RES E01 Residential Sales Comparison & Income Approach (2 AEC)

For those intending to seek an Illinois Certified Residential Appraiser license, this class provides 30 hours of instruction and fulfills the requirements of IDFPR’s ILR6-08 course. The course includes the valuation principles and procedures applicable to both the sales comparison and income approaches. With the aid of case studies, students will develop and apply the techniques for market analysis, including the application and use of matched pairs, capitalization rates and gross rental multipliers. Students will learn how to apply and defend the rationale behind market adjustments. Discussions included consist of cash and finance equivalency, current Fannie Mae and Freddie Mac Guidelines and relevant USPAP requirements. A combination of theory and hands-on examples provide practical applications of real estate appraisal procedures. An HP 12C calculator is recommended.