Overview of Real Estate Appraisal Principles

Overview of Real Estate Appraisal Principles is aimed at non-appraisers who have an interest in appraising but are not technically qualified or licensed to act as appraisers.

This seminar introduces the basic economic concepts that form the building blocks of current valuation theory. These principles will be related to the process of appraising residential and commercial properties.

This seminar does not teach how to become a qualified appraiser. That process begins in the two Appraisal Institute courses Basic Appraisal Principles and Basic Appraisal Procedures. However, this seminar is an excellent introduction to those courses. The focus here is on understanding what an appraisal is and how it works, not how to do one.

Note. This program is not approved for state CE.

• Underwriters
• Lenders
• Relocation specialists
• Real estate brokers

• Examine the basic concepts of land and land value, along with various economic principles and definitions that shape the appraisal.
• Explore important forces that affect value, such as legal and governmental policies.
• Examine the differences between definitions of value, and the distinctions between value, price, and cost.
• Describe how basic economic principles create and sustain value in real property.
• Explore real estate markets in comparison with other kinds of markets such as money markets and capital markets.
• Examine the process of collecting data and illustrate economic base analysis.
• Differentiate between neighborhoods and districts.
• Introduce the three basic approaches to value: the cost approach, the sales comparison approach, and the income capitalization approach.
• Discuss various kinds of appraisal reports along with the stages through which an appraisal report might travel.
• Discuss future trends in the appraisal profession.
  

None

No Exam

Basic

Attend: 35 AI Points

7 hours

No

Online Syllabus

None specified

Online Education FAQ

Note. This program is not approved for state CE.

Online Course Access
Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.
1. Click "Education and Events" on the right navigation menu.
2. Find the course under the “Online Courses” heading and click the “Begin” button.
IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue.

Technology-Based Education Student Disclaimer
I agree to the terms and policies set forth under the Appraisal Institute Education Policy. I also certify that I am the person identified under Personal Data and that I will personally complete each assigned component of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a Designated member, Candidate for Designation, Practicing Affiliate, or Affiliate of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute, and such peer review proceeding may result in termination of my Appraisal Institute membership, candidacy, and/or affiliation.

Other Details
For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions.

None specified