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Contract or Effective Rent: Finding the Real Rent
May 4, 2018
* includes late fee
Vincent M. Dowling, MAI, SRA
3800 E. Councours Dr.
to check state approvals
Sponsor / Contact
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
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.
The Appraisal of Real Estate, 14th ed.
• Microsoft Excel 2007, 2010, or 2013 loaded and operational. Download a trial copy of Excel
. Note: Versions prior to 2007 will not be taught.
• Download Excel file from link provided during registration process
Up To 15 days prior to program start date, $50.00 cancellation fee.
2 - 14 days prior to program start date, $100.00 cancellation fee.
Less than 2 days prior to program start date, forfeit of payment.
Enrollment is on a first-come, first served basis. If the event is filled, a waiting list will be retained. The Southern California Chapter reserves the rights to cancel, limit, or reschedule this event if the minimum enrollment level is not reached, and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations. There are NO transfers; you must cancel out of the offering.
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 Qualification Board minimum criteria requirements.
Some classes have prerequisites. Be sure to read the course description to find out if there are any prerequisites for this course.
Some classes have required textbooks. Be sure to read the class description to find out if there are any required textbooks for this course. There will not be any textbooks for purchase at the class. You must buy them ahead of time. If you arrive for a class without the required textbook credit for the class cannot be given and there will be no refund.
Some classes require you bring a laptop and or other equipment. Be sure to read the class description to determine if any equipment is required. You are responsible for bringing your own extension cord(s). None will be provided. Please safeguard your equipment and personal belongings at all times. The Appraisal Institute, the Southern California Chapter, the Instructor or the facility will not be responsible for any loss of your personal belongings.
CLASS MATERIALS TO DOWNLOAD
Some classes are now available with downloadable materials. If you opted to download class materials instead of having them shipped to you, you will be required to bring the materials with you on a laptop or as a hard copy. If you do not have the materials with you credit for the class cannot be given and there will be no refund. Copies will not be available to you in the class. You are responsible for bringing your own extension cord(s). None will be provided.
It is the policy of the Appraisal Institute to provide reasonable accommodations for qualified persons with disabilities who are participating in Appraisal Institute educational programs. If you need accommodations to participate because of a disability, please notify us in writing at least two weeks in advance of the program and we will arrange for reasonable accommodation. Without two weeks’ notice, accommodation may not be available.
For scannable exams, written notification of results will be sent to the examinee approximately 15 business days from the date of receipt of the exams at the national office.
Certificates of completion for continuing education will be sent to the student in approximately 15 days from the date of the class. Express Grading is available. For more information contact the national office at (312)335-4207.
Program materials can be downloaded by the student.
CHECK IN AT 8:00 AM
CLASS STARTS AT 8:30 AM
CLASS HOURS 8:30 AM - 12:30 PM
NO BREAKFAST OR REFRESHMENTS WILL BE SERVED.
LUNCH: YOU ARE ON YOUR OWN
TEMPERATURES IN CLASS ROOMS VARY. PLEASE DRESS ACCORDINGLY.
FACILITY INFORMATION AND DIRECTIONS
200 W. Madison, Suite 1500, Chicago, IL 60606
888-7JOINAI (756-4624) |
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