REAL 86 - Advanced Real Estate Appraisal
REAL 86
3 units
Advanced Real Estate Appraisal
54 hours lecture, 18 hours laboratory
Recommended Preparation: REAL 80 and REAL 85.
Grading: letter grade.
Description
This course covers residential market analysis, highest and best use, site valuation, cost/sales comparison, income approaches to valuation, and appraisal report-writing for residential properties. It is part of the education requirement for the California OREA Trainee and Residential license and can be used as an elective for the California Real Estate Broker''s license.
Transferability
Transferable to CSU Only
Identifiers & Codes
Department: Business Administration & Economics
School: Business, Education, and Health Sciences
Academic Level: Undergraduate
TOP Code: 051100 - Real Estate
CTE Status: Yes
SAM Code: C - Clearly Occupational
CIP Code: 52.1501 - Real Estate.
Class Size Max, Units, Hours
Class Size Maximum: 40
Lecture Hours: 3
Lab Hours: 1
Credit Units: 3
Requisites & Limitations on Enrollment
Catalog Information
Grade Mode: Letter Grade
Is the course repeatable? No
Student Learning Outcomes & Course Objectives
Student Learning Outcomes:
- 1. Evaluate the relative importance of the three typical approaches to value.
- 2. Explain and apply highest and best use valuations.
- 3. Solve improvement sketches to determine gross living area.
Course Content
Methods of Instruction & Active Learning
Assignment for In and Out of Class
Methods of Evaluation
Diversity, Equity, Inclusion, Accessibilty
Representative Textbooks and Materials
Representative Textbook: Real Estate Appraisal Principles and Procedures. Huber, Messick, and Pivar. 4th edition. Educational Textbook Company. 2012. (This is an industry standard text and it has not been updated since 2012)
Recommended Textbook: Journals may include The Appraisal Journal and Valuation Insights Perspectives. Websites may include the Office of Real Estate Appraisers, the Appraisal Institute, and Appraiser News Online.