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General Appraiser Income Approach/Part 2
Date:
June 14 - 17, 2010
Location:
Maitland, FL
Course
Category
General [Gen]
Attendance Hours
27.0
Exam Hours
3.0
Current Price
$ 495.00
Member
$ 550.00
Regular
Instructor
Harry B. Holzhauer, MAI, SRA
Location
Name
University of Phoenix - Maitland
Address
2290 Lucien Way
Suite 400
City
Maitland
State
FL
Zip
32751
Phone
(407) 712-1409
Click Here
to check state approvals
Sponsor / Contact
Chapter
East Florida
Website
www.eflai.org
Contact Name
lauren Dowling
Email
lauren@eflai.org
Phone
(407) 888-9480
Fax
(813) 654-9814
Description
After a diagnostic quiz on the six financial functions of one and a brief review,
General Appraiser Income Approach/Part 2
opens with a thorough treatment of discounted cash flow (DCF) analysis. Topics include identifying components of a DCF, projecting cash flows, analyzing leases, solving for value in a variety of common situations, and supporting the discount rate. The effects of debt financing including cash equivalence and equity analysis are covered in detail. Income patterns and property models including residual and other applications are followed by selecting and supporting the discount rate. Also presented are the strengths and weaknesses of direct and yield capitalization. The final section reviews and summarizes the mathematical concepts involved with income capitalization and prepares the participant for not only the course exam but also the certification exam.
The Appraisal Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN, 37219-2417. Web site:
www.nasba.org
.
Delivery Method: Group-Live
Downloads
Table of Contents and Overview
[PDF]
Course Schedule
[PDF]
Audience
Those seeking General Appraiser Certification, underwriters, lenders, and assessors.
Equipment
HP12C calculator
HP12C calculator user's manual
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.
Laptops NOT REQUIRED
Prerequisites
Basic Appraisal Principles
Basic Appraisal Procedures
General Appraiser Income Approach/Part 1
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.
For Further Reading
The Appraisal of Real Estate, 13th ed.
Mathematics for Real Estate Appraisers
Rates and Ratios Used in the Income Capitalization Approach
Capitalization Theory & Techniques Study Guide, 3rd ed.
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.
In order that we may comply with ADA, we need advance notice of any special needs you may have. Please provide written details of any special needs you may have under ADA on a separate page and send it in at least two weeks in advance in order that reasonable accommodations may be arranged.
We reserve the rights to cancel, limit, or reschedule the course and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.
Attendance: The Appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies. The Appraisal Institute issues certificates for state certification or state continuing education credit that verify successful completion and attendance of 100% with your course grade notification letter; 100% attendance is required at seminars to receive continuing education credit.
IF YOUR SEMINAR MATERIALS WERE SENT DIRECTLY TO YOU, PLEASE MAKE SURE YOU BRING IT WITH YOU TO CLASS EACH DAY. ADDITIONAL MATERIALS WILL NOT BE AVAILABLE TO YOU AT THE CLASS.
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
University of Phoenix
2290 Lucien Way #400, Maitland, FL
Registration - Monday 8:15 AM - 8:30 AM
Instruction Monday - Wednesday 8:30 AM - 4:30 PM, Thursday 8:30 - 2:00 PM
Exam - Thursday, 2:00 PM
Directions: Take I-4 to Maitland Blvd East/West. Travel West on Maitland to stop light, sign above lane will say (South Lake Destiny). Turn right only Maitland Blvd. Stay in the left lane to the left of the concrete lane divider. Turn left at first light, this is Lake Destiny; Go one block, turn left at light. This will still be Lake Destiny. Follow the road as it curves and runs along I-4 until the first right. Turn right onto Lucien Way, (there will be a 3 foot sign saying Lake Lucien Executive Center). Follow Lucien Way to the 5th driveway on the left. Sign at the driveway will say 2290 Maitland Green II. There will be a sign next to the door of the building that says University of Phoenix. Go to the 4th floor.
Hotels: (Hotels are not endorsed by the East Florida Chapter of the Appraisal Institute)
Homewood Suites
407-875-8777
Special rate for students - mention taking a class at the University of Phoenix
Residence Inn Marriott - Altamonte Springs
407-788-7991 - Ask for University of Phoenix rate of $94
Sheraton Orlando North Maitland
407-660-9000
Couryard by Marriott Orlando/Altamonte Sprints/Maitland
407-659-9100
For any additional questions please call: 407-888-9480.
The Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and
conducts its activities in accordance with federal, state and local laws.
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All rights reserved.