Real Estate: Appraisal Practices & Analysis Part II (REA 021)

This course is a third in a series of four (4) courses designed to meet the education requirements of the Maryland Real Estate Appraisers Commission for the Licensed Real Estate Appraiser classification. Topics to be covered include the sales comparison and income capitalization approaches as they apply to residential properties, and residential appraisal report writing. Course Objectives:1. demonstrate an understanding of the sales comparison approach;2. demonstrate an understanding of the income capitalization approach;3. demonstrate an understanding of the need for and the application of cash equivalency adjustments;4. perform basic financial calculations on a financial calculator;5. demonstrate an understanding of appraisal techniques for the valuation of partial interests; and6. demonstrate an understanding of the criteria that must be considered when reconciling value estimates.