Advanced Residential Applications and Case Studies

Designed to comply with the Real Property Appraiser Qualification Criteria established by the Appraiser Qualifications Board, this course is structured around four specialized areas of appraisal practice: complex property appraisal, market analysis, challenges in the sales comparison approach, and highest and best use analysis. Beginning with a thorough explanation of complex properties, the course goes on to review the COMPETENCY RULE and the SCOPE OF WORK RULE in USPAP, as well as the valuation process and reporting process for complex properties. 
Fifteen advanced case studies throughout the course illustrate the practical application of the discussed principles. In addition to the end-of-chapter quizzes and final exam, this course contains mini-quizzes that will test the knowledge of the material throughout each chapter. The mini-quizzes will help prepare you for both the end-of-chapter quiz and the cumulative final exam at the end of the course. There is a required one-hour proctored exam at the end that must be taken in a monitored setting.

Course access is available for 6 months from the day it is opened. All courses, regardless of whether they have been opened, expire two years from the date of purchase. Extensions are available for purchase within 30 days of a course expiring. No extensions will be granted after this period.

Course Roadmap

1. Introduction to Advanced Applications

2. Advanced Residential Appraisal Concepts

3. The Valuation Process

4. Case Study

5. The Reporting Process

6. Market Analysis Case Study

7. The Sales Comparison Approach

8. Cost and Income Approaches

9. Case Study - Sales Comparison Approach

10. Questionable Property Characteristics Case Study

11. Case Study of Encumbered Ownership Interest

12. Case Study on Challenging Market Conditions

13. Conclusion

14. Online Proctored Final Exam