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Estimating the Gross Living Area New

Course Description

This module is designed as a 3 – hour course to teach those in the real estate community about estimating gross living area. This module includes two practice exams that will help the student prepare for the module exam. Understand that these are for practice only. The student must pass a comprehensive final exam to receive credit for the module. Topics Covered This module includes the following lessons.

  • American National Standard for Single – Family Residential Buildings
  • Measurement and Calculation
  • Appraisal Values
  • The Appraisal Process
  • Uniform Standards of Professional Appraisal Practice
  • Valuation Analysis
  • Summary and Other Guidelines
  • Critical Thinking Questions and Case Studies
  • Learning Objectives

  • Define the American National Standard for Single – Family Residential Buildings (ANSI) and associated definitions
  • Understand the scope and purpose of the ANSI
  • Employ the calculation and measurement of square footage
  • Comprehend the Statement of Finished Square Footage
  • Calculate and measure estimated gross living area according to floor plans
  • Identify the different values associated with real property, namely market value
  • Determine the forces affecting market value
  • Apply the appraisal process with regards to the Bundle of Rights and the appraisal process flow chart
  • Define the Uniform Standards of Professional Appraisal Practice (USPAP) and various rules that accompany the USPAP
  • Identify the components of valuation analysis
  • Review a summary of the course and guidelines used for the estimation of the gross living area
  • State Requirements

    Arkansas real estate license renewal for the upcoming year must be completed by September 30th of the current year to avoid penalty. Any renewals beyond September 30th will be assessed with penalty. If an active license is not renewed for the upcoming year prior to December 31st of the current year, the license will automatically expire on January 1st.



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