Students will apply the appraisal process. Sources of law that influence real estate appraisal will be researched. The course is intensive in vocabulary, terminology and definitions. Text and outside assignments and handouts encourage reading. Tests and the appraisal require creative thinking, application of principles and relationships, and problem solving.
Students communicate orally by class discussion and group work.
These relationship applications require interpersonal skills, self-management, and personal and group Responsibility, working with others, problem solving, and reporting techniques. Problem Solving - application of case studies, the direct sales comparison, cost approach, income approach. Math - intensive, geometry, measurements and conversions, area, legal descriptions, the three approaches to appraisal, market value, GMRM, GRM, capitalization, costs to produce, reconciling value. Regular and punctual attendance is expected of all students, and a complete record of attendance will be kept by each instructor for the entire length of each course. Students will be counted absent from class meetings missed, beginning with the first official day of classes.