| 4/27/2024 8:28:09 AM |
| Changed Course |
| CATALOG INFORMATION
|
| Discipline and Nbr:
RE 80J | Title:
COMM REAL EST APPR |
|
| Full Title:
Commercial Real Estate Appraisal |
| Last Reviewed:2/12/2024 |
| Units | Course Hours per Week | | Nbr of Weeks | Course Hours Total |
| Maximum | 3.00 | Lecture Scheduled | 3.00 | 17.5 max. | Lecture Scheduled | 52.50 |
| Minimum | 3.00 | Lab Scheduled | 0 | 17.5 min. | Lab Scheduled | 0 |
| | Contact DHR | 0 | | Contact DHR | 0 |
| | Contact Total | 3.00 | | Contact Total | 52.50 |
| |
| | Non-contact DHR | 0 | | Non-contact DHR Total | 0 |
| | Total Out of Class Hours: 105.00 | Total Student Learning Hours: 157.50 | |
Title 5 Category:
AA Degree Applicable
Grading:
Grade Only
Repeatability:
00 - Two Repeats if Grade was D, F, NC, or NP
Also Listed As:
Formerly:
RE 282
Catalog Description:
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Methods and techniques of estimating the value of properties other than single residences. Application of income approach to commercial, industrial and multiple residential properties. Applies toward State's educational requirements for the broker's examination.
Prerequisites/Corequisites:
Recommended Preparation:
Limits on Enrollment:
Schedule of Classes Information
Description:
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Principles and techniques of appraising income-producing real estate. An introductory course designed to enable the student to determine the market value of commercial/retail/industrial properties. Applies towards California broker's requirements and Licensed Appraisers Continuing Education.
(Grade Only)
Prerequisites:
Recommended:
Limits on Enrollment:
Transfer Credit:CSU;
Repeatability:00 - Two Repeats if Grade was D, F, NC, or NP
ARTICULATION, MAJOR, and CERTIFICATION INFORMATION
| Associate Degree: | Effective: | | Inactive: | |
| Area: | | |
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| CSU GE: | Transfer Area | | Effective: | Inactive: |
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| IGETC: | Transfer Area | | Effective: | Inactive: |
| |
| CSU Transfer: | Transferable | Effective: | Spring 1989 | Inactive: | |
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| UC Transfer: | | Effective: | | Inactive: | |
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| C-ID: |
Certificate/Major Applicable:
Not Certificate/Major Applicable
COURSE CONTENT
Outcomes and Objectives:
At the conclusion of this course, the student should be able to:
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The students will be able to:
1. identify the 2 approaches to Real Property valuation;
2. identify the elements of gross income estimates;
3. identify the elements of effective gross income estimates;
4. identify net operating income estimates;
5. list the formula for realization of capitalization;
6. identify capitalization rates;
7. complete an appraisal of a commercial property.
Topics and Scope
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Property and Value
-Nature of Property Value
-Market Value
-Economics of Supply and Demand
-Highest and Best Use
Sales Comparison Approach to Value
-Analysis of Subject Property
-Collection and Analysis of Data
Cost Approach to Value
-Cost Estimation
-Depreciation
Real Estate Investments
Income Approach
-Gross Income Estimates
-Effective Gross Income Estimates
-Net Operating Income Estimates
Capitalization Formulas and Rates
-Relationship of income, rate and value
-Selection of rates
Capitalization Procedures
-Income Stream
-Selection of Methods
-Selections of Techniques
-Alternative methods
Assignments:
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1. Project, quizzes and exams.
Methods of Evaluation/Basis of Grade.
| Writing: Assessment tools that demonstrate writing skill and/or require students to select, organize and explain ideas in writing. | Writing
2 - 35% |
| Written homework, Essay exams | |
| Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills. | Problem Solving
1 - 10% |
| Field work, Quizzes, Exams | |
| Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams. | Skill Demonstrations
1 - 30% |
| Class performances | |
| Exams: All forms of formal testing, other than skill performance exams. | Exams
2 - 40% |
| Multiple choice, True/false | |
| Other: Includes any assessment tools that do not logically fit into the above categories. | Other Category
0 - 0% |
| None | |
Representative Textbooks and Materials:
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INCOME PROPERTY APPRAISAL by Fisher and Martin. Dearborn Publishing,
copyright 1999.
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