International Equivalency Course: General
About this course
This course has been designed to aid professional real property valuers around the world in establishing a standardized measurement of their individual valuation knowledge, expertise, and experience. This theory-based curriculum includes descriptions, examples, and discussions that will stimulate real property valuation professionals from any region.
What you’ll learn
- Identify the seven steps of the valuation process and the questions that need to be asked at each step.
- Describe the sections of a valuation report and identify the items typically addressed in each section.
- Identify the relationships between the three approaches to value and the appraisal principles of substitution, supply and demand, balance, and externalities.
- List the steps needed for independent analysis.
Course curriculum
- Introduction
- Module 1: Concept Highlights
- Module 2: Highest and Best Use and Land Valuation
- Homework Problems 1-16
- Module 3: Subdivision Development Analysis and Cost Estimates
- Module 4: Depreciation
- Homework Problems 17-25
- Module 5: Sales Comparison Approach—Introduction
- Module 6: Sales Comparison Approach—Analysis
- Module 7: Income, Vacancy, and Expense Estimates
- Module 8: Rates and Procedures Used in Capitalization
- Homework Problems 26-37
- Module 9: Yield Capitalization Application
- Module 10: Review Problems
- Conclusion and Exam Preparation
Course Provider
Appraisal Institute (AI)
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