This course meets the criteria for a 30 hour course as part of the required course curriculum under the Appraiser Qualification Board requirements for residential certification. It provides an in depth look at developing the Sales Comparison Approach and the Income Capitalization Approach for residential properties. This is an intermediate level course and builds on the principles and practices learned in the beginning course. This course is approved to meet the 2008 Appraiser Qualification Criteria.
The Sales Comparison Approach is examined in detail and illustrated through the use of examples and case studies. There are discussions on how to adjust for all the fields in the URAR appraisal form with particular emphasis on real property rights, market conditions, conditions of sale and sale and financing concessions.
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The principles of income property appraising will be exemplified, along with discounting and the Six Functions of a Dollar. The HP 12C calculator is required for this course and there will be extensive hands-on problem solving with the calculator. Income capitalization will be introduced but most of the emphasis of this residential course will be on income multipliers.
There is a required three hour exam at the end that must be taken in a monitored classroom setting.
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.