The purpose of this seminar is to introduce the use of modern financial calculators that are commonly used by commercial real estate professionals.
The basic features of the calculator will be introduced through demonstration using a number of examples and problems that are real estate specific. The central theme of the seminar is the HP12C calculator, several alternative machines, including the HP10, HP17B2, and HP19B2 may be mentioned.
The objective of the seminar is to expose the student to many of the basic features of the machines, so that the student may determine which features are important to his or her professional tasks. A second objective is to give the student sufficient basic skills to attend the Appraisal Institute’s income property courses.
This seminar is developed for commercial real estate professionals. There will be extensive discussion of the basic functions of the calculator along with a thorough treatment of the financial functions, but there will be no treatment of the statistical, depreciation, bond, or programming abilities variously available with these machines. In addition, students must be familiar with the concepts of compounding and discounting prior to the class.
Module 1: Getting Started
Module 2: Non Financial Functions and Keys
Module 3: Basics of Financial Functions
Module 4: Amortization and Irregular Cash Flows
Module 5: Real Estate Problem Solving
• Be comfortable with the basic style of data entry and be able to do simple arithmetic calculations.
• Be able to use several of the specialized non-financial keys offered on the HP12C.
• Understand the concepts of amortization and irregular cash flows and be able to input information into the calculator and solve for these types of problems.
• Solve complex problems encountered in the commercial real estate brokerage or appraisal businesses.
AI CE Credit for Designated members and Practicing Affiliates
• Attend Only = 35 points