Course Course Summary Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: CFTA-0020 Organization: Center for Financial Training Location: Classroom-based Length: 11 weeks (48 hours) Dates Offered: 6/1/2021 - 5/31/2024 10/1/2017 - 5/31/2021 9/1/2014 - 9/30/2017 10/1/2011 - 8/31/2014 2/1/2007 - 9/30/2011 Credit Recommendation & Competencies Section 2 Content Section 2 Content Left Section 2 Content Right Level Credits (SH) Subject Lower-Division Baccalaureate 3 Real Estate, Finance, or Business Description Section 3 Content Section 3 Content Left Section 3 Content Right Objective: The course objective is to explain all areas of the Uniform Standards of Professional Appraisal Practice, including all of the appraisal related topics listed in educational requirements for universal state licensing and certification. Learning Outcomes: Define the four governmental restrictions on the private ownership of all property Describe the four construction classification types List and explain the four steps in the sales comparison approach List the five basic steps of the cost approach Define the reproduction cost and replacement cost, and explain their use in appraisals Explain the gross income multipliers in the income approach List the two methods used to calculate the overall capitalization rate List the three conventional formats of written appraisal reports List the key elements of becoming a competent appraiser Define the typical state requirements for appraiser licensing and certification Explain the difference between and formal and an informal appraisal report Define real estate, real property, and personal property Explain the four steps in the appraisal process Outline the three approaches to value, and explain how they are used in the appraisal reports List and give examples of the broad forces that affect value List the four criteria for highest and best use Name the six steps in the income approach to value General Topics: Real estate appraisal and you Legal considerations in appraisal The formal appraisal process Focus on neighborhood, community, and market Real estate economics and value Property Inspection and analysis: the site Property inspection and analysis: the improvements The sales comparison approach Analyzing and adjusting comparable sales Valuing the site Introducing the cost approach Estimating loss in value: accrued depreciation The income approach Income capitalization: rates and techniques Reconciling the value estimates Instruction & Assessment Section 4 Content Section 4 Content Left Section 4 Content Right Instructional Strategies: Computer Based Training Discussion Lectures Practical Exercises Methods of Assessment: Examinations Performance Rubrics (Checklists) Minimum Passing Score: 70% Supplemental Materials Section 5 Content Section 5 Content Left Section 5 Content Right Section 6 Content Section 6 Content Left Section 6 Content Right Button Content Rail Content 1 Other offerings from Center for Financial Training Accounting (CFTA-0005) Analyzing Financial Statements (CFTA-0002) Business Communication (CFTA-0003) Business Math (CFTA-0018) Commercial Lending (CFTA-0006) Consumer Lending (CFTA-0007) Economics (CFTA-0008) Financial Accounting (CFTA-0022) Human Relations (CFTA-0009) Human Resource Management (CFTA-0025) View All Courses Page Content