Real Estate Exam [National] 28, Income Approach Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • How to apply the IRV formula to solve for value, rate, or income • The essential steps to calculate Net Operating Income from Potential Gross Income • Why debt service and depreciation are strictly excluded from operating expenses • The inverse relationship between capitalization rates and property market value • How to distinguish between the Income Approach and the Gross Rent Multiplier For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep