499 Week 5 A/ For WIZARD KIM

BUSN221

Course Summary Course : BUSN221 Title : Real Estate Appraisal Length of Course : 8 Faculty : Steve Kipuros Prerequisites : N/A Credit Hours : 3

Description Course Description:

This course examines property rights and their valuations. Students will have the opportunity to discuss and review terminology, concepts, and best practices on the factors affecting the value of property rights as they relate to general economic theory and the real estate process. Topics will include real estate appraisal methods, valuation of residential and income producing property, influences on market value, and trends in the appraisal industry.

Course Scope:

This course is divided into 8 weeks and is organized to give students a broad context in which to study real estate appraisal. It includes reading assignments, 2 short assignments, and a Research paper. Real estate related Internet resources are provided.

Objectives After successfully completing this course, you will be able to

LO1: Identify real estate appraisal principles, concepts, and best practices.

LO2: Describe the appraisal profession, qualifications, licensing, and certification.

LO3: Discuss the real estate marketplace identifying the characteristics of markets, the cost of credit, how real estate is financed, and the elements that create value.

LO4: Discuss the details of the appraisal process including the steps, purpose, and limiting conditions.

LO5: Describe the process involved in building construction and the effects it has on the environment.

LO6: Describe and differentiate between the cost approach, sales comparison approach, and the income capitalization approach.

LO7: Identify and calculate appraisal math and statistics equations.

Outline Week 1:

Topic(s)

Introduction

The Role of the Appraiser

Learning Objective(s)

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