Real Estate Appraisal

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General

Prefix

FIRE

Course Number

484

Course Level

Undergraduate

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: