Upcoming Courses

2018 Skip Seward Commercial RE Market Update
January 30, 2018

Business Practices and Ethics
February 5, 2018

7 Hour USPAP Update
February 6, 2018

Upcoming Events

2017 MDAI Holiday Dinner
December 7, 2017

Become an Appraiser!

To become a real property appraiser, you will need to obtain education and experience, and pass a state-administered licensing or certification exam.

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Basic Appraisal Procedures

Basic Appraisal Procedures

Apply the principles and concepts learned in Basic Appraisal Principles. This four-day course takes you step-by-step through the valuation process:

• Defining the problem 
• Collecting and analyzing data 
• Reaching a final opinion of value 
• Communicating the appraisal 

Learn about the three approaches to reaching an opinion of value—income capitalization, cost, and sales comparison—and apply them in true-to-life case studies and problems. After examining income capitalization methods and formulas, learn how rates and multipliers are derived. Through case studies discover the steps and concepts involved in the cost approach—how appraisers estimate the cost of constructing a reproduction of or replacement for an existing structure; the three major components of depreciation and methods for estimating and allocating depreciation; and land and site valuation.

The course will guide you through the sales comparison approach including researching the market, verifying information, selecting units of comparison, conducting a comparative analysis, making adjustments, and reconciliation. Complete key sections of an appraisal report. Finally, the course provides an introduction to property description and construction and design basics.

http://www.myappraisalinstitute.org/education/more_info.aspx?id=39779