Real Estate Appraisal
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General
Prefix
FIRE
Course Number
484
Course Level
Undergraduate
Department/Unit(s)
College/School
Herberger Business School
Description
Cost, income, and market approaches to value of real property assets. Professional narrative appraisal employing comparable sales analysis, depreciated cost analysis and discounted cash flow analysis. Professional ethics and uniform standards of professional appraisal practice.
Credits
Min
3
Max
3
Goals and Diversity
Learning Outcomes
Outcome
Formulate a complete narrative appraisal of a single family dwelling.
Outcome
Critique each of the 3 approaches in the appraisal process and identify the strengths of each approach.
Outcome
Calculate and apply capitalization rates in the income approach using both market extraction and band of investment techniques.
Outcome
Apply cash equivalency techniques to determine the value of below market rate financing when adjusting a comparable sale in the sales comparison approach.
Outcome
Calculate (estimate) value using a discounted cash flow procedure.
Dependencies
Programs
FIRE484
is a
completion requirement
for: