| Course ID: | REAL 5080. 3 hours. |
| Course Title: | Principles of Valuation |
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. |
| Oasis 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 |