This course will expand upon the IAAO 101 and IAAO 102 course curriculums. We will discuss the conceptual framework of industrial appraising via direct instruction and contextualized application relevant to commercial appraising. We will focus on single property versus mass appraisal, with an emphasis on components of the valuation process, the Income Approach to value, and reconciliation.

• Part 4: Rate Component We will examine the “Rate” component of the Income Approach.
• Part 5: Reconciliation We will continue our development of single property appraisal competency via an examination of the considerations necessary to reconcile a final value indication from the individual value indications derived by the various approaches.