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General Appraiser Income Approach/Part 1
June 3 - 6, 2013
St. Paul, MN
* includes late fee
Vincent M. Dowling, MAI, SRA
Continuing Education & Conference Center, University of MN
1890 Buford Ave.
to check state approvals
Sponsor / Contact
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:
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
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.
Up To 15 days prior to program start date, refund in full.
2 - 14 days prior to program start date, $100.00 cancellation fee.
Less than 2 days prior to program start date, forfeit of payment.
ENROLLMENT: Enrollment is on a first-come, first served basis. If the event is filled, a waiting list will be retained. The North Star Chapter reserves the rights to cancel, limit, or reschedule this event if the minimum enrollment level is not reached, and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration with the Chapter office before making any nonrefundable airline reservations.
ATTENDANCE: The North Star Chapter and the Appraisal Institute enforce the 100% attendance requirements mandated by the State of Minnesota, the AQB and other 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%. Students who are late or leave early will not receive credit.
PROGRAM MATERIAL POLICY: Beginning four weeks before the course start date, program materials will be shipped to the student. If you do not receive your materials within five business days of the start date, PLEASE NOTIFY the North Star Chapter office immediately. All students must bring their materials with them to class; there will be NO EXTRA’s available. Students who have a late confirmed registration will pick up their materials at the registration desk on the first day of class.
ADA POLICY: If you have a disability and may require some accommodation at any event, please notify us in writing at least 2 weeks in advance and we will arrange for reasonable accommodations.
CANCELLATION: PLEASE READ CAREFULLY.
The North Star Chapter charges a cancellation fee specific to each course/seminar.
If you cancel less than 48 hours before the start of the course or seminar you will receive NO REFUND. All cancellations must be submitted in writing to the Chapter Office in order to receive a refund. Confirmed students should not assume that cancellation has been granted until a confirmation has been received. Direct your e-mail requests to: firstname.lastname@example.org or fax: 651.633.5956.
Please remember, if you cancel there is an additional $25 material charge from the national office. You do not return course materials any longer.
Program materials can be downloaded by the student or can be picked up at the site.
June 3 - 8:00 am – 8:30 am - Registration; 8:30 am – 5:00 pm Lecture;
June 4-5 - 8:30 am - 5:00 pm Lecture;
June 6 - 8:30 am - 2:00 pm Lecture; 2:00 pm - 5:00 pm – 3-Hour Exam
The Fees include Instruction, Course Materials, Coffee Breaks and Lunch.
Credit: Appraisal Institute Continuing Education Credit/QE: full attendance at the Course and completion of the exam: 30 Hours.
State of Minnesota: 30 Hours of PreLicensing Credit (QE)with Exam, 30 Hours of Continuing Education with exam approved; 27 Hours of CE without exam approved. Assessor CEUs
All courses and seminars will be held at the Continuing Education and Conference Center, 1890 Buford Ave., St. Paul, MN 5510
Hotel Information: Contact any of the following hotels and indicate you are attending a University of Minnesota course to receive a discounted rate.
• Radisson Hotel – Roseville: 651.636.4567 or toll free: 800.333.3333 www.radison.com/rosevillemn (The Radisson has complimentary shuttle service available to the Continuing Education and Conference Center, if you request the shuttle service when you make your reservation.)
• Holiday Inn Express – 651.636.5800 - Shuttle service is available - please request when you make your reservation. 800-456-4000
• Ramada Plaza, 1330 Industrial Blvd., Mpls., MN 55413, 612-331-1900 – Shuttle service is available - please request when you make your reservation.
• Fairfield Inn – 651.636.7869 (or 1-800-228-2800 telling them you would like reservations at the Roseville, MN Fairfield Inn) http://marriott.com/property/propertypage/SACFR
• St. Paul-Days Inn Roseville – 651.636.5966
• Radisson Hotel Metrodome – 612.379.8888
Hotel Information can be found on the website at www.northstarai.org under the education link, pull down menu, “where can I stay”.
Please contact Maribelle: email@example.com 651.633-0676 if you have any questions or need assistance.
North Star Chapter office: 651.633.0676 FX: 651.633.5956