 
Trans-American Institute of Professional Studies, Inc.
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Course #AP212:Small Residential Income Property Appraisal: (21 Hours Qualifying Education - Tested)This 3-day qualifying education course focuses on the valuation of two- to four-family residential properties emphasizing the application of the Income Approach to Value. The discussion will explore the application of fundamental appraisal principles to income property appraisal and the techniques utilized in developing the appraisal. The course includes an introduction to the six functions of a dollar and direct capitalization. This is followed by a detailed study of the most common reporting vehicle, the Small Residential Income Property Appraisal Report (SRIPAR-Fannie Mae Form 1025/Freddie Mac Form 72 revised March 2005). The Operating Income Statement (Fannie Mae Form 216/Freddie Mac Form 998) and the Single Family Comparable Rent Schedule will also be covered. Course Objective: To provide a foundation in the proper application of the approaches to value and reporting techniques as applied to small residential income properties. Prerequisites: AP105, AP106, and AP107 or their equivalents This course is intended to meet the 20-hour elective requirement for Certified Residential Real Property Appraiser as established in the 2008 AQB Criteria. Approved in Arizona for 21 hours of Qualifying and Continuing Education (ABA#0306-512-10) This course meets the new qualifying education criteria for the State of Iowa Nebraska approval #Q20604 South Dakota approval #SD 405 |
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