Class Overview

Appraisal Principles meets the criteria set by the Appraisal Foundation for Basic Appraisal Principles.Real Estate full image - Continuing Education at Seattle Central College

This is the first course required for an individual to become a Registered Appraiser Trainee in Washington State.

The curriculum includes economic principles impacting appraisals, forms of ownership, appraisal tasks, and principle of supply and demand.


Class Content

  • Real Estate vs. Real Property
    Forms of ownership
  • Methods of Assigning Value
  • Economic Principles
    Supply and demand
  • Appraisal Process
    Appraisal tasks
    Replacement and reproduction costs
    Cost Approach
    Building costs
    Land Value
    Depreciation estimates
    Sales comparison approach
    Income capitalization approach
  • Highest and best use
  • Techniques for resolving discrepancies
  • Emerging issues



This course has a required textbook: Fundamentals of Real Estate Appraisal, ISBN 9781475463804. 13th Edition.


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.

Learning Outcomes

  • Describe the concepts of real estate vs. real property.
  • Describe various methods of assigning value and explain how value is determined.
  • Explain the economic principles that impact appraisals and the forces that influence the value of real property.
  • List the steps in the appraisal process.
  • Explain the various forms of ownership and how less-than-complete ownership affects the valuation process.
  • Explain the principles of sales comparison approach, including adjustments and analytical techniques. Describe the following tasks: property inspection, building inspection, and analysis of architectural style and functional utility.
  • Explain how appraisers determine a geographical area in which to produce a comparative.

Who Should Take this Class?

Prerequisites: Basic computer skills and a working knowledge of Microsoft Word and Excel. No prior real estate knowledge is needed.

  • Real estate buyers, sellers and investors
  • Individuals seeking a basic understanding of the real estate valuation process..

Session Details

  • Class ID: 8228
  • 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: Online
  • Fee: $199