Advanced Residential Applications and Case Studies Classroom Course (15-Credit Hours)

Advanced Residential Applications & Case Studies is designed to elevate your knowledge of challenging residential appraisal assignments and help you develop the expertise to recognize and address those situations at the Certified Residential level. These assignments are often identified as properties that are complex in nature, lack ideal data, have unique improvements, or other challenging circumstances. In these cases, traditional appraisal methods may not work in the same ways as in a standard appraisal assignment.

In this course, you will learn how to choose comparable sales in a challenging assignment, what assignments require the use of the cost and income approaches, as well has how to collect and analyze data for a unique property. You will learn how to determine the comparability of markets, how to use sales from comparable markets for a location adjustment, and proper methods for applying adjustments. Advanced Residential Applications & Case Studies will also review how to develop and communicate sound conclusions with supportive documentation.
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.

Topics:

• Recognizing challenging assignments
• Extracting an adjustment for a non-conforming amenity
• How the three approaches to value are used in challenging appraisal assignments
• Selection of comparable sales based on comparative or competitive appeal
• What assignments require the use of the cost and income approaches
• How to perform a rental analysis