General Appraiser Income Approach/Part 1

• 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.

Program Overview:

Online Syllabus

Assignments:
No

Equipment:

• A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
• You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.
• Free Review: Using a Financial Calculator: Formulas, Symbols, Math Review, and Sample Problems; and Financial Calculator Practice Exercises.
• For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.
• HP-12C calculator User’s Manual.

• Basic Appraisal Principles    
• Basic Appraisal Procedures

• Rates and Ratios Used in the Income Capitalization Approach
• Mathematics for Real Estate Appraisers
• Capitalization Theory and Techniques Study Guide, 3rd ed.
• The Appraisal of Real Estate, 15th ed.
• The Dictionary of Real Estate Appraisal, 7th ed.