Texas Chapter | Income Approach for General Appraisers, Part I (A303)

When:  Aug 8, 2022
Associated with  Texas Chapter of ASFMRA

Texas Chapter | Income Approach for General Appraisers, Part I (A303) | August, 8-11, 2022

Registration Information:



Income Approach for General Appraisers, Part I (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, ASFMRA Appraisal of Real Estate, Fifteenth Edition; Dictionary of Real Estate Appraisal, Sixth 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

For questions about approvals, contact Deanna Ilk at dilk@asfmra.org or 303-692-1222


Justin Bierschwale, ARA; JoAnn Wall, ARA; Mark Lewis, ARA, RPRA

Educational Facility:

Junction First Presbyterian Church Fellowship Hall | 201 S 11th Street, Junction, TX 76849

The Fellowship Hall has been renovated to include audio/visual technology. It is separate from the church sanctuary. You will NOT feel like you are in a church environment. There is a full kitchen which we will use to provide breakfast, coffee, lunch and refreshments throughout the day. Meals are included in the registration fee.

Hotel Accommodations and Travel Arrangements

Holiday Inn Express & Suites

304 Dos Rios Drive

Junction, TX 76849

To make a reservation, call (325) 215-4377 and ask for the “Texas Chapter ASFMRA” hotel block. The group rate is $109/night plus fees.

The “Meeting Room” on the Lobby Level will be available to the Texas Chapter all week. During the evenings, enjoy complimentary drinks and snacks.

For More Information
Meeting: Carmen Bierschwale | 325-446-6169 | ckbierschwale@gmail.com

Registration: Deanna Ilk | 303-692-1222 | dilk@asfmra.org


First Presbyterian Church, Junction Fellowship Hall
201 S 11th Street
Junction, TX 76849