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: 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, ASFMRA Appraisal of Real Estate, Fourteenth Edition; Dictionary of Real Estate Appraisal, Sixth Edition
Contact Hours: 27 hours + 3 hour exam
AQB Licensure Requirement: Certified General
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Instructor: Justin Bierschwale, ARA, MAI
Co-Instructors: Paul Bierschwale, ARA, CRE and Nathan Tonne, ARA, MAI
Registration fees include: All course materials, lunch Monday-Thursday and one dinner hosted by Justin and Carmen Bierschwale.
Cancellations must be received by June 29, 2020 to receive a refund.
Holiday Inn Express & Suites
304 Dos Rios Dr
Junction, TX 76849
Room Rate: $109/night + tax; Breakfast is included
To make your reservation, call the hotel and ask for the Texas Chapter ASFMRA block to guarantee the discounted rate.
The course will be held at the Texas Tech University Center at Junction which is a short drive from the hotel located on the South Llano River.
Junction, TX is located 2 hours from the Austin-Bergstrom (AUS) airport and 1.5 hours from the San Antonio International (SAT) airport. Closer to the event, details will be shared for finding others to ride share.
For More Information
Course and Travel Details: Carmen Bierschwale | 325.446.3052 | email@example.com
Registration: Deanna Ilk | 303.692.1222 | firstname.lastname@example.org