| 4/27/2024 8:22:52 PM |
| Changed Course |
| CATALOG INFORMATION
|
| Discipline and Nbr:
RE 80F | Title:
RES REAL ESTATE APP |
|
| Full Title:
Residential 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 | 6 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:
27 - Exempt From Repeat Provisions
Also Listed As:
Formerly:
Catalog Description:
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Different approaches, methods and techniques used to determine the value of various types of property. Emphasis on residential and single unit property. Applies toward State's educational requirements for the broker's examination.
Prerequisites/Corequisites:
Recommended Preparation:
RE 80C, 80E.
Limits on Enrollment:
Schedule of Classes Information
Description:
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Introduction to principals and techniques required to determine the market value of residential properties and prepare a report. Applies toward the California Broker's requirements & Licensed Appraiser's Continuing Ed.
(Grade Only)
Prerequisites:
Recommended:RE 80C, 80E.
Limits on Enrollment:
Transfer Credit:CSU;
Repeatability:27 - Exempt From Repeat Provisions
ARTICULATION, MAJOR, and CERTIFICATION INFORMATION
| Associate Degree: | Effective: | | Inactive: | |
| Area: | | |
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| CSU GE: | Transfer Area | | Effective: | Inactive: |
| |
| IGETC: | Transfer Area | | Effective: | Inactive: |
| |
| CSU Transfer: | Transferable | Effective: | Fall 1981 | Inactive: | |
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| UC Transfer: | | Effective: | | Inactive: | |
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| C-ID: |
Certificate/Major Applicable:
Certificate Applicable Course
COURSE CONTENT
Outcomes and Objectives:
At the conclusion of this course, the student should be able to:
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Upon completion of the course, students will be able to:
1. Distinguish land from site.
2. Define real property versus personal property.
3. Define property value basics and principles including substitution,
highest and best use, supply and demand, conformity/contribution,
and the law of increasing and decreasing returns.
4. Define the three basic appraisal approaches including market data,
cost, and income capitalization.
5. Complete a residential appraisal.
Topics and Scope
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1. Basic Concepts of Real Estate Appraisal
a. Land Versus Site:
Municipal and Water Rights
b. Real Property
1) Fixtures
2) Appurtanances
3) Bundle of Rights
c. Personal Property
2. Basic Value Principles
a. Principle of Substitution
b. Highest and Best Use
c. Supply and Demand
d. Conformity/Contribution
e. Law of Increasing and Decreasing Returns
f. Competition/Change and Anticipation
3. The Appraisal Process
a. Market Data
b. Cost
c. Income Capitalization
4. The Appraisal Report
a. Letter of Opinion
b. Form Report
c. Narrative Report
Assignments:
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1. Weekly reading assignments.
2. Various short problem-solving assignments.
3. Quizzes on each chapter of the text.
4. Midterm and final 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
1 - 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% |
| Homework problems, Field work | |
| Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams. | Skill Demonstrations
1 - 10% |
| Class performances | |
| Exams: All forms of formal testing, other than skill performance exams. | Exams
2 - 70% |
| 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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FUNDAMENTALS OF REAL ESTATE APPRAISAL by William L. Ventolo, Jr. and
Martha R. Williams. Copyright 2003 by Dearborn Publishing.
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