This basic appraisal course introduces the basic real property concepts, and legal and financing considerations that are universal to every aspect of the real estate industry. Real estate brokers, mortgage brokers, home builders, and developers rely on the same real estate principles.
Included in the Basic Appraisal Principles course is an introduction to the external influences on real estate value, classic economic principles, and economic principles as they apply to real estate. The external influences, classic economic principles, and application of economic principles apply equally to residential as well as the commercial and industrial markets.
Students can expect numerous exercises, quizzes, case studies and the course will be completed with a cumulative final exam. All elements presented in the course are required for course completion.