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General Appraiser Income Approach/Part 2

CALL   Date: October 12 - 16, 2018   Location: Houston, TX
 
  Course  
Category  General [Gen]  
Attendance Hours  27.0  
Exam Hours  3.0  
Current Price  $ 575.00 AI Price  
$ 600.00 Full Price  
 
  Instructor  
Larry T. Wright, MAI, SRA, AI-GRS  
    
 
  Location  
Name  O'Connor & Associate  
Address  2200 North Loop West, Ste. 230  
City  Houston  
State  TX  
Zip  77018  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Houston
Website  www.aihouston.com  
Contact Name  Lori Wilkins  
Email  lori@amchouston.com  
Phone  (713) 668-1757  
Fax  (713) 839-1453  
 
  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, refund in full.
  • 7 - 14 days prior to program start date, $50.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
  Transfer Policy
  • Up To 15 days prior to program start date, no transfer fee.
  • 7 - 14 days prior to program start date, $25.00 transfer fee.
  • Less than 7 days prior to program start date, no transfer allowed.
   


Program materials can be downloaded by the student.
 
  Additional Information  
The course site is located at:
O'Connor & Associates
2200 North Loop West
Houston, Texas 77018
346-571-7074


Registration starts at 8:00 a.m. and class starts at 8:30 a.m.
Class will run from 8:30 a.m. - 5:00 p.m.
Exam: Tuesday, October 16th at 2:00 p.m. (three hours exam)

Parking: Park on the surface parking lot.

Class: Check In - Suite 230

Breaks: Coffee, water and snacks will be served throughout the day. Lunch is provided on site.

Bring your own laptops and e- readers to view downloaded materials.

Hotels:

Courtyard Marriott
North Loop West

Hampton Inn
12909 Northwest Freeway
Houston, TX 77040
713-939-7100

Creastwood Suites
12925 Northwest Freeway
Houston, TX 77040
713-895-8888

Crowne Plaza
12801 Northwest Freeway
Houston, TX 77040
713-462-9977

Red Roof Inn (not a recommended hotel to use)

 

 
















 
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