Appraisal Principles meets the criteria set by the Appraisal Foundation for Basic Appraisal Principles.
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.
- Real Estate vs. Real Property
Forms of ownership
- Methods of Assigning Value
- Economic Principles
Supply and demand
- Appraisal Process
Replacement and reproduction costs
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.
- 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..
- 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