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Contract or Effective Rent: Finding the Real Rent

    Date: October 28, 2019   Location: Synchronous
Category  General [Gen]  
Level  Intermediate  
Attendance Hours  4.0  
Current Price  $ 95.00 AI Price  
$ 130.00 Full Price  
Kenneth G. Foltz, MAI, SRA  
Name  Synchronous  
City  Synchronous  
Click Here to check state approvals
  Sponsor / Contact  
  Appraisal Institute  
Phone  (312) 335-4473  
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.

Class Schedule
The class runs for 4 hours with at least two breaks during that time.

Additional Information
For specific offering details including exact dates and times, click on "location details" to the right under "Class Schedule & Locations."

A financial calculator is required. The accepted model used in the course is the HP-12C.

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.
Cancellation Policy
  • Up To 15 days prior to program start date, refund in full.
  • 7 - 14 days prior to program start date, $100.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
Continuing Education Credit
This seminar is approved for 4 hours of Appraisal Institute continuing education credit. This seminar might not be approved in all states by the offering date. Please check with your state board for state approval information.

This confirmation will serve as your receipt. All cancellations must be submitted in writing. Confirmed students should not assume that cancellation has been granted until a confirmation has been received.

Other Information
If you have a disability and require accommodation, please notify the national office at least two weeks in advance and we will arrange for reasonable accommodation. The Appraisal Institute reserves the rights to cancel, limit, or reschedule the seminar and to change faculty assignments and facility locations at any time.

Program materials can be downloaded by the student.
  Additional Information  
Class Schedule:
Class begins at 10:00AM Central (8:00AM Pacific, 9:00AM Mountain, 11:00AM Eastern).Class runs for four (4) hours with two 15-minute breaks. This seminar runs for (1) half day.

Times shown are Central time zone.

  • Monday, October 28: 10:00 am - 2:00 pm

  • Attendance Policy:
    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. Please note, if Appraisal Institute attendance records indicate attendance of less than 100%, the student certificate will reflect this and state agencies may refuse to award credit.

    Live Online (Synchronous)

    Materials: After registration, materials can be downloaded here: This materials link will also be sent in registration and reminder emails.

    Connection Information:
    Several minutes after you register, you will receive second e-mail which includes instructions in how to connect to the synchronous sessions.
    If you do not receive the connection information, please check your junk, spam, or quarantine folders.
    Connection e-mail reminders are sent 1 week, 1 day, and 1 hour prior to synchronous session start time.

    For questions, please e-mail or call (312) 335-4207.



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