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    General Appraiser Income Approach/Part 2

    More Info Register
    March 19-22, 2025 Braintree, MA
    Date
    March 19-22, 2025
    Time
    8:00AM - 5:00PM (EST)
    Sponsor
    Massachusetts Rhode Island and Maine Chapter
    Location
    Hyatt Place Boston Braintee
    50 Forbes Road
    Braintree, MA 02184
    Instructor
    Edward V. Bowler, MAI, SRA
    Class Time
    27 hours
    Exam Time
    3 Hours
    Full Price
    $559.00
    AI Price
    $509.00
    Enroll by March 5 and save $50!
    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
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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

    Prerequisites
    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Early-Bird
    Today thru 03/05/2025
    $559.00 $509.00
    Standard
    03/06/2025 thru 03/20/2025
    $609.00 $559.00
    Have Exam Questions?
    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

    Course Location/Schedule:


    Hyatt Place, 50 Forbes Road, Braintree, MA


    Check-in: 8:00 am on March 19, 2025


    Classroom Hours: 8:30 am - 5:00 pm unless other stated by the instructor


    Course Attendance: One hundred percent (100%) attendance is required for all Appraisal Institute education programs. Credit and a course completion certificate can only be issued by attending 100% of the course. Please plan accordingly and be on time as late arrival or leaving early could jeopardize your receiving a certificate of attendance.


    Course Materials/Breaks: A downloaded copy of materials is included in tuition.


    Overnight Accommodations: We now have a discounted rate for students attending AI programs who wish to book overnight accommodations. Contact the Chapter office for details.