATE OR EVEN GET A HOTEL ROOM BECAUSE THE HOTELS FILL UP QUICKLY WITH CONVENTIONS.
Program materials can be downloaded by the student.
September 8, 2014 8:00a-8:30a
Class: 8:30 -4:30
Please contact LA LA@ccai.org 312.616.9400
if you have any questions or need assistance.
200 W. Madison, Suite 1500, Chicago, IL 60606
888-7JOINAI (756-4624) |
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