Students will be introduced to the concepts, types, and approaches to value. They will learn about market value; selecting the best comparables when estimating real property value; and accurately determining square footage. This course addresses how to correctly make adjustments to value, market timing, and the reasoning and strategies as to why property sells.
Upon completion of this course, the student will be able to:
- Compare and contrast the three approaches to valuation; Describe the purposes and content of a comparative market analysis (CMA); Explain what comparables are used for and which to select when estimating real property value
- Analyze the factors affecting cost, price, and value; Identify the four characteristics necessary for real property to have value; Define key terms
- Estimate the value of properties using the cost method approach; Differentiate between the three forms of depreciation; Describe how replacement cost is determined
- Describe the income-capitalization approach to appraising the value of income-producing properties; Use the capitalization formula to calculate the value of a property; Explain the derivation of net operating income and how capitalization rates are calculated; Apply the gross rent multiplier
- Define the three classic approaches to value; and Explain a cost approach appraisal and when it is used.
- Describe a sales comparison approach appraisal; Follow the guidelines for when selecting comparable property; and Apply the 'two in, one out rule.'
This course covers the following topics:
- Comparative Market Analysis
- Replacement Value
- Income-Capitalization Approach
- Cost Approach
Pricing Property - South Dakota Real Estate Commission
End of Course Instructions
Congratulations! You have completed this continuing education course. Please close this window to return to your My Training Page where your Certificate of Completion is available for printing. Please keep a copy of your certificate for your own records.
Got questions? Contact us below or call 877-881-2235
NOTE: Need Help? Are you an existing customer?
For all complaints or concerns Click here. For all sales enquiries, please fill out the form below.
Why choose 360training.com?
- Fast and easy course completion
- Get an education faster than at traditional colleges!
- 100% online - No classroom attendance required.
- Online customer support
- Over 500,000+ certified nationwide
What your registration includes:
- Updated, relevant training content
- Online Chat and Toll Free Phone Support
- Easily-accessible online platform
- Learn on your own schedule