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.

Qualifying Education (QE) Credit
This course has been approved for 30 credit hours by the NC Appraisal Board.

Instructor: Gary Taylor, MAI, SRA

Gary P. Taylor, MAI, SRA, served as president of the Appraisal Institute in 2004. He has served in a variety of education- and publication-related positions for the Appraisal Institute, including membership on the Curriculum Committee and the Advisory Committee for the Center for Advanced Real Estate Analysis. Previously he had chaired the Curriculum, Education and Faculty committees, and been a member of the Publications, Education Coordination and Education committees. Taylor was also a member of the Residential Appraisal Board from 1992-1995 and served as Long Island Chapter president in 1992, having served as its executive vice president in 1991. Read more.