Skip to Content (custom)

    General Appraiser Income Approach/Part 2

    More Info Register
    June 11-14, 2024 Indianapolis, IN
    Date
    June 11-14, 2024
    Sponsor
    Hoosier State Chapter
    Location
    Egis (F/K/A BLN)
    8320 Craig Street
    Indianapolis, IN 46250
    Instructor
    Stephen S. Wagner, MAI, SRA, AI-GRS
    Class Time
    27 hours
    Exam Time
    3 Hours
    No Longer Available
    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
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 19926
    AK QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 19926
    AL CE 27 27 Classroom Classroom 10/01/2022 09/30/2024 C02673
    AL QE 30 27 3 Classroom Classroom 10/01/2022 09/30/2024 C02673
    AR CE 27 27 Classroom Classroom 05/07/2024 04/16/2026 AI013
    AR QE 30 27 3 Classroom Classroom 05/07/2024 04/16/2026 AI013
    AZ CE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 46456
    AZ QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 46456
    CA CE 27 27 Classroom Classroom 01/29/2021 01/28/2025 09754130
    CA QE 30 27 3 Classroom Classroom 01/29/2021 01/28/2025 09754130
    CO CE 30 27 3 Classroom Classroom 04/23/2024 04/16/2027 2618
    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
    DC QE 30 27 3 Classroom Classroom 04/19/2023 02/28/2026 3004
    DE CE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 46456
    DE QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 46456
    FL CE 20 20 Classroom Classroom 03/31/2023 04/27/2025 0008627
    FL QE 30 27 3 Classroom Classroom 03/31/2023 03/30/2025 0008596
    GA CE 27 27 Classroom Classroom 04/23/2009 51430
    GA CE 30 27 3 Classroom Classroom 04/22/2009 58530
    GA QE 30 27 3 Classroom Classroom 04/22/2009 58530
    HI CE 30 28 2 Classroom Classroom 04/23/2024 12/31/2024 23-341
    HI CE 27 27 Classroom Classroom 04/23/2024 12/31/2024 23-341
    HI QE 30 27 3 Classroom Classroom 04/23/2024 12/31/2024 23-341
    ID CE 30 27 3 Classroom Classroom 04/23/2024 06/18/2025
    ID QE 30 27 3 Classroom Classroom 04/23/2024 06/18/2025
    IL CE 27 27 Classroom Classroom 01/01/2023 12/31/2024 575.001432
    IL QE 30 27 3 Classroom Classroom 01/01/2023 12/31/2024 573.000529
    IN CE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 46456
    IN QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 46456
    KS CE 27 27 Classroom Classroom 01/01/2024 12/31/2024 190.C24.R
    KS QE 30 27 3 Classroom Classroom 01/01/2024 12/31/2024 309.P24.R
    KY CE 30 27 3 Classroom Classroom 07/01/2023 06/30/2024
    KY CE 27 27 Classroom Classroom 07/01/2024 05/30/2025
    KY QE 30 27 3 Classroom Classroom 07/01/2023 06/30/2024
    KY QE 30 27 3 Classroom Classroom 07/01/2024 05/30/2025
    LA CE 27 27 Classroom Classroom 04/23/2024 04/11/2027 A0111
    LA QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 A0111
    MA CE 27 27 Classroom Classroom 04/25/2024 04/11/2027 10051186
    MA QE 30 27 3 Classroom Classroom 04/25/2024 04/11/2027 10051171
    MD CE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 46456
    MD QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 46456
    ME CE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 46456
    ME QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 46456
    MI CE 27 27 Classroom Classroom 04/23/2024 04/16/2027 20-1197134
    MI QE 30 27 3 Classroom Classroom 04/23/2024 04/16/2027 20-1197068
    MN CE 30 27 3 Classroom Classroom 06/01/2023 05/31/2025 1002466
    MN CE 27 27 Classroom Classroom 06/01/2023 05/31/2025 1002467
    MN QE 30 27 3 Classroom Classroom 06/01/2023 05/31/2025 1002465
    MO CE 27 27 Classroom Classroom 04/23/2024 04/11/2027
    MO QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027
    MS CE 27 27 Classroom Classroom 04/23/2024 04/26/2026 MAB #49216
    MS QE 30 27 3 Classroom Classroom 04/23/2024 04/26/2026 MAB #49216
    MT CE 27 27 Classroom Classroom 07/15/2022 06/18/2025 REA-CEC-REC- 15520
    MT CE 27 27 Classroom Classroom 04/23/2024 04/11/2027 REA-CEC-REC-17971
    MT QE 30 27 3 Classroom Classroom 07/15/2022 06/18/2025 REA-CEC-REC- 15520
    MT QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 REA-CEC-REC-17971
    NC QE 30 27 3 Classroom Classroom 01/01/2024 12/31/2024
    ND QE 30 27 3 Classroom Classroom 08/25/2014 QE-214007S
    NE QE 30 27 3 Classroom Classroom 01/22/2015 12/31/2026 1151402.02
    NJ CE 27 27 Classroom Classroom 04/23/2024 04/11/2027 2024-3016
    NJ QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 2024-3016
    NM CE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 4024
    NM QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 4024
    NV CE 27 27 Classroom Classroom 11/01/2023 10/31/2024 CE.0009597-A
    NV QE 30 27 3 Classroom Classroom 09/01/2023 08/31/2024 PL.0008227-A
    NY CE 27 27 Classroom Classroom 01/01/2024 12/31/2024 A2971-27
    NY QE 30 27 3 Classroom Classroom 10/01/2023 09/30/2024 Q0214-G7
    OH CE 27 27 Classroom Classroom 01/01/2024 12/31/2024 084403304A 22
    OH QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 46456
    OK CE 27 27 Classroom Classroom 04/23/2024 04/11/2027 719
    OK QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 661
    OR QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 APIN-Q-0424-9028
    PA CE 27 27 Classroom Classroom 05/30/2024 05/30/2027
    PA QE 30 27 3 Classroom Classroom 05/30/2024 05/30/2027
    PR CE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 46456
    PR QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 46456
    RI CE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 REA.0002188-CE
    RI QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 REA.0002188-CE
    SC QE 30 27 3 Classroom Classroom 09/01/2022 08/31/2024 AC . 768
    TN CE 27 27 Classroom Classroom 05/01/2023 04/30/2025 1284
    TN QE 30 27 3 Classroom Classroom 04/24/2023 04/30/2025 1284
    TX CE 27 27 Classroom Classroom 04/24/2024 03/31/2026 TX Provider #:10 Course #:48435
    UT CE 27 27 Classroom Classroom 12/01/2023 11/30/2025 AC231117
    UT QE 30 27 3 Classroom Classroom 12/01/2023 11/30/2025 AQ231129
    VA CE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 46456
    VT CE 27 27 Classroom Classroom 05/23/2024 05/23/2028 CA-245779
    VT QE 30 27 3 Classroom Classroom 05/23/2024 05/23/2028 CA-245780
    WA CE 27 27 Classroom Classroom 04/23/2024 04/11/2027 A24008910
    WA QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 A24008910
    WI CE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 46456
    WI QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027 46456
    WV CE 27 27 Classroom Classroom 04/23/2024 04/11/2027
    WV QE 30 27 3 Classroom Classroom 04/23/2024 04/11/2027
    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
    North Texas Chapter August 19-22, 2024 Dallas, TX Classroom View Details Register
    Massachusetts Rhode Island and Maine Chapter September 18-21, 2024 Woburn, MA Classroom View Details Register
    North Star Chapter September 23-26, 2024 Bloomington, MN Classroom View Details Register
    Event Information

