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    General Appraiser Income Approach/Part 1

    More Info Register
    February 12-15, 2025 Braintree, MA
    Date
    February 12-15, 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 January 28 and save $50!
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    Classroom
    Topics:
    Valuation Approaches
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    General Appraiser Income Approach/Part 1
    Event Information

    Course Location/Schedule:


    Hyatt Place, 50 Forbes Road, Braintree, MA


    Check-in: 8:00 am on February 12, 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.
    Course Description
    After a brief review and introduction, General Appraiser Income Approach/Part 1 opens with a graphic treatment of the time value of money, the six financial functions of a dollar, and important associated concepts. A thorough, detailed analysis of gross income including leases and the various expenses appropriately deducted from gross income follows, with realistic case studies of several income property types. Direct capitalization is then presented using overall capitalization rates, band of investment, and residual techniques. Substantial class time is devoted to practicing the taught concepts to prepare participants for the exam.

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    Who Should Enroll
    • Those seeking general real property appraiser certification    
    • Underwriters    
    • Lenders    
    • Assessors    
    AI CE Points
    Attend:
    175
    pts
    Attend & Pass Exam:
    225
    pts
    Pass Only:
    200
    pts
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    Course Objectives
    • Expand competencies in performing income and expense analysis.    
    • Gain a foundation in direct capitalization techniques and applications.    
    • Extract and apply rates from the market.    
    • Identify fundamentals of risk and investment analysis.    
    • Expand competency in compound interest theory and calculations.    
    • Forecast revenues.    
    • Estimate expenses.    
    • Value partial interests.
    Course Details

    Program Overview:
    Table of Contents and Overview
    Course Schedule

    Assignments:
    No

    Equipment:

    Additional Information:
    Course Materials Include:

    • Course Handbook (488 pp.)
    • Solutions Booklet / Self-Study Problems (390 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 01/28/2025     		$559.00 $509.00
    Standard
    01/29/2025 thru 02/13/2025     		$609.00 $559.00
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    Event Information

    Course Location/Schedule:


    Hyatt Place, 50 Forbes Road, Braintree, MA


    Check-in: 8:00 am on February 12, 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.