Real Estate Appraisal

This course surveys the principles and tools of appraising various types of real estate, as well as provides an analysis of value, price, property and legal rights. Topics include principles of valuation; the real estate market; the relationship between real estate values and economic, social and government trends; economics of urbanization, including location, value and use potential; neighborhood analysis; site utilization and property value; estimating site value; the relationship of construction and architecture to cost standards; depreciation; and approaches to cost, market data and income valuation. Students must complete a demonstration appraisal report.