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This course presents the principles and procedures of appraising real property with
emphasis on residential properties. Required by Office of Real Estate Appraisers
(OREA) for all appraisal licenses and by the Department of Real Estate (DRE) for real
estate broker license. Provides 60 hours toward OREA requirements for state
licensing. Includes all topics listed in Appraisal Qualifications Board (AQB)
Basic Appraisal Principles and Basic Appraisal Procedures modules.
May be used as the elective course for the salesperson license.
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(63 hours lecture; Degree appropriate)
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Advisory Prerequisite:
BUSR 50 - Real Estate Principles
is highly recommended
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Course Measurable Objectives:
- Describe the appraisal process.
- Evaluate governmental, economic, social, and environmental influences on real estate values.
- Compare concepts of value
- Analyze data used in appraisal process.
- Evaluate land and/or site considerations for highest and best use.
- Assess legal considerations associated with various forms of ownership.
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Course Level Student Learning Outcomes:
Students completing BUSR 81 - Appraisal: Principles and Procedures will be able to:
- define highest and best use.
- identify the three methods of apprising real property.
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NOTE:
Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult
the
college catalog
for the most current and accurate information regarding degrees,
certificates, or courses.
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OTHER REAL ESTATE
COURSES:
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