Basic Appraisal Procedures

4.37 Average Customer Rating

5 stars
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Basic Appraisal Procedures has earned an average of 4.37 out of 5 stars from 5846
$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 5838.
Rated 5 out of 5 by from It was a fantastic course and I would be nowhere without it!
Date published: 2019-10-13
Rated 5 out of 5 by from Outstanding customer service paired with very organized and informative course.
Date published: 2019-10-11
Rated 5 out of 5 by from Good course, but save the chapters at the end for studying for the test!
Date published: 2019-10-06
Rated 5 out of 5 by from It covered the things I didn't know I needed to know.
Date published: 2019-09-16
Rated 5 out of 5 by from I was pleasantly surprised at the ease and convenience of this course. I will take all my appraisal classes with McKissock.
Date published: 2019-09-14
Rated 5 out of 5 by from This is a great site for classes. Well explained and great customer service.
Date published: 2019-09-12
Rated 5 out of 5 by from This is very challenging, but the course gives real-world, common sense examples that helps.
Date published: 2019-09-05
Rated 5 out of 5 by from Tough. lots of reading and understanding. Looking forward to start learning in the field
Date published: 2019-09-03
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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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