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Pricing Property New

Course Description

Course Description

Students will be introduced to the concepts, types, and approaches to value. They will learn about market value; selecting the best comparables when estimating real property value; and accurately determining square footage. This course addresses how to correctly make adjustments to value, market timing, and the reasoning and strategies as to why property sells.

Content Outline:

  • Valuation
  • Comparative Market Analysis
  • Replacement Value
  • Income – Capitalization Approach
  • Cost Approach
  • Comparables

Learning Objectives

  • Compare and contrast the three approaches to valuation; Describe the purposes and content of a comparative market analysis (CMA); Explain what comparables are used for and which to select when estimating real property value
  • Analyze the factors affecting cost, price, and value; Identify the four characteristics necessary for real property to have value; Define key terms
  • Estimate the value of properties using the cost method approach; Differentiate between the three forms of depreciation; Describe how replacement cost is determined
  • Describe the income – capitalization approach to appraising the value of income – producing properties; Use the capitalization formula to calculate the value of a property; Explain the derivation of net operating income and how capitalization rates are calculated; Apply the gross rent multiplier
  • Define the three classic approaches to value; and Explain a cost approach appraisal and when it is used.
  • Describe a sales comparison approach appraisal; Follow the guidelines for when selecting comparable property; and Apply the “two in, one out rule.”

6 lesson assessments
1 post assessment.

State Requirements

Our real estate CE courses meet the requirements of the Georgia Real Estate Commission (GREC). Take your 24-hour Georgia real estate continuing education now. All licensees who have a license number above 100,000 are required to take continuing education during a four-year renewal period to renew their licenses. A renewal period begins four years prior to the current renewal due date. For instance, your renewal date is March 31, 2006. You must complete your CE requirements between April 1, 2002 and March 31, 2006. All CE courses completed outside the renewal period will not be credited.

PRICE:

$40

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