Income Approach for General Appraisers, Part 1 (A303)
This course is specifically designed as the introductory course to the Income Approach which meets 30 of the 60 hours required by the Appraiser Qualifications Board for Qualifying Education for General Certified Appraisers. The course covers topics such as application of the six functions of $1, underlying income approach definitions and concepts, construction of the income and expense statement, direct capitalization theory and techniques, introduction to yield capitalization, discounting, lease analysis, building and land residual analysis, and straight-line recapture theory and techniques. These topics are discussed with a distinct bent toward the sometimes unique aspects of rural property valuation. Concepts are reinforced through classroom discussion, drill problems and periodic diagnostic quizzes. After successful completion of this course, the student will be prepared for the more advanced topics discussed in the second 30 hour Income Approach module.
Please Note: This course is designed to follow Basic Appraisal Principles and Basic Appraisal Procedures. It is assumed the student has already gained the level of knowledge and understanding that is taught in the lower level classes.
Required Equipment & Textbooks: Appraisal of Rural Property, 2nd Edition; HP-12c, Hp-17bII or HP-19bII calculator (Click here for basic information how to use an HP-12c)
Suggested Textbook: Valuing Rural America: Foundations of Data Analysis, Real Estate Valuation in Litigation, Second Edition
Contact Hours: 27 hours + 3 hour exam
Course Timetable: Days 1-3: 8 AM - 5 PM; Day 4: 8 AM - 4 PM
AQB Licensure Requirement: Certified General
Instructors: Clay Caver, AFM, ARA, RPRA
Pricing: $769/Member, $999/Nonmember
This course will be Hybrid (some students in person, some online). Upon registering, you will either select Hybrid Livestream Registration or In Person Registration. If you select the Hybrid Livestream Registration, you will be sent a Zoom link to access this course the week before the course start date. If you select the In Person Registration, you will be expected to attend the offering In Person in Denver, CO throughout the duration of the offering.
***For an in-person offering to be held, we must reach a minimum of 10 in-person participants three weeks prior to the first day of the course. If this minimum is not met, we will move this offering strictly to a livestream format via ZOOM. Any in-person registrants will be notified at this time.
For More Information:
Registration: Deanna Ilk | 303-692-1222 | firstname.lastname@example.org