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    General Appraiser Income Approach/Part 2

    More Info Register
    September 23-26, 2024 Bloomington, MN
    Date
    September 23-26, 2024
    Sponsor
    North Star Chapter
    Location
    Comfort Inn
    1321 East 78th Street
    Bloomington, MN 55425
    Instructor
    Brett W. Hall, MAI, SRA
    Rick L. Carlile, MAI, SRA
    Class Time
    27 hours
    Exam Time
    3 Hours
    Full Price
    $525.00
    AI Price
    $475.00
    Enroll by September 23!
    View Pricing Options
    Course Description
    After a diagnostic quiz on the six financial functions of one and a brief review, the course begins with a thorough treatment of discounted cash flow (DCF) analysis. Topics include identifying components of a DCF, projecting cash flows, analyzing leases, solving for value in a variety of common situations, and supporting the discount rate. The effects of debt financing, including cash equivalence and equity analysis, are covered in detail. Income patterns and property models, including residual and other applications, are followed by material on how to select and support the discount rate. Also presented are the strengths and weaknesses of direct and yield capitalization. The final section reviews and summarizes the mathematical concepts involved with income capitalization and prepares you for not only the course exam but also the certification exam.

     

    Who Should Enroll
    • Those seeking general real property appraiser certification
    • Underwriters
    • Lenders
    • Assessors
    AI CE Points
    Attend:
    175
    Attend & Pass Exam:
    225
    Pass Only:
    200
    State Approvals
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    AL CE 27 27 Classroom Classroom 10/01/2022 09/30/2024 C02673
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    CO QE 30 27 3 Classroom Classroom 04/23/2024 04/16/2027 2618
    CT CE 18 18 Classroom Classroom 01/04/2024 11/15/2024 AAL.000850
    CT QE 30 27 3 Classroom Classroom 05/08/2024 04/11/2027 APR.000342
    DC CE 30 27 3 Classroom Classroom 04/19/2023 02/28/2026 6113
    DC CE 27 27 Classroom Classroom 02/29/2024 02/28/2026 6113
    DC QE 30 27 3 Classroom Classroom 02/29/2024 02/28/2026 3004
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    DE CE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 46456
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    MT QE 30 27 3 Classroom Classroom 07/15/2022 06/18/2025 REA-CEC-REC- 15520
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    RI QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 REA.0002188-CE
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    Course Objectives
    • Forecast incomes and expenses for a multiyear holding period.
    • Forecast reversions for a multiyear holding period.
    • Discount overall mortgage and equity cash flows to present value.
    • Use yield capitalization formulas to calculate present value.
    • Use data and sources to select and support risk-adjusted discount rates.
    • Solve problems in lease analysis, risk and investment analysis, leverage, and subdivision analysis.
    • Value partial interests.
    Course Details

    Program Overview:
    Table of Contents and Overview
    Course Schedule

    Assignments:
    No

    Equipment:

    Additional Information:
    Course Materials Include:

    • Course Handbook (489 pp.)
    • Solutions Booklet and Self-Study Problems (396 pp.)
    • Case Study Solutions (48 pp.)
    • Symbols & Formulas (18 pp.)

    You will be asked to clear the calculator’s memory before and after the examination. Only one calculator is permitted in the testing room. Examinees taking most AI exams may bring their own calculator to use during the exam. Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.

    Requirements:
    None specified

    Additional Course Offerings
    Sponsor Date Location Format
    Appraisal Institute On Demand Online View Details Register
    Hoosier State Chapter June 11-14, 2024 Indianapolis, IN Classroom View Details Register
    North Texas Chapter August 19-22, 2024 Dallas, TX Classroom View Details Register
    Event Information

    On-site walk-in registration will NOT be accepted.

    Registration is from 8:00 am to 8:30 am on the first day. Classes run from 8:30 am to 5:00 pm each day.  

    The student handbook is provided as an electronic download when you register. You can purchase a hard copy if you prefer at time of registration. Either way, you must bring your student handbook (electronic or hardcopy) with you to class. None will be available at the classroom site. 

    Hotel rooms are available from Comfort Inn MSP Airport - Mall Of America which is located next door to the class room. at https://www.choicehotels.com/minnesota/bloomington/comfort-inn-hotels/mn015

    The hotel has free shuttle service to and from the Minneapolis International airport.

    The meeting room is located between the Outback Steakhouse and the hotel.