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Residential Income Approach
30-hr Appraisal Pre-License Course
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This is an overview course for appraisers and covers all aspects of valuation procedures for non-residential properties. The course provides a practical solution for estimating value by an in-depth study of appraisal theory and the development of advanced valuation skills. It presumes a prior knowledge of appraisal principles and focuses on applying them in appraising non-residential and income-producing properties. This course is approved to meet the 2008 Appraiser Qualification Criteria.
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The first section includes the valuation process, with particular emphasis on recent USPAP interpretations of scope of work and examples of highest and best use. Six methods of land valuation are illustrated. Covered next are cost estimates, depreciation and application of the cost approach. In the sales comparison approach section, topics explored include units of comparison, elements of comparison, cash equivalency, making adjustments and application of the approach.
The income capitalization approach section includes income and expense estimates, capitalization rates, direct capitalization, income multipliers and application of the approach. The last section encompasses reconciliation and the final opinion of value. There are numerous examples and case studies throughout the course. Participants will be able to practice these procedures with numerous in-class exercises and problems
This course is offered in association with McKissock Appraisal School, but you MUST click the link below to be eligible for all of the additional bonus materials included exclusively from Real Estate School Online.
When you click the orange button, you will need to check the boxes for the courses you would like, and click the "Enroll" button. On the next page, you will need to click the "Register" link from the right side as a new user to create an account and begin your course.
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Sale Price: $409.00 $459.00 |
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Syllabus:
Students will be able to recognize, calculate, and apply different ratios and multipliers
Students will be able to define and give examples of elements of a lease
Students will be able to define and give examples of elements of rent
Students will be able to define and analyze the different
Students will be able to define and recognize different kinds of property expenses
Students will be able to define and differentiate types of property expenses
Students will be able to recognize and list the proper format of an income and expense statement and be able to point out items that should not be
Students will be able to recognize and correctly apply standard techniques in preparing an income and expense statement
Students will become familiar with definitions and principles of income capitalization
Students will become familiar with the processes of compounding and discounting
Students will be able to demonstrate familiarity with the band of investment and debt coverage ratio methods
Students will be able to apply the income capitalization techniques to real world problems. They will be able to follow the procedures and process the results
Students will be able to delineate the steps in the reconciliation process and arrive at an appropriately supported opinion of value |
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