"Alphabet Soup" - The Income Approach Unraveled

Date: September 9, 2020

Location: Okemos, MI

Great Lakes Chapter
Mrs. Joan E. Kaczor
Okemos Conference Center
2187 University Park Drive
Okemos, MI 48864
Amanda Allen
Rice, David



This seven hour seminar provides continuing education for Michigan assessors and appraisers.  The seminar begins with an overview of the income approach one of three approaches to value, its advantages and disadvantages and how assessors and appraisers can successfully apply it.

The definition of the income approach is explored and dissected together with the economic principles that underlie it.  Standards rule 1-3 in USPAP and its importance in properly developing the income approach is highlighted.

Participants will learn how to develop potential gross rental income, vacancy, operating expense analysis and net operating income estimates.  Sources and data gathering techniques are identified.

The process of developing net operating income into value via basic capitalization processes are highlighted with emphasis on rate development from direct capitalization methods.

The seminar is organized around case studies with problems solved by participants.  Real market examples are used throughout the seminar.  Current issues around the income approach are discussed.  Participants should have a working knowledge of a financial calculator.

Additional Information

Class begins at 8:00 a.m.

Coffee and lunch are included

This program was developed and is administered by the Great Lakes Chapter. Attendees are eligible to receive 7.0 hours of Appraisal Institute continuing education credit. You will also receive 7 hours continuing education credit for the State of MI Appraisal License and 8 hours for Assessor Certification.

National Disclaimer

This Educational Program was developed and organized by the Appraisal Institute Chapter offering the Program with the intent of addressing topic(s) of current local interest solely for educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program.

The content of this Program, including but not limited to any written materials and presenter comments, does not represent the viewpoint of the Appraisal Institute (defined as including but not limited to, the national organization, its Regions, Chapters, members, candidates, affiliates and staff) unless formally adopted by the national Board of Directors. Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program. The content of the Program is subject to court decisions and local, state and federal laws and regulations and any such revisions of such laws and regulations.

This Program is presented with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting or other professional advice or services. Nothing in the Program is to be construed as the offering of such advice or services. If expert advice or services are required, attendees and readers are responsible for obtaining such advice or services from appropriate professionals.

State Credit

Please note that 100% attendance is required in order to receive any approved state credit or to be awarded AI CE points. It is imperative that you check with your state board for state approval information before completing registration.

Other Information

If you have a disability and require accommodation, please notify the sponsor at least two weeks in advance for reasonable accommodations to be arranged.

The Appraisal Institute reserves the rights to cancel, limit, or reschedule the program and to change instructor assignments and facility locations at any time.