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Real Estate Appraisal Skills Training

Career Diploma
Real Estate Appraisal Skills

Our accredited real estate appraiser training will prepare you for a busy, respected career. In the Real Estate Appraisal Skills course, you'll learn what it takes to become an independent appraiser, assessing homes and reporting your findings.

  • Prerequisite: None
  • Study Method: Textbooks with Online Exams
  • Program Length: As few as 6 Months

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  What You'll Learn

Our accredited real estate appraiser training teaches you about market analysis, zoning principles, property inspections, value estimations and more. These are practical skills you'll need as you prepare to be an independent appraiser.

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Lesson 1: Learning at Ashworth  

The goals and values of Ashworth College; time management; creating a realistic weekly and monthly study schedule; the nature and purpose of assessments; how to study effectively to prepare for and take an online examination; developing the skill sets necessary for success in the twenty-first century.

Lesson 2: Concepts in Small Business and Self-Employment  

Evaluating your business idea; setting yourself apart from the competition; market testing; investment funding and donation funding; qualities of an entrepreneur; crowdfunding and angel investors.

Lesson 3: Real Estate Appraisal  

Introduction to real estate appraisal; the nature of real property; concepts for determining property value; standards of appraisal practice; licensing and certification; careers in real estate appraisal.

Lesson 4: Legal Considerations  

Real estate defined; real property and personal property; appurtenant rights; the law of fixtures; fee ownership; legal restrictions: police, eminent domain and taxation; private restrictions; common legal descriptions in appraisals.

Supplement: Time Management Guide  

How real estate appraisers can maximize their time.

Lesson 5: The Formal Appraisal Process  

Defining the appraisal problem; definition of value; formulating a plan; the extent of data collection; property identification; property rights; limiting conditions; collecting and analyzing data; approaches to valuation; how to determine a property's market value; types of value reports.

Lesson 6: Neighborhood, Community, and Market  

The economics of communities; the concept of community; the four common patterns of community and land use; origins of communities; how communities grow, physically and economically; neighborhood boundaries defined; how to get and use information about communities; real estate markets defined; market analysis; how to interpret neighborhood and community price levels, price movements and activity levels.

Lesson 7: Real Estate Economics and Value  

Understanding the real estate economy; physical, social, economic and political forces affecting value; the four elements of value: utility, scarcity, demand and transferability; supply; demand; marketability and productivity of real estate.

Lesson 8: Property Inspection and Analysis: The Site  

Conducting an on-site inspection: the principle of highest and best use; key features; legal liabilities; physical problems to be aware of; data and tools needed for property inspections; the appraisal checklist; the highest and best use analysis; physical characteristics to assess, including lot and shape, building size; topography, soil, drainage, ownership, lot type and improvements; computing property area and volume.

Lesson 9: Property Inspection and Analysis: Improvements  

Understanding property improvements such as out buildings, swimming pools, patios, tennis courts and sheds; features emphasizing value: construction classification and quality, building size, equipment and site improvements; inspecting a building; describing and rating a property for marketability; understanding construction, its four classes and its characteristics; residential specifications; architectural styles.

Lesson 10: The Sales Comparison Approach  

How to produce sales comparables; researching and analyzing sales; making adjustments; calculating value estimates; obtaining suitable comparables; information gathering; calculating statistics; obtaining data; using multiple listing services.

Lesson 11: Analyzing and Adjusting Comparable Sales  

Elements to analyze in selecting comparable property sales: terms, time of year, location and physical characteristics; rules for making adjustments and allowances; percentage adjustments; lump sum adjustments; how to apply units of comparison; methods and calculations for establishing comparables; arriving at a conclusion.

Lesson 12: Valuing the Site  

Uses of site values; sales and purchases; public auctions; taxes; land developments; methods for land appraisal: market, allocation, development and land residual; four site characteristics: legal, physical, location, plottage; topography.

Lesson 13: Introducing the Cost Approach  

Estimating land value, cost and the amount of accrued depreciation; arriving at a value; deductions for improvements; cost estimating methods; reproduction cost, the unit-in-place method, direct and indirect costs; index and quantity survey; site location; design features.

Lesson 14: Estimating Loss in Value: Accrued Depreciation  

Depreciation cost, market loss, and diminished utility defined; the most common factors affecting accrued depreciation: age-life, sales data, observed condition and capitalized income; physical deterioration; understanding functional and economical obsolescence.

Lesson 15: The Income Approach  

The principle of anticipation; tangible and intangible benefits explained; the income approach step by step: annual gross income, vacancy and collection losses, gross income and net income; capitalization rate and methods; net operating income; figuring gross rent multipliers; three categories of expenses; types of rent.

Lesson 16: Income Capitalization: Rates and Techniques  

Income capitalization defined; converting net income into capital value; criteria for investing in real estate: safety, liquidity, yield and sound management; tax burdens; understanding tax shelters; the size of the real estate investment and how it affects quality; how to buy real property with leverage; how to anticipate current and future returns on a real estate investment; understanding discounted cash flow.

Lesson 17: Reconciling Value Estimates and Reporting Appraisal Opinions  

Reconciliation defined; reviewing data; making the final determination; the 12 elements of a residential appraisal report; types of reports: (letter, short form or URAR, and narrative); federal appraisals.

Lesson 18: Appraising Special Ownerships and Interests  

Types of residences: single-family, multi-family, condominiums, row houses, town houses, planned unit developments (PUDs), patio homes, cooperatives and mobile homes.

Supplement: Standards of Professional Practice as a Real Estate Appraiser  

Regulations and laws in the appraisal profession; government restrictions on appraisers; how the profession controls itself; maintaining high standards of practice; the real estate appraiser's code of ethics.

Supplement: Licensing and Your Career  

Getting your full state certification for an unrestricted practice; starting your own full-time or part-time appraisal business; how to market your appraisal business; uncovering career opportunities within appraisal firms, lenders, banks, insurance companies, mortgage companies, credit unions, relocation specialists and others.

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  What You Get

Complete our Real Estate Appraisal Skills course online on your terms. Start any time, study at your own pace and get personal guidance as you need it. It’s that convenient.

The real estate appraisal skills course combines a balance of important theoretical concepts and practical application. Your tuition covers:

  • Detailed real estate appraisal textbook & study guides
  • Dedicated academic support and tutoring
  • Participation in the Student Community
  • Career Services powered by CareerBuilder®

Graduates receive a personalized diploma as proof of their professional skills and may attend our annual graduation ceremony. Your career diploma from Ashworth College will give you the competitive edge as you pursue your real estate appraisal career.

  • Real Estate Appraiser Training Books

    Textbooks

  • Real Estate Appraiser Training Diploma

    Diploma

  • Graduation Video

    Ceremony

Getting ahead is here and now. Start your Real Estate Appraisal course today. Speak with an Admissions Advisor at 1-800-957-5412 or enroll online now.

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