This course provides comprehensive instruction related to the valuation and appraisal techniques used for residential and income-producing properties, including the comparable sales approach, the cost approach, and the income approach.

The purpose of this course is to introduce students to the basic concepts of real estate appraisal. This course integrates the concepts of the appraisal process focusing on the cost approach, the sales comparison approach, and the income capitalization approach in real-world applications.

Textbook readings and lecture presentations

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Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in the Course Overview.

Discussions (3)

Discussions are collaborative learning experiences. The purpose of the Discussions is to generate interaction in regard to relevant, current course topics. Therefore, the student is required to submit a thread in response to the provided prompt for each discussion. Each thread must be at least 250 words, demonstrate course-related knowledge, and be supported with at least 2 citations in current APA format. The student must also post replies to 2 classmates’ posts. Replies must be at least 100 words each and incorporate 1 scholarly citation in current APA format.

The Real Estate Appraisal Profession Assignment

Using the questions provided in the Real Estate Appraisal Profession Assignment Instructions, the student will enter the answers into the corresponding template found on the assignment page. The student will also write a brief essay in response to the prompt provided. The essay must be at least 250 words, include two references to outside research, and follow current APA standards.

The Appraisal Process Assignment

Using the questions provided in the Appraisal Process Assignment Instructions, the student will enter the answers into the corresponding template found on the assignment page. The student will also write a brief essay in response to the prompt provided. The essay must be at least 250 words, include two references to outside research, and follow current APA standards.

The Cost Approach Assignment

Using the questions provided in the Cost Approach Assignment Instructions, the student will enter the answers into the corresponding template found on the assignment page. The student will also write a brief essay in response to the prompt provided. The essay must be at least 250 words, include two references to outside research, and follow current APA standards.

The Income Capitalization Approach Assignment

Using the questions provided in the Income Capitalization Approach Assignment Instructions, the student will enter the answers into the corresponding template found on the assignment page. The student will also write a brief essay in response to the prompt provided. The essay must be at least 250 words, include two references to outside research, and follow current APA standards.

Appraisal Project Assignment

The Appraisal Project Assignment will be a comprehensive pro-forma financial analysis and valuation of a proposed multi-family development. The assignment should be 1,000 words in length, supported by 5 scholarly sources, and follow APA formatting standards.

Quizzes (8)

There will be quizzes each week covering concepts from the textbook readings. The quizzes will be open-book/open-notes, consist of 10-15 multiple-choice questions, and have a 60-minute time limit.