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General Appraiser Income Approach/Part 1
September 18 - 21, 2013
Plymouth Meeting, PA
Albert R. Hughes, III, MAI
SpringHill Suites - Plymouth Meeting
430 Plymouth Road
to check state approvals
Sponsor / Contact
Tiffany L. Lewis
After a brief review and introduction,
General Appraiser Income Approach/Part 1
opens with a graphic treatment of the time value of money, the six financial functions of a dollar, and important associated concepts. A thorough, detailed analysis of gross income including leases and the various expenses appropriately deducted from gross income follows, with realistic case studies of several income property types. Direct capitalization is then presented using overall capitalization rates, band of investment, and residual techniques. Substantial class time is devoted to practicing the taught concepts to prepare participant for the 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:
Delivery Method: Group-Live
Table of Contents and Overview
Those seeking general Appraiser Certification, underwriters, lenders, and assessors.
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.
Using a Financial Calculator; Symbols and Formulas, Capitalization Selection Tree, and Sample Problems;
Financial Calculator Practice Exercises
For additional help with the HP12C calculator, take our online seminar,
Using Your HP12C Financial Calculator.
Laptops NOT REQUIRED
Basic Appraisal Principles
Basic Appraisal Procedures
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.
The Dictionary of Real Estate Appraisal, 5th ed.
Rates and Ratios Used in the Income Capitalization Approach
Mathematics for Real Estate Appraisers
Capitalization Theory and Techniques Study Guide, 3rd ed.
Up To 15 days prior to program start date, $50.00 cancellation fee.
7 - 14 days prior to program start date, $125.00 cancellation fee.
Less than 7 days prior to program start date, forfeit of payment.
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, you will automatically be charged a $25.00 fee and you may keep the material. Once the fee is charged, your refund will be processed. Material returns are no longer accepted. Contact the offering sponsor for more information.
Cancel Offering, $25.00 material fee.
ENROLLMENT POLICY: Your enrollment form and payment by check or online registration must be received by the chapter office at least 10 business (10) days prior to the start of the course to avoid a late charge. Any forms received within 9 business days or less of the first day of class will pay an additional $50.00. We do not accept walk-in students. ATTENDANCE POLICY. Please be aware that the Appraisal Institute enforces the 100% attendance requirements mandated by the Appraisal Foundation and state regulatory agencies. If you do not attend 100% of the course or seminar, you will receive a notice with your examination results from the Appraisal Institute stating that you have not met the attendance requirement. You must sit for the exam on exam day, pass the exam, and attend all classes to receive a certificate of completion. Pennsylvania State Appraisal Board requires 100% attendance and a passing grade on the exams. Partial credit not awarded. If you have a disability and may require some form of accommodation, please notify us in writing at least 2 weeks in advance and we will arrange for reasonable accommodation.
Program materials can be downloaded by the student or can be shipped directly to the student. If you choose to have the material shipped and do not receive your materials within 5 days before the offering start date, please call the sponsor to inform them.
**COMPLETION OF REGISTRATION PROCESS CONSTITUTES ACCEPTANCE OF THE CANCELLATION POLICY AS OUTLINED ABOVE** Driving Directions From Philadelphia: Take I-76 westbound toward Valley Forge. At exit 331B, take ramp right for I-476 North / Blue Route toward Plymouth MTG. At exit 20, take ramp right for Germantown Pike-West / Plymouth Rd toward Penna Turnpike West. Turn left onto Plymouth Rd. From Harrisburg: Take I-76 East / Pennsylvania Tpke toward Philadelphia. At exit Norristown Interchange, take ramp right for Plymouth Road toward Norristown. Turn left onto Plymouth Rd. Hotel Information: SpringHill Suites,Plymouth Meeting, PA T: 1-610-940-0400. Call or email Tiffany Lewis with questions at 610-326-0100, email@example.com