SRJC Course Outlines

3/28/2024 7:19:47 AMRE 53 Course Outline as of Fall 2005

Changed Course
CATALOG INFORMATION

Discipline and Nbr:  RE 53Title:  RES REAL ESTATE APP  
Full Title:  Residential Real Estate Appraisal
Last Reviewed:2/12/2024

UnitsCourse Hours per Week Nbr of WeeksCourse Hours Total
Maximum3.00Lecture Scheduled3.0017.5 max.Lecture Scheduled52.50
Minimum3.00Lab Scheduled06 min.Lab Scheduled0
 Contact DHR0 Contact DHR0
 Contact Total3.00 Contact Total52.50
 
 Non-contact DHR0 Non-contact DHR Total0

 Total Out of Class Hours:  105.00Total 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 80F

Catalog Description:
Untitled document
Introduction to principles and techniques required to determine the market value of residential properties and prepare a report.  Applies toward the CA broker & Office of Real Estate Appraisers (OREA) education requirements

Prerequisites/Corequisites:


Recommended Preparation:
Course Eligibility for ENGL 100 and Course Completion of RE 51 ( or RE 80C) and Course Completion of RE 52 ( or RE 80E) OR Course Eligibility for EMLS 100 ( or ESL 100)

Limits on Enrollment:

Schedule of Classes Information
Description: Untitled document
Introduction to principles and techniques required to determine the market value of residential properties and prepare a report.  Applies toward the CA broker and Office of Real Estate Appraiser (OREA) education requirement
(Grade Only)

Prerequisites:
Recommended:Course Eligibility for ENGL 100 and Course Completion of RE 51 ( or RE 80C) and Course Completion of RE 52 ( or RE 80E) OR Course Eligibility for EMLS 100 ( or ESL 100)
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:
 
CSU GE:Transfer Area Effective:Inactive:
 
IGETC:Transfer Area Effective:Inactive:
 
CSU Transfer:TransferableEffective:Fall 1981Inactive:
 
UC Transfer:Effective:Inactive:
 
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:
Untitled document
Upon successful completion of the course, students will be able to:
1.  Distinguish "land" from "site".
2.  Compare and contrast real property versus personal property.
3.  Formulate 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.  Summarize the three basic appraisal approaches including market data,
   cost, and income capitalization.
5.  Produce a residential appraisal.

Topics and Scope
Untitled document
1.  Basic concepts of real estate appraisal
   a. Land versus site in relation to water rights
      1) Municipal
      2) Private
      3) Riparian
   b. Real property
      1) Fixtures
      2) Appurtenances
      3) Bundle of rights
   c. Personal property
2.  Basic value principles
   a. 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:
Untitled document
1.  Appraisal report of real property (apply principles and theory to
   complete standard legal instrument); written components graded as part
   of the whole
2.  Weekly reading assignments of 20-40 pages
3.  Field work of approximately 15 hours related to appraisal report.
   Including, but not limited to, measuring real property, locating
   appropriate comparable properties, contact with county offices and
   other real estate professionals; as appropriate to specific property
4.  Quizzes on each chapter of the text
5.  Midterm and final exams
6.  Homework, including but not limited to, online research of government,
   agency and licensing resources
7.  Presentation of appraisal report with explanation of method used and
   citation of statutes to support legal instrument

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
15 - 45%
Written homework
Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills.Problem Solving
10 - 25%
Homework problems, Field work
Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams.Skill Demonstrations
0 - 0%
None
Exams: All forms of formal testing, other than skill performance exams.Exams
30 - 70%
Multiple choice, True/false, Essay exam(s)
Other: Includes any assessment tools that do not logically fit into the above categories.Other Category
5 - 10%
attendance


Representative Textbooks and Materials:
Untitled document
FUNDAMENTALS OF REAL ESTATE APPRAISAL by William L. Ventolo, Jr. and
Martha R. Williams.  Copyright 2003 by Dearborn Publishing.

Print PDF