 
Trans-American Institute of Professional Studies, Inc.
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Course #AP211:Small Residential Income Property Appraisal: (15 Hours Qualifying Education - Tested)This 2-day qualifying education course focuses on the valuation of two- to four-family residential properties emphasizing the application of the Income Approach to Value. The discussion will explore the application of fundamental appraisal principles to income property appraisal and the techniques utilized in developing the appraisal. The course includes an introduction to the six functions of a dollar and direct capitalization. This is followed by a review of the most common reporting vehicle, the Small Residential Income Property Appraisal Report (SRIPAR-Fannie Mae Form 1025/Freddie Mac Form 72 revised March 2005). The Operating Income Statement (Fannie Mae Form 216/Freddie Mac Form 998) will also be covered. Course Objective: To provide a foundation in the proper application of the approaches to value and reporting techniques as applied to small residential income properties. Prerequisites: AP105, AP106, and AP107 or their equivalents. Approved in Arizona (ABA #0805-469) This course meets the new qualifying education criteria for the State of Iowa Approved in New Hampshire for 15 hours of qualifying and continuing education Nebraska approval #090601 This course is accepted by reciprocity in Wyoming and Kansas |
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