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Introduction to the Income Capitalization Approach (Online)
402 – Introduction to the Income Capitalization Approach: An introduction to the direct/income capitalization approach to appraisal, and how to apply the approach in a variety of situations.
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Course Number:
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C402 Online
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Course Title:
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Introduction to the Income Capitalization Approach
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Course Level:
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Beginning
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IRWA Credits:
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8 QEU / CEU
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Prerequisites:
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Not applicable
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Course Description
This course introduces income capitalization approach, which is a method of evaluating an investment by estimating future cash flows and taking into consideration the time value of money. This approach is presented in a concise, easy-to-understand format using examples and case studies to teach participants how to apply income capitalization in a variety of situations.
Credentialing
- A beginning level course that can be applied towards continuing education and recertification credit.
- Specialist: An elective for the R/W-AC program.
Topics
- The relationship between the Valuation Process and the Income Capitalization Approach
- The applicability and reliability of the approach
- The characteristics of Direct and Yield Capitalization
- The components of Direct Capitalization (determining gross income, estimating vacancy and credit loss, calculating effective gross income, estimating expense and estimating value)
- Capitalization Rate Development
- Determining Just Compensation
Course Tuition includes
- Participant Manual (in PDF format available for download at completion of course)
Recommended Material
Who should take this course
This course is designed for right of way professionals who are in the appraisal field.
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