Apply the principles and concepts learned in Basic Appraisal Principles. This four-day course takes students step-by-step through the valuation process:
• Defining the problem
• Collecting and analyzing data
• Reaching a final opinion of value
• Communicating the appraisal
Learn about the three approaches to reaching an opinion of value—income capitalization, cost, and sales comparison—and apply them in true-to-life case studies and problems. After examining income capitalization methods and formulas, learn how rates and multipliers are derived. Through case studies, discover the steps and concepts involved in the cost approach—how appraisers estimate the cost of constructing a reproduction of or replacement for an existing structure; the three major components of depreciation and methods for estimating and allocating depreciation; and land and site valuation.
The course will guide students through the sales comparison approach, including researching the market, verifying information, selecting comparison units, conducting a comparative analysis, making adjustments, and reconciliation—completing key sections of an appraisal report. Finally, the course provides an introduction to property description and construction and design basics.
Estimated hours per week:
Dates of course:
Certificate: You will receive a professional certificate of completion once completed.
- The course will not begin until the date listed above.
- Every participant must register themselves for the course.