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Residential Sales Comparison and Income Approaches

CALL   Date: March 12 - 15, 2013   Location: Oakland, CA

  Course

Category   Residential [Res]
Attendance Hours   28.0
Exam Hours   2.0
Current Price   $ 595.00 AI *
$ 690.00 Full *
* includes late fee
Late Fee   $ 35.00 AI
$ 30.00 Full

  Instructor

Arlen C. Mills, MAI, SRA



  Location

Name   University of Phoenix -- Oakland Campus (City Center)
Address   1200 Clay Street (near 12th St.)
City   Oakland
State   CA
Zip   94612
Phone   (510) 457-3301

Click Here to check state approvals



  Sponsor / Contact

Chapter   Northern California
Website   www.norcal-ai.org
Contact Name   Lisa Estes / Pat Moore
Email   lisa@norcal-ai.org / pat@norcal-ai.org
Phone   (925) 932-7753

  Description

Through two in-depth case studies, this introductory course provides you with the techniques necessary for completing the sales comparison and income capitalization approaches of the valuation process. You will develop and apply qualitative and quantitative analysis techniques as well as organize and reconcile data.

Downloads
Table of Contents and Overview [PDF]
Course Schedule [PDF]

  Audience

Beginning appraisers seeking residential licensing and/or certification and residential appraisers who would like to review the skills needed to complete the sales comparison and income capitalization approaches of the valuation process

  Equipment

HP12C calculator
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 Review—Using 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

Successful completion of Basic Appraisal Principles, Basic Appraisal Procedures, and National Uniform Standards of Professional Appraisal Practice (USPAP) Course, 15-Hour, or equivalent courses is required.

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 Dictionary of Real Estate Appraisal, 5th ed.
•   The Appraisal of Real Estate, 13th ed.
•   Appraising Residential Properties, 4th ed.

  Disclaimer

Cancellation Policy
Up To 14 days prior to program start date, $50.00 cancellation fee.
7 - 13 days prior to program start date, $75.00 cancellation fee.
Less than 7 days prior to program start date, forfeit of payment.

Cancellation Policy
Written cancellations can be faxed to the Chapter Office at 925-932-7754 or emailed to pat@norcal-ai.org. We reserve the right to substitute instructors, change facilities or to cancel this program if sufficient registrations are not received by March 1. In the event of cancellation, tuition fees will be refunded. All other costs incurred are the registrant’s responsibility.

Special Accommodations
Special accommodations are available for individuals who have been professionally diagnosed as physically or learning disabled and can provide appropriate documentation in writing prior to the offering. Without advanced notification, accommodation may not be available.

Notice
Neither the Appraisal Institute nor the facility in which this event is being held is liable for lost or damaged items. This includes but is not limited to calculators, laptops, etc.

By registering for this offering I understand that I am responsible for bringing the pre-shipped course materials specific for this offering to class daily. Without these items I acknowledge that education credit for my attendance is compromised.

Program materials will be picked up at the site.

  Additional Information

Course Location
University of Phoenix
Downtown Oakland Campus at City Center
1200 Clay Street (near 12th Street)
3rd Floor
Oakland, CA
510/457-3301

Course Materials and Hours
Students registered two weeks prior to the start of this offering will be sent their course materials in advance. [Express shipping may be available for late registrants for an additional fee of $15.]

On-site check-in on Tuesday, March 12 will begin at 8:15a.m. followed by instruction from 8:30a.m. – 5:00p.m. Instruction will run from 8:30am – 5:00pm March 13-14. On Friday, March 15 instruction will run from 8:30a.m. - 3:00p.m. immediately followed by the two-hour examination.

Required Equipment
An HP-12C calculator is required. Attendees must be familiar with calculator operation when the course begins. Answers to problems in the course material are shown using the HP12C. Students should not come to class expecting to be taught how to use a financial calculator. Need a refresher on the calculator? Take our FREE online reviews. Students must bring a No. 2 pencil for the examination. Laptops are not required.

Optional Texts (Texts are not included in tuition fee)
While these texts are not required for this offering - they are great additions to every appraisal library!

Appraising Residential Properties, 4th edition
AI Price - $39.00
Standard - $48.50
Add $5 for advanced shipment of text

The Appraisal of Real Estate, 13th edition
AI Price - $81
Standard - $103
Add $6 for advanced shipment of text

The Dictionary of RE Appraisal, 5th edition
AI Price - $81
Nonmembers - $103
Add $5.25 for advanced shipment of text

Text prices include CA sales tax. All texts are sent via U.S. Mail or UPS. To order texts, please contact the Chapter Office at 925/932-7753 pr pat@norcal-ai.org by March 4th.

Education Credit Hours
Full (100%) attendance is required for education credit; partial credit not available.

Appraisal Institute: Full attendance and successful completion of the course exam enables Designated Members and Candidates for Designation to receive 30-hours of continuing education credit; 28-hours of continuing education for full (100%) attendance only (no exam). Partial credit is not available. Note: Candidates for Designation taking this course to meet designation / QE requirements must have full attendance and successfully complete the course exam.

OREA Basic/Qualifying: Residential Sales Comparison and Income Approaches is approved or 30-hours of qualifying education (QE) credit for those seeking initial licensure /certification will full attendance and successful completion of the course exam.

OREA Continuing: Residential Sales Comparison and Income Approaches is is also approved for 28-hours of OREA CEC (#05754101) for state licensed / certified appraisers who have full (100%) attendance. Successful completion of the course exam is not required for OREA CEC.

Accommodations
The following hotels are within walking distance (.25 mile) of the University of Phoenix - Oakland Campus (at City Center):

Courtyard by Marriott - 510/625-8282
988 Broadway, Oakland – www.marriott.com

Oakland Marriott City Center - 510/451-4000
1001 Broadway, Oakland – www.marriott.com

Room blocks have not been secured at either of the inns listed above. Be sure to ask for the best available rate when making reservations. For additional lodging options in the Oakland area visit www.oakland.com or www.oaklandcvb.com.

Directions, Parking & BART
For directions visit www.mapquest.com (for best results enter complete street address).

The UoP Oakland Campus is just a quick walk from Downtown Oakland’s City Center BART station (12th Street Station).

Parking is available at the City Center West Garage (12th Street between MLK, Jr. Way and Jefferson Street) – enter at Jefferson Street or Martin Luther King, Jr. Way at 12th Street. CCWG early-bird rate is $12 (in before 9:30am – no “in & out”.)

Additional parking may be available at:
- Clay Street Garage - Clay at 14th Street
- City Center Garage – Clay at 14th Street
- Oakland Convention Center – Clay at 11th
Note: Many lots accept "cash only"; published rates subject to change.
Exam Results & Express Grading
Exam results are sent directly to you via email from our National Office in Chicago. Attendees should allow 15 working days for receipt of these results. Watch for an email from "exams@appraisalinstitute.org". The Chapter Office does not receive copies of your results. Those in need of Express Grading should complete the Express Grading Request Form (link provided below) with appropriate payment to the National Office prior to the conclusion of this offering.
Dress in Layers
Meeting room temperatures are often difficult to control. Therefore, for your comfort, we recommend that you dress in layers.

•  View Complete Registration Brochure

•  Map of Downtown Oakland - City Center Area

•  FREE Reviews for Using Your HP12C

•  Request for Express Verification