This course addresses the relationship between valuation theory and market
economics and statistics; matching appraisal methods to appraisal purposes and
objectives; researching primary and secondary sources; uses of statistics in
valuation; the work plan and its components; research design and organization;
and interpretation of catalog information and prices.
Objectives:
- The relationship between valuation theory and
markets
- Research methods and sources for property and market
information
- The development of a
workfile
- The design and
organization of an appraisal report
- Additional
appraisal vocabulary
- When and how to use the approaches to
value