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.


AI CE Credit

For General:

  1. Attend and Pass Exam = 200 Points
  2. Attendance Only = 150 Points
  3. Pass Exam Only = 150 Points

For Residential:

  1. Attend and Pass Exam = 225 Points
  2. Attendance Only = 175 Points
  3. Pass Exam Only = 200 Points

Type of Program

Qualifying Education


Basic Appraisal Principles
Basic Appraisal Procedures

Attendance Hours: 27
Exam Hours: 3
State Approvals: Search by State
Number of Components: 2
Total Number of Pages: 491
Level: Basic/Intermediate
Type: General
For Further Reading:

The Appraisal of Real Estate, 14th ed.

Capitalization Theory and Techniques Study Guide, Third Edition

Mathematics for Real Estate Appraisers

Rates and Ratios Used in the Income Capitalization Approach