Principles of Real Estate Appraisal

Course Description

This course introduces the principles of real estate and real property valuation to the participants.

It is also a refresher course for the experienced right of way professional who would like to enhance his or her appraisal abilities.

At the conclusion of this two-day course, participants will be able to:

• express an understanding of basic real estate terms and principles;
• demonstrate a basic knowledge of the valuation process and its components;
• discuss the definitions of and steps in each of the three approaches to value (cost, sales comparison and income capitalization);
• solve problems that show an understanding of the three approaches to value.

In addition, two case studies (residential and commercial) will be utilized throughout the course.

Topics

• Types and Uses of Appraisals
• Types of Value
• Area and Site Analysis
• Highest and Best Use Analysis
• Sales Comparison Approach
• Reconciliation and Final Value Determination
• Introduction to Partial Acquisitions
• Economic Principles
• The Appraisal Process
• Market Analysis
• Cost Approach

Course Tuition includes

• Participant’s Manual
• USPAP Text

Who should take this course

This course is ideal for new appraisers, for individuals contemplating entering the appraisal field and for experienced appraisers in need of a refresher course.