(7.5-hours of continuing education credit by the Department of Local Government Finance)
This course will look at the numerous techniques used to develop capitalization rates. The techniques are separated into two general categories: direct capitalization and yield capitalization. Direct capitalization will be presented as a brief review for purposes of comparing and contrasting to yield capitalization. Yield capitalization will address issues with which investors are concerned that are not treated in direct capitalization. Students will have an opportunity to calculate numerous capitalization problems.