Location:
Various, distance learning format.
Dates:
March 2007 - December 2014.
Learner Outcomes:
Students will be able to: identify key real estate terms, define elements that create value and factors that influence worth, summarize characteristics of a real estate market, list common violations of USPAP and ways to avoid violations, list the steps in the appraisal process, outline three main approaches used in appraisal, compare the tests of highest and best use, make adjustments in the sales comparison approach, use a gross income multiplier in the income approach, compare reproduction cost and replacement cost, calculate accrued depreciation in the cost approach, reconcile different approaches to value to reach the best conclusion, identify types of reports permitted by USPAP, label sections of the Uniform Residential Appraisal Report.
Instruction:
Methods of instruction are reading assignments, lesson exercises, unit quizzes, enrichment exercise and final exam.
Credit recommendation:
In the lower division associate/baccalaureate degree category, 3 semester hours in Real Estate (3/12).
