Location:
Various, distance learning format.
Dates:
March 2007 - December 2014.
Learner Outcomes:
Students will be able to: explain the appraisal process, describe how appraisers gather, verify, and analyze data, explain the difference between ethics and Standards, discuss USPAP as a guide for proper completion of a report, define value and identify types of value and cite factors that influence value, converse about national trends, cycles, and fluctuations, outline phases of the business and real estate cycles, list characteristics of a real estate market, market segmentation, and submarkets, debate differences between market analysis and other types of study, describe how physical, economic, political and social forces affect value at the regional, city, and neighborhood levels, describe situations that call for a highest and best use analysis, summarize the steps that determine highest and best use.
Instruction:
This course prepares students to identify specific property, recognize factors affecting real estate, and to present analyzed facts in a coherent and organized format consistent with USPAP standards. Topics covered in the course are established by the Appraiser Qualifications Board of The Appraisal Foundation. Methods of instruction include reading assignments, lesson exercises, lesson quizzes, unit exams, and a final exam.
Credit recommendation:
In the lower division associate/baccalaureate degree category, 1 semester hour in Real Estate (3/12).
