Appraiser’s Guide to the Income Approach

Learn how to convert income or potential income into an indication of market value.

Monday and Tuesday, February 27th & 28th 10AM – 1:30PM CT each day

Session 1: Monday, February 27th | 10AM-1:30PM CT
Session 2: Tuesday, February 28th |10AM-1:30PM CT

Register for Monday and Tuesday, February 27th & 28th

7 HOURS

$155.95

Certified for 7 hours of continuing education in AL, AR, AZ, CA, CO, FL, GA, HI, IL, IN, KS, KY, LA, MD, MI, MN, MO, MS, NM, NV, NJ, NC, NY, OH, OK, OR, PA, SC, TN, TX, UT, VA, WA & WI.

 More state approvals coming soon!

 If you don’t see your state listed, CLICK HERE to send an email to our education director, Ben Maxwell, and request approval. 

Refund/Cancellation Policy: Cancellations require written advance notice. Refunds will only be given if request is made 24 hours prior to the start of class.

System Requirements:

  • This class is offered via Zoom meeting. Computer Audio, Video and a reliable internet connection are required. We must be able to see and hear you on camera. This is a state requirement for CE.
  • We recommend testing your computer video and audio prior to class day by opening a practice meeting on https://zoom.us/test.
*KNOW YOUR TIME ZONE: We’re on CENTRAL TIME, and class starts at 10AM CT sharp!
If you are on Pacific Time, Class is from 8am-11:30am PT (doors open at 7am).
If you are on Mountain Time, Class is from 9am-12:30pm MT (doors open at 8am).
If you are on Central Time, Class is from 10am-1:30pm CT (doors open at 9am).
If you are on Eastern Time, Class is from 11am-2:30pm ET (doors open at 10am).

AL – Course #C02715

AZ – Course #0821-0000022

AR – Approved

CO – Approved

CA – Course #2110501025

FL – Course #3537

GA – Course #72949

HI – Course #22-142

IL – 575.010605

IN – Approved

KS – 372.C22.N

KY – Approved

LA – Approved

MD – Approved

MI – Course #2306

MI – Course #1034171

MO – Approved

MS – Course #50340

NM – Course #4140

NV – Course #CE.0009542-A

NJ – Course #2021-206

NC – Course #4452

NY – Course #A5535-07

OH – Course #Q04300108A 21

OK – Course #909

OR – Course #APEL-C-0921-0026

PA – Approved

SC – Course #AC.1969

TN – Course #2441

TX – Course #41875

UT – Course #AC220617

VA – Approved

WA – Course #A21222439

WI – Course #4377

Course Description

This course examines one of the traditional methods of developing an opinion of value, the income approach. Appraisers will learn how to convert income or potential income into an indication of market value.

Topics Explored:

• When is the Income Approach Applicable?
• How Does USPAP Apply?
• 2-4 Family
• Contract and Market Rent
• GRM – Gross Rent Multiplier and GIM – Gross Income Multiplier
• Income vs Rent
• Examining Market Data
• Comparable Rentals
• Developing GRM and GIM
• Direct Cap Approach
• PGI
• Expenses
• Cap Rate and Applying the Cap Rate
• Extracting Market Data
• Extracting Collection and Vacancy Rates
• Developing Cap Rates
• Reconciliation

Course Reviews

See what students are saying

One of the best courses taken, mostly due to Bryan being an engaging speaker. Have had a couple where the presenter was most effective at putting me to sleep.

The course exceeded my expectations. I found it to be very informative and expanded many of the items in USPAP. I would recommend it to other appraisers.

Very Good – Lots of meaningful issues were pointed out with good examples.

Very good, well presented and the instructor was very knowledgeable of the subject

Better than McKissick. Great course with good material

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Course Author

Bryan Reynolds

Bryan S. Reynolds, CDEI™ is a KY/TN Certified General Real Property Appraiser, a registered agent with the TN State Board of Equalization and an AQB Certified USPAP Instructor. He has testified and appeared in various courts, planning and zoning boards as both an expert and as an agent making valuation arguments before local and state hearing officials and Administrated Law Judges. Reynolds is the owner of Bryan S. Reynolds & Associates, Reynolds Appraisal Service and a partner in Appraiser eLearning, www.appraiserelearning.com. He provides residential and commercial valuation services throughout the region and various educational offerings, mentoring, consulting and litigation support services throughout the country as well as being available for lectures and is well known for his Think Outside the “Check” Box approach.

AQB Certified USPAP Instructor
Certified General Real Property Appraiser
Consultant
Litigation Valuation Expert
FHA Lender Selection Roster Appraiser
Expert Witness

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