Course Description
Valuation of real property rights. Provides an in-depth look at conventional valuation techniques in addition to modern valuation methods based on statistical inference and industry-based computer software. A broad understanding of the role of real estate valuation within the real estate field.
Athena Title
Principles of Valuation
Prerequisite
REAL 4000 or REAL 4000H or REAL 4000E
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Course Objectives
The objective of this course is to provide the student with the tools necessary to understand and critically analyze real estate problems. Specifically, the focus is to provide the student a firm understanding of the appraisal process. The course also provides a foundation of knowledge that will enable the student, with the help of their future employer, to build a successful career.
Topical Outline
I. The Appraisal Process and Real Estate Markets II. Property Analysis: The Determinants of Value III. Estimating Value: The Sales Comparison Approach IV. Estimating Value: The Cost Approach V. Estimating Value: The Income Approach VI. Reconciliation and Appraisal Reporting
Syllabus