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Contract or Effective Rent: Finding the Real Rent

    Date: November 10, 2017   Location: Addison, TX
 
  Seminar  
Category  General [Gen]  
Level  Intermediate  
Attendance Hours  4.0  
Current Price  $ 100.00 AI Price  
$ 150.00 Full Price  
Note
Please register early  
After Oct 31, 2017
$ 25.00  
 Late Fee
 
  Instructor  
Leslie P. Sellers, MAI, SRA, AI-GRS  
    
 
  Location  
Name  Radisson Hotel Dallas North-Addison  
Address  4960 Arapaho Road  
City  Addison  
State  TX  
Zip  75001  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  North Texas
Website  www.ainorthtexas.org  
Contact Name  Ruth A. Kelton  
Email  ainorthtexas@sbcglobal.net  
Phone  (972) 233-2244  
Fax  (000) 000-0000  
 
  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 15 days prior to program start date, $50.00 cancellation fee.
  • 2 - 14 days prior to program start date, $50.00 cancellation fee.
  • Less than 2 days prior to program start date, forfeit of payment.
       

CANCELLATION POLICY:
Requests for cancellation must be received in writing at the Chapter Office. The Chapter reserves the right to cancel, limit, or reschedule the course and to change faculty assignments and facility location at any time; therefore, prospective students should confirm their registration prior to making any non-refundable airline reservations. The Appraisal Institute, North Texas Chapter is not responsible for students’ non-refundable airline reservations or other travel costs.

There are NO transfers; you must cancel out of the seminar.

SEMINAR MATERIAL POLICY:
Course material will be distributed to students during registration on November 10. Materials will not be shipped to students. If students would like to view the material prior to class, it can be accessed online in the Appraisal Institute Knowledge Center. To access the Knowledge Center, click on the link provided in the course confirmation you receive immediately after registering for the class.

ATTENDANCE POLICY:
The Appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies. The Appraisal Institute issues certificates for state certification/licensing or state continuing education credit that verify successful completion and attendance of 100% with your grade notification letter for courses, or at the conclusion of seminars. One hundred percent (100%) attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualifications Board minimum criteria requirements.

ADA COMPLIANCE:
If you are disabled and/or have special needs, a prompt reply is required to allow sufficient time to arrange for reasonable accommodations. If notification is not requested in advance, we cannot guarantee the availability of accommodation on site. For additional information, please call the Chapter office at 972-233-2244.



Program materials can be downloaded by the student.
 
  Additional Information  

SEMINAR MATERIAL REMINDER:
During the registration process, if you selected the option to receive the seminar material via download, please be reminded to load the materials on a laptop or tablet and bring it to class with you. For the students that did not select the download option, materials will be distributed during seminar registration. Materials will not be shipped directly to the students.

SEMINAR LOCATION:
Radisson Hotel Dallas North-Addison
4960 Arapaho Road
Addison, TX 75001
972-490-1212
The Radisson Hotel is conveniently located west of the Dallas North Tollroad at the southwest corner of Arapaho Road and Quorum Drive.

SEMINAR SCHEDULE:
Registration – 8:00 to 8:30am
Lecture – 8:30am to 12:30pm
Beverage service will be provided.

CONTINUING EDUCATION POINTS/CREDITS:
Appraisal Institute Points – 20 points (4 hours)
Texas Continuing Education (ACE) - 4 hours

TUITION INCLUDES:
Seminar materials.

STUDENT ROSTERS:
Students that do not wish to have their name, address, phone number and email address published to other students in the class must notify the Chapter five (5) days prior to the beginning of the seminar.

ACCOMMODATIONS:
The Radisson Hotel Dallas North-Addison, 4960 Arapaho Road, Addison, TX, 75001, 972-490-1212, (www.radisson.com/addison-hotel-tx-75001/usadntx). A special guest room rate of $89.00++ per night is available for a room with a king bed and sofa sleeper or a room with two queen beds. Guest rooms include a microwave, mini-refrigerator, coffee maker, television and desk. Hotel amenities include complimentary Wifi, 24-hour business center, outdoor swimming pool, fitness center, snack and sundry shop, room service and an on-site restaurant (serving breakfast and dinner) and bar.

To Book A Reservation:
24/7 Telephone Reservations: 972-490-1212, option 1. Ask for the Appraisal Institute $89.00 Corporate Rate.
24/7 Online Reservations: https://www.radisson.com/addison-hotel-tx-75001/usadntx -> CLICK More Search Options -> Rate Type: Corporate Account ID -> Enter Code: 19385 -> Search -> Screen will reflect the discounted rates.

TRANSPORTATION:
Transportation is available via Supershuttle to and from Dallas Love Field Airport and DFW International Airport. SuperShuttle fares are subject to change, so verify pricing at www.supershuttle.com.

 

 
















 
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