STANDARD COMPETENCIES:

 

 I.      Demonstrate a basic knowledge of the rules of the Colorado Board of Real Estate Appraisals as adopted June 14, 1996.

 II.     Display a knowledge of the appraisal profession.

 III.    Define the real estate market place.

 IV.     Discuss the appraisal process.

 V.      Explain the data collecting process.

 VI.     Display a basic knowledge of the residential construction process and details.

 VII.    Demonstrate the sales comparison approach to appraisal.

 VIII.   Demonstrate an ability to complete a site valuation.

 IX.     Explain the income capitalization approach to appraisal.

 X       Explain and define the reconciliation and the appraisal report.

 XI.     Display a basic knowledge of appraisal math and statistics.

 TOPICAL OUTLINE:

 

 I.      Introduction to Appraisal and Appraising

 II.     Principles of Appraising

 III.    The Real Estate Marketplace

 IV.     Appraisal Process

 V.      Building Construction

 VI.     Data Collection

 VII.    Site Valuation

 VIII.   Cost Approach

 IX.     Cost Approach-Depreciation

 X       Sales Comparison Approach, SCA

 XI.     Income Approach, IA

 XII.    Professional Standards and Ethics

 XIII.   Reconciliation and the Appraisal Report

 XIV.    Partial Interests