Basic Appraisal Procedures
$409.95
This course provides an in-depth look at basic appraisal procedures. It builds on the Basic Appraisal Principles course, which should be taken as a prerequisite to this course. It is structured to conform to the criteria for the beginning courses that are needed to become a Real Property Appraiser Trainee. This course is also a common requirement for all levels of licensing and certification for real property appraisers.
This course starts with the valuation procedures that should be followed when appraising any type of property. These steps include:
• Defining the problem
• Collecting and selecting the data
• Analyzing the data
• Reconciliation and final value opinion
• Communicating the appraisal
• Scope of work will be defined and illustrated and its importance will be stressed.
Data sources for this information will be presented. There will be coverage on the geographic and geologic characteristics of the land/site. Location and neighborhood characteristics will be discussed. Housing styles and construction basics will be illustrated.
There will be an overview and introduction to the three approaches to value. These are the cost approach, sales comparison approach and income capitalization approach. The three elements of the cost approach will be discussed and illustrated in separate chapters. These include site valuation, estimating reproduction/replacement cost, and estimating depreciation.
The sales comparison approach and income capitalization approach will each be presented, along with appropriate examples, in subsequent chapters. The last chapter will cover reconciliation and report writing.
There is a required three-hour exam at the end that must be taken in a monitored classroom setting.
This course starts with the valuation procedures that should be followed when appraising any type of property. These steps include:
• Defining the problem
• Collecting and selecting the data
• Analyzing the data
• Reconciliation and final value opinion
• Communicating the appraisal
• Scope of work will be defined and illustrated and its importance will be stressed.
Data sources for this information will be presented. There will be coverage on the geographic and geologic characteristics of the land/site. Location and neighborhood characteristics will be discussed. Housing styles and construction basics will be illustrated.
There will be an overview and introduction to the three approaches to value. These are the cost approach, sales comparison approach and income capitalization approach. The three elements of the cost approach will be discussed and illustrated in separate chapters. These include site valuation, estimating reproduction/replacement cost, and estimating depreciation.
The sales comparison approach and income capitalization approach will each be presented, along with appropriate examples, in subsequent chapters. The last chapter will cover reconciliation and report writing.
There is a required three-hour exam at the end that must be taken in a monitored classroom setting.
Chapter list:
1. Valuation Process
2. Data Collection
3. Land/Site Valuation
4. Building Styles and Construction
5. Cost Approach - Cost Estimating
6. Cost Approach - Depreciation
7. Sales Comparison Approach - Principles and Data Sources
8. Sales Comparison Approach - Adjustment Procedures
9. Income Capitalization Approach
10. Income Multipliers
11. Reconciliation
12. Conclusion
Appraisal Licensing Course Ratings and Reviews
McKissock is rated
out of
5 by
7531.
Rated 3 out of
5
by
Brittany M from
I appreciate the commentary and audio provided, particularlay on difficult topics.
Date published: 2021-01-22
Rated 5 out of
5
by
John H from
After finishing all chapters in this course, it is very insightful. Very well put together format for learning about the appraisal industry.
Date published: 2021-01-19
Rated 5 out of
5
by
Eric L from
Course was organized and to the point. Very easy to follow.
Date published: 2021-01-18
Rated 4 out of
5
by
Diana B from
The class is comprehensive and covers a lot of ground. Unfortunately the exam can sometimes include questions about seemingly irrelevant facts, so be sure to study everything.
Date published: 2021-01-18
Is the three hour exam that's mentioned above to get your appraisal license or just to pass this section of the course? If so, where are the testing sites?
give us a call at 800-328-2008 so we can get more information and answer their question accurately.
Date published: 2020-06-15
How does the proctored exam work and can it be done remotely?
Here is some info on proctoring: https://www.mckissock.com/faqs/article/what-is-a-proctor-and-why-do-i-need-one/
Please give us a call if you need additional help or resources.
Date published: 2021-01-20
does this class require us to take a 3 hour test in person?
Which class are you referring to? Thanks!
Date published: 2020-03-02
Is the course online?
Yes, our courses are online.
Date published: 2019-05-26