Certified for 7 hours of continuing education in AL, AR, AZ, CA, CO, FL, GA, HI, KY, LA, MD, MI, MS, NV, NJ, NC, OH, OK, OR, SC, TN, TX, UT, VA & WA.
Pending approval in 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:
AL – Course #C02715
AZ – Course #0821-0000022
AR – Approved
CO – Approved
CA – Course #2110501025
FL – Course #3537
GA – Course #72949
HI – Course #22-142
KY – Approved
LA – Approved
MD – Approved
MI – Course #2306
MS – Course #50340
NV – Course #CE.0009542-A
NJ – Course #2021-206
NC – Course #4452
OH – Course #Q04200108A 21
OK – Course #909
OR – Course #APEL-C-0921-0026
SC – Course #AC.1969
TN – Course #2441
TX – Course #41875
UT – Course #AC220617
VA – Approved
WA – Course #A21222439
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.
• 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
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Course Author
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
Advanced Appraisal Review
