Upon completion of both courses, you will be able to:
- Identify the basic components in the appraiser’s scope of work decision
- Recognize the ethical and competent appraisal practice
- Recognize the distinctive difference among land, real property, and personal property
- Recognize the major components that appear in all definitions of market value
- Solve basic math problems using a financial calculator
- Recognize the definitions of appraisal practice, valuation services, appraisal review, etc.
- Identify the eight steps of the valuation process
- Identify the basic components and processes used to derive a value indication
- Identify the six procedures for analyzing land or site value
- Identify the three cost-estimating methods used by appraisers
- Apply component costs to estimate the cost of residential building improvements
- Analyze sales to select appropriate comparable properties