IAAO 102: Income Approach to Valuation

  • Chapel Hill, NC
    This course is also available online.

The Income Approach to Valuation is designed to provide the students with an understanding and working knowledge of the procedures and techniques required to estimate the market value of vacant or improved properties by the income approach. The material covers real estate finance and investment, capitalization methods and techniques, analysis of income and expenses to estimate operating income, selection of capitalization rates, and application of the approach. The Income Approach to Valuation utilizes lectures, classroom discussion, and homework problems to emphasize the main concepts and procedures taught in the course.

Logistics: 

  • This class is being offered as hybrid (meaning in-person and virtual at the same time). Note the class could move to all virtual depending on certain factors. 
  • Fee is $565 and includes the Student Reference Manual. Look for registration to open late spring 
  • Materials: IAAO will send instructions on how to access the electronic version of their Student Reference Manual (SRM) to all online and in-person registrants about 1 week prior to class (Materials are provided only electronically) 
  • Food and Beverage for In-person: Only beverages are provided. Meals are own your own
  • Class is from 8:30am – 5:00pm 
  • Exam: Discussed at the beginning of the first day of class.
  • Class: instructions for virtual and in-person attendees will be sent closer to the first day of class 
  • Access to a web‐camera and a microphone is REQUIRED for virtual attendees

Pre-requisites: IAAO 101: Fundamentals of Real Property Appraisal is recommended but not required. For more information on IAAO 101, visit https://www.sog.unc.edu/courses/iaao-101-fundamentals-real-property-appraisal

IAAO courses are offered by the Property Tax Education Partnership, a collaboration between the UNC School of Government and the NC Department of Revenue.  Please refer to the PTEP Education Calendar for course information.

Questions about the curriculum should be directed to UNC School of Government faculty lead, Kirk Boone, at (919)962.7434. For questions regarding certifications and CE, please see below.  

Certification and Continuing Education Information:

NCDOR Certifications: SOG courses qualify for mandatory Assessor and Appraiser certification and continuing education requirements (CE), as well as the optional Level II and III appraiser certifications and CE, as described: HERE.

IAAO Designations: This course meets a requirement for the following IAAO designations: CAE, RES, AAS, PPS, MAS.  Please click HERE for more information on IAAO designations. This and all IAAO courses taught by SOG qualify for IAAO CE. IAAO requires a course transcript with classroom hours as well as the course certificate for IAAO CE. 

NCAB CE: This course qualifies for 30.0 CE credits with the NCAB.

More information on NCAAO, NCTCA and other certifications and designations is available in this School of Government Blog: HERE.

CE hours: 30.0 with no exam, 33.5 with the exam 

  • Chapel Hill, NC
    This course is also available online.
    August 8 - 12, 2022
    UNC School of Government

    Chapel Hill, NC 27514
    View Cancellation Policy
    Course participants who cancel their registration on or before July 31, 2022 will receive a full refund. No refund will be made for cancellations on or after August 01, 2022, but you will receive a transferrable credit to be used within 12 months. Click here to view the School’s full cancellation and refund policy.

    Registration will open late spring 

    $565.00
    Registration and payment for this course grants access for a single attendee. In order to register a group of attendees, please register each person individually. If you have questions, please contact our registration office at registration@sog.unc.edu or 919.966.4414.

Materials: 

  • IAAO will send instructions on how to access the electonic version of the Student Reference Manual (SRM) to all online and in-person registrants about a week prior to class. This SRM is included with your tuition and will be used in class. The SRM is provided by IAAO. 
  • Optional Reference Material: Property Assessment Valuation (PAV)  (3rd edition) is not required but is very useful. You may purchase this directly from IAAO by visiting https://www.iaao.org/Store/detail.aspx?id=BK0097

Logistics: 

  • This class is being offered as hybrid (meaning in-person and virtual at the same time). Note the class could move to all virtual depending on certain factors. 
  • Fee is $565 and includes the Student Reference Manual. Look for registration to open late spring 
  • Food and Beverage for In-person: Only beverages are provided. Meals are own your own
  • Class is from 8:30am – 5:00pm 
  • Exam: Discussed at the beginning of the first day of class.
  • Class: instructions for virtual and in-person attendees will be sent closer to the first day of class 
  • Access to a web‐camera and a microphone is REQUIRED for virtual attendees

 

 

 



For all registration questions, resetting passwords, or login issues please contact:

Dale Zuckert

Assistant Registrar
919.966.4414
For questions regarding course details, including location, schedule, materials, and continuing education credits, please contact:

Susan Hutchinson

Program Manager, Local and State Government Group
919.966.4171
Teaching Assistant Professor in Public Finance and Government