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. The course then provides a thorough, detailed analysis of gross income, including leases and the various expenses appropriately deducted from gross income, with realistic case studies involving several income property types. Direct capitalization is presented using overall capitalization rates, band of investment, and residual techniques. Substantial class time is devoted to practicing the concepts taught to prepare participants for the exam. Read more information about the course here.  

Qualifying Education Credit: NC Appraisal Board Approved for 27 Hours (Course Only); 30 Hours (Course & Exam)  

*Students seeking credit for this course from a state other than North Carolina are responsible for confirming with that state’s licensing board that this course will be accepted. The North Carolina Chapter recommends students check before registering*  

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About the Instructor:
Larry T. Wright, MAI, SRA, AI-GRS

Larry T. Wright, MAI, SRA, AI-GRS, has been a real estate appraiser since 1973. He graduated from the University of Oklahoma with a bachelor of science degree in mathematics. During his career as an appraiser, he has been appraising various individuals, corporations, and government entities such as the federal government, the State of Texas, Harris County, and the City of Houston. The primary focus of his practice has been litigation related to eminent domain, title insurance, estate tax, property tax, divorce, bankruptcy, errors and omissions cases involving appraisers, real estate agents and brokers, mortgage fraud, and cases involving builder and developer defects. Since 1997, he has been an approved instructor for the Appraisal Institute. While still consulting, his current endeavors have concentrated on teaching, writing seminars, and aiding in the writing or reviewing Appraisal Institute courses and seminars. He also holds a teaching position with the C. T. Bauer College of Business Real Estate Program at the University of Houston, lecturing about market analysis and valuation.