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General Appraiser Income Approach/Part 1

CALL   Date: March 13 - 16, 2013   Location: Dallas, TX
 
  Course    
Category  General [Gen]  
Attendance Hours  27.0  
Exam Hours  3.0  
Current Price  $ 525.00 AI *
$ 575.00 Full *
* includes late fee
Late Fee  $ 25.00
 
  Instructor    
Edwin W. Litolff, Jr, MAI  
    
 
  Location    
Name  Graystone Centre  
Address  3010 LBJ Freeway  
   Suite 1200  
City  Dallas  
State  TX  
Zip  75234  
 
Click Here to check state approvals
    
 
  Sponsor / Contact    
Chapter  North Texas
Website  www.ainorthtexas.org  
Contact Name  Ruth Kelton  
Email  ainorthtexas@sbcglobal.net  
Phone  (972) 233-2244  
 
  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.

National Registry of CPE SponsorsThe 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, $100.00 cancellation fee.
    • Less than 2 days prior to program start date, forfeit of payment.
           

    CANCELLATION POLICY:
    Requests for cancellation must be received in writing at the Chapter Office. The Chapter reserves the right to cancel, limit, or reschedule the course and to change faculty assignments and facility location at any time; therefore, prospective students should confirm their registration prior to making any non-refundable airline reservations. The Appraisal Institute, North Texas Chapter is not responsible for students’ non-refundable airline reservations or other travel costs.

    There are NO transfers; you must cancel out of the course.

    COURSE MATERIAL POLICY:
    Course material will be shipped directly to the student within four (4) weeks of registration. 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.

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

    ATTENDANCE POLICY:
    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. Attendance at course orientation is mandatory. One hundred percent (100%) attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualifications Board minimum criteria requirements.

    ADA COMPLIANCE:
    If you are disabled and/or have special needs, a prompt reply is required to allow sufficient time to arrange for reasonable accommodations. If notification is not requested in advance, we cannot guarantee the availability of accommodation on site. For additional information, please call the Chapter office at 972-233-2244.



    Program materials can be downloaded by the student or can be picked up at the site.
     
      Additional Information    
    IF THE COURSE MATERIAL WAS SHIPPED TO YOU, PLEASE BE REMINDED TO BRING IT WITH YOU TO CLASS. STUDENTS WHO REGISTERED AFTER THE DEADLINE DATE WILL PICK UP COURSE MATERIAL AT REGISTRATION.

    COURSE LOCATION:
    Graystone Centre
    3010 LBJ Freeway, Suite 1200
    Dallas, TX 75234
    Graystone Centre is located off of Bankway St. behind LA Fitness (on Forest Lane between Webb Chapel Road and Josey Lane). Free parking in garage adjacent to building. Receptionist on 12th floor will direct you to the classroom.

    COURSE SCHEDULE:
    Registration – March 13 (8:00 to 8:30 am)
    Lecture – March 13, 14 & 15 (8:30 am to 5:00 pm)
    Lecture – March 16 (8:30 am to 2:00 pm)
    Exam – March 16 (2:00 to 5:00 pm)

    All day beverage service. Lunch will not be provided.

    CONTINUING EDUCATION CREDITS:
    Appraisal Institute – 27 hours; 3 exam hours
    Texas Qualifying Education (QE) - 30 hours
    Texas Continuing Education (ACE) – 27 hours

    TUITION INCLUDES:
    Course materials. Tuition does not include textbooks or equipment.

    REQUIRED EQUIPMENT:
    HP12C calculator

    STUDENT ROSTERS:
    Students that do not wish to have their name, address, phone number and email address published to other students in the class must notify the Chapter five (5) days prior to the beginning of the course.

    ACCOMMODATIONS:
    Courtyard Marriott – 2930 Forest Lane, Dallas, Texas, 75234. Click here for the Courtyard Marriott website. Guest rooms can be reserved under the "Meridian Business Centers" special rate of $74.00 per night. Reservations – 972-620-8000. The hotel is located on Forest Lane between Webb Chapel Road and Josey Lane, and is 17.8 miles east of Dallas/Fort Worth (DFW) International Airport and 10.7 miles north of Dallas Love Field Airport. Hotel amenities include coffee in the lobby, The Courtyard Cafe (open for breakfast), safe deposit boxes at front desk, complimentary on-site parking, fitness center, outdoor pool, smoke-free policy and local restaurant delivery. Guest room amenities include desk with ergonomic chair, complimentary Internet access, complimentary USA Today and Wall Street Journal, pullout sofa bed, hair dryer, two-line phone with voice mail, and cable television. Numerous restaurants are within walking distance of the hotel.

    TRANSPORTATION:
    Transportation via Supershuttle to and from Dallas Love Field Airport-$25 each way. (Note–SuperShuttle fares are subject to change, so verify pricing at www.supershuttle.com.)