Basic Appraisal Procedures

• Identify the eight steps of the valuation process.
• Identify the basic components and processes used to derive a value indication when performing the income capitalization approach.
• Identify the six procedures for analyzing land or site value.
• Identify the three cost-estimating methods used by appraisers.
• Apply component costs to estimate the cost of residential building improvements.
• Identify typical elements of comparison used in the sales comparison approach.
• Analyze sales to select appropriate comparable properties.
• Derive adjustments using paired sales analysis.
• Reconcile the indicated values derived in the sales comparison approach to a single point value opinion.
• Recognize the types of reports used to communicate an appraisal analysis.

Program Overview:

Online Syllabus

Assignments:

Equipment:

• A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
• You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.
• For more information and a free review, click here.
• For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.
• HP-12C calculator User’s Manual.

Additional Information:

Requirements:
Live Online Education FAQ

Basic Appraisal Principles

• The Appraisal of Real Estate, 15th ed.
• The Dictionary of Real Estate Appraisal, 7th ed.
  
• Residential Property Appraisal