REA-APP7201 - Basic Appraisal Principles
Course Description
Description:
Explore the appraisal process through discussion of appraisal principles and practical examples. This course meets the
pre-qualifying criteria, as established by the North Carolina Appraisal Board.
This is the first course in the appraisal pre-licensing series and must be taken first.
Course Outline
Method of instruction: Lecture
Course content:
1.The Appraiser and Public Trust
2. The Nature of Real Estate
3. Rights and Interests in Real Estate
4. Legal Description of Real Estate
5. Forms of Property Ownership
6. Controls of Ownership
7. Contracts, Leases, and Deeds
8. The Nature of Value
9. Market Value
10. Influences on Real Estate Values
11. Economic Principles
12. Applied Economics in Real Estate
13. Market Fundamentals
14. Real Estate Math Basics
15, Math Applications in Real Estate
16. Measurements and Statistics
17. Introduction to Financial Calculations
18.Time Value of Money Concepts
19. Analyzing Market Areas
20. The Nature of Appraisals
21. Appraisal Principles in Practice
22. Exam Content Review
Learner Outcomes
Course Objectives:
Upon completion of this course students will have basic knowledge of the concepts, characteristics and legal issues of
real property appraisal. They will have a better understanding of value and economics as well as ethical considerations
in appraisal.
Evalution:
Final Exam & Attendance Requirement: Students must make a grade of 80% or above on the Final Exam and attend
100% of the class to satisfactorily complete the course.