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General Appraiser Income Approach/Part 1

CALL   Date: March 4 - 7, 2013   Location: Louisville, KY

  Course

Category   General [Gen]
Attendance Hours   27.0
Exam Hours   3.0
Current Price   $ 500.00 AI
$ 555.00 Full

  Instructor

William D. Otto Spence, MAI



  Location

Name   Fairfield Inn
Address   1220 Kentucky Mills Dr.
City   Louisville
State   KY
Zip   40299
Phone   (502) 240-6171

Click Here to check state approvals



  Sponsor / Contact

Chapter   Bluegrass
Website   www.bluegrasschapter-ai.org
Contact Name   Susan Katz
Email   executive.director@bluegrasschapter-ai.org
Phone   (502) 727-9181

  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, $25.00 cancellation fee.
7 - 14 days prior to program start date, $50.00 cancellation fee.
Less than 7 days prior to program start date, forfeit of payment.

Cancellations/Refunds: Requests for cancellations must be received in writing at the Chapter office. Confirmed students should not assume that cancellation has been granted until a confirmation has been received. Please be sure to read "Cancellation Policy".
The Bluegrass Chapter of the Appraisal Institute is not responsible for students' non-refundable airline reservations or other travel expenses. The Chapter reserve the right to cancel, limit, or reschedule the course and to change the faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.

Course Attendance: 100% attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements.

ADA Policy: If you have a disability and may require special accommodations, please notify the chapter office at least two weeks in advance and we will arrange for reasonable accommodations.

Program materials can be downloaded by the student or can be picked up at the site.

  Additional Information

Course Schedule: Sign-in 8:15 a.m. Class 8:30 a.m. - 5:00 p.m. Please review "Cancellation Policy". 100% Attendance is required for all Appraisal Institute education programs. Students should not be late or leave early. Those missing class times may not receive credit.
Hotels in area: Country Inn & Suites, 1241 Kentucky Mills Dr. Louisville, KY (502) 261-9434 (Bluegrass Chapter rate $69.99/night);

Jameson Inn, 1301 Kentucky Mills Dr., Louisville, KY 40299, (502) 267-8100;
Fairfield Inn, 1220 Kentucky Mills Dr, Louisville, KY (502) 240-6171 (Bluegrass Chapter rate $85/night)
Microtel, 1221 Kentucky Mills Dr, Louisville, KY (502) 266-6590
Holiday Inn Express, 1620 Alliant Ave., Louisville, KY (502) 240-0035;
Hilton Garden Inn, 1530 Alliant Ave, Louisville, KY (502) 297-8066;
Hampton Inn, 1451 Alliant Ave. Louisville, KY (502)809-9901;
LaQuinta Inn,1501 Alliant Avenue, Louisville, KY (502) 267-8889;
Candlewood Suites, 11762 Commonwealth, Louisville, KY (502) 261-0085;
Sleep Inn, 1850 Priority Way, Louisville, KY, (502) 266-6776