Credit Hours: 7.5
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Market Analysis is a very important step in the appraisal process. This course will review major concepts of the market analysis process including supply and demand factors. Relying on charts and statistics from the MLS systems and other services requires competency and knowledge of how the data was gathered and processed. Appraisers are required by USPAP to be competent in the analytical methods used during the appraisal process. Using real data, students will be able to understand how to gather data, analyze data, and draw conclusions for the neighborhood. Students will understand how seasonal, increasing, and decreasing markets work and display in the statistical analysis of a market area.
Each student will gain a better understanding of analyzing different aspects of the market including:
This course has been approved by the Minnesota Commissioner of Commerce for 7.5 hours of real estate licensing continuing education.
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