Home | Site Map | Contact Us
  View Cart              View Cart             
26 Registrations in Cart
 
 
Welcome. If you are a returning student or member of the Appraisal Institute, please log in.
Back to Schedule  |  Select an Offering  |  View Cart  |  Forgot Password?  |  Create Login
 
   


Apartment Appraisal: Concepts and Applications

    Date: April 8 - 9, 2010   Location: Tigard, OR
 
  Course    
Category  General [Gen]  
Level  I  
Attendance Hours  15.0  
Exam Hours  1.0  
Current Price  $ 275.00 Member
$ 300.00 Regular
 
  Instructor    
Dawn M. Molitor-Gennrich, SRA  
    
 
  Location    
Name  Phoenix Inn & Suites  
Address  9575 SW Locust St.  
City  Tigard  
State  OR  
Zip  97223  
Phone  (503) 624-9000  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Greater Oregon
Website  www.oregonappraisers.org  
Contact Name  Vicki Champ  
Email  aioregon@oregonappraisers.org  
Phone  (503) 316-1979  
Fax  (503) 364-1456  
 
  Description    
This two-day course demonstrates how to apply the valuation methods taught in earlier courses to small and mid-sized apartment properties. Participants learn the importance of sound market analysis and how to select the most suitable valuation approaches for each assignment, with emphasis on direct income capitalization. The course material is packed with sources of electronic and conventionally published data on rents, occupancy by market area, and investor expectations as well as pointers on appraisal reporting. A case study in which a completed appraisal is reviewed brings together the concepts covered in class.


Content:


  • Competitive supply and demand analysis
  • Highest and best use analysis
  • Income capitalization, beginning with how to develop a reconstructed operating statement
  • Sales comparison and cost approaches as applied to apartment appraisal
  • Case study based on review of an apartment appraisal


What You Will Gain:


At the end of the course, you will be able to


  • Identify and distinguish between different apartment classifications
  • Identify the six-step market analysis process as a framework for analyzing a market standard and developing a highest and best use conclusion
  • Calculate one year’s potential gross income for use in direct capitalization
  • Analyze an owner’s operating statement and compare it with an appraiser’s reconstructed operating statement
  • Recognize the importance and relative weight of each valuation approach applied to an apartment property
  • Identify the reporting options for apartment appraisals
  • Recognize potential underwriting pitfalls related to apartment appraisal reporting

Required Texts

Uniform Standards of Professional Appraisal Practice, current ed.

Downloads
  • Table of Contents and Overview [PDF]
  • Course Schedule [PDF]
    •  
      Audience    
    General appraisers and residential appraisers with an interest in this property type
     
      Equipment    
  • HP12C calculator
  • You must be familiar with calculator operation when the course begins. Answers to problems in course material are shown using the HP12C. Do not come to class expecting to be taught how to use a financial calculator.
  • Free Review—Using a Financial Calculator; Symbols and Formulas, Capitalization Selection Tree, and Sample Problems; and Financial Calculator Practice Exercises
  • For additional help with the HP12C calculator, take our online seminar, Using Your HP12C Financial Calculator.
    		•
     
      Prerequisites    
    Successful completion of Basic Appraisal Principles, Basic Appraisal Procedures, and General Appraiser Income Approach/ Part 1 or equivalent courses is highly recommended.

    Students 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.

    Required
  • Uniform Standards of Professional Appraisal Practice, current ed.
    •  
      For Further Reading    
    •  Apartment Appraisal: Concepts and Applications  
    •  Individual Condominium Unit Appraisal Report, 2nd ed.  
    •  Cooperative Apartment Appraisal  
    •  Valuation of Apartment Properties  
     
      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.
    		   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, a call tag will be issued for the return of this material. A registration refund will not be issued until the material has been returned.

    If you have a disability and require accommodation, please notify the chapter office at least two weeks in advance and we will arrange for reasonable accommodation. We reserve the rights change instructors,cancel, limit, or reschedule the course and to change faculty assignments and facility locations at any time.


    Program materials will be shipped directly to the student. If you do not receive your materials within 5 days before the offering start date, please call the sponsor to inform them.
     
      Additional Information    

    The class is being held at The Phoenix Inn & Suites, 9575 SW Locust Street, Tigard, OR. For room reservations contact the hotel directly at 503.624.9000. Mention the Appraisal Institute to get a better guest room rate. Registration is 8:00-8:30am, Class hours are 8:30-5:00pm the first day. The instructor will give you the class hours the rest of the class.Lunch will not be provided with this program. If you received your material by UPS, please be sure to bring it to class, we won't have any extra.
     

     
     
    The Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and
    conducts its activities in accordance with federal, state and local laws.
    Copyright © Appraisal Institute.
    All rights reserved.