Basic Appraisal Procedures

• Identify the eight steps of the valuation process.
• Identify the basic components and processes used to derive a value indication when performing the income capitalization approach.
• Identify the six procedures for analyzing land or site value.
• Identify the three cost-estimating methods used by appraisers.
• Apply component costs to estimate the cost of residential building improvements.
• Identify typical elements of comparison used in the sales comparison approach.
• Analyze sales to select appropriate comparable properties.
• Derive adjustments using paired sales analysis.
• Reconcile the indicated values derived in the sales comparison approach to a single point value opinion.
• Recognize the types of reports used to communicate an appraisal analysis.

Program Overview:

Online Syllabus

Assignments:

Equipment:

• A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
• You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.
• For more information and a free review, click here.
• For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator
• HP-12C calculator User’s Manual
  

Additional Information:

The cost of this course includes a course handbook that will be available for immediate download.

Exam:
You will have 90 days from the time that you complete the course to take the proctored, offline exam. Testing center locations in your area can be found by clicking on this link: www.pearsonvue.com/ai.
Exam FAQ

Requirements:

Online Education FAQ 

Basic Appraisal Principles

• The Appraisal of Real Estate, 15th ed.
• The Dictionary of Real Estate Appraisal, 7th ed.
  
• Residential Property Appraisal