COURSE DESCRIPTION
Real Estate Appraisal Procedures for CA Appraisers – 30 Hours
- Price: $125
- Availability: Coming soon in 2024
This in-depth course focuses on basic appraisal procedures and is a natural progression from the Basic Appraisal Principles course, which should be completed prior to this course. It is designed to meet the criteria for introductory courses required to become a Real Property Appraiser Trainee. This course is also a standard requirement for all levels of licensing and certification for real property appraisers.
Course Overview:
- Valuation Procedures: This section outlines the procedures to be followed when appraising any type of property, including defining the problem, collecting and selecting data, analyzing data, reconciliation and final value opinion, and communicating the appraisal.
- Scope of Work: This part defines and illustrates the scope of work in the appraisal process, emphasizing its importance.
- Data Sources: This segment presents the sources of information used in the appraisal process.
- Geographic and Geologic Characteristics: This section covers the geographic and geologic characteristics of the land/site.
- Location and Neighborhood Characteristics: This part discusses the characteristics of the location and neighborhood.
- Housing Styles and Construction Basics: This segment illustrates various housing styles and basic construction principles.
- Approaches to Value: This section provides an overview and introduction to the three approaches to value: the cost approach, sales comparison approach, and income capitalization approach.
- Cost Approach Elements: This part discusses and illustrates the three elements of the cost approach: site valuation, estimating reproduction/replacement cost, and estimating depreciation.
- Sales Comparison and Income Capitalization Approaches: This segment presents the sales comparison approach and income capitalization approach, supplemented with appropriate examples.
- Reconciliation and Report Writing: The final chapter covers the reconciliation process and report writing techniques.
The course concludes with a mandatory three-hour examination that must be taken in a monitored classroom setting. This examination ensures the integrity of the learning process and assesses the comprehension of the course material.
CERTIFICATION
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LEARNING OUTCOMES
The learning outcomes of the “Real Estate Appraisal Procedures for CA Appraisers – 30 Hours” course are as follows:
- Understanding Valuation Procedures: Gain knowledge of the procedures to be followed when appraising any type of property, including defining the problem, collecting and selecting data, analyzing data, reconciliation and final value opinion, and communicating the appraisal.
- Comprehending the Scope of Work: Understand the definition and significance of the scope of work in the appraisal process.
- Identifying Data Sources: Learn about the sources of information used in the appraisal process.
- Recognizing Geographic and Geologic Characteristics: Understand the geographic and geologic characteristics of the land/site.
- Understanding Location and Neighborhood Characteristics: Gain knowledge of the characteristics of the location and neighborhood.
- Identifying Housing Styles and Construction Basics: Learn about various housing styles and basic construction principles.
- Understanding Approaches to Value: Gain an understanding of the three approaches to value: the cost approach, sales comparison approach, and income capitalization approach.
- Understanding Cost Approach Elements: Learn about the three elements of the cost approach: site valuation, estimating reproduction/replacement cost, and estimating depreciation.
- Understanding Sales Comparison and Income Capitalization Approaches: Gain knowledge of the sales comparison approach and income capitalization approach.
- Mastering Reconciliation and Report Writing: Learn about the reconciliation process and report writing techniques.
By the end of this course, participants should have a solid understanding of basic appraisal procedures, preparing them for more advanced studies and professional practice in real estate appraisal. This course is an essential step for those aspiring to become proficient and certified appraisers.
Course Features
- Lecture 0
- Quiz 0
- Duration 30 Hours
- Skill level All levels
- Language English
- Students 0
- Assessments Yes
