Credit Hours: 30
This course covers what many consider the heart and soul of real estate valuation practice. It begins with a review of the appraisal process and economic principles applied in the sales comparison and income approaches to value with consideration for the appraisal process and the principles as they apply to real estate markets.
We then focus on the process and procedures of employing each approach in everyday scenarios, covering the processes of scope of work, data collection and analysis, and highest and best use to aid you in developing critical thinking in all real estate related analysis. You will be guided through specific analytical techniques to make qualitative and quantitative comparisons. Through case studies and real world examples, you'll learn about various methods for analyzing and valuing income streams.
A financial calculator is recommended for this class. Students should be familiar with and bring to class their own financial calculator. Instructors will teach under the assumption that all students have the necessary knowledge to use their financial calculator.
This course has been approved by the Minnesota Commissioner of Commerce for appraisal prelicense education.