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Advanced Income Capitalization

CALL   Date: October 22 - 26, 2012   Location: Ontario, CA
 
  Course    
Category  Capitalization [Cap]  
Level  II  
Attendance Hours  32.0  
Exam Hours  3.0  
Current Price  $ 675.00 AI
$ 775.00 Full
 
  Instructor    
Thomas R. Kirby, MAI, SRA  
    
 
  Location    
Name  University of Phoenix  
Address  3110 E. Guasti Road  
   Suite 100  
City  Ontario  
State  CA  
Zip  91761-1219  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Southern California
Website  www.sccai.org  
Contact Name  Lianna Chaparyan/Linda Zimmer  
Email  lianna@sccai.org/linda@sccai.org  
Phone  (818) 957-5111  
 
  Description    

The 35-hour Advanced Income Capitalization course implements a blended learning approach, which includes a pre-class, two-hour online session combined with 30 hours of traditional classroom education and wraps up with a three-hour exam on the fifth morning.

Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; course equivalencies. Click here.

Course Description
 Advanced Income Capitalization builds on topics covered in the General Appraiser Income Approach/Part 1 and General Appraiser Income Approach/Part 2 courses. It introduces additional topics that a seasoned general appraiser can expect to meet in everyday practice. The course features a limited review of material covered in the previous income courses to maximize the time available for advanced topics. Advanced topics are divided into six general areas:

  • Operating income issues, including complex lease structures, reimbursements, and tenant improvement allowances
  • Property valuation techniques, property taxes that are a function of market value, reversions, property model applications, and supporting the discount rate
  • Complex mortgage instruments and the effects of leverage
  • Equity valuation
  • Investor motivations, including measures and types of risk, measures of return, and income tax consequences
  • Case study applications of an office building, a subdivision, and a proposed development with prospective and subject to hypothetical values


Downloads
  • Table of Contents and Overview [PDF]
  • Course Schedule [PDF]
    •  
      Audience    
    General appraisers with a solid background in the income capitalization approach, accountants. Required MAI Designation course.
     
      Equipment    
     
      Prerequisites    
    Required:

    Participants 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    
    •  Capitalization Theory and Techniques Study Guide, 3rd ed.  
    •  Rates and Ratios Used in the Income Capitalization Approach  
    •  The Dictionary of Real Estate Appraisal, 5th ed.  
     
      Disclaimer    
    Cancellation Policy
    • Up To 15 days prior to program start date, $50.00 cancellation fee.
    • 7 - 14 days prior to program start date, $150.00 cancellation fee.
    • Less than 7 days prior to program start date, forfeit of payment.
    		        
    ENROLLMENT
    Enrollment is on a first-come, first served basis. If the event is filled, a waiting list will be retained. The Southern California Chapter reserves the rights to cancel, limit, or reschedule this 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 before making any non-refundable airline reservations. There are NO transfers; you must cancel out of the offering.

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

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

    REQUIRED TEXTBOOKS
    Some classes have required textbooks. Be sure to read the class description to find out if there are any required textbooks for this course. There will not be any textbooks for purchase at the class. You must buy them ahead of time. If you arrive for a class without the required textbook credit for the class cannot be given and there will be no refund.

    REQUIRED EQUIPMENT
    Some classes require you bring a laptop and or other equipment. Be sure to read the class description to determine if any equipment is required. You are responsible for bringing your own extension cord(s). None will be provided. Please safeguard your equipment and personal belongings at all times. The Appraisal Institute, the Southern California Chapter, the Instructor or the facility will not be responsible for any loss of your personal belongings.

    CLASS MATERIALS TO DOWNLOAD
    Some classes are now available with downloadable materials. If you opted to download class materials instead of having them shipped to you, you will be required to bring the materials with you on a laptop or as a hard copy. If you do not have the materials with you credit for the class cannot be given and there will be no refund. Copies will not be available to you in the class. You are responsible for bringing your own extension cord(s). None will be provided.

    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 you need accommodations to participate because of a disability, please notify us in writing at least two weeks in advance of the program and we will arrange for reasonable accommodation. Without two weeks’ notice, accommodation may not be available.

    COMPLETION CERTIFICATES
    For scannable exams, written notification of results will be sent 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 will be sent to the student in approximately 15 days from the date of the class. Express Grading is available. For more information contact the national office at (312)335-4207.

    Program materials will be picked up at the site.
     
      Additional Information    
    09/30/2012 LAST DAY to register for and submit the diagnostic test*
    10/07/2012 LAST DAY to receive a “pass” confirmation on Diagnostic Test
    10/7/2012 LAST DAY to REGISTER for the course
    9/23/2012 Online Session Begins for Students already registered for the course
    10/14/2012 LAST DAY to complete online session

    10/22/2012 Classroom Session Begins Day 1
    Check in at 8:00am – 8:30am
    Class starts at 8:30am

    *Note, once you have passed the Diagnostic Test, you do not need to take the test again for the other Advanced Education courses.

    NO BREAKFAST OR REFRESHMENTS WILL BE SERVED.

    LUNCH: YOU ARE ON YOUR OWN

    PARKING: FREE

    TEMPERATURES IN CLASS ROOMS VARY. PLEASE DRESS ACCORDINGLY.


    •  FACILITY INFORMATION AND DIRECTIONS