The Income Approach: An Overview

4.32 Average Rating

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The Income Approach: An Overview has earned an average of 4.32 out of 5 stars from 379 ratings.
$125.99

This course will serve as a review and reinforcement of the principles of income capitalization approach. It is intended for licensed and certified real property appraisers, both residential and non-residential appraisers. It is assumed that participants in this course have completed the required qualifying education courses necessary for licensing or certification, including: Basic Appraisal Principles; Basic Appraisal Procedures; and Residential Sales Comparison and Income Approaches; or General Appraiser Income Approach.

We will cover the economic principles and definitions pertinent to valuation of income-producing properties, and properties that are capable of producing income. We will illustrate and utilize income capitalization techniques, including direct capitalization and income multipliers.

We will work on some exercises and examples using the HP 12C financial calculator and it will necessary for the students to use a 12C. Keystroke solutions will be offered. If you do not own an HP 12C, you can download an HP 12C “app” for your smartphone as an alternative. 

Income and expense operating statements will be illustrated for use with commercial properties. We will cover the production of income from potential gross income (PGI) to net operating income (NOI). 

We will also cover the use of the Small Residential Income Property Appraisal Form (SRIPAR, also known as Fannie Mae Form 1025). 

Chapter list:

1. The Income Approach: An Overview
2. Direct Capitalization Methods
3. Income and Expenses
4. Capitalizing Net Operating Income
5. Sales Comparison and Income Approaches
6. Final Exam

Appraisal Continuing Education Course Ratings and Reviews

McKissock is rated 4.3 out of 5 by 1405.
Rated 5 out of 5 by from Course was easy to navigate and you can work at your own pace and not be rushed.
Date published: 2020-06-01
Rated 5 out of 5 by from excellent option for obtaining continue education required for licensing
Date published: 2020-05-08
Rated 5 out of 5 by from The Income Approach curriculum was very informative.
Date published: 2019-12-31
Rated 5 out of 5 by from This course exceeded my expectations. When I signed up I was looking for updated and relevant information for appraising Small Res Income properties and I feel more confident than prior to the class that I will be producing credible appraisals and appraisal reports.
Date published: 2019-12-28
Rated 5 out of 5 by from This one class is the basis for all appraisal work. Every appraiser should take this class.
Date published: 2019-12-17
Rated 5 out of 5 by from excellent course. the course was very informative and tough, but just what you would expect when completing an appraisal assignment. thanks Mckissock
Date published: 2019-10-20
Rated 5 out of 5 by from I LIKED THE FACT IT IS ONLINE FOR I USED PRINT THE PDF , READ IT ON MY WAY TO WORK , BREAK AND COME BACK HOME DO SOME REVISW AND DO CHECK OUT TEST - TILL I FINISH THE COURE THAT WAY . SOME CHAPTERS IN THIS COURSE REQUIRE BEING FOUCS AND BEING FOCUSE FOR THERE ARE QUITE MATH TO DO . GENERALLY , I LEARNED LOT & IT WAS REFRESH FOR MY WORK .
Date published: 2019-10-02
Rated 5 out of 5 by from This was a great review course in preparation for an Assessor Exam in CT.
Date published: 2019-09-28
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Will this course prepare me to develop a capitalization rate? I am looking for income property valuation training that will equip me with real world knowledge to use as I consider buying small income properties.

Asked by: D. W.
Each of our courses come with a “course highlight” section you can read before purchasing. Just find a course you are interested in and click on “view more”. You can also sample courses before you buy them as well, just click on “sample course” on the bottom of the course listing. Assuming this is for RE, I think you may be interested in our course “Intro to Property Management: Market Analysis, Risk Management, and Maintenance”
Answered by: McKissock
Date published: 2020-04-13
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