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    Rates and Ratios: Making Sense of GIMs, OARs, and DCF

    Register
    On Demand
    Date
    On Demand
    Location
    Sponsor
    Appraisal Institute
    Instructor
    Kenneth M. Lusht, MAI, SRA
    Class Time
    7 hours
    Full Price
    $145.00
    AI Price
    $120.00
    Course Description
    This seminar will provide a conceptual framework for thinking about key relationships among models, ranging from gross income multipliers to discounted cash flow models. Little focus has been placed on how these models relate to each other. These relationships have important implications for how differences in these rates and multipliers are interpreted and, in turn, for selecting and using data from comparable sales. Using a case study that follows logical progression from GIMs to DCF models, you’ll analyze specific relationships (i.e., between going-in verses going-out capitalization rates and between before-and after-tax rates). You will gain a comprehensive overview of the broad range of relationships among key multipliers and rates.


    Who Should Enroll
    General real property appraisers
    AI CE Points
    Attend:
    75
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 7 7 Online Online 08/28/2023 06/22/2026 18421
    AL CE 7 7 Online Online 10/01/2022 09/30/2024 C02865
    AR CE 7 7 Online Online 07/18/2023 07/24/2025 AI097
    AZ CE 7 7 Online Online 08/05/2023 06/22/2026 46789
    CA CE 7 7 Online Online 09/11/2008 06/29/2024 08754C135
    CO CE 7 7 Online Online 09/21/2023 06/22/2026 2489
    CT CE 7 7 Online Online 08/05/2023 06/15/2026 AAL.001087
    DC CE 7 7 Online Online 03/01/2014 02/28/2024 3024
    DE CE 7 7 Online Online 08/05/2023 06/22/2026 46789
    FL CE 7 7 Online Online 07/17/2022 07/16/2024 0010216
    GA CE 7 7 Online Online 08/05/2023 06/22/2026 72817
    HI CE 7 7 Online Online 11/07/2023 12/31/2024 23-330
    IA CE 7 7 Online Online 08/05/2023 06/22/2026 A518-1125
    ID CE 7 7 Online Online 08/05/2023 06/22/2026
    IL CE 7 7 Online Online 01/01/2023 12/31/2024 575.001386
    IN CE 7 7 Online Online 08/05/2023 06/22/2026 46789
    KS CE 7 7 Online Online 01/01/2024 12/31/2024 222.C24.R
    KY CE 7 7 Online Online 07/01/2023 06/30/2024
    LA CE 7 7 Online Online 09/09/2019
    MA CE 7 7 Online Online 08/05/2023 06/22/2026 10051157
    MD CE 7 7 Online Online 08/05/2023 06/22/2026 46789
    ME CE 7 7 Online Online 08/05/2023 06/22/2026 46789
    MI CE 7 7 Online Online 03/30/2021 03/24/2024 3230
    MI CE 7 7 Online Online 03/25/2024 12/15/2026 20-952465
    MN CE 7 7 Online Online 08/01/2022 07/31/2024
    MO CE 7 7 Online Online 08/05/2020 08/04/2026
    MS CE 7 7 Online Online 03/31/2023 02/23/2025 MAB #49170
    MT CE 7 7 Online Online 08/05/2023 06/22/2026 REA-CEC-REC-16817
    NC CE 7 7 Online Online 01/01/2024 12/31/2024 1670
    ND CE 7 7 Online Online 10/16/2008 CE-2839
    NE CE 7 7 Online Online 10/06/2023 11/21/2028 2132440.02
    NH CE 7 7 Online Online 09/06/2023 06/22/2026
    NJ CE 7 7 Online Online 08/04/2023 06/22/2026 2023-3431
    NM CE 7 7 Online Online 09/25/2023 06/22/2026 4330
    NV CE 7 7 Online Online 01/01/2023 10/31/2024 CE.0009740-A
    OH CE 7 7 Online Online 01/01/2024 12/31/2024 923402807A 23
    OK CE 7 7 Online Online 08/05/2020 06/22/2026 981
    OR CE 7 7 Online Online 08/05/2023 08/05/2026 APIN-C-0121-8865
    PA CE 7 7 Online Online 08/29/2020 06/22/2026
    PR CE 7 7 Online Online 08/05/2023 06/22/2026 46789
    RI CE 7 7 Online Online 08/08/2023 06/22/2026 REA.0002054-CE
    SC CE 7 7 Online Online 09/01/2022 08/31/2024 DE 762
    SD CE 7 7 Online Online 05/30/2021 08/09/2026 SD 1598 CE
    TN CE 7 7 Online Online 09/01/2022 10/31/2024 1245
    TX CE 7 7 Online Online 08/23/2023 06/22/2025 TX Provider #:10 Course #:47374
    UT CE 7 7 Online Online 05/30/2023 05/30/2025 AC230530
    VA CE 7 7 Online Online 08/05/2023 06/22/2026 46789
    VT CE 7 7 Online Online 06/06/2019 03/16/2025
    WA CE 7 7 Online Online 08/05/2020 08/04/2026 A23025776
    WI CE 7 7 Online Online 08/05/2023 06/22/2026 46789
    WV CE 7 7 Online Online 08/05/2023 06/22/2026
    WY CE 7 7 Online Online 04/01/2014 04/22/2024
    WY CE 7 7 Online Online 04/22/2021 04/22/2024
    WY CE 7 7 Online Online 04/23/2024 06/22/2026
    Course Objectives
    • Produce reports that are more consistent and defensible.
    • Identify differences in the levels of the various rates and ratios.
    • Recognize how relationships between rates affect your selection and interpretation of data from comparable sales.
    Course Details

    Program Overview:
    Online Syllabus

    Assignments:

    Yes. Participants must complete mandatory assignments in this program. Please plan your time accordingly and allow up to 5 days for the instructor to review your assignments. The instructor may ask for a re-submission of incomplete assignments. You may advance through the program while you are waiting for your instructor to review your work. You may also contact the instructor to request expedited review.

    Equipment:

    Additional Information:

    Online Course Access
    Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.
    1. Click "Education and Events" on the right navigation menu.
    2. Find the course under the “Online Courses” heading and click the “Begin” button.
    IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue.

    Other Details
    For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions.

    Requirements:
    Online Education FAQ

    Prerequisites
    None
    Course Materials & Recommended Books
    None specified
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 12/31/2050
    $145.00 $120.00