AP415 – General Appraiser Income Approach – Part I
Developed by the Appraisal Institute
30 Hours QE
After a brief review and introduction, General Appraiser Income Approach/Part 1 opens with a graphic treatment of the time value of money, the six financial functions of a dollar, and important associated concepts. A thorough, detailed analysis of gross income including leases and the various expenses appropriately deducted from gross income follows, with realistic case studies of several income property types. Direct capitalization is then presented using overall capitalization rates, band of investment, and residual techniques. Substantial class time is devoted to practicing the taught concepts to prepare participant for the exam.
Prerequisite: AP101, AP102, AP103
Course fee: $725.00
NE Course #1171409.09Enrollment Form