REA-APP7202 - Basic Appraisal Procedures
Course Description
Description:
Enhance your basic appraisal knowledge with the various approaches to property valuation through the practical
application of appraisal procedures. This course meets the pre-qualifying criteria, as established by the North Carolina
Appraisal Board.
Individuals aiming to become a Registered Trainee are required to complete the REA-APP 7201 Basic Appraisal Principles before enrolling in this course.
Course Outline
Method of instruction:
Lecture
Course content:
1.The Valuation Procedures
2. From Analysis to Solutions
3. Introduction to Income Capitalization
4. Income Capitalization Formulas
5. Income and Expense Analysis
6. application - Problem Solving
7. Construction and Design Basics
8. Introduction to the Cost Approach
9. Components in Cost Analysis
10. Estimating Cost - Complex Residential Example
11. Commercial Costs and Depreciation Basis
12. Applied Depreciation
13. Land or Site Valuation
14. Property Description
15. Sales Comparison Approach
16. Comparable Property Selection
17. Adjustments
18. Oak Street Case Study - Market Grid Application
19. Oak Street Case Study - Sales Comparison (Market Grid Application, cont.)
20. Reconciliation and Communication
21. Exam Contract Review
Learner Outcomes
Course Objectives:
Upon completion of this course students will be able to apply the principles and concepts learned in Basic Appraisal
Principles. The course will take you step-by-step through the valuation process including identifying the problem,
collecting and analyzing data, reaching a final opinion of value and communicating the appraisal.
Evaluation:
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.