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Principles of Real Estate Appraisal
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
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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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Course Length:
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2 days – 8 AM to 5 PM Daily
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IRWA Credits:
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16 QEU / CEU
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AQB Credits:
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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.
At the conclusion of this two-day course, participants 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
- Industry: A core course that is required for all 4 pathways in the RWP program.
- Specialist: Required course for the R/W-AC and R/W-URAC programs.
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
- USPAP Text
Required 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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