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Income Approach for Residential Appraisers

    Date: October 18, 2019   Location: Freeport, ME
 
  Seminar  
Category  Residential [Res]  
Level  Intermediate  
Attendance Hours  7.0  
Current Price  $ 150.00 AI Price  
$ 175.00 Full Price  
 
  Instructor  
Edward V. Bowler, MAI, SRA  
    
 
  Location  
Name  Hilton Garden Inn  
Rep  Jackie Beauchaine  
Address  5 Park Street  
City  Freeport  
State  ME  
Zip  04032  
Phone  (207) 865-1433  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Maine
Website  www.maineai.org  
Contact Name  Jacqueline Beauchaine  
Address  P.O. Box 509  
City  Torrington  
State  CT  
Zip  06790  
Email  connecticut_chapte@sbcglobal.net  
Phone  (860) 482-9992  
 
  Description  

Do you want to expand into 2-to-4 income property appraisals? If so, you won’t want to miss this new seminar! Using the income approach, you’ll learn how to accurately derive a value from an income stream with confidence and become familiar with the usefulness of the lesser-used income approach in the realities of a post-recession residential market. For many it will serve as a review of techniques learned yet unused. For others it will function as an introduction to the income capitalization approach, specifically the premise of the approach, the difference between gross and net rent, the difference between capitalization rates and multipliers, and the application of income capitalization using a gross rent multiplier. If your assignments are currently limited to performing mortgage appraisals, attend this seminar to learn how the income approach relates to value and watch your opportunities grow. 

Upon completion of the seminar, participants should be able to:
• Recognize the premises of the sales, income and cost approaches and how they relate to the valuation process
• Classify examples of rent based on gross or net characteristics
• Demonstrate the ability to analyze relevant characteristics of a rental contract
• Describe the difference between a rate and a multiplier, and when their use is appropriate
• Solve a calculation by developing a rate and solve a calculation by developing a multiplier
• Construct a logical system for reporting the results of a simple income approach
• Assess the benefit of the multiplier and the rate in several situations
 
  Equipment  
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.
 
  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.
   
ENROLLMENT
Enrollment is on a first-come, first served basis. If the event is filled, a waiting list will be retained. The ConnecticutChapter reserves the rights to cancel, limit, or reschedule any 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 with the Chapter office before making any non-refundable airline reservations. Transfers are not allowed.

ATTENDANCE
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 some seminars. One hundred percent (100%) attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements.

PREREQUISITES
Some offerings have prerequisites. Be sure to read the course or seminar description to find out if there are any prerequisites for this offering.

REQUIRED TEXTBOOKS
Some offerings have required textbooks. Be sure to read the course or seminar description to find out if there are any required textbooks for this offering. There will not be any textbooks for purchase at the class. Students must purchase any required textbooks prior to the start date of the offering.

REQUIRED EQUIPMENT
Some offerings require each student to bring a laptop and/or other equipment. Be sure to read the course or seminar description to determine if any equipment is required. Students are responsible for safeguarding their equipment and personal belongings at all times. The Appraisal Institute, the San Diego Chapter, the course or seminar Instructor, or the facility will not be responsible for any loss of students’ personal belongings.

CLASS MATERIALS TO DOWNLOAD
Some offerings are now available with downloadable materials. If a student opted to download materials instead of having materials direct shipped, the student will be required to bring the materials to class on a laptop. All students must have their own set of the materials to receive any credit for the class. Extra copies of materials will not be available at the class.

ADA COMPLIANCE
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 any student needs accommodations to participate because of a disability, please notify the Chapter office in writing at least two weeks in advance of the program and reasonable accommodations will be arranged. Without two weeks’ notice, accommodation may not be available.

COMPLETION CERTIFICATES
For scannable exams, written notification of results will be sent via email 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, if the offering is an Appraisal Institute-developed seminar, will be distributed via email within 15 business days after completion of the seminar. Certificates of completion for Chapter-developed seminars will be distributed at the conclusion of the class. Express Grading for scannable exams is available. For more information about Express Grading, contact the Appraisal Institute National office at (312) 335-4207.


Program materials can be downloaded by the student.

Program materials can be downloaded by the student.
 
  Additional Information  
Registration: 8:00 a.m. - 8:30 a.m.

Class: 8:30 a.m. - 4:30 p.m.


CE:
35 AI points
Application pending State Maine RE Appraisal Commission

 

 
















 
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