Advanced Income Capitalization

The 35-hour Advanced Income Capitalization course implements a blended learning approach, which includes a pre-class, two-hour online session combined with 30 hours of traditional classroom education and wraps up with a three-hour exam on the fifth morning.

Please note Designated Members and Candidates for Designation will receive the discounted AI Price for Advanced Education courses: Advanced Income Capitalization, Advanced Market Analysis and Highest and Best Use, Advanced Concepts and Case Studies, and Quantitative Analysis. All others will pay full price. For more information on how to become a Candidate for Designation, click here.

Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; course equivalencies. Click here.

Course Description 

Advanced Income Capitalization builds on topics covered in the General Appraiser Income Approach/Part 1 and General Appraiser Income Approach/Part 2 courses. It introduces additional topics that a seasoned general appraiser can expect to meet in everyday practice. The course features a limited review of material covered in the previous income courses to maximize the time available for advanced topics. 

Delivery Method: Group-Live

Advanced topics are divided into six general areas:

  • Operating income issues, including complex lease structures, reimbursements, and tenant improvement allowances
  • Property valuation techniques, property taxes that are a function of market value, reversions, property model applications, and supporting the discount rate
  • Complex mortgage instruments and the effects of leverage
  • Equity valuation
  • Investor motivations, including measures and types of risk, measures of return, and income tax consequences
  • Case study applications of an office building, a subdivision, and a proposed development with prospective and subject to hypothetical values 

    Downloads
    • Table of Contents and Overview (PDF)
    • Course Schedule (PDF)

 Audience 

  • General appraisers with a solid background in the income capitalization approach
  • Accountants
  • MAI Designation course

Equipment 

Prerequisites 

RECENT successful completion:

Participants must sign a waiver at the beginning of the course stating that they have the prerequisites. If they do not, they will not hold the Appraisal Institute responsible and will not expect to receive special attention during the course.

 For Further Reading  

   Capitalization Theory and Techniques Study Guide, 3rd ed.  
   Rates and Ratios Used in the Income Capitalization Approach  
   The Dictionary of Real Estate Appraisal , 6th ed.  

 

 

   

Disclaimer  

Cancellation Policy 

  • Up To 14 days prior to program start date, $30.00 cancellation fee.
  • 7 - 13 days prior to program start date, $50.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.

Cancellations
All cancellations must be submitted writing via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. or by fax at 919-792-8885. Confirmed participants should not assume that cancellation has been granted until confirmation has been received. No refunds 7 days or less prior to event.

The North Carolina Chapter Appraisal Institute is not responsible for students' non-refundable airline reservations or other travel costs.

The Chapter reserves the right to cancel, limit, or reschedule the program and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any nonrefundable airline reservations.

ADA Policy
If you have a disability and require accommodations, please notify the NC Chapter office, 919-792-8885, at least two weeks in advance and we will arrange for reasonable accommodations. 

Program materials can be downloaded by the student.

Cancellations
All cancellations must be submitted writing via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. or by fax at 919-792-8885. Confirmed participants should not assume that cancellation has been granted until confirmation has been received. No refunds 7 days or less prior to event.

The North Carolina Chapter Appraisal Institute is not responsible for students' non-refundable airline reservations or other travel costs.

The Chapter reserves the right to cancel, limit, or reschedule the program and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any nonrefundable airline reservations.

ADA Policy
If you have a disability and require accommodations, please notify the NC Chapter office, 919-792-8885, at least two weeks in advance and we will arrange for reasonable accommodations. 

Program materials can be downloaded by the student.

Additional Information  

Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; course equivalencies. Follow this link: http://www.appraisalinstitute.org/assets/1/7/MAI_Designation_Education_FAQs_for_participants.pdf 

REQUIRED DIAGNOSTIC TEST: The diagnostic test must be passed before students can register for this advanced education course. We recommend that students take the test at least 21 days before the classroom session of the course begins. Follow this link to take the free test: http://www.appraisalinstitute.org/education/AETEST.aspx. Test results will be e-mailed to participants within 7 BUSINESS days from the day the test was submitted. 

OTHER IMPORTANT INFORMATION: Follow this link for important logistical course details (i.e. required equipment, laptop, software, etc.) http://www.appraisalinstitute.org/education/course_descrb/Default.aspx?prgrm_nbr=501GD&key_type=C 

COURSE SCHEDULE & DEADLINE DATES: The First day of the course begins with a separate 2-hour online session, which is required. The online session is available 28 days (8/14/17) before the classroom session begins. The online session ends 7 days (7/24/17) before the classroom session begins. 

July 24, 2017 
FIRST Day of Class - 2-hour online session begins 

July 31, 2017 
Last day to register for and submit the diagnostic test. 

August 6, 2017 
Last day to cancel with a $50 cancel fee. 

August 7, 2017 
Last day to receive a "pass" confirmation on diagnostic test. 

August 7-14, 2017
Last days to cancel registration with $150 cancel fee. 

August 14, 2017 
Last day to complete 2-hour online session. 

Course Materials
Materials are only available through DOWNLOAD ONLY.
Please remember to download your materials to a laptop or an electronic device or print them as there will NOT be extras on site. 
Please do not forget to bring your materials with you to class!!

Course Classroom Schedule
Registration: 8/21/17: 8 a.m. -- 8:30 a.m.
Class: 8/21-24/17 : 8:30 a.m. -- 5 p.m
Exam: 8/25/17: 8:30 a.m. -- 11:30 a.m.

Required Equipment 
Laptop with Spreadsheet Program: Excel 2007 or greater on it; others are OK, but not supports; 
External mouse highly recommended; 
Financial calculator 

Hours 
35 Hours (2 Hrs: Online; 30 Hrs: Classroom; 3 Hr Exam) 

CE Credit Approvals
Appraisal InstituteAttend Only: 275 Points; :Attend and Pass: 375 Points; Pass Exam Only: 100 Points 
NC Appraisal Board: 33 hours of CE

Attendance Policy
The Appraisal Institute and AQB require full attendance (100%) at the course. If the attendance roster reflects less than 100%, it could/will show up on the roster submission to the states.

Tuition Includes
Course materials and breaks

Course Location
Deep River Event Center, 606 Millwood School Road, Greensboro, NC 27409; T 336-542-3797

Fairfield Inn Airport: (Thorndike Rd): T 336-841-0140; The Appraisal Institute group rate is $99++ per night (King or Double). Rate includes complimentary hot breakfast; complimentary shuttle to airport and Deep River Event Center; Free In-room Wi-Fi and more
Holiday Inn Express & Suites: (Regional Rd): T 336-882-0004; The Appraisal Institute group rate is $99++ (Standard). Rate includes complimentary hot breakfast; complimentary shuttle to airport and Deep River Event Center; Free In-room Wi-Fi and more

Additional Lodging
Comfort Suites: (Thorndike Rd); T 336-882-6666; The North Carolina Appraisal Institute Group rate has been $79++ per night; Includes free Wi-Fi; full hot breakfast; manager's reception; free airport shuttle; has valet and laundry available. 
Courtyard by Marriott, GSO Airport Location: T 336-668-1090
Wingate by Wyndham: (formerly Ashford Suites): T 336-812-8787; Appraisal Institute rate was $79++ per night in 2015 and included a hot breakfast bar; Managers Reception – 2 days a week (Tuesday & Wednesday) 

Event Properties

Event Date 08-21-2017 8:00 am
Event End Date 08-25-2017 5:00 pm
Capacity 65
Cut off date 08-14-2017
Individual Price AI Price
Location
Deep River Event Center
606 Millwood School Rd.
Deep River Event Center
We are no longer accepting registration for this event

Group Rate

#Registrants Rate/Person($)
1 1,100.00
$800.00 65
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