Real Estate Appraisal

In order to own and convey property in a market economy it is necessary for that property to be assigned a specific monetary value. This process, unlike, say, that of assigning value to durable goods—which have specific materials, production and marketing costs—can be somewhat more involved. With property, the fixed costs—building materials and labor costs—are always accompanied by more esoteric factors that go to make property more (or less) valuable. Becoming a member of the group that understands and applies these factors is a bit more complex than simply being able to understand a balance sheet. The objective of this course is to familiarize the student with the principles, theories, duties and activities that pertain to real estate appraisal and valuation. Developing an opinion of value is what the real estate appraiser does, but, as we’ve alluded to, this is far from an effortless process. Understanding the obligation of the real estate industry to promote professionalism and ethical business practices is a beginning to being able to carry out this process such that it is beneficial to licensees, consumers and the market in which they do business. As well as touching upon general standards by which the value of property should be established, this course is broken down into separate lessons which cover:

• Role of a Real Estate Appraiser.
• Federal Legislation and National Agencies Governing the Industry.
• An Overview of Basic Value Principles.
• Dynamics of the Real Estate Market.
• Three Approaches to Appraisal.
• Appraisal Process.
• Real Estate Appraisal Practice Exercises

This course is offered through 360 Training. The free bonuses are offered exclusively by Maine Real Estate School Online.