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Advanced Income Capitalization

    Date: June 3 - 7, 2019   Location: Louisville, KY
 
  Course  
Category  Capitalization [Cap]  
Level  II  
Attendance Hours  32.0  
Exam Hours  3.0  
Current Price  $ 800.00 AI Price  
$ 1,100.00 Full Price  
 
  Instructor  
Rick L. Carlile, MAI  
    
 
  Location  
Name  Country Inn & Suites  
Address  1241 Kentucky Mills Dr  
City  Louisville  
State  KY  
Zip  40299  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Bluegrass
Website  www.bluegrasschapter-ai.org  
Contact Name  Susan Katz  
Email  executive.director@bluegrasschapter-ai.org  
Phone  (502) 727-9181  
Fax  (800) 504-7165  
 
  Description  

The 35-hour Advanced Income Capitalization course implements a blended learning approach, which includes a pre-class, two-hour online session combined with 30 hours of traditional classroom education and wraps up with a three-hour exam on the fifth morning.

Please note Designated Members, Candidates for Designation and Practicing Affiliates will receive the discounted AI Price for Advanced Education courses: Advanced Income Capitalization, Advanced Market Analysis and Highest and Best Use, Advanced Concepts and Case Studies, and Quantitative Analysis. All others will pay full price.

For more information on how to become a Candidate for Designation, click here.

Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; course equivalencies. Click here.

Course Description
Advanced Income Capitalization builds on topics covered in the General Appraiser Income Approach/Part 1 and General Appraiser Income Approach/Part 2 courses. It introduces additional topics that a seasoned general appraiser can expect to meet in everyday practice. The course features a limited review of material covered in the previous income courses to maximize the time available for advanced topics.

Advanced topics are divided into six general areas:

• Operating income issues, including complex lease structures, reimbursements, and tenant improvement allowances
• Property valuation techniques, property taxes that are a function of market value, reversions, property model applications, and supporting the discount rate
• Complex mortgage instruments and the effects of leverage
• Equity valuation
• Investor motivations, including measures and types of risk, measures of return, and income tax consequences
• Case study applications of an office building, a subdivision, and a proposed development with prospective and subject to hypothetical values

Downloads
Table of Contents and Overview (PDF)
Course Schedule (PDF)
 
  Audience  
• General appraisers with a solid background in the income capitalization approach

• Accountants

• MAI Designation course
 
  Equipment  
• Laptops (external mouse recommended)
• Spreadsheet program: Excel 2007 (participants can use other spreadsheet programs, but those programs won’t be supported in class; demonstrations will be done in Excel)
• Calculators. 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.
• You must be familiar with basic Excel and calculator operation when the course begins. Answers to problems in course material are shown using Excel and the HP-12C. Do not come to class expecting to be taught how to use Excel or 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  
Required:
Advanced Education Diagnostic Test
Basic Appraisal Principles
Basic Appraisal Procedures
15-hour National USPAP

RECENT successful completion:
General Appraiser Income Approach/Part 1
General Appraiser Income Approach/Part 2

Recommended:
Using Spreadsheet Programs in Real Estate Appraisals - The Basics or similar course/seminar

Participants 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  
  Brochure  
  Capitalization Theory and Techniques Study Guide, 3rd ed.  
  Rates and Ratios Used in the Income Capitalization Approach  
  The Dictionary of Real Estate Appraisal , 6th ed.  
 
  Disclaimer  
Cancellation Policy
  • $100.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
      Program Material Policy

Beginning 4 weeks before the offering start date, program material will be shipped directly to the student. 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. Contact the offering sponsor for more information.
  • Cancel Offering, $25.00 material fee.

Cancellations/Refunds: Requests for cancellations must be received in writing at the Chapter office. Confirmed students should not assume that cancellation has been granted until a confirmation has been received. Please be sure to read "Cancellation Policy". Cancellation days are BUSINESS DAYS.

If you cancel there is an additional $25 material charge from the national office. You do not return course materials any longer.

The Bluegrass Chapter of the Appraisal Institute is not responsible for students' non-refundable airline reservations or other travel expenses. The Chapter reserve the right to cancel, limit, or reschedule the course and to change the faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.

Course Attendance: 100% attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements.

ADA Policy: If you have a disability and may require special accommodations, please notify the chapter office at least two weeks in advance and we will arrange for reasonable accommodations.



Program materials can be downloaded by the student or can be shipped directly to the student. If you choose to have the material shipped and do not receive your materials within 5 days before the offering start date, please call the sponsor to inform them.
 
  Additional Information  
Course Schedule: Sign-in 8:15 a.m. Class 8:30 a.m. - 5:00 p.m. 100% Attendance is required for all Appraisal Institute education programs. Students should not be late or leave early. Those missing class times may not receive credit. Please review "Cancellation Policy".

Hotels in area: Country Inn & Suites, 1241 Kentucky Mills Dr. Louisville, KY (502) 261-9434. Ask for Bluegrass Chapter rate

Fairfield Inn, 1220 Kentucky Mills Dr, Louisville, KY (502) 240-6171

Quality Inn, 1301 Kentucky Mills Dr., Louisville, KY 40299, (502) 267-8100;

Microtel, 1221 Kentucky Mills Dr, Louisville, KY (502) 266-6590

Value Place, 1201 Kentucky Mills Dr, Louisville, KY (502) 290-0036

Holiday Inn Express, 1620 Alliant Ave., Louisville, KY (502) 240-0035;

Hilton Garden Inn, 1530 Alliant Ave, Louisville, KY (502) 297-8066;

Hampton Inn, 1451 Alliant Ave. Louisville, KY (502)809-9901;

LaQuinta Inn,1501 Alliant Avenue, Louisville, KY (502) 267-8889;

Candlewood Suites, 11762 Commonwealth, Louisville, KY (502) 261-0085;

Sleep Inn, 1850 Priority Way, Louisville, KY, (502) 266-6776



 

 
















 
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