Online 60-Hour Basic Appraisal Principles and Basic Appraisal Procedures Package
Online Discounted Package: 15% Off
• Basic Appraisal Principles
• Basic Appraisal Procedures
• Basic Appraisal Principles
• Basic Appraisal Procedures
Who Should Enroll
- Beginning real property appraisers
- Real estate professionals
- Users of appraisal services
- College students
- Accountants
Course Offerings
| Sponsor | Date | Location | Format | ||
|---|---|---|---|---|---|
| Appraisal Institute | On Demand | Online | View Details | Register |
Course Objectives
- Recognize the components of ethical and competent appraisal practice.
- Recognize the distinctive differences among land, real property, real estate, and personal property.
- Recognize and identify the three major land description systems.
- Recognize the major components that appear in all definitions of market value.
- Recognize the definitions of the economic principles of change, anticipation, supply and demand, competition, substitution,
- balance, externalities, and highest and best use.
- Solve basic real estate math problems in fractions, decimals, and percentages.
- Solve for mean, median, and mode.
- Use a financial calculator to perform mortgage calculations and to solve problems in simple and compound interest.
- Recognize the definitions of appraisal practice, valuation services, appraisal review, and other key terms.
- Identify the basic components in the appraiser’s scope of work decision.
- 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.