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    General Appraiser Income Approach/Part 1

    Register
    On Demand
    Date
    On Demand
    Sponsor
    Appraisal Institute
    Location
    Instructor
    David C. Lennhoff, MAI, SRA, AI-GRS
    Don R. Scheidt, MAI, SRA
    Kenneth G. Foltz, MAI, SRA
    Larry T. Wright, MAI, SRA, AI-GRS
    Class Time
    27 hours
    Exam Time
    3 Hours
    Full Price
    $595.00
    AI Price
    $490.00
    Course Description
    After a brief review and introduction, General Appraiser Income Approach/Part 1 opens with a graphic treatment of the time value of money, the six financial functions of a dollar, and important associated concepts. A thorough, detailed analysis of gross income including leases and the various expenses appropriately deducted from gross income follows, with realistic case studies of several income property types. Direct capitalization is then presented using overall capitalization rates, band of investment, and residual techniques. Substantial class time is devoted to practicing the taught concepts to prepare participants for the exam.

    Who Should Enroll
    • Those seeking general real property appraiser certification    
    • Underwriters    
    • Lenders    
    • Assessors    
    AI CE Points
    Attend:
    175
    Attend & Pass Exam:
    225
    Pass Only:
    200
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 27 27 Online Online 07/26/2021 07/26/2024 18469
    AK CE 27 27 Online Online 07/20/2024 04/11/2027 19919
    AK QE 30 27 3 Online Online 07/26/2021 07/26/2024 18468
    AK QE 30 27 3 Online Online 07/20/2024 04/11/2027 19919
    AL CE 30 27 3 Online Online 10/01/2022 09/30/2024 C02796
    AL QE 30 27 3 Online Online 10/01/2022 09/30/2024 C0796
    AR CE 30 27 3 Online Online 01/17/2023 08/14/2024
    AR QE 30 27 3 Online Online 01/17/2023 08/14/2024
    AZ CE 30 27 3 Online Online 01/01/2022 08/14/2024 78214
    AZ CE 27 27 Online Online 01/01/2022 08/14/2024 78214
    AZ QE 30 27 3 Online Online 01/01/2022 08/14/2024 78214
    CA CE 27 27 Online Online 11/23/2020 11/24/2024 12CP754601015
    CA QE 30 27 3 Online Online 11/25/2020 11/24/2024 12CP754601015
    CO CE 27 27 Online Online 06/23/2022 08/14/2024 2234
    CO CE 30 27 3 Online Online 06/23/2022 08/14/2024 2234
    CO QE 30 27 3 Online Online 06/23/2022 08/14/2024 2234
    CT CE 18 18 Online Online 01/10/2024 08/14/2024 AAL.001170
    CT QE 30 27 3 Online Online 08/25/2021 08/14/2024 APR.000217
    DC CE 30 27 3 Online Online 02/29/2024 02/28/2026 4016
    DC QE 30 27 3 Online Online 02/29/2024 02/28/2026 4016
    DE CE 27 27 Online Online 01/01/2022 08/14/2024 78214
    DE CE 30 27 3 Online Online 01/01/2022 08/14/2024 78214
    DE QE 30 27 3 Online Online 01/01/2022 08/14/2024 78214
    FL CE 20 20 Online Online 09/21/2023 09/21/2025 0009469
    FL QE 30 27 3 Online Online 09/21/2023 09/21/2025 0009469
    GA CE 27 27 Online Online 10/01/2012 63275
    GA QE 30 27 3 Online Online 10/01/2012 63274
    HI CE 27 27 Online Online 01/01/2024 08/14/2024 23-361
    HI QE 30 27 3 Online Online 01/01/2024 08/14/2024 23-361
    IA CE 27 27 Online Online 08/15/2021 08/14/2024 A518-426
    IA QE 30 27 3 Online Online 08/15/2021 08/14/2024 A518-427
    ID CE 30 27 3 Online Online 03/14/2022 08/14/2024
    ID QE 30 27 3 Online Online 03/14/2022 08/14/2024
    IL CE 27 27 Online Online 01/01/2023 12/31/2024 575.001786
    IL QE 30 27 3 Online Online 01/01/2023 12/31/2024 573.000597
    IN CE 30 27 3 Online Online 01/01/2022 08/14/2024 78214
    IN CE 27 27 Online Online 01/01/2022 08/14/2024 78214
    IN QE 30 27 3 Online Online 01/01/2022 08/14/2024 78214
    KS CE 27 27 Online Online 01/01/2024 12/31/2024 210.C24.R
    KS QE 30 27 3 Online Online 01/01/2024 12/31/2024 318.P24.R
    KY CE 30 27 3 Online Online 07/01/2023 06/30/2024
    KY CE 27 27 Online Online 07/01/2024 05/30/2025
    KY QE 30 27 3 Online Online 07/01/2023 06/30/2024
    KY QE 30 27 3 Online Online 07/01/2024 05/30/2025
    LA CE 27 27 Online Online 08/15/2021 08/14/2024 A0214
    LA QE 30 27 3 Online Online 08/15/2021 08/14/2024 A0214
    MA CE 27 27 Online Online 09/28/2021 08/14/2024 10051242
    MA QE 30 27 3 Online Online 03/30/2023 08/14/2024 120153
    MD CE 27 27 Online Online 01/01/2022 08/14/2024 78214
    MD CE 30 27 3 Online Online 01/01/2022 08/14/2024 78214
    MD QE 30 27 3 Online Online 01/01/2022 08/14/2024 78214
    ME CE 27 27 Online Online 01/01/2022 08/14/2024 78214
    ME CE 30 27 3 Online Online 01/01/2022 08/14/2024 78214
    ME QE 30 27 3 Online Online 01/01/2022 08/14/2024 78214
    MI CE 27 27 Online Online 01/24/2023 08/14/2024 3409
    MI QE 30 27 3 Online Online 01/24/2023 08/14/2024 3409
    MN CE 30 27 3 Online Online 09/01/2023 08/31/2025 1019063
    MN CE 27 27 Online Online 09/01/2023 08/31/2025 1019061
    MN QE 30 27 3 Online Online 09/01/2023 08/31/2025 1019062
    MO CE 27 27 Online Online 10/06/2021 08/14/2024
    MO QE 30 27 3 Online Online 10/06/2021 08/14/2024
    MS CE 30 27 3 Online Online 08/27/2023 08/14/2024 MAB #49573
    MS QE 30 27 3 Online Online 03/28/2021 08/14/2024 MAB #49573
    MT CE 27 27 Online Online 09/12/2022 08/14/2024 REA-CEC-REC-15655
    MT QE 30 27 3 Online Online 09/12/2022 08/14/2024 REA-CEC-REC-15655
    NC QE 30 27 3 Online Online 01/01/2024 12/31/2024
    ND QE 30 27 3 Online Online 10/29/2021 08/14/2024 QE-221019S
    NE QE 30 27 3 Online Online 01/01/2022 08/14/2024 1192464.02
    NH CE 30 30 Online Online 07/07/2022 08/14/2024
    NH QE 30 27 3 Online Online 09/06/2023 08/14/2024
    NJ CE 27 27 Online Online 10/01/2021 2009-3087
    NJ QE 30 27 3 Online Online 10/01/2021 08/14/2024 2009-3087
    NM CE 30 27 3 Online Online 09/20/2021 08/14/2024 3292
    NM QE 30 27 3 Online Online 09/20/2021 08/14/2024 3292
    NV CE 27 27 Online Online 11/01/2023 10/31/2024 CE.0009609-A
    NV QE 30 27 3 Online Online 09/01/2023 08/31/2024 PL.0009474-A
    NY CE 27 27 Online Online 01/01/2024 12/31/2024 A5538-27
    NY QE 30 27 3 Online Online 10/01/2023 09/30/2024 Q0214-G7
    OH CE 27 27 Online Online 01/01/2024 12/31/2024 923400303A 22
    OH QE 30 27 3 Online Online 01/01/2022 08/14/2024 78214
    OK CE 27 27 Online Online 08/12/2021 08/14/2024 964
    OK QE 30 27 3 Online Online 08/12/2021 08/14/2024 605
    OR CE 30 27 3 Online Online 08/13/2021 08/14/2024 APIN-Q-0821-8893
    OR QE 30 27 3 Online Online 08/13/2021 08/14/2024 APIN-Q-0821-8893
    PA CE 27 27 Online Online 08/19/2021 08/14/2024 AA0003226154
    PA QE 30 27 3 Online Online 08/19/2021 08/14/2024 AA0003226154
    PR CE 30 27 3 Online Online 01/01/2022 08/14/2024 78214
    PR CE 27 27 Online Online 01/01/2022 08/14/2024 78214
    PR QE 30 27 3 Online Online 01/01/2022 08/14/2024 78214
    RI CE 27 27 Online Online 08/23/2021 08/14/2024 REA.0001750-CE
    RI QE 30 27 3 Online Online 08/23/2021 08/14/2024 REA.0001750-CE
    SC QE 30 27 3 Online Online 08/31/2014 08/31/2024 AS.1QE-13
    SD CE 30 30 Online Online 01/05/2022 01/05/2025 SD 1514
    SD CE 27 27 Online Online 01/05/2022 01/05/2025 SD 579
    SD QE 30 27 3 Online Online 01/05/2022 01/05/2025 SD 579
    TN CE 14 14 Online Online 06/01/2023 05/31/2025 1656
    TN QE 30 27 3 Online Online 06/01/2023 05/31/2025 1656
    TX CE 30 27 3 Online Online 08/16/2023 08/31/2024 TX Provider #:10 Course #:34509
    TX QE 30 27 3 Online Online 10/25/2023 08/14/2024 TX Provider #: 8038 Course #: 34509
    UT CE 27 27 Online Online 12/01/2023 11/30/2025 AC231116
    UT QE 30 27 3 Online Online 12/01/2023 11/30/2025 AQ231131
    VA CE 27 27 Online Online 01/01/2022 08/14/2024 78214
    VA CE 30 27 3 Online Online 01/01/2022 08/14/2024 78214
    VA QE 30 27 3 Online Online 06/01/2024 08/14/2024 4006000732
    VT CE 27 27 Online Online 02/04/2021 02/04/2025
    VT QE 30 27 3 Online Online 02/04/2021 02/04/2025
    WA CE 27 27 Online Online 08/05/2021 08/14/2024 A3045
    WA QE 30 27 3 Online Online 08/05/2021 08/14/2024 A3045
    WI CE 30 27 3 Online Online 01/01/2022 08/14/2024 78214
    WI CE 27 27 Online Online 01/01/2022 08/14/2024 78214
    WI QE 30 27 3 Online Online 01/01/2022 08/14/2024 78214
    WV CE 30 27 3 Online Online 06/29/2019 08/14/2024
    WV QE 30 27 3 Online Online 06/29/2019 08/14/2024
    WY CE 30 27 3 Online Online 08/31/2021 08/14/2024 270
    WY QE 30 27 3 Online Online 08/31/2021 08/14/2024 270
    Course Objectives
    • Expand competencies in performing income and expense analysis.    
    • Gain a foundation in direct capitalization techniques and applications.    
    • Extract and apply rates from the market.    
    • Identify fundamentals of risk and investment analysis.    
    • Expand competency in compound interest theory and calculations.    
    • Forecast revenues.    
    • Estimate expenses.    
    • Value partial interests.
    Course Details

    Program Overview:

    Online Syllabus

    Assignments:
    No

    Equipment:

    Additional Information:

    Exam:
    You will have 90 days from the time that you complete the course to take the proctored, offline exam. Testing center locations in your area can be found by clicking on this link:www.pearsonvue.com/ai.
    Exam FAQ

    Online Course Access
    Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.
    1. Click "Education and Events" on the right navigation menu.
    2. Find the course under the “Online Courses” heading and click the “Begin” button.
    IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue.

    Other Details
    For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions.

    Requirements:

    Online Education FAQ



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