General Appraiser Income Approach

4.25 Average Rating

5 stars
(77)
4 stars
(53)
3 stars
(21)
2 stars
(3)
1 stars
(2)
General Appraiser Income Approach has earned an average of 4.25 out of 5 stars from 482 ratings.
$779.95
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
35. USPAP and Discounted Cash Flow Analysis
36. Case Studies
38. Yield Capitalization
39. Yield Capitalization
40. Helpful Definitions of Yield Rates
41. Net Present Value
42. Introduction to Partial Interests
34. 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
37. 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

Course ratings and reviews

McKissock is rated 4.3 out of 5 by 481.
Rated 5 out of 5 by from Mckissock is the best online school I've used in my 13 year career. I can always talk to someone on the phone if I need to and my issue are always resolved immediately. I will continue to use McKissock for my future CE needs.
Date published: 2017-05-18
Rated 5 out of 5 by from Great class. The case studies at the end really helped to pull together everything that we learned throughout.
Date published: 2017-05-08
Rated 5 out of 5 by from This is a very comprehensive and challenging course which will be very useful in my appraisal career.
Date published: 2017-05-03
Rated 5 out of 5 by from Very nicely done. Really enjoyed the internet fieldtrips!
Date published: 2017-03-13
Rated 5 out of 5 by from I only use Mckissock for all my education. They are the best!
Date published: 2017-02-08
Rated 5 out of 5 by from The course was well organized, user friendly, and provided valuable information.
Date published: 2017-02-06
Rated 5 out of 5 by from Very challenging great information. I had a good experience.
Date published: 2016-11-14
Rated 5 out of 5 by from I think this course was very well organized and the website was user friendly. I like taking courses with this school because I can work on the course when I have time. It feels great not to be pressured and it gives me more time to study the material. I would recommend this course and school to anyone that is interested.
Date published: 2016-10-06
Rated 5 out of 5 by from Good course. It was well written and covered a lot of material.
Date published: 2016-09-14
Rated 5 out of 5 by from A lot of time went in to creating this course. I was wary of taking an online class with this much calculator usage. But it is set up in a way that you can review as much as you want and the case studies at the end are extremely helpful.
Date published: 2016-04-05
Rated 5 out of 5 by from McKissock is the most comprehensive way to learn via distance education. I hate math, absolutely hate it but the courses offered made math as easy as possible. I appreciated the detailed information in getting through all of the formulas. I highly recommend McKissock and plan to use them for the remainder of my qualification requirements.
Date published: 2015-06-04
Rated 5 out of 5 by from Online is the best way for me to utilize my time, review the material and ask questions. With the busy and always changing schedule of being an appraiser, it's great to have a resource like McKissock.
Date published: 2015-01-04
Rated 5 out of 5 by from There are many advantages to using McKissock. The online format allows you to take the course at your own pace when you are available to do it. Also, the proctored tests availability online with your local librarian is a huge benefit.
Date published: 2014-10-13
Rated 5 out of 5 by from There are many advantages to using McKissock. The online format allows you to take the course at your own pace when you are available to do it. Also, the proctored tests availability online with your local librarian is a huge benefit.
Date published: 2014-10-13
Rated 5 out of 5 by from Glad I took Income Approach on-line so I could go at my own pace. Was very well organized. Glad we had many case studies for practice.
Date published: 2014-02-25
Rated 5 out of 5 by from Glad I took Income Approach on-line so I could go at my own pace. Was very well organized. Glad we had many case studies for practice.
Date published: 2014-02-25
Rated 4 out of 5 by from Very convenient. You can access it from pretty much any computer or mobile device (a pretty big deal considering some use online schools still use adobe flash which has been obsolete for a long time). A simplistic interface that appears to be light weight. It isn't gaudy, and is exactly what is needed to get the job done.
Date published: 2019-10-06
Rated 4 out of 5 by from This course was a necessity for my completion of my licensing as a Certified General. Have already had 2500 hours of on the job training and wish I'd taken this course earlier in my work experience. Would have understood quite a bit more of the processes that were occurring in the income approach. Feel much more confident in this area of the appraisal report.
Date published: 2018-07-24
Rated 4 out of 5 by from This course was easy to use and convenient, exactly what I expected.
Date published: 2018-06-20
Rated 4 out of 5 by from Please provide the solutions and formulas regarding how to obtain each of the variables in the Ellwood formula, as it took 6 hours of searching the internet to do so.
Date published: 2018-05-20
Rated 4 out of 5 by from Overall a good class.
Date published: 2018-01-17
Rated 4 out of 5 by from Overall, very beneficial course to help understand the income approach as well as where the information used in the approach is derived from.
Date published: 2016-10-13
Rated 4 out of 5 by from Good course that is well delivered and easily understood.
Date published: 2016-06-29
Rated 4 out of 5 by from If you want to really learn income capitalization and not just pass a test, take this class!
Date published: 2016-06-29
Rated 4 out of 5 by from If you want to really learn income capitalization and not just pass a test, take this class!
Date published: 2016-06-29
Rated 4 out of 5 by from Taking this course online is the way to go! Trying to cram all this information into a week or two at some hotel/classroom didn't work for me.
Date published: 2016-04-30
Rated 4 out of 5 by from The Income course was thorough and provided valuable information on how to employ the proper techniques for income-producing properties, as well as how to use the HP12c calculator. I found this course both challenging and rewarding.
Date published: 2015-05-19
Rated 4 out of 5 by from this is one of the uglier courses...the math is scary... the teacher does a good job of walking you thru the steps... you can do this......... if you are intimidated...DO NOT BE... this course will make you better...and is do-able.... I have had bad experiences with the other appraisal providers... this course is pretty good overall....thanks....
Date published: 2015-02-17
Rated 4 out of 5 by from this is one of the uglier courses...the math is scary...the teacher does a good job of walking you thru the steps...you can do this.........if you are intimidated...DO NOT BE...this course will make you better...and is do-able....I have had bad experiences with the other appraisal providers...this course is pretty good overall....thanks....
Date published: 2015-02-17
Rated 4 out of 5 by from I found this course to be a very good introduction to the world of Income Capitalization approach.
Date published: 2014-11-15
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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
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