400C - Principles of Real Estate Appraisal (Canadian)

  • Course Number: C400C
  • Course Title: Principles of Real Estate Appraisal – Canadian
  • 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 that show an understanding of the three approaches to value.
Credentialing
  • Generalist: A core course that can be applied towards the RWA, ARWP or RWP program.
  • Specialist: Required course for the R/W-AC program.
Topics
  • Types and uses of appraisal
  • 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
    • Canadian USPAP (the "Standards")
    Required Material
    • Financial calculator
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