Income Approach for General Appraisers Part II (A330) - Hybrid

Starts:  Aug 25, 2025 08:00 AM (MT)
Ends:  Aug 28, 2025 05:00 PM (MT)

The course includes an overview of the income approach, computing financial rates, and an in-depth examination of discounted cash flow analysis (DCF). The course covers principles of discounted cash flow analysis, application and common errors in discounted cash flow analysis, and culminates with discounted cash flow case studies. Students will also delve into the relationships between rates, learn about the concepts of discounting and net present value, and engage with drill problems to enhance practical understanding. Procedures and application of yield capitalization, cash equivalency and mortgage analysis, and valuation of lease interests are also topics that are explored. This course is designed to provide students with a deep and practical understanding of income-based valuation methods for property appraisal.

Please Note: This course is designed to follow Basic Appraisal Principles and Basic Appraisal Procedures. It is assumed the student has already gained the level of knowledge and understanding that is taught in the lower level classes.

Required Equipment & Textbooks: Appraisal of Rural Property, 2nd Edition; HP-12c, Hp-17bII or HP-19bII calculator (Click here for basic information how to use an HP-12c)

Suggested Textbook: Valuing Rural America: Foundations of Data Analysis, ASFMRA Appraisal of Real Estate, Fifteenth Edition; Dictionary of Real Estate Appraisal, Sixth Edition

Contact Hours: 27 hours + 3 hour exam

Course Timetable: Days 1-3: 8 AM - 5 PM; Day 4: 8 AM - 4 PM

AQB Licensure Requirement: Certified General

For questions about approvals, contact Deanna Ilk at dilk@asfmra.org or 303-692-1222

Required Equipment: HP-12c, HP-17bII or HP-19bII (Click here for basic information how to use an HP-12c), and laptop.

All in-person participants will be required to bring a tablet or laptop as we transition to digital course materials and exams through ProProfs. If you have any questions, please contact Katelyn Johnson at 303-692-1224 or KJohnson@asfmra.org.

  • Instructors: Andy Gudajtes, ARA
  • In-Person Pricing: $769/Member, $999/Nonmember
  • Virtual Pricing: $849/Member, $1079/Nonmember

Registration will close the Friday before at 12:00pm MST. If you have questions or would like to register late, please contact Katelyn Johnson at 303-692-1224 or KJohnson@asfmra.org

Click here to view the Recommended Education Path that the ASFMRA Appraisal Education/Accreditation Committee has put together; it is highly recommended that you review the pathway prior to registration.

This course will be held in a hybrid format (some students in person, some online). Upon registering, you will either select In Person Registration or Virtual Registration. If you select the Virtual Registration, you will be sent a Zoom link to access this course one week before the course start date. If you select the In Person Registration, you will be expected to attend the offering in person in Glendale, CO, throughout the duration of the offering.

The ASFMRA reserves the right to move this offering to a livestream format up to three weeks before the first date of the offering. Any in person registrants will be notified at this time. ASFMRA does not reimburse travel costs.

Textbook: The Valuing Rural America textbook is recommended for any students taking education through the ASFMRA. You may purchase a hard copy or digital version by visiting the ASFMRA bookstore.

Course Location:
ASFMRA Education Center
720 S Colorado Boulevard, Suite 350-S
Glendale, CO 80246

Hotel Information:
The Hilton Garden Inn Denver-Cherry Creek
600 S. Colorado Blvd
Glendale, CO 80246
Booking Link: https://www.hilton.com/en/book/reservation/deeplink/?ctyhocn=DENCKGI&corporateCode=3117120
Booking code: 3117120 - Will include complimentary breakfast.

By registering for this event, I understand that my photograph or video may be taken during participation in any activity (class, social gathering, outing, etc.) sanctioned by the American Society of Farm Managers and Rural Appraisers (ASFMRA). I hereby grant permission to ASFMRA to use my photograph or likeness in any publicity or promotional publications (e.g. website, social media, newspaper ads, newsletters, programs, brochures, public broadcasting releases, email promotions, etc.) and to allow video recordings of myself and/or guests.

In compliance with the Americans with Disabilities Act, the ASFMRA will make every effort to provide reasonable accommodations requested for individuals with disabilities. Requests for accommodations can be responded to more effectively if received at least two weeks in advance of the event.

For More Information: kjohnson@asfmra.org | 303-692-1224
*The maximum capacity for this course is 24 in-person participants and 24 online participants.
*Please note that ASFMRA reserves the right to cancel any course 3 weeks in advance.

Location

ASFMRA Education Center
720 South Colorado Blvd
Glendale, CO 80246