Appraisal Schools by M. Curtis West. Inc.

Advanced Income Capitalization Procedures (G-2) 30 hrs. - Plus Exam

This course reviews and then expands on the concepts introduced in Course G-1. The direct capitalization techniques introduced in G-1 are expanded to include various band of investment and residual techniques used in income property appraisal. This is followed by a thorough discussion of the concepts of yield rates and of discounted cash flow analysis (yield capitalization), which is the primary focus of this course. Financial leverage is also discussed so students better understand the relationship between various yield rates and capitalization rates. Several traditional yield capitalization formulas including Inwood, Hoskold, Ellwood and Akerson, are then discussed. Although rendered obsolete by the advent of financial calculators, these formulas are still used by many appraisers and students should be familiar with them. A financial calculator is required for this course.

Costs Registration Fee in Advance

Registration Fee at the Door

 Book/Calculator

Registration

 $470.00 $495.00 *

NCPAC Members

 $423.00 $448.00 *

Payments made with a credit card can only be accepted online through PayPal.

* A text book is not required for this course, A copy of the course syllabus, and additional handout materials will be provided at the beginning of this course.

* A financial calculator is recommended, but not required, for this course. HP-12C is recommended. There will be some instruction for problem solving with the HP-12C, but instruction in how to use a financial calculator is not a focus of this course.

** NCPAC Members may receive a 10% discount - only once in any two year period.

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For your conditional registration to be confirmed a payment or deposit must be received 7 days before the date of the class.