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Save up to 11%    $ 25.00 Off AI Price or $ 30.00 Off Full Price   Fall 2017 Pinehurst Educational Package $ 205.00 AI Price  
$ 240.00 Full Price  
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Contract or Effective Rent: Finding the Real Rent Seminar
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[Gen]    4  Nov 3, 2017 Pinehurst, NC North Carolina Chapter Availability
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Commercial Real Estate Finance Seminar
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[E]    4  Nov 3, 2017 Pinehurst, NC North Carolina Chapter Availability
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Contract or Effective Rent: Finding the Real Rent

EMAIL   Date: November 3, 2017   Location: Pinehurst, NC
 
  Seminar  
Category  General [Gen]  
Attendance Hours  4.0  
Current Price  $ 115.00 AI Price  
$ 135.00 Full Price  
 
  Instructor  
Kern G. Slucter, MAI, SRA  
    
 
  Location  
Name  Pinehurst Resort  
Rep  Giselle Jordan  
Address  80 Carolina Vista Drive  
City  Pinehurst  
State  NC  
Zip  28374  
Phone  (855) 235-8507  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  North Carolina
Website  www.ncappraisalinstitute.org  
Contact Name  Paola Learoyd  
Email  executive.director@ncappraisalinstitute.org  
Phone  (919) 283-9525  
 
  Description  
This seminar is a home run. The material is interesting, engaging, brings up issues that folks don't often think about, and puts the issue in one place. Really good stuff! - Stephen Roach, MAI, SRA, AI-GRS

Enhance your valuation analysis and broaden your consulting portfolio by understanding the complexities of calculating effective rent. You will gain a thorough understanding of effective rent and its importance in lease negotiations and valuation work by working through real-world case study situations featuring common circumstances involving effective rent. Enhance your analysis by evaluating the way effective rent impacts property value. Recognize how the integration of the effective rent measurement is used by market participants (landlords and tenants) for leases involving landlord concessions and non-market based provisions in all three approaches to value. At the end of the seminar, you will have a take-away model to use immediately when incorporating effective rent into your valuation or consulting work.

Upon completion of this seminar, participants should be able to:
• Define effective rent and distinguish between nominal rent and effective rent
• Learn how calculating effective rent impacts property value
• Recognize how familiarity with effective rent implications helps appraisers consult with landlords and tenants in lease negotiations
• Understand how integration of the effective rent measurement impacts all three approaches to value
• Evaluate proper methods of calculating effective rent and apply the conclusions in each approach to value

Note. Participants should be familiar with discounted cash flow concepts and have a working knowledge of Excel prior to attending the seminar. Bringing a laptop with Excel will enhance understanding of the Excel demonstrations performed in class.
 
  Equipment  
HP-12C

Recommended
The Appraisal of Real Estate, 14th ed.
• Laptop
• Microsoft Excel 2007, 2010, or 2013 loaded and operational. Download a trial copy of Excel here. Note: Versions prior to 2007 will not be taught.
• Download Excel file from link provided during registration process
 
  Disclaimer  
Cancellation Policy
  • Up To 14 days prior to program start date, $30.00 cancellation fee.
  • 7 - 13 days prior to program start date, $50.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
       


Program materials can be downloaded by the student.
 
  Additional Information  
Taught by KERN G. SLUCTER, MS, MAI, SRA, MRICS

Contract or Effective Rent: Finding the Real Rent is a half-day, four-hour seminar designed for participants who want to examine the difference between contract rent and effective rent and learn how this difference must be addressed in the valuation of real estate.

Real estate appraisers and consultants, leasing agents, property managers, accounting professionals, and investors may find the content applicable to their everyday work or be able to incorporate effective rent into their valuation or consulting work. The seminar uses a combination of lecture, discussion questions, examples, and problems to address, conceptually and with a case study, the situations in which effective rent arises and the reasons that effective rent needs to be determined for valuation and
evaluation, such as consulting purposes. The seminar covers the three methods used by market participants to determine effective rent for leases involving landlord concessions and non-market based provisions. The class will discuss how the impact of effective rent is reflected in the valuation approaches. Participants should be familiar with discounted
cash flow concepts and general valuation approaches. In-class examples and problems will be demonstrated and solved with the HP-12C calculator. The case study material will be demonstrated in Excel, and a basic working knowledge of Excel is helpful but not required.

Attendance Policy
The Appraisal Institute require full attendance (100%) at the seminar in order to qualify for 4 credit hours/20 AI CE Points.
If the attendance roster reflects less than 100%, it could/will show up on the roster submission to the states.

 

 
















 
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