(NERI-CC-05)Income Property Appraisal Course (Exploratory)

Dates & Times:

Income Property Appraisal Course (Exploratory)


Eighteen lessons plus final exam. Complete at your own pace (Maximum time to complete course and be eligible for final exam and grade is 90 days).

This course is not approved for state pre-licensing requirements.

  • Introduction to Income Property Valuation
  • Appraisal Principles & Process
  • Market Area & Neighborhood Analysis
  • Site & Improvement Analysis
  • Income Approach
  • Compound Interest & Discount Factor
  • Cash Flow Forecasting
  • Investment Return Calculations
  • Valuation of Income Properties
  • Investment Measures with Mortgage Financing
  • Valuation of Mortgage & Equity Interests
  • Supporting the Discount Rate Selection
  • Leased Fee & Leasehold Valuation
  • Valuation with Nontypical Financing: Cash Equivalency
  • The Cost Approach: Site Valuation & Improvement Valuation
  • Highest & Best Use Analysis Applications

It is suggested the student complete the Residential Appraisal Course prior to taking this course.

General Info:

Correspondence students should complete at least 1 lesson every week and are required to complete the course within three months from enrollment date. For termination purposes, a student shall be deemed cancelled with no activity within a one-month period. An extension of up to 3 months may be made by special arrangements.

All tests required by each course or program shall be returned to the school, checked and results returned to the student. If any student is making unsatisfactory progress (i.e., below 70% average of the total program), they shall be notified by mail. The final grade for all courses shall be the average of the percentage grades of each test given during the program. This grade will be reported to student by mail.

Grading standards:

  • 90-100 = A
  • 80-89 = B
  • 70-79 = C
  • 70-100 = Pass
  • 0-69 = Fail


School policy dictates that correspondence courses be paid for by credit card, money order, or cashier’s check.

Personal checks will not be accepted for a correspondence course. If mailing in registration, complete order page, copy and mail with full payment to:

National Real Estate Institute
Cromwell Executive Center
75 Berlin Road Suite #103
Cromwell, CT 06416

or copy and paste completed order form to an e-mail.

Cancellation Policy:

Tuition refund only before classes start, minus 10% service charge.