This advanced course in residential valuation meets criteria set by the Appraisal Foundation for Basic Appraisal Procedures and is approved by the Washington State Department of Licensing. Students apply knowledge learned in "Principles of Appraising” by developing graded form reports and applying techniques to narrative reports.
- Land attributes
- Real estate values
- Legal considerations
- Real estate, real property, personal property, and fixtures
- Encroachments and adverse possessions
- Forms of property ownership
- Price and value
- Districts and neighborhoods
- Market segmentation
- Market analysis
- Federal monetary and fiscal policies
- Valuation process
- Highest and best use
- Site valuation
- Three approaches to value: cost Approach, sales comparison, and income approach
- Real estate description terms
- Math problems: area, volume, percentages, fractions, and decimals
- Statistical terms
- Compounding and discounting calculations
- Calculations: mortgage payments, terms, interest rate, and constants
This course has a required textbook: Basic Appraisal Procedures. ISBN 9781598442403. 3rd Edition Revised 2014 2nd Printing.
Shirley Baenen is our principle instructor, and she is co-author of all the courses. Shirley is your direct contact during your course, and she answers student questions weekdays from nine to five.
Robert W. Corl is our co-instructor. Bob is also co-author of the real estate and appraisal courses, and principal designer. Bob works behind the scenes to make sure that everything flows correctly.
- Identify and describe the five attributes of land
- Describe the legal considerations that affect real estate appraisal. Define price and valu
- Identify the four stages of a neighborhood’s life cycle.
- Apply three of the techniques for site valuation, including allocation, extraction, and sales comparison met
- Explain the Sales Comparison valuation met Explain the Income Approach valuation
- Explain the Cost Approach valuation method
Who Should Take this Class?
Prerequisites: Students should enroll in and complete Principles of Appraising prior to enrolling in Appraisal Procedures; also required: basic computer skills and a working knowledge of Microsoft Word and Excel.
- Required prior to registering as an Appraiser Trainee in Washington State
- Recommended for real estate professionals interested in pre-licensing and continuing education
- Real estate buyers, sellers and investors
- Individuals seeking a basic understanding of the real estate valuation process
- The course is approved for continuing education for real estate licensees by Department of Licensing.
- Class ID: 8229
- Instructor: Shirley Baenen
- When: Self-Paced; 1/6/20-3/25/20. Last date to register is 1/13.
- Total Number of Hours: 30
- Where: , Room Online;
- Fee: $199