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    General Appraiser Income Approach/Part 2

    More Info Register
    October 21-24, 2025 Chicago, IL
    Date
    October 21-24, 2025
    Time
    8:30AM - 4:30PM (CST)
    Sponsor
    Chicago Chapter
    Location
    DePaul University - Loop Campus
    1 E. Jackson
    Room 8206
    Chicago, IL 60614
    Instructor
    John H. Urubek, MAI, AI-GRS
    Class Time
    27 hours
    Exam Time
    3 Hours
    Full Price
    $550.00
    AI Price
    $525.00
    Enroll by October 1 and save $25!
    View Pricing Options
    Classroom
    Topics:
    Valuation Approaches
    Upgrade your career
    Commercial
    General Appraiser Income Approach/Part 2
    Event Information

    This class is at DePaul University's Loop Campus at 1 E Jackson. Before 8:30 a.m., you need to enter through 333 S. State. Take the first left, and then find the elevators on the right. Take the elevator to the 8th floor.


    Food will not be provided in this class.  However, there are many options in the building for coffee and snacks.


    The Chicago Chapter will not provide printed materials for this class.  You are required to order the printed materials ahead of time.  You are required to bring a laptop and your calculator to class.


    The class is 8:30 am - 4:30 pm Mon-Thursday.  


    Need assistance paying for your classes with the Appraisal Institute?  Before you register, consider applying for a scholarship thru the Chicago Chapter of AI or the AI Education and Relief Foundation.
    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.

     

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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
    • 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 10/01/2025     		$550.00 $525.00
    Standard
    10/01/2025 thru 10/21/2025     		$575.00 $550.00
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    Philadelphia Metropolitan Chapter April 28 - May 1, 2025 Willow Grove, PA Classroom View Details Register
    Metropolitan New York Chapter October 6-15, 2025 New York, NY Classroom View Details Register
    Event Information

    This class is at DePaul University's Loop Campus at 1 E Jackson. Before 8:30 a.m., you need to enter through 333 S. State. Take the first left, and then find the elevators on the right. Take the elevator to the 8th floor.


    Food will not be provided in this class.  However, there are many options in the building for coffee and snacks.


    The Chicago Chapter will not provide printed materials for this class.  You are required to order the printed materials ahead of time.  You are required to bring a laptop and your calculator to class.


    The class is 8:30 am - 4:30 pm Mon-Thursday.  


    Need assistance paying for your classes with the Appraisal Institute?  Before you register, consider applying for a scholarship thru the Chicago Chapter of AI or the AI Education and Relief Foundation.