General Appraiser Income Approach/Part 1

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. The course then provides a thorough, detailed analysis of gross income, including leases and the various expenses appropriately deducted from gross income, with realistic case studies involving several income property types. Direct capitalization is presented using overall capitalization rates, band of investment, and residual techniques. Substantial class time is devoted to practicing the concepts taught to prepare participants for the exam.
Sponsor Date Location Delivery Format Check
State Approvals
 
Appraisal Institute On Demand Online  Check Register
North Carolina Chapter October 11-14, 2022 Charlotte, NC Classroom  Check Register
Tennessee Chapter November 07-10, 2022 NASHVILLE, TN Classroom  Check Register
Chicago Chapter March 20-23, 2023 Classroom  Check Register
Chicago Chapter October 16-19, 2023 Classroom  Check Register

Program State Approval & Hours

Some AI educational programs may not be approved in every state and every delivery format. To see a list of all state approvals across all formats for this course, please use the link below.

View all approvals for this course

Who should Enroll

  • Those seeking general real property appraiser certification    
  • Underwriters    
  • Lenders    
  • Assessors    

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.

Prerequisites


Exam

Yes, 3 hours

Level

Intermediate

Appraisal Institute CE Points

Attend: 175 AI Points,  Attend and Pass Exam: 225 AI Points,  Pass Only: 200 AI Points

Class Time

27 hours

Assignments

No

Program Overview


Required and/or Recommended Equipment

Classroom & Synchronous

Online
  • 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 c

System Requirements

Classroom & Synchronous
None specified

Online

Additional Information

Classroom & Synchronous
National Registry of CPE Sponsors

Course Materials Include:

  • Course Handbook (488 pp.)
  • Solutions Booklet / Self-Study Problems (390 pp.) 

The Appraisal Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. 

State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN, 37219-2417. Web site: www.nasba.org

Delivery Method: Group-Live


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.


Online

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.


Book Recommendations