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Welcome. If you are a returning student or member of the Appraisal Institute, please log in. Back to Schedule  |  Select an Offering  |  Forgot Password?  |  Create Login       Supporting Capitalization Rates EMAIL   Date: November 14, 2008   Location: Rockville, MD     Seminar     Category   Capitalization [Cap]   Attendance Hours   7.0   Current Price   $ 195.00 Member * $ 215.00 Regular * * includes late fee Late Fee   $ 20.00     Instructor     Thomas M. Korpiel, MAI            Location     Name   Universities at Shady Grove   Address   9630 Gudelsky Drive   City   Rockville   State   MD   Zip   20850-5822   Phone   (301) 738-6023     Click Here to check state approvals          Sponsor / Contact     Chapter   Washington DC Metropolitan Area Website   www.appraisalinstitutedc.org   Contact Name   Peter Houstle   Email   info@appraisalinstitutedc.org   Phone   (301) 924-1020       Description     You use capitalization rates in nearly every commercial appraisal, yet do you still wrestle with developing a cap rate and then encounter criticism? If you need to improve your ability to select and defend cap rates, this seminar is for you. Departing from an emphasis on theory and mathematics, Supporting Capitalization Rates focuses on practical ways to incorporate judgment and market experience into the rate selection process. You’ll learn to apply what you have learned about capitalization rates to real-world situations. In fact, the theme of this seminar is that a well-supported capitalization rate takes into account market activity, is tested for reasonableness, and demonstrates the appraiser’s consideration of the relevant factors that affect the property. Working with case studies, you will develop well-supported, market-extracted capitalization rates reflecting specific economic and property characteristics. You’ll learn to identify the strengths, weaknesses, and data requirements of various methods to help you select the most appropriate method for any given appraisal problem. After attending this seminar, you will be able to Explain the source and application of capitalization rates. Recognize the relevant factors that influence cap rates. Develop and apply market-extracted cap rates. Recognize common errors deriving and applying capitalization rates. Appreciate how economic, market, and property characteristics can affect capitalization rates. Understand the considerations in the selection and support of the appropriate capitalization rate for a specific property.     Equipment     An HP-19BII, HP-17BII, HP-12C, or equivalent calculator     For Further Reading     •   Capitalization Theory and Techniques, Study Guide, Second Edition       Disclaimer     Cancellation Policy Up To 14 days prior to program start date, refund in full. 5 - 13 days prior to program start date, $50.00 cancellation fee. Less than 5 days prior to program start date, forfeit of payment.   Transfer Policy Up To 14 days prior to program start date, no transfer fee. 5 - 13 days prior to program start date, $25.00 transfer fee. Less than 5 days prior to program start date, no transfer allowed.     Program materials will be picked up at the site.     Additional Information     Schedule: Registration begins at 8:30am. Seminar is from 9am-5pm with one hour lunch (on your own). Location: Universities at Shady Grove Building 1 - Room 101 9630 Gudelsky Drive Rockville, MD 20850 301.738.6023 Driving Directions from I-270 • Take the MD-28 W. exit # 6B towards DARNESTOWN • Merge onto W. Montgomery Ave./MD-28 W. • Turn LEFT onto Darnestown Rd. • Turn LEFT onto ShadyGrove Rd. • Turn RIGHT onto Gudelsky Way • Turn LEFT onto Gudelsky Dr. • Parking available in lots 1 and 2 on your left.

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