400 - Principles of Real Estate Appraisal

  • Course Number: C400
  • Course Title: Principles of Real Estate Appraisal
  • Course Level: Core
  • IRWA Credits: 16 QEU / CEU
  • AQB Credits: Not Applicable
  • Prerequisites: Not Applicable
This course enables participants to demonstrate a basic knowledge of the valuation process and its components. Two case studies (residential and commercial) are utilized throughout the course.

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 which show an understanding of the three approaches to value.
Credentialing
  • Generalist: A core course that is required for all 4 pathways in the RWP program.
  • Specialist: Required course for the R/W-AC and R/W-URAC programs.
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 Manual
  • USPAP Text
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