Basic Appraisal Procedures

4.36 Average Customer Rating

5 stars
(2666)
4 stars
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3 stars
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2 stars
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1 stars
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Basic Appraisal Procedures has earned an average of 4.36 out of 5 stars from 5421
$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. 

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

Course ratings and reviews

McKissock is rated 4.4 out of 5 by 5416.
Rated 5 out of 5 by from Excellent course for those who wish to become appraisers.
Date published: 2019-06-10
Rated 5 out of 5 by from Great material that's easy to follow and understand.
Date published: 2019-06-02
Rated 5 out of 5 by from Wow! This course helped me obtain my certificates while working and tending to family. Great convenience.
Date published: 2019-05-23
Rated 5 out of 5 by from McKissock has made the path to earning my trainee appraiser license fit in smoothly with the rest of my life, this course included
Date published: 2019-05-13
Rated 5 out of 5 by from Excellent course! Meets all the needs of an everyday worker. Easy to work the website.
Date published: 2019-04-30
Rated 5 out of 5 by from The course was thorough and done very well. I learned so much and I am so exited to start appraising real estate. I love the narrator. It helps so much. I have taken courses without a narrator and I lost interest. keep up the good work and I look forward to take all my courses with McKissock real estate school.
Date published: 2019-04-29
Rated 5 out of 5 by from I enjoyed the flexibility of the online course method. I think it may be a little harder than a class room course as there is no interaction with the professor & classmates and that is a helpful learning process. Overall, however, I would recommend online courses and would take online in the future.
Date published: 2019-04-18
Rated 5 out of 5 by from Great School, wonderful content. well thought of program. I highly recommend McKissock Courses.
Date published: 2019-04-14
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Is the course online?

Asked by: Zmijka
Yes, our courses are online.
Answered by: McKissock
Date published: 2019-05-26
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