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Income Approach for Residential Appraisers
June 21, 2013
Des Moines, IA
Richard C. DuBay, SRPA, SRA
Embassy Suites - On the River
101 E. Locust Street
to check state approvals
Sponsor / Contact
Do you want to expand into 2-to-4 income property appraisals? If so, you won’t want to miss this new seminar! Using the income approach, you’ll learn how to accurately derive a value from an income stream with confidence and become familiar with the usefulness of the lesser-used income approach in the realities of a post-recession residential market. For many it will serve as a review of techniques learned yet unused. For others it will function as an introduction to the income capitalization approach, specifically the premise of the approach, the difference between gross and net rent, the difference between capitalization rates and multipliers, and the application of income capitalization using a gross rent multiplier. If your assignments are currently limited to performing mortgage appraisals, attend this seminar to learn how the income approach relates to value and watch your opportunities grow.
Upon completion of the seminar, participants should be able to:
Recognize the premises of the sales, income and cost approaches and how they relate to the valuation process.
Classify examples of rent based on gross or net characteristics.
Demonstrate the ability to analyze relevant characteristics of a rental contract.
Describe the difference between a rate and a multiplier, and when their use is appropriate.
Solve a calculation by developing a rate and solve a calculation by developing a multiplier.
Construct a logical system for reporting the results of a simple income approach.
Assess the benefit of the multiplier and the rate in several situations.
Up To 15 days prior to program start date, refund in full.
7 - 14 days prior to program start date, $100.00 cancellation fee.
Less than 7 days prior to program start date, forfeit of payment.
Continuing Education Credit
This seminar is approved for seven (7) hours of Appraisal Institute continuing education credit. This seminar might not be approved in all states by the offering date. Please check with your state board for state approval information.
This confirmation will serve as your receipt. All cancellations must be submitted in writing. Confirmed students should not assume that cancellation has been granted until a confirmation has been received.
If you have a disability and require accommodation, please notify the national office at least two weeks in advance and we will arrange for reasonable accommodation. The Appraisal Institute reserves the rights to cancel, limit, or reschedule the seminar and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.
Program materials can be downloaded by the student or can be picked up at the site.
8:00-8:30 Registration/Check In
8:30-5:00 Lecture Hours
The Appraisal Institute issues attendance certificates for state certification/licensing or state continuing education credit that verify attendance of 100%. Please note, if Appraisal Institute attendance records indicate attendance of less than 100%, the student certificate will reflect this and state agencies may refuse to award credit.
Embassy Suites Des Moines Downtown
101 East Locust, Des Moines, IA 50309
800-EMBASSY to make reservation with “Appraisal Institute”
Room Rate: $159
Group rate is only available until May 21, 2013
Include: LCD HD televisions, high speed internet access, indoor pool and fitness center, refrigerators and microwaves
Embassy Suites Des Moines Downtown (Registration link)