General Appraiser Income Approach (Part II)

September 8 - 11, 2009

About the Course
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, leverage, and equity analysis are covered in detail. Income patterns and property models including applications are followed by investment analysis topics and risk analysis. Specialized applications include subdivision analysis and prospective project analysis. The course concludes with a discussion of the strengths and weaknesses of direct and yield capitalization.

   

Members and non-members are welcome to join us at Emerald Downs the evening of September 10.

Students from the General Appraiser Income Approach - Part 2 course are invited to attend this activity at
no additional cost. Must register to reserve a spot.

Click here for more information and to register for this "Night at the Races"

Instructors
David C. Lennhoff, MAI, SRA
Marcos E. Campos, MAI, SRA

Location
Hawthorn Suites
6329 S. 212th Street
Kent, WA 98032

Schedule
9/8         7:30-8:00AM         Registration
9/8-11   8:00AM-5:00PM   Class

**Participants will need to make their own arrangements for lunch.

Education Credit
Full attendance and completion of the examination for this course qualifies for 30 hours (including 3-hour exam) of qualifying education credit from the Appraisal Institute and Washington State. This course is a required for meeting the new education requirements for the Certified General license that have gone into effect as of 1/1/08. You do not have to take this course if you already have your Certified General license. However, those already certified can attend the class only and receive 27 hours continuing education.

Prerequisites
Basic Appraisal Principles
Basic Appraisal Procedures
General Appraiser Income Approach/Part 1

Hotel Accomodations
A block of rooms is being held at the Hawthorn Suites in Kent, Washington. Shuttle service is provided to and from SeaTac Airport. To make reservations, call (253) 395-3800. Please mention the Appraisal Institute to get the preferred rate.

Calculators
An HP-12C calculator is required along with the user manual. You must be familiar with calculator operation when the course begins. For additional help with the HP-12C calculator, go to http://www.appraisalinstitute.org/education/fin_calc.aspx

Cancellation Policy
• Up to 15 days prior to program start date, $50 cancellation fee.
• 2-14 days prior to program start date, $75 cancellation fee.
• Less than 2 days prior to program start date, forfeit of payment unless a student replacement is provided.

Attendance Requirements
100% attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualifications Board minimum criteria requirements. A “classroom hour” is defined as 50 minutes out of each 60 minute segment. A 10-minute break per hour is allowed and a student would still meet the 100% attendance requirement. Students should not be late or leave early; if they are late or leave early, they will not receive credit.

Tuition
$560 Appraisal Institute Members
$660 Non-Members

NOTE: If you have a disability and require accommodation, please notify the Appraisal Institute’s headquarters in writing at least two weeks in advance and we will arrange for reasonable accommodations. We reserve the right to cancel, limit, or reschedule the course and change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.