Principles of Real Estate Appraisal – Canadian

400C – Principles of Real Estate Appraisal - Canadian: An introduction to the principles of real estate and real property valuation combining theory, case studies and problem-solving.

Course Number: C400C
Course Title: Principles of Real Estate Appraisal – Canadian
Course Level: Core
IRWA Credits: 16 QEU / CEU
AQB Credits: Non Applicable

Not applicable


Course Description

This two-day, beginning-level course introduces the valuation process, basic terminology, and three approaches used to develop real estate value opinions. 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 that show an understanding of the three approaches to value.


  • New SR/WA: A core course that is required for the RWP certification.
  • Industry: A core course that is required for all 4 pathways for the RWP certification.
  • Specialist: A core course that is required for the R/W-AC certification.


  • Types and uses of appraisal
  • 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
    • Canadian USPAP (the "Standards")
    Required Material
    • Financial calculator

    Required Material

    Non Applicable

    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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