This course demonstrates how to apply the valuation methods taught in earlier courses to small and mid-sized apartment properties. Participants learn the importance of sound market analysis and how to select the most suitable valuation approaches for each assignment, with emphasis on direct income capitalization. The course material is packed with sources of electronic and conventionally published data on rents, occupancy by market area, and investor expectations as well as pointers on appraisal reporting.
An in-depth case study focuses on a fictional appraisal with a "story" including descriptions, data, interpretation, analysis, application, and conclusions. This case provides an opportunity to see the errors of omission and commission that can, and have, occurred. Small errors often lead to bigger ones and ultimately erroneous conclusions about value. This brings together the concepts covered in this 15-hour course, with additional 1 hour exam.
Do I have to take the course exam?
You are required to complete and pass a proctored offline exam if:
You may be required to complete and pass a proctored offline exam if:
You are not required to complete and pass a proctored offline exam if:
Who Should Enroll
General appraisers and residential appraisers with an interest in this property type.