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Income Approach for Residential Appraisers
CALL
Date:
June 28, 2013
Location:
New York, NY
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
Real Estate Board of New York
Address
570 Lexington Ave.
City
New York
State
NY
Zip
10022
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:
Real Estate Board of New York
570 Lexington Ave.
New York, NY 10022
(212) 616-5207
Hotel: Please feel free to utilize the Club Quarters (it is an AI member benefit),as no room block is assigned for this meeting.
Club Quarters, opposite Rockefeller Center
25 West 51st Street (Off 5th Ave)
New York, NY 10019
Phone: (212) 262-3200
Rate: $264+, Standard Room
Amenities: Complimentary WiFi, unlimited chilled purified bottled water, universal charging stations, complimentary use of workstations and printing facilities , exercise equipment can be delivered to guestrooms, and access to the Terrace Club.
CQ Parking Parking is available at a discounted rate at the Icon Garage (212.586.0169) located at the 1330 Avenue of the Americas, with entrances on both 53rd or 54th Streets between 5th and 6th Avenues. The rate is $35, inclusive of tax, with no in and/out privileges. Major credit cards are accepted. All tickets must be validated at the Member Service Desk.
All members of Appraisal Institute can use Club Quarters for business and pleasure and reserve rooms online at www.clubquarters.com with the password:
APPRAISAL(not case sensitive).
They can also call Member Services at 203-905-2100 or email memberservices@clubquarters.com. Please note, weekend/holiday rates are offered upon request only and based on availability (not available online).