    CLASS LOCATION: 8320 Craig Street, Indianapolis, IN 46250 (egis building)

    ATTENDANCE:
    Please note registration runs from 8:00AM to 8:30AM with instruction starting PROMPTLY at 8:30AM. Following Appraiser Qualifications Board minimum criteria requirements, 100% ATTENDANCE IS REQUIRED FOR ALL APPRAISAL INSTITUTE EDUCATION PROGRAMS. Students should not be late or leave early. Those missing class times may not receive credit.

    HOTELS:
    To take advantage of special rates that the Hoosier State Chapter of the Appraisal Institute has negotiated, please mention you are with the Appraisal Institute when booking any of the following accommodations.  Although the Drury Inn and Suites is not listed below, it is a great, nearby option.

    1) HILTON HOMEWOOD SUITES 2501 East 86th Street Indianapolis, IN 46240 1-800-225-5466 317-253-1919 Call Sales Department for negotiated price of $121 - includes a large 1 bedroom suites with a separate kitchen and living room, fully renovated in 2016. All stays include a complimentary full hot breakfast, evening social M-TH, high speed internet, a workout facility & transportation to the classroom. To register online, cut and paste the following into your web browser: http://homewoodsuites.hilton.com/en/hw/reservations/index.jhtml?hotel=INDKCHW&corporateCode=560004829

    2) HOLIDAY INN 251 E. Pennsylvania Parkway Indianapolis, IN 46280 317-574-4600

    3) HYATT PLACE 9104 Keystone Crossing Indianapolis, IN 46240 1-888-492-8847 317-843-0064

    4) MARRIOTT SPRINGHILL SUITES 11855 North Meridian Street Carmel, IN 46032 317-846-1800

    5) COMFORT INN & SUITES 9090 Wesleyan Road Indianapolis, IN 46268 1-800-414-6423 or 317-875-7676



    ATTENDANCE: Following Appraiser Qualifications Board minimum criteria requirements, 100% ATTENDANCE IS REQUIRED FOR ALL APPRAISAL INSTITUTE EDUCATION PROGRAMS. Students should not be late or leave early. Those missing class times may not receive credit.