- Date
- November 18-21, 2024
- Time
- 8:00AM - 5:00PM (EST)
- Sponsor
- North Carolina Chapter
- Location
- Oak Branch Conference Center
23 Oak Branch Drive
Greensboro, NC 27407
- Instructor
- Larry T. Wright, MAI, SRA, AI-GRS
- Class Time
- 27 hours
- Exam Time
- 3 Hours
- Full Price
- $625.00
- AI Price
- $595.00
Course Description
Who Should Enroll
- Those seeking general real property appraiser certification
- Underwriters
- Lenders
- Assessors
AI CE Points
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 |
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 | 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 |
IA | CE | 27 | 27 | Classroom | Classroom | 06/13/2024 | 04/11/2027 | A518-2229 | |
IA | CE | 30 | 27 | 3 | Classroom | Classroom | 06/13/2024 | 04/11/2027 | A518-2230 |
IA | QE | 30 | 27 | 3 | Classroom | Classroom | 06/13/2024 | 04/11/2027 | A518-2231 |
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 | 27 | 27 | Classroom | Classroom | 07/01/2024 | 05/30/2025 | ||
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 | 04/11/2027 | REA-CEC-REC- 15520, REA-CEC-REC-17971 | |
MT | QE | 30 | 27 | 3 | Classroom | Classroom | 07/15/2022 | 04/11/2027 | REA-CEC-REC- 15520, 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 | |
NY | CE | 27 | 27 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | A2971-27 | |
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 | CE | 30 | 27 | 3 | Classroom | Classroom | 09/01/2024 | 08/31/2026 | AC . 768 |
SC | QE | 30 | 27 | 3 | Classroom | Classroom | 09/01/2024 | 08/31/2026 | QE13768, 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 | |
TX | QE | 30 | 27 | 3 | Classroom | Classroom | 04/24/2024 | 04/11/2027 | TX Provider #: 8038 Course #:49510 |
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:
- A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
- You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.
- For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.
- HP-12C calculator User’s Manual.
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
Prerequisites
Course Materials & Recommended Books
Pricing Options
Rate | Full Price | AI Price |
---|---|---|
Late
After 10/23/2024 |
$625.00 | $595.00 |
Additional Course Offerings
Sponsor | Date | Location | Format | ||
---|---|---|---|---|---|
Appraisal Institute | On Demand | Online | View Details | Register | |
Bluegrass Chapter | April 14-17, 2025 | Louisville, KY | Classroom | View Details | Register |
Chicago Chapter | October 21-24, 2025 | Chicago, IL | Classroom | View Details | Register |
Event Information
After a diagnostic quiz on the six financial functions of one and a brief review, General Appraiser Income Approach/Part 2 opens 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 the participant for not only the course exam but also the certification exam.
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.
ADDITIONAL INFORMATION:
Qualifying Education Credit: NC Appraisal Board Approved for 27 Hours (Course Only); 30 Hours (Course & Exam)
*Students seeking credit for this course from a state other than North Carolina are responsible for confirming with that state’s licensing board that this course will be accepted. The North Carolina Chapter recommends students check before registering*
ADA Policy
If you have a disability and require accommodations, please notify the NC Chapter office at info@ncappraisalinstitute.org or 704-719-2644, at least two weeks in advance and we will arrange for reasonable accommodations.