General Appraiser Income Approach

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General Appraiser Income Approach has earned an average of 4.31 out of 5 stars from 593 ratings.
This course is designed to fulfill the Qualifying Education requirements of the Appraiser Qualifications Board of The Appraisal Foundation for the course titled: General Appraiser Income Approach. 

It is a course founded in theory and mathematics, and will require the usage of a financial calculator. The calculator taught in this course is the HP-12C.  Training on the use of the calculator is an integral part of the course, and all provided keystrokes and solutions will be based on that calculator. Keystrokes are based on the original “gold” version of the calculator, but the newer “platinum” version will work also. Students who choose to use another calculator must be proficient in the operations of that calculator, as tutoring will not be provided.

There is a required 5 hour exam at the end that must be taken in a monitored classroom setting.

Chapter list:

1. The Foundation of the Income Approach
2. The Fundamental Concepts of the Income Approach
3. Mathematical Procedures
4. Compound Interest
5. The Six Functions of a Dollar
6. Characteristics and Uses of Compound Interest Concepts
7. Lease Analysis: Identifying the Players and their Interests
8. Lease Analysis
9. Types of Leases
10. Relationships Between the Lease Interests
11. Analyze Income from Investment Properties
12. Income, USPAP, and the Appraisal Process
13. Collecting Income Data
15. Vacancies and Collection Losses
16. Effective Gross Income
17. Classifications of Expenses
18. Variable Expenses in the Appraiser’s Reconstructed Operating Statement
20. Net Operating Income
21. A More Involved Discussion of Direct Capitalization
22. Land Residual Technique and Mortgage Residual Technique
26. Yield Capitalization and its Components
27. Different Property Types and how they Compare
28. A Few issues on the Different Property Types
29. Characteristics that Impact Marketability, Utility, and the Value of a Property
30. Real Estate Investments
31. Half Way Point
32. Discounted Cash Flow
33. Discounted Cash Flow Analysis Theory
34. USPAP and Discounted Cash Flow Analysis
35. Case Studies
37. Yield Capitalization
38. Yield Capitalization
39. Helpful Definitions of Yield Rates
40. Net Present Value
41. Introduction to Partial Interests
42. Partial Interest Categories
43. More Information on Partial Interests
44. Easement Appraisal
45. Definitions
52. Reviewing the Income Approach
54. Comprehensive Case Study
56. Conclusion
14. Let’s Practice the Preaching
19. Reconstructed Operating Statement Case Studies
23. Band of Investment Land-Building Formula and the Debt Coverage Ratio
24. All about the Math
25. Case Study Practice
36. Financial Calculator Storing
46. Case Studies Chapter
47. Case Studies Chapter
48. Case Studies Chapter
49. Case Studies Chapter
50. Case Studies Chapter
51. Case Studies Chapter
53. Case Studies
55. Comprehensive Case Study 2

Appraisal Upgrade Course Ratings and Reviews

McKissock is rated 4.3 out of 5 by 593.
Rated 5 out of 5 by from Course is a well organized and structured. The course starts off with the basics, and helps get the fundamentals before moving on to the more advanced stuff. Overall great Couse.
Date published: 2020-07-29
Rated 5 out of 5 by from Well explained, great exercises, similar to online University courses.
Date published: 2020-05-09
Rated 5 out of 5 by from Very thorough, easy to follow, small chapters to learn at a good pace.
Date published: 2020-04-04
Rated 5 out of 5 by from Convenient, quality education, as always. Learn at my own pace.
Date published: 2020-01-29
Rated 5 out of 5 by from This course was well written and designed to aid the student in learning the course work proficiently. I will continue with additional classes through McKissock!
Date published: 2019-03-27
Rated 5 out of 5 by from McKissock is absolutely top notch in my opinion! The course and materials are presented in such a way that even rival the Appraisal Institute!
Date published: 2018-12-26
Rated 5 out of 5 by from Great course, I learned valuable appraisal procedures that I was able to apply to my day-to-day practice immediately. I highly recommend this course.
Date published: 2018-12-11
Rated 5 out of 5 by from I enjoyed the course and will reference it in the future in my appraisal career.
Date published: 2018-05-23
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Is there a hard copy textbook? Does the text book provide key strokes for solutions? Does the textbook provide answers to test questions so that I can check my work?

Asked by: M. Huffman
All of our courses will be done entirely online. There are a few exceptions, depending on the profession or type of education. However, generally it is online only.
Answered by: McKissock
Date published: 2020-04-22
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