Class Overview

This course will help students gain valuable insight and a working knowledge of the various theories and methodologies for performing residential site valuation and developing the cost approach in appraisal practice.

Various costing methods will be discussed and applications of the cost approach in residential appraising will be examined.

The important distinction between Replacement Cost New and Reproduction Cost New will be discussed, along with an in-depth look at accepted methods for estimating accrued depreciation.

An exam is given at the completion of the course in compliance with the qualifying education standards of the Appraiser Qualifications Board.

This course is approved by the Washington State Department of Licensing.

 

Class ContentReal Estate full image - Continuing Education at Seattle Central College

Chapter 1—Market Analysis

Chapter 2—Defining the Market

Chapter 3—Analyzing the Market

Chapter 4—Drawing Conclusions from the Market

Chapter 5—Highest and Best Use

Chapter 6—Land Use Restrictions

Chapter 7—Economic Considerations

Chapter 8—Final Highest and Best Use Analysis

Textbook

Residential Site Valuation and Cost Approach, 2nd edition, Hondros Learning™, Copyright © 2011, ISBN#: 978-159844-1758


Instructors

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

  • Demonstrate a basic knowledge of market fundamentals and market analysis
  • Demonstrate a basic understanding of supply side analysis and demand side analysis
  • Gain a general understanding of highest and best use
  • Gain a general understanding of how to consider, test, and apply highest and best use
  • Demonstrate a basic knowledge of market fundamentals and market analysis
  • Demonstrate a basic understanding of supply side analysis and demand side analysis
  • Gain a general understanding of highest and best use
  • Gain a general understanding of how to consider, test, and apply highest and best use.

 

Who Should Take this Class?

This course is required prior to taking the exam for Licensed Appraiser or Certified Residential Appraiser in Washington State. Understanding of the Principles of Appraising is strongly recommended.

Session Details

  • Class ID: 6001
  • Instructor: Shirley Baenen and Robert W. Corl
  • When: Self-Paced; 1/6/20-3/25/20. Last date to register is 1/13.
  • Total Number of Hours: 15
  • Where: Online
  • Fee: $175

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