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Principles of Real Estate Appraisal (Online)
400 – Principles of Real Estate Appraisal: An introduction to the principles of real estate and real property valuation combining theory, case studies and problem-solving.
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Course Number:
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C400 Online
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Course Title:
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Principles of Real Estate Appraisal
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Course Level:
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Core
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IRWA Credits:
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16 QEU / CEU
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Prerequisites:
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Not applicable
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Course Description
This course enables participants to demonstrate a basic knowledge of the valuation process and its components. Two case studies (residential and commercial) are utilized throughout the course.
After completing this online course, paticipants will be able to:
- Express an understanding of basic real estate terms and principles.
- Demonstrate a basic knowledge of the valuation process and its components.
- Discuss the definitions of, and steps in, each of the three approaches to value (cost, sales comparison and income capitalization).
- Solve problems which show an understanding of the three approaches to value.
Credentialing
- New SR/WA: A core course that is required for the RWP certification.
- Industry: A core course that is required for all 4 pathways in the RWP program.
- Specialist: Required course for the R/W-AC program.
Topics
- Types and Uses of Appraisals
- Types of Value
- Area and Site Analysis
- Highest and Best Use Analysis
- Sales Comparison Approach
- Reconciliation and Final Value Determination
- Introduction to Partial Acquisitions
- Economic Principles
- The Appraisal Process
- Market Analysis
- Cost Approach
Course Tuition includes
- Participant Manual (in PDF format available for download at completion of course)
Recommended Material
Who should take this course
This course is ideal for new appraisers, for individuals contemplating entering the appraisal field and for experienced appraisers in need of a refresher course.
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