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.  

Course Number:


Course Title:

Principles of Real Estate Appraisal

Course Level:


Course Length:

2 days – 8 AM to 5 PM Daily

IRWA Credits:

16 QEU / CEU

AQB Credits:


Not applicable



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.


  • 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.


  • 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
  • Financial calculator
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.

Register for this class today

Classroom Based Education

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