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Income Approach for Residential Appraisers
November 8, 2013
(160.00 plus 5.00 NCAB fee)
(185.00 plus 5.00 NCAB fee)
Joyce B. Pusey, SRA
80 Carolina Vista Dr.
to check state approvals
Sponsor / Contact
Nancy S. Linton-Hall
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 14 days prior to program start date, $50.00 cancellation fee.
7 - 13 days prior to program start date, $85.00 cancellation fee.
Less than 7 days prior to program start date, forfeit of payment.
All cancellations must be submitted writing via e-mail at email@example.com or by fax at 336-297-9055. Confirmed participants should not assume that cancellation has been granted until confirmation has been received. No refunds 7 days or less prior to event.
The North Carolina Chapter Appraisal Institute is not responsible for students' non-refundable airline reservations or other travel costs.
The Chapter reserves the right to cancel, limit, or reschedule the program and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any nonrefundable airline reservations.
If you have a disability and require accommodations, please notify the NC Chapter office, 336-297-9511, at least two weeks in advance and we will arrange for reasonable accommodations.
Program materials can be downloaded by the student or can be picked up at the site.
Materials will be sent directly to your mailing address via UPS within four (4) weeks of the event, unless you choose the "download materials" option for a $15 savings
or unless it is 10 business days or less until the event.
Please do not forget to bring them with you to class!!
: 8 a.m. -- 8:30 a.m.
: 8:30 a.m. -- 4:30 p.m.
: 12 noon -- 1 p.m. (included)
CE Credit Approvals
: 7 Hours
NC Appraisal Board
: 7 Hours
NC Real Estate Commission
: 4 Hours
: If CE Credit is needed, the cost is $10. When registering online, use promo code: NCREC
The Carolina on Pinehurst Resort
, 80 Carolina Vista Dr, Pinehurst, NC 28374; T 800-487-4653; 910-235-8507;
NC Appraisal Institute group rate is $139 per night plus 10% resort fee plus tax for single occupancy; $69.50 per person plus 10% resort fee plus tax for double occupancy or more.
: October 18, 2013 at 5:00 p.m.