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IAAO Course 112

April 27, 2020 - May 1, 2020


April 27, 2020 - May 1, 2020

11:37 am to 4:30 pm


Staybridge Suites Mt. Juliet 69 Belinda Parkway Mount Juliet, TN 37122 Phone: 615.754.2111


Lodging Information

Tuition: $355

Instructor: Bill Gibbs, CAE
(IAAO course instructors are IAAO certified.)

This course is an intermediate level course designed for the practicing appraiser and builds on IAAO Course 102 training. An understanding of the income approach to value and practical experience with income capitalization are essential prerequisites. Problem solving requires a calculator with a power key. This course makes extensive use of financial compounding and discounting techniques. Emphasis is on developing financial factors by way of electronic devices with slight references to pre-printed tables. Forecasting income patterns and property value changes are prominent variables used in estimating present values. Formula driven models are the primary appraisal tools. Market value estimates through yield capitalization are the principal focus of the course. Recommended: Course 101, Course 102. Recommended textbook: Property Assessment Valuation (PAV) (3rd edition)

Textbooks are not required for IAAO courses. If you already have a textbook, bring it to class, you will NOT be provided with a new one. Textbooks may be purchased thru the IAAO store at

Paper, pencils and a silent, battery‐operated calculator are required. Students must be familiar with their calculator's operation before the course begins. (HP 12C preferred for all courses) Note: Mobile phones may not be used during the examination.

Monday 8:00 – 4:30 Registration‐Class
Tuesday‐Thursday 8:00 – 4:30 Class
Friday 8:00 – 12:00 Review/Exam
(Subject to change at the discretion of the instructor.)

Tuition & Registration Information

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