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Basic Appraisal Procedures
30-hr Appraisal Pre-License Course
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This course provides an in-depth look at basic appraisal procedures. It builds on the Basic Appraisal Principles Course, which should be taken first. It is structured to conform to the criteria for the beginning courses that are needed to become a Real Property Appraiser Trainee. This course is also a common requirement for all levels of licensing and certification for Real Property Appraisers. This course is approved to meet the 2008 Appraiser Qualification Criteria.
It starts with the Valuation procedures that should be followed when appraising any type of property. These steps include:
- Defining the Problem
- Collecting and Selecting the Data
- Analyzing the Data
- Reconciliation and Final Value Opinion
- Communicating the Appraisal
More on becoming a real estate appraiser.
More on Colorado real estate appraisal.
Scope of work will be defined and illustrated and its importance will be stressed.
This course is offered in association with McKissock Appraisal School, but you MUST click the link below to be eligible for all of the additional bonus materials included exclusively from Real Estate School Online.
When you click the orange button, you will need to check the boxes for the courses you would like, and click the "Enroll" button. On the next page, you will need to click the "Register" link from the right side as a new user to create an account and begin your course.
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Sale Price: $409.00 $459.00 |
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Data sources for this information will be presented. There will be coverage on the Geographic and geologic characteristics of the land/site. Location and neighborhood characteristics will be discussed. Housing styles and construction basics will be illustrated.
There will be an overview and introduction to the three approaches to value; the Cost Approach, Sales Comparison Approach and Income Capitalization Approach. The three elements of the Cost Approach will be discussed and illustrated in separate chapters. These include: Site Valuation, Reproduction/Replacement Cost, and Depreciation.
The Sales Comparison Approach and Income Capitalization Approach will each be presented, along with appropriate examples, in subsequent chapters. The last chapter will cover Reconciliation and report writing.
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Relate the steps in the valuation process
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Summarize the importance of Scope of Work
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Distinguish among price, cost, and value
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Recognize data sources
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Describe the methods of site valuation
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Recognize basic housing styles
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Recognize the basics of construction
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Summarize Reproduction and Replacement Cost
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Recognize different types of deprecation
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Calculate depreciation using various techniques
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Summarize the procedures of the Sales Comparison Approach
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Summarize the basic principles of the Income Capitalization Approach
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Relate how to reconcile value indicators and form a final opinion of value
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Be familiar with communicating an appraisal through the URAR appraisal form
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