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Welcome. If you are a returning student or previously created an AI website account, please log in. Back to Schedule  |  Select an Offering  |  Forgot Password?  |  Create Login       General Appraiser Income Approach/Part 1     Date: September 10 - 13, 2013   Location: Kent, WA     Course     Category   General [Gen]   Attendance Hours   27.0   Exam Hours   3.0   Current Price   $ 550.00 AI $ 650.00 Full     Instructor     Gary S. DeWeese, MAI            Location     Name   Hawthorn Suites   Address   6329 S 212th Street   City   Kent   State   WA   Zip   98032   Phone   (253) 395-3800     Click Here to check state approvals          Sponsor / Contact     Chapter   Seattle Website   ai-seattle.org   Contact Name   Darcy Galvan   Email   aisea@qwestoffice.net   Phone   (206) 622-8425       Description     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: 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 ReviewUsing 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 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.       Disclaimer     Cancellation Policy Up To 15 days prior to program start date, $50.00 cancellation fee. 2 - 14 days prior to program start date, $75.00 cancellation fee. Less than 2 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. 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.     Additional Information     The Schedule 9/10 Registration 7:30-8:00AM 9/10-13 Class: 8:00-5:00PM IF COURSE MATERIALS HAVE BEEN SHIPPED TO YOU, MAKE SURE TO BRING THEM TO CLASS! ADDITIONAL MATERIALS WILL NOT BE AVAILABLE AT THE COURSE SITE. Continuing Education Full attendance and completion of the examination of this course qualifies members for 30 hours of credit from the Appraisal Institute. Attendance only qualifies for 27 hours. Washington State has approved this course for 30 credit hours. Attendance Requirements 100% attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualifications Board minimum criteria requirements. A “classroom hour” is defined as 50 minutes out of each 60 minute segment. A 10-minute break per hour is allowed and a student would meet the 100% attendance requirement. Students should not be late or leave early; if they are late or leave early, they will not receive credit. Hotel Accommodations To make reservations at the Hawthorn Suites in Kent, call (253)395-3800. Please mention the Appraisal Institute to receive the preferred rate. Shuttle service is provided to and from SeaTac Airport. NOTE: If you have a disability and require accommodation, please notify the Seattle Chapter of the Appraisal Institute in writing at least two weeks in advance and we will arrange for reasonable accommodations. We reserve the right to cancel, limit, or reschedule the course and change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.