| | Searching Current Courses For Fall 2016 |
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Course: |
REE 121
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Title: | Basic Appraisal Procedures |
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Long Title: | Basic Appraisal Procedures |
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Course Description: | Offers the second half of the Real Estate Appraisal Course. Provides basic valuation procedures and concepts for the trainee level of appraisal also known as the registered appraiser. The course provides a basic understanding of real estate property characteristics and description, and the |
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Min Credit: | 2 |
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Max Credit: | |
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Course Notes: | Entered new course 3/6/06 s@ |
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Origin Notes: | EGOS |
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STANDARD COMPETENCIES:
I. Properly identify specific real property.
II. Develop and explain a highest and best use analysis.
III. Develop and explain geographic and .
IV. Apply the techniques of the cost, sales comparison, and income approaches to value for residential property.
V. Reconcile the value indicators into a final value estimate.
VI. Communicate the appraisal outcome correctly.
VII. Understand and use appraisal math and statistics
TOPICAL OUTLINE:
I. Overview of Approaches to Value
II. Valuation Procedures
A. Defining the problems
B. Collecting and selecting data
C. Analyzing
D. Reconciling and final value opinion
E. Communicating the Appraisal
III. Property Description
A. Geographic characteristics of the land/site
B. Geologic characteristics of the land/site
C. Location and neighborhood characteristics
D. Land/site considerations for highest and best use.
E. Improvements-Architectural styles and types of construction.
IV. Residential Applications.
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