Fundamentals of Income Property Valuation I is a text-based web-based course that introduces the discipline of real estate appraisal and the techniques involved in estimating the value of property.

The course readings are from the accompanying required text, Income Property Valuation, 2nd Edition written by Jeffrey D. Fisher and Robert S. Martin. In Chapters 1 - 10, the course examines such topics as appraisal principles, the market area and neighborhood analysis, the income capitalization approach, the sales comparison approach, and site valuation.

You will need a calculator for this course.

Course Outline:

Lesson 1 (Chapters 1 and 2)

• Chapter 1 - Income to Income Property Valuation
• Chapter 2 - Appraisal Principles and Highest and Best Use

Lesson 2 (Chapters 3 and 4)

• Chapter 3 - Market Area and Neighborhood Analysis
• Chapter 4 - Compound Interest and Discount Factors

Lesson 3 (Chapters 5 and 6)

• Chapter 3 - Market Area and Neighborhood Analysis
• Chapter 4 - Compound Interest and Discount Factors

Lesson 4 (Chapters 7 and 8)

• Chapter 7 - Income Capitalization Approach
• Chapter 8 - Sales Comparison Approach

Lesson 5 (Chapters 9 and 10)

• Chapter 9 - Site and Improvements Description and Analysis
• Chapter 10 - Site Valuation

Course Credit:
Completion of this course earns five points toward MBA's Certified Mortgage Banker (CMB) designation.