The course includes the valuation principles and procedures applicable to both approaches. With the aid of case studies, students will develop and apply the techniques for market analysis, including the application and use of matched pairs and capitalization rates and gross rental multipliers. There will be a discussion on cash and finance equivalency. Students will learn how to apply and defend the rationale behind market adjustments. The course will include a discussion of current Fannie Mae and Freddie Mac Guidelines and relevant USPAP requirements and will introduce students to the methods of appraising income properties. It will include the introduction of the financial calculator and application of the six functions of a dollar. An exam is given at the completion of the course.
This is a four-day, 30-hour course. It is approved only for Residential and/or General Appraisal Certification.
