GRI 101: Appraising for REALTORS

LOCATION: ONLINE ZOOM FORMAT
CE CREDIT: 4 CE
COST: $50 for Everyone
INSTRUCTOR: Okie Arnot

CLASS DESCRIPTION: This course introduces the elements, terminology, and principles of appraisal. The three approaches to value, as well as the forces that influence them are explored in some detail. Practical exercises allow the student to apply each approach to real-life situations.

Upon completion of this course, the student will be able to do the following:

• Generalize the role of the appraiser and the appraisal in a real estate transaction.
• Evaluate the forces at work in the marketplace as they affect appraisals.
• Apply the principles of appraisal to understand an appraisal report.
• Classify the six types of value.
• Use all applicable approaches to value when pricing various types of properties.
• Calculate the square footage of living area and the total lineal footage of a subject property.
• Predict what an appraiser will “look for” in the exterior and interior of a subject property.
• Relate the differences between an appraisal and a comparative market analysis (CMA.)
• Illustrate the differences between physical depreciation, functional obsolescence, and external obsolescence and how they affect property values.

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