Residential Sales Comparison and Income Approaches (R-9) COURSE DESCRIPTION This 30-hour course is part of the Residential Appraisal Certification series. These courses must be taken in sequence. It is part of the NYS Appraisal Licensure Certification Requirement. PREREQUISITES Basic Appraisal Principles (R-5) Basic Appraisal Procedures (R-6) Residential Market Analysis and Highest and Best Use (R-7) Residential Appraiser Site Valuation and Cost Approach (R-8) COURSE OUTLINE Program Overview - The following topics will be covered: Valuation Principles and Procedures - Sales Comparison Approach Valuation Principles and Procedures - Income Approach Finance and Cash Equivalency Financial Calculator Introduction Identification, Derivation and Measurement of Adjustments Gross Rent Multipliers Partial Interests Reconciliation Case Studies and Applications