Module #1 Introduction to Real Estate Appraisal Overview of the appraisal profession, importance of appraisals, and the role of appraisers in the real estate industry.
Module #2 Appraisal Methods and Approaches Explanation of the three appraisal methods:Sales Comparison, Income, and Cost Approach.
Module #3 Real Estate Market Analysis Understanding real estate markets, market trends, and supply and demand factors affecting property values.
Module #4 Property Rights and Interests Types of property rights, interests, and estates, including fee simple, leasehold, and easements.
Module #5 Real Estate Contracts and Agreements Understanding real estate contracts, including listing agreements, purchase agreements, and appraisal contracts.
Module #6 Ethics and Professional Standards Overview of the Appraisal Foundations Uniform Standards of Professional Appraisal Practice (USPAP) and ethical expectations for appraisers.
Module #7 Appraisal Process and Report Writing Step-by-step guide to the appraisal process, including inspection, data collection, and report writing.
Module #8 Property Inspection and Data Collection Conducting on-site inspections, collecting data, and recording observations.
Module #9 Sales Comparison Approach Applying the Sales Comparison Approach, including selecting and adjusting comparable sales.
Module #10 Income Approach Applying the Income Approach, including estimating gross income, operating expenses, and capitalization rates.
Module #11 Cost Approach Applying the Cost Approach, including estimating land value, construction costs, and entrepreneurial incentive.
Module #12 Appraisal of Residential Properties Residential appraisal methods, including Fannie Mae and Freddie Mac forms and guidelines.
Module #13 Appraisal of Commercial Properties Commercial appraisal methods, including income capitalization and discounted cash flow analysis.
Module #14 Appraisal of Industrial and Special Use Properties Appraisal methods for industrial, agricultural, and special use properties.
Module #15 Appraisal of Land and Development Properties Appraisal methods for vacant land, subdivisions, and development projects.
Module #16 Appraisal Review and Quality Control Reviewing appraisal reports, identifying errors, and ensuring quality control.
Module #17 Appraisal Software and Technology Using appraisal software, including forms, templates, and data analysis tools.
Module #18 Appraisal Report Writing and Communication Effective report writing, including organization, clarity, and communication of appraisal results.
Module #19 Appraisal Valuation Models and Analytics Using statistical models, regression analysis, and Geographic Information Systems (GIS) in appraisal practice.
Module #20 Regulatory Environment and Appraisal Management Understanding appraisal regulations, including Dodd-Frank, FIRREA, and USPAP, and managing appraisal departments.
Module #21 Appraisal of Unique and Complex Properties Appraisal methods for unique and complex properties, including historic homes, environmentally contaminated sites, and energy-efficient properties.
Module #22 Appraisal of Partial Interests and Easements Appraisal methods for partial interests, including fractional interests, and easements.
Module #23 Appraisal of Realty-Related Financial Instruments Appraisal of mortgage-backed securities, collateralized debt obligations, and other realty-related financial instruments.
Module #24 Course Wrap-Up & Conclusion Planning next steps in Real Estate Appraisal career
