Real Estate Appraisal

Catalog description

Students will learn the economic, legal, and social factors that influence property value, along with the three traditional approaches to appraisal: cost, income, and market comparison. This course introduces the principles, methods, and practices of real estate appraisal as required for professional valuation of real property. Topics include property inspection, data collection, neighborhood analysis, highest and best use, depreciation, capitalization, and report writing. Emphasis is placed on standards set by the Uniform Standards of Professional Appraisal Practice (USPAP). This is a required course for the California Real Estate Broker license and an elective for the California Real Estate Salesperson license.