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General Appraiser Income Approach/Part 2

CALL   Date: April 8 - 11, 2018   Location: Addison, TX
 
  Course  
Category  General [Gen]  
Attendance Hours  27.0  
Exam Hours  3.0  
Current Price  $ 585.00 AI Price *  
$ 635.00 Full Price *  
* includes late fee
Late Fee  $ 50.00  
 
  Instructor  
Edwin W. Litolff, Jr, MAI  
    
 
  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  

After a diagnostic quiz on the six financial functions of one and a brief review, General Appraiser Income Approach/Part 2 opens with a thorough treatment of discounted cash flow (DCF) analysis. Topics include identifying components of a DCF, projecting cash flows, analyzing leases, solving for value in a variety of common situations, and supporting the discount rate. The effects of debt financing including cash equivalence and equity analysis are covered in detail. Income patterns and property models including residual and other applications are followed by selecting and supporting the discount rate. Also presented are the strengths and weaknesses of direct and yield capitalization. The final section reviews and summarizes the mathematical concepts involved with income capitalization and prepares the participant for not only the course exam but also the certification exam.


National Registry of CPE SponsorsThe 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: www.nasba.org.

Delivery Method: Group-Live


Downloads
Table of Contents and Overview (PDF)
Schedule (PDF)
 
  Audience  
• Those seeking General Appraiser certification

• Underwriters

• Lenders

• Assessors
 
  Equipment  
• Laptops are NOT required.
• 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.
• HP-12C 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 HP-12C. 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; and Financial Calculator Practice Exercises
• For additional help with the HP-12C calculator, take our online seminar, Using Your HP-12C Financial Calculator
 
  Prerequisites  
Basic Appraisal Principles
Basic Appraisal Procedures
General Appraiser Income Approach/Part 1

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.  
  Mathematics for Real Estate Appraisers  
  Rates and Ratios Used in the Income Capitalization Approach  
  Capitalization Theory and Techniques Study Guide, 3rd ed.  
 
  Disclaimer  
Cancellation Policy
  • 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.
       

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 course.

COURSE MATERIAL POLICY:
Course material will be shipped directly to the student within four (4) weeks of registration. If this material has been shipped and you request a registration cancellation, you will automatically be charged a $25.00 fee and you may keep the material. Once the fee is charged, your refund will be processed. Material returns are no longer accepted.


PREREQUISITES:
Some courses have prerequisites. Be sure to read the course description to find out if there are any prerequisites for this course.


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. Attendance at course orientation is mandatory. 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  
REMINDER TO BRING COURSE MATERIAL TO CLASS:
During the registration process, if you selected the option to receive the course material via download, please be reminded to load the materials on a laptop or tablet and bring the laptop or tablet to class with you. For the students that did not select the download option, materials will be distributed at course registration on the first day of class. Materials will not be shipped directly to the students.

COURSE 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.

COURSE SCHEDULE:
Registration – April 8 (8:00am to 8:30am)
Lecture – April 8, 9 & 10 (8:30am to 5:00pm)
Lecture - April 11 (8:30am to 2:00pm)
Exam - April 11 (2:00 to 5:00pm)
All day beverage service. Lunch will not be provided.

APPRAISAL INSTITUTE CONTINUING EDUCATION POINTS:
Attendance Only = 150 points (general) or 175 points (residential)
Attend and Pass = 200 points (general) or 225 points (residential)
Pass Exam Only = 150 points (general) or 200 points (residential)
30 hours (27 classroom; 3-hour exam)

TEXAS EDUCATION CREDITS:
Qualifying Education (QE) - 30 hours
Continuing Education (ACE) = 27 hours

TUITION INCLUDES:
Tuition includes course 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 course.

EXAMINATION GRADING POLICY - 5-7 Business Days:
The Appraisal Institute's National office will email examination results and certificates of attendance to the students within 5-7 business days from the date the examinations are received at the National Appraisal Institute office.

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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