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:
Table of Contents and Overview
Course Schedule

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.

Additional Information:
Course Materials Include:

You will be asked to clear the calculator’s memory before and after the examination. Only one calculator is permitted in the testing room. Examinees taking most AI exams may bring their own calculator to use during the exam. Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.

Requirements:
None specified

• 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.