Emphasizes significance of a third party in real estate transactions. Covers documents required to be held on deposit between the seller and buyer until terms of a contract are completed. Offered as needed. Theories, functions, and purposes of appraisal principles of valuation. Includes cost, market, and income approach techniques for determining condemnation, insurance, loan, purchase, and sales values.
Students prepare a residential property report.
This course satisfies the State of Oregon brokers license requirement for appraising. Offered as needed. Focuses on the knowledgeable and professional use of U.R.A.R. forms. Offered as needed. Covers the methods and application of income property appraisal techniques using approaches to value determination, income capitalization, and reporting requirements.