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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       Income Approach for Residential Appraisers     Date: June 21, 2013   Location: Des Moines, IA     Seminar     Category   Residential [Res]   Level   Intermediate   Attendance Hours   7.0   Current Price   $ 175.00 AI $ 199.00 Full     Instructor     Richard C. DuBay, SRPA, SRA            Location     Name   Embassy Suites - On the River   Address   101 E. Locust Street   City   Des Moines   State   IA   Zip   50309   Phone   800-EMBASSY   Map   http://embassysuites.hilton.com/en/es/groups/personalized/D/DSMDNES-APP-20130620/index.jhtml     Click Here to check state approvals          Sponsor / Contact     Contact Name   National Programs   City   Chicago   State   IL   Zip   60606   Email   nationalprograms@appraisalinstitute.org   Phone   (312) 335-4207       Description     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.     Equipment     HP-12C calculator     Disclaimer     Cancellation Policy 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.       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. 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. Cancellations 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. Other Information 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 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     Class Schedule: 8:00-8:30 Registration/Check In 8:30-5:00 Lecture Hours Attendance Policy: 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. Location: Embassy Suites Des Moines Downtown 101 East Locust, Des Moines, IA 50309 800-EMBASSY to make reservation with “Appraisal Institute” Room Rate: $159 Parking: $8/day 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)