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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: October 14 - 17, 2013   Location: Houston, TX     Course     Category   General [Gen]   Attendance Hours   27.0   Exam Hours   3.0   Current Price   $ 525.00 AI $ 575.00 Full     Instructor     Larry T. Wright, MAI, SRA            Location     Name   Tri Tech Surveying Office   Address   10401 Westoffice Drive   City   Houston   State   TX   Zip   77042     Click Here to check state approvals          Sponsor / Contact     Chapter   Houston Website   www.aihouston.com   Contact Name   Lori Wilkins   Email   lori@aihouston.com   Phone   (713) 668-1757       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, $75.00 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.   Transfer Policy Up To 15 days prior to program start date, $75.00 transfer fee. 7 - 14 days prior to program start date, $25.00 transfer fee. Less than 7 days prior to program start date, no transfer allowed.   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 course site is located at: TRI-TECH Surveying 10401 Westoffice Houston, Texas 77042 713-668-1757 Registration starts at 8:00 a.m. and class starts at 8:30 a.m. Parking: Enter thru the main gate and drive thru the front parking lot to the opening on the left side of the parking lot and park in the back lot. Enter the building thru the back door underneath the covered porch facing Westpark toll road. Note all other parking spots in the front parking lot are reserved parking for the building. Breaks: Coffee, water and snacks will be served throughout the day. Hotels: Candlewood Suites (closest to the course site) 4033 W Sam Houston Pkwy S, Houston, TX 77042 (713) 780-7881 See link below La Quinta Inn & Suites Houston - Westchase 10850 Harwin Dr Houston, TX 77072 Extended Stay America Houston - Westchase 3200 W Sam Houston Pkwy S Houston, TX 77042 Red Roof Inn Houston - Westchase 2960 W Sam Houston Pkwy S Houston, TX 77042