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Advanced Income Capitalization

    Date: October 10 - 15, 2013   Location: Aurora, CO
 
  Course    
Category  Capitalization [Cap]  
Level  II  
Attendance Hours  32.0  
Exam Hours  3.0  
Current Price  $ 675.00 AI
$ 965.00 Full
 
  Instructor    
Harold S. McCloud, MAI  
Nelson Bowes, MAI  
    
 
  Location    
Name  Summit Conference and Event Center  
Address  411 Sable Blvd.  
City  Aurora  
State  CO  
Zip  80011  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Colorado
Website  www.colo-ai.org  
Contact Name  Sherry Engleberg  
Email  cochap@colo-ai.org  
Phone  (303) 691-0487  
 
  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, $100.00 cancellation fee.
    • 10 - 14 days prior to program start date, $250.00 cancellation fee.
    • Less than 10 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.
    Cancellation/Refunds: Requests for cancellation must be received in writing at the Chapter Office. Confirmed students should not assume that a cancellation has been granted until a confirmation has been received. Direct your e-mail requests to cochap@colo-ai.org. Event Cancellation: The Colorado Chapter reserves the right to cancel any event, course or seminar if the minimum enrollment level is not reached. 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/licensing or state continuing education that verify successful completion and attendance of 100% at the completion of the course or seminar. Please note: If Appraisal Institute records indicate attendance of less than 100%, the student’s certificate will reflect this, and state agencies may refuse to award credit. ADA Policy: If you have a disability and may require some accommodation at any event, please notify us in writing at least 2 weeks in advance and we will arrange for reasonable accommodations. PROGRAM MATERIALS: 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. Beginning 4 weeks before the offering start date, program material will be shipped directly to the student. IF YOUR COURSE MATERIALS WERE SENT DIRECTLY TO YOU, PLEASE MAKE SURE YOU BRING THEM WITH YOU TO CLASS EACH DAY.

    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    
    COURSE SCHEDULE:
    REGISTRATION AND MATERIALS DISTRIBUTION - OCTOBER 10 - 7:30 am - 8:00 am
    Continental breakfast is included.
    COURSE LECTURE - OCTOBER 10 - 8:00 am - 5:00 pm
    COURSE LECTURE - OCTOBER 11 - 8:00 am - 5:00 pm
    COURSE LECTURE - OCTOBER 12 - 8:00 am - 5:00 pm
    ***NO CLASS*** - OCTOBER 13
    COURSE LECTURE - OCTOBER 14 - 8:00 am - 5:00 pm
    EXAMINATION - OCTOBER 15 - 8:00 am - 11:00 am

    CERTIFICATES OF COMPLETION will be e-mailed from the Appraisal Institute upon receipt of course materials within five (5) BUSINESS days after the completion of the course.

    LOCATION:
    THE SUMMIT CONFERENCE & EVENT CENTER
    411 SABLE BLVD.
    AURORA, CO 80011

    LODGING OPTIONS:
    COUNTRY INN AND SUITES BY CARLSON, DENVER INTERNATIONAL AIRPORT
    4343 N. AIRPORT WAY
    DENVER, CO 80239
    1.800.830.5222
    SPECIAL RATE: $84.00 per night
    http://www.countryinns.com/thesummit

    FOR HOTEL TRANSPORTATION SERVICES, PLEASE VERIFY THAT THE HOTEL YOU ARE STAYING IN WILL PROVIDE SHUTTLE SERVICE TO AND FROM THE SUMMIT CONFERENCE & EVENT CENTER.