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General Appraiser Income Approach/Part 2
July 10 - 13, 2013
Douglas A. Potts, Sr., MAI
Country Inn & Suites
1350 NW 118th Street
to check state approvals
Sponsor / Contact
After a diagnostic quiz on the six financial functions of one and a brief review,
General Appraiser Income Approach/Part 2
opens with a thorough treatment of discounted cash flow (DCF) analysis. Topics include identifying components of a DCF, projecting cash flows, analyzing leases, solving for value in a variety of common situations, and supporting the discount rate. The effects of debt financing including cash equivalence and equity analysis are covered in detail. Income patterns and property models including residual and other applications are followed by selecting and supporting the discount rate. Also presented are the strengths and weaknesses of direct and yield capitalization. The final section reviews and summarizes the mathematical concepts involved with income capitalization and prepares the participant for not only the course exam but also the certification 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:
Delivery Method: Group-Live
Table of Contents and Overview
Those seeking general Appraiser Certification, underwriters, lenders, and assessors.
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.
Using a Financial Calculator; Symbols and Formulas, Capitalization Selection Tree, and Sample Problems;
Financial Calculator Practice Exercises
For additional help with the HP12C calculator, take our online seminar,
Using Your HP12C Financial Calculator.
Laptops NOT REQUIRED
Basic Appraisal Principles
Basic Appraisal Procedures
General Appraiser Income Approach/Part 1
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.
Mathematics for Real Estate Appraisers
Rates and Ratios Used in the Income Capitalization Approach
Capitalization Theory and Techniques Study Guide, 3rd ed.
Up To 14 days prior to program start date, $25.00 cancellation fee.
2 - 13 days prior to program start date, $75.00 cancellation fee.
Less than 2 days prior to program start date, forfeit of payment.
Up To 14 days prior to program start date, $25.00 transfer fee.
2 - 13 days prior to program start date, no transfer fee.
Less than 2 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.
All cancellations must be submitted in writing or email message. Confirmed students should not assume that cancellation has been granted until a confirmation has been received.
ADA POLICY: If you have a disability and require accommodations and seating, please notify the office of the Iowa Chapter at least two weeks in advance and staff will make arrangements for reasonable accommodations and seating.
We reserve the right to cancel, limit, or reschedule the course and to change faculty assignments and facilty locations at any time.
Prospective students should confirm their registration before making any non-refundable airline reserations.
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.
Country Inn & Suites, 1350 NW 118th Street, Clive,IA 50325 (Phone No.515-223-9254)
Wednesday July 10-13, 2013 8:00 A.M. to 8:30 A.M..
8:30 A.M. to 12:00 P.M. (Lunch) 1.00 P.M. to 5:00 P.M.
The Appraisal Institute enforces attendance requirements mandated by State licensing and certification regulatory agencies.
Continue Education Credit:
Thirty (30) hours of continuing education credits have been approved for license and appraisal certification renewal in Iowa and Illinois, Thirty (30) hours of continuing education credits have been approved for Realtors by the Iowa Real Estate Commission, thirty (30) hours of contining education credits have been approved by the Appraisal Institute and twenty one (21) tested hours of continuing education credits have been approved by the Iowa Department of Revenue for assessors.
All - Appraisers, Assessors and REALTORS